U.S. News and World Report

10 hours ago | usnews.com | Casey Hall |Nicoco Chan

By Casey Hall and Nicoco ChanYIWU, China (Reuters) -A tariff truce between the United States and China is helping kickstart the resumption of trade between the countries but for manufacturers of Halloween decorations in the eastern Chinese city of Yiwu feelings are mixed.

1 day ago | usnews.com | Maryalene Laponsie |Katy Marquardt |Susannah Snider

Key Takeaways: President Donald Trump has proposed that no taxes be paid on tipped income. Currently, tips may be subject to income tax and payroll taxes, which fund Medicare and Social Security. Exempting tips from tax could lead some workers and businesses to try to shift income from wages to tips. The proposal is most likely to be enacted in a budget reconciliation bill although a separate bill, the No Taxes on Tips Act, has been introduced.

1 day ago | usnews.com | Andrew MacAskill

By Andrew MacAskillLONDON (Reuters) - British police charged Myanmar's former ambassador to the United Kingdom with trespassing on a diplomatic residence in London that he has refused to leave since being ousted for opposing Myanmar's 2021 military coup. Kyaw Zwar Minn was locked out of his embassy a few months after the February 2021 coup, and was later replaced by the junta's representatives, after calling for the release of Myanmar's civilian leader Aung San Suu Kyi.

1 day ago | usnews.com | Tim Smart

Consumer prices rose less than expected in April, with the pace of annual inflation falling to its lowest level since early 2021, the Bureau of Labor Statistics reported on Tuesday. The consumer price index increased by 0.2% for the month, better than the 0.3% forecast, as price decreases for gasoline and groceries offset an increase in housing costs. The pace of annual price increases dipped to 2.3% from 2.4% in March.

2 days ago | usnews.com | Sarah Lynch

By Sarah N. LynchWASHINGTON (Reuters) - The FBI ordered agents on Monday to step up the amount of time they devote to immigration enforcement and to scale back investigating white-collar crime, four people familiar with the matter told Reuters. In a series of meetings, FBI agents were told by their field offices they would need to start devoting approximately one third of their time to helping the Trump administration crack down on illegal immigration.