
Charting the Global Economy: US GDP Falls on Larger Trade Hit
The US economy contracted slightly to start the year, largely reflecting a bigger tariff-related trade hit but also a larger downshift in household spending growth than first estimated.
In contrast, an export surge help drive the Canadian economy in the first quarter as businesses accelerated shipments ahead of higher US duties. Gross domestic product in India rose at a stronger-than-forecast 7.4% pace.
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CBS News
10 minutes ago
- CBS News
Lathrop Irrigation District, PG&E speak on power outage over hot weekend
LATHROP -- Rising temperatures mean more air conditioning. For hundreds of residents in Lathrop's River Islands, they had to sweat it out over this weekend's high heat. "Everyone was able to freeze their water, or go out to the pool, or make other arrangements -- so it's pretty good," Donna Cunningham said. "It always seems to happen on the hottest day of the year though," Frank Cunningham added. For about nine hours on Saturday, residents didn't have power. According to Lathrop Irrigation District (LID), this was a test of their switch at their substation that powers the relatively new development of River Islands. The test is federally mandated and happens once every five to six years. Its purpose is essential. "It keeps all our stuff safe in our switch yards," LID General Manager Erik Jones explained. "That way our power isn't interrupted if there are surge fires, whatever kind of keeps it, you know, safe for us. They have to test those. Usually it's every five, six years, but it's a federally mandated test." According to LID, Pacific Gas and Electric (PG&E) reached out to them earlier this year, saying they needed time to test the switch. With Lathrop only having one switch, they didn't have a choice but to shut off power for hours. That outage was scheduled months in advance, and it just so happened to land on a weekend with scorching temperatures. "It was either a Thursday or Memorial Day. Obviously, because of Memorial Day, the weather was a lot nicer, but there's a lot that's a big holiday and it would have been probably a lot worse if we chose that day," Jones said. CBS Sacramento reached out to PG&E about the timing of the outage. They sent a statement reading: "Our preference was to conduct this work in the evening when it is cooler in order to have the least amount of impact on our customers." Why wasn't the outage delayed? LID said that by the time it got PG&E's request, they had already sent out their 30-day notice to residents and didn't want to postpone the test later into the hot summer months. "We have to notify within 30 days of any interruptions, if we can," Jones explained. "We tried to give the best warning we could. When they scheduled the day of May 31, who knew it was gonna be 105 that day? It's just the way Mother Nature works this time." LID was able to turn the power back on before the original outage timeline. As of right now, there are no other outages planned.


Fox News
14 minutes ago
- Fox News
Trump pushes 'Big, Beautiful Bill' as solution to four years of Biden failures: 'Largest tax cut, EVER'
President Donald Trump turned to social media on Monday evening to sell Americans on his vision for the "Big, Beautiful Bill," calling it an opportunity to turn the U.S. around after what he called "four disastrous years" under former President Joe Biden. The House passed the spending bill in late May and it is now in the Senate's hands. "We will take a massive step to balancing our Budget by enacting the largest mandatory Spending Cut, EVER, and Americans will get to keep more of their money with the largest Tax Cut, EVER, and no longer taxing Tips, Overtime, or Social Security for Seniors — Something 80 Million Voters supported in November," Trump said in a post on Truth Social. "It will unleash American Energy by expediting permitting for Energy, and refilling the Strategic Petroleum Reserve. It will make American Air Travel GREAT AGAIN by purchasing the final Air Traffic Control System." The president said the bill includes the construction of The Gold Dome, which he says will secure American skies from adversaries. The bill will also secure the border by building more of the wall and "supercharging the deportation of millions of Criminal Illegals" that he said Biden allowed into the U.S. "It will kick millions of Illegals off Medicaid, and make sure SNAP is focused on Americans ONLY! It will also restore Choice and Affordability for Car purchases by REPEALING Biden's EV Mandate, and all of the GREEN NEW SCAM Tax Credits and Spending," Trump wrote. "THE ONE, BIG, BEAUTIFUL BILL also protects our beautiful children by stopping funding for sick sex changes for minors." The Senate returned to Washington on Monday, and in his post, Trump called on his Republican allies in Congress to work quickly to get the bill on his desk before July 4. In a separate post, Trump addressed what he referred to as false statements about the bill, reiterating that it is the "single biggest Spending Cut in History." He noted that there will not be any cuts to Social Security, Medicare or Medicaid, adding they will be saved from "the incompetence of the Democrats." "The Democrats, who have totally lost their confidence and their way, are saying whatever comes to mind — Anything to win!" Trump said. "They suffered the Greatest Humiliation in the History of Politics, and they're desperate to get back on their game, but they won't be able to do that because their Policies are so bad, in fact, they would lead to the Destruction of our Country and almost did. "The only 'cutting' we will do is for Waste, Fraud, and Abuse, something that should have been done by the Incompetent, Radical Left Democrats for the last four years, but wasn't," he concluded. Senate Republicans will get their turn to parse through the colossal package and are eying changes that could be a hard sell for House Speaker Mike Johnson, R-La., who can only afford to lose three votes. Congressional Republicans are in a dead sprint to get the megabill — filled with Trump's policy desires on taxes, immigration, energy, defense and the national debt — onto the president's desk by early July. If passed in its current state, the bill is expected to add roughly $3 trillion to the national debt, including interest, according to the Committee for Responsible Federal Budget.

Wall Street Journal
17 minutes ago
- Wall Street Journal
A Doctor vs. the Hospital Lobby on Medicaid
Regarding your editorial 'The Medicaid Scare Campaign' (May 27): I've dealt with this issue after having practiced emergency medicine for more than 30 years in the once Golden State of California. I work in a less affluent urban area of a generally affluent county. In my last two shifts, I saw five new immigrants, all covered by 'Emergency Medi-Cal'—the state's version of Medicaid—for nonemergent conditions. Four arrived by ambulance for drug- or alcohol-related problems, and another had dental issues, having never been seen by a dentist in her home country. One of them asked for a 'general checkup' at midnight once he sobered up. California started by offering prenatal care to immigrant mothers many years ago, in the hope this would improve maternal and pediatric outcomes. The Democratic Legislature rapidly expanded that coverage to all for emergencies, while ignoring the high cost of care in the emergency departments vs. that of clinics. The general public doesn't comprehend the concept of true emergencies, and my state has become a magnet for people seeking all the free stuff.