Trump Administration

Former White House employee, Omarosa Manigault Newman, questions the political viability of ex-President Donald Trump in light of his ongoing fraud trial. According to Omarosa, Trump’s current legal challenges, including a $250 million civil fraud case in New York, could hinder his chances of...

In a twist of events, the Biden administration has bypassed 26 federal laws to allow the construction of a border wall in South Texas, reports Politico. What Happened: This unexpected move by the current administration marks the first instance of such extensive use of executive power, reminiscent...

Tesla Inc (NASDAQ: TSLA) wants duties imposed on its imports from China declared unlawful and is demanding a refund in a lawsuit it filed Monday, Bloomberg reported.  What Happened: The Elon Musk-led company named the United States Trade Representative Robert Lighthizer as a defendant in its...

Trump Administration wants investors from the United States to hold a majority stake in ByteDance-owned short-form video app TikTok, the Wall Street Journal reported Wednesday. What Happened: The Beijing-based company is partnering with Oracle Corporation (NYSE: ORCL) to form a new U.S.-based firm...

Eastman Kodak Company (NYSE: KODK) is facing an inquiry from the United States International Development Finance Corp, the federal agency that planned to extend it a $765 million loan to manufacture drug ingredients, the Wall Street Journal reported Monday.  What Happened: The inspector...

The United States government will stop conducting enhanced COVID-19 screening of international inbound passengers, Yahoo News reported Wednesday. What Happened: International flights would no longer be channeled through designated airports for screening beginning at 12:01 a.m. next Monday...

President Donald Trump's administration is moving ahead with its controversial plan to allow drilling for oil and gas in the Arctic National Wildlife Refuge, National Public Radio reported. What Happened The United States Department of Interior’s Bureau of Land Management formally...

The federal government is halting a $765 million loan to Eastman Kodak Company (NYSE: KODK) for its generic drug-making foray until the company is cleared of insider trading allegations. What Happened "On July 28, we signed a Letter of Interest with Eastman Kodak. Recent allegations of...

A senior functionary of President DonaldTrump’s administration has disclosed that health officials and drugmakers in the United States are expecting the production of a COVID-19 vaccine to begin by the end of summer. What Happened The official said at a press conference Monday that...

Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter. National Economic Council Director Larry Kudlow, in a press conference on Tuesday, said that the federal government's planned novel...

The United States military on Thursday conducted five airstrikes targeting Kata'ib Hezbollah facilities in Iraq. What Happened The facilities targeted were used for storing weapons, and the strikes would "significantly degrade [Hezbollah's] ability to conduct future attacks"...

U.S. Companies can continue doing business with Huawei until mid-may as Huawei’s temporary license has been extended. What Happened The U.S. Commerce Department added Huawei to an economic blacklist in May 2019 on national security grounds. Since then, Huawei has been granted a series of...

Huawei Technologies Ltd.'s appeal against a United States law that restricted its ability to do business in the country was rejected by a federal judge on Tuesday, Reuters reported. What Happened The judge ruled that the U.S. Congress acted within its constitutional powers when it included the...

The White House is asking for a 12% increase in the budget for NASA as the space agency continues to push its ambitious Artemis program to send people back to the moon and prepare for human exploration of Mars. The budget proposal requests $25.246 billion, an increase of more than $2.5 billion. The...

The trade deal pushed to the side U.S./China trade war is now in the forefront on reports that House Democrats and the Trump administration are near an agreement on USMCA. Discussions on the deal have taken over a year now, and if it passes the House before the end of 2019, it would move on to be...