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Lawmakers point to shutting of USAid and accessing federal payment system as markings of ‘constitutional crisis’Progressive lawmakers condemned Donald Trump and Elon Musk on Monday, pointing to the attempted shuttering of the foreign aid agency USAid and the accessing of the treasury department’s federal payment system as the markings of a “constitutional crisis”.After Musk declared that he was working to shut down USAid, Democratic members of Congress tried to enter the agency’s Washington headquarters but said they were turned away on the orders of Musk’s “department of government efficiency” (Doge). USAid staffers were also locked out of the building on

Federal MPs and senators return after summer break for what could be the last sitting before federal election is calledGet our breaking news email, free app or daily news podcastTreasury has done modelling on cost of potential US tariffsJim Chalmers has now gone to ABC RN Breakfast and says the government has done modelling on what impact tariffs from the US would have.I’ve had the ability to brief my colleagues on a number of occasions now on some of that sort of work, and the broad conclusion out of that work is that Australia is a big beneficiary of open

FTSE 100 and Dow Jones fall after US president rattles investors by targeting China, Canada and MexicoGlobal stock markets came under pressure after Donald Trump signed off on new US tariffs on China, Canada and Mexico, prompting fears of a trade war.Markets recovered some of their losses early on Monday after it emerged that the US president had agreed to delay new duties on goods from Mexico for a month, sparking hopes of a reprieve. Continue reading... Source link : https://www.theguardian.com/business/2025/feb/03/uk-european-stock-markets-tumble-trump-tariff-tantrum Author : Graeme Wearden in London and Callum Jones in New York Publish date : 2025-02-03 20:09:00 Copyright for