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News & Articles By Willow Tohi
06/06/2025
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By Willow Tohi
CBO warns Trump tax overhaul adds $2.4 trillion to debt amid Musk’s scathing criticism and Senate delays
Congressional Budget Office (CBO) revises deficit forecast for Trump’s tax bill to $2.4 trillion over 10 years. Elon Musk denounces bill as a “disgusting abomination,” pressuring GOP leaders. Healthcare cuts could leave 10.9 million, including 1.4M undocumented individuals, uninsured. Senate faces hurdles revising the bill amid fiscal conservatives’ push for debt reduction. White House disputes […]
06/06/2025
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By Willow Tohi
P&G reshapes workforce amid tariff turmoil and environmental demands
Procter & Gamble announces 7,000 job cuts to non-manufacturing roles over two years. Trump-era tariffs, inflated costs and shifting consumer demand. Reduced toxic 1,4-dioxane in Herbal Essences as grassroots advocacy grows. Unilever also cites price pressures amid commodity inflation. P&G faces $600M potential hit in FY2026 from U.S. trade policies. Procter & Gamble (P&G), a […]
06/04/2025
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By Willow Tohi
Musk’s fiery rebuke highlights fiscal divide over Trump’s $4T debt bill
Elon Musk, former White House efficiency czar, condemns President Donald Trump’s $4T spending bill as a “disgusting abomination,” citing unsustainable debt. The bill, passed by the House, raises the debt ceiling, extends tax cuts and faces Senate revisions amid growing GOP internal divisions. Musk threatens to fund primary challenges against Republicans supporting the bill, escalating […]
06/04/2025
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By Willow Tohi
Alberta wildfires disrupt 7% of Canadian oil production, spark supply concerns across North America
Wildfires in Alberta’s oil-rich region have halted 344,000 barrels per day (bpd), affecting 7% of Canada’s total crude output. Major producers including Cenovus, MEG Energy and Canadian Natural face disruptions due to blazes near production sites. Flames approach 470,000 bpd of capacity, risking lasting damage or extended shutdowns. U.S. refineries, reliant on Canadian imports for […]
06/02/2025
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By Willow Tohi
AI’s job “bloodbath”: A CEO’s dire prediction for office work as we know it
Anthropic CEO Dario Amodei warns AI could eliminate half of entry-level white-collar jobs, spiking U.S. unemployment to 10-20% within five years. 41% of global firms plan to reduce workforces via AI, per a World Economic Forum report. Corporate leaders privately admit AI-driven layoffs are inevitable, driven by cost savings and efficiency gains. Proposed solutions include […]
05/30/2025
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By Willow Tohi
U.S. halts critical exports to China amid escalating trade and supply chain wars
U.S. imposes bans on jet engine tech, semiconductor software and advanced materials to China. Visa revocations target Chinese students in sensitive research fields. China’s rare earth export restrictions spurn U.S. retaliation and raise supply chain security concerns. Pentagon halts fighter jet production due to Chinese alloy discovery in components. 90-day trade truce risks collapse as […]
05/29/2025
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By Willow Tohi
U.S. consumer confidence soars on U.S.-China trade truce’s “new normal”; economic mood shifts
U.S. consumer confidence surged 12.3 points in May 2025 to 98.0, the largest monthly gain since 2021, driven by a temporary U.S.-China tariff deal. Presidents Trump and Xi agreed to slash tariffs on Chinese imports from 145% to 30%, easing trade tensions after five months of declining sentiment. Optimism spanned demographics, with the strongest gains […]
05/29/2025
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By Willow Tohi
Trump tariffs surpass $22B in May, fueling debate over trade strategy and fiscal vision
President Trump’s tariffs generated $22.3 billion in May, marking a record single?month haul and surpassing April’s $17.4 billion. The strategy combines revenue-raising with aggressive trade pressure to reshape global trade, with a focus on relocating manufacturing to the United States. Tariffs account for 4% of federal revenue, up from a historical average of 2%, but […]
05/28/2025
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By Willow Tohi
“The Trump Effect” sparks $9 trillion investment debate amid skepticism
President Donald Trump claims $9 trillion in U.S. investments since his 2025 inauguration, citing “The Trump Effect,” but totals remain disputed. Major pledges include Apple’s $500 billion in manufacturing and NVIDIA’s $500 billion in AI infrastructure, alongside foreign nations like UAE’s $1.4 trillion vow. CBS News finds discrepancies, noting projects announced under Biden and vague […]
05/24/2025
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By Willow Tohi
House passes Trump’s “Big, Beautiful Bill” after epic GOP unity, sets stage for Senate showdown
House passes Trump’s “Big, Beautiful Bill” 215-214 amid GOP infighting and Democratic outcry. Key provisions: tax cuts, $4T debt ceiling hike, Medicaid/SNAP restrictions and border spending boosts. Critics warn of $5T deficit jump and 8.6M losing healthcare; supporters claim it spurs economic growth. Senate to revise bill’s social program cuts, threatening GOP cohesion. Outcry grows […]
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