Reuters US Domestic

Bessent: Carbon tariffs could be part of an overall tariff program

WASHINGTON (Reuters) – President-elect Donald Trump’s pick for U.S. Treasury Secretary, Scott Bessent, told U.S. senators on Thursday he is interested in potentially enacting tariffs on carbon emissions. “It’s a very interesting idea that could be part of an entire tariff program,” Bessent told the Senate Finance Commmittee, “President Trump hasn’t taken office yet but …

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State auditor questions utility SoCal Edison’s fire risk modeling

By Laila Kearney and Tim McLaughlin NEW YORK (Reuters) – State utility regulators will vote Thursday on Southern California Edison’s wildfire-mitigation plan, which safety auditors have said does not properly assess the risk of blazes during extreme winds, filings show. SCE’s updated 2025 wildfire-mitigation plan before the California Public Utilities Commission carries added weight in …

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Pharma digs in on changes it wants from Trump administration

By Deena Beasley SAN FRANCISCO (Reuters) – The pharmaceutical industry, grappling with new government limits on drug prices, is focusing its requests for president-elect Donald Trump and Congress on “fixing” a Biden-era law allowing the Medicare health plan to negotiate prices for its costliest medicines along with insurance changes. The industry, which argues that pharmacy …

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The migrants on the frontline of Trump’s mass deportation plan

By Kristina Cooke and Ted Hesson Blanca Figueroa and Severiano Martinez have known from the start of their eight-year marriage that she was at risk of deportation because she entered the United States illegally. Now – with President-elect Donald Trump expected to issue a flurry of executive orders aimed at speeding the deportation process on …

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Neighbors on Christmas Tree Lane battled California wildfire two buckets at a time

By Chad Terhune ALTADENA, California (Reuters) – As embers began raining down on Altadena last week, Jason Salit sent his wife and two college-age children away. The 60-year-old technology consultant vowed to evacuate too if the Eaton Fire escalated. “I don’t want to die here either,” he assured his wife and their children. “I’m going …

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Blue Origin’s New Glenn rocket lifts off from Florida in debut mission

CAPE CANAVERAL, Florida (Reuters) – Jeff Bezos’ Blue Origin launched its first New Glenn rocket early Thursday morning from Florida, an inaugural step into Earth’s orbit to rival SpaceX in the satellite launch market. (Reporting by Joey Roulette; Editing by Himani Sarkar)

Los Angeles ‘Red Flag’ wildfire warnings expire, but dangers persist

By Jorge Garcia and Lisa Richwine LOS ANGELES (Reuters) -Red Flag warnings advising of extreme wildfire danger expired across the Los Angeles area late on Wednesday, but forecasters warned that dry and windy conditions will persist on Thursday, and that the threat of blazes remained. The National Weather Service added that the respite for fire-ravaged …

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Biden takes aim at ‘tech industrial complex,’ echoing Eisenhower

By Steve Holland and Kanishka Singh WASHINGTON (Reuters) -U.S. President Joe Biden warned on Wednesday in his farewell address that an American oligarchy is taking shape among a few tech billionaires who have amassed a “dangerous concentration of power.” Biden warned Americans of a “tech industrial complex,” words that echoed President Dwight Eisenhower’s farewell address …

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Senators demand US trade chief Tai halt late talks on investor protections

By David Lawder WASHINGTON (Reuters) -A bipartisan group of U.S. senators on Wednesday called on U.S. Trade Representative Katherine Tai to stop “secret negotiations” with Mexico, Canada and Colombia that they say would weaken investor protections in some U.S. free trade deals during the Biden administration’s final days. The letter, led by Senate Finance Committee …

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Biden says Gaza deal based on his framework while Trump claims credit

By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden and President-elect Donald Trump both claimed credit on Wednesday for a Gaza ceasefire-for-hostages deal that was months in the making but was helped across the line by a Trump envoy. In announcing the ceasefire, Biden noted the final deal largely mirrored the framework of a proposal …

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