Education Department reopens applications for student loan repayment plans
The U.S. Education Department reopened online applications Wednesday for income-driven repayment plans for student loan borrowers. The applications had been taken down in response to a February court ruling, which blocked the Biden administration’s Saving on a Valuable Education Plan and parts of other income-driven repayment plans. The materials’ removal had complicated the renewal process for borrowers already enrolled in other repayment plans. The American Federation of Teachers had filed a lawsuit seeking to force the department to accept and process applications for repayment plans.
Congressional Republicans target PBS, NPR funding in contentious hearing
WASHINGTON (AP) — A House Republican pushing the Trump administration's government efficiency efforts has called for dismantling and defunding the nation's public broadcast system following a contentious public hearing on Wednesday. Marjorie Taylor Greene of Georgia said the systems “can hate us on your own dime.” The leaders of PBS and NPR appeared before the committee as congressional Republicans and President Donald Trump have roughly half a billion dollars in public funding for them in their sight. Republicans complain bitterly of left-wing bias in the news and programming. Democrats mocked the hearing as shameful considering other issues, as the broadcast company leaders tried to explain what they delivered for taxpayers.
US robotics companies push for national strategy, including a central office, to compete with China
WASHINGTON (AP) — American robotics companies are pushing for a national robotics strategy, including a central government robotics office, to promote the industry at a time that Beijing is making intelligent robots a top national priority. Representatives of companies including Tesla, Boston Dynamics and Agility Robotics on Wednesday met lawmakers on Capitol Hill, showing off products while pushing for the U.S. to adopt policies that would boost American companies in a global race to develop the next generation of robots.
Stock market today: Asian shares sag after Trump raises tariffs on auto imports
TOKYO (AP) — Shares have sagged in Asia after President Donald Trump announced he will raise tariffs on imported cars. Tokyo's benchmark fell 1% on heavy selling of automakers. Chinese benchmarks advanced. Trump said he was placing 25% tariffs on auto imports to encourage more manufacturing in the U.S., but the impact will be complicated since U.S. automakers source many of their components from around the world. On Wednesday, declines for Nvidia, Tesla and other tech-related shares dragged Wall Street lower. The S&P 500 sank 1.1% and the Dow Jones Industrial Average shed 0.3%. The weakness for Big Tech stocks sent the Nasdaq composite to a market-leading drop of 2%.
Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues
WASHINGTON (AP) — President Donald Trump says he is placing 25% tariffs on auto imports. The White House says the move will foster domestic manufacturing, but it could also put a financial squeeze on automakers that depend on global supply chains. Trump told reporters on Wednesday that “this will continue to spur growth.” The tariffs could be complicated as even U.S. automakers source their components from around the world. That means they could face higher costs and lower sales. Shares in General Motors fell roughly 3% Wednesday. Ford’s stock was up slightly. Shares in Stellantis, the owner of Jeep and Chrysler, dropped nearly 4%.
Trump has begun another trade war. Here's a timeline of how we got here
NEW YORK (AP) — Long-threatened tariffs from U.S. President Donald Trump have plunged the country into a global trade war — all while on-again, off-again new levies continue to escalate uncertainty. Trump is no stranger to tariffs. He also launched a trade war during his first term in office, but has more sweeping plans now. Economists stress there could greater consequences this time — and that higher prices will likely lead consumers to foot the bill. There’s also been a sense of whiplash from Trump’s back-and-forth tariff threats and responding retaliation, including some recently-postponed levies. Still, some are already in effect — and the president has promised to kick off an even more expansive campaign starting April 2, which he has called “Liberation Day.”
The AP and the Trump administration are due back in court in their fight over White House access
WASHINGTON (AP) — The Associated Press and Trump administration are due back in court in their fight over access to presidential events. The White House barred AP from covering certain events over the organization's refusal to call the Gulf of Mexico the Gulf of America in its stories, although it mentions Trump's executive order changing the name. The AP says it's a free speech issue and that the government can't retaliate against a news organization because it disagrees with what it says. The White House says that it should have the authority to decide which journalists should have access to question the president.
Climate change and overfishing threaten Vietnam’s ancient tradition of making fish sauce
DA NANG, Vietnam (AP) — Fish sauce is an indelible part of Vietnam's culture and essential for its vibrant cuisine. In small fishing villages across Vietnam's long coast, families have made it for centuries. But climate change and overfishing threaten the anchovies crucial for fish sauce production. Warmer waters with less oxygen are forcing fish to shrink, and overfishing is reducing catches. This jeopardizes not only these family businesses but also Vietnam’s ambition to dominate a global fish sauce market that's projected to grow significantly by 2032.
Judge allows newspaper copyright lawsuit against OpenAI to proceed
NEW YORK (AP) — A federal judge has ruled that The New York Times and other newspapers can proceed with a copyright lawsuit against OpenAI and Microsoft seeking to end the practice of using their stories to train artificial intelligence chatbots. U.S. District Judge Sidney Stein of New York on Wednesday dismissed some of the claims made by media organizations but allowed the bulk of the case to continue, possibly to a jury trial. Stein didn’t explain the reasons for his ruling, saying that would come “expeditiously.” OpenAI said in a statement it welcomed the court’s dismissal of some of the claims.
Trump says he would consider reducing China tariffs if there's a deal on TikTok
President Donald Trump on Wednesday said he would consider a reduction in tariffs on China if that country’s government approves a sale of TikTok’s operations in the United States. Speaking with reporters at the Oval Office, Trump said the move “sounds like something I’d do.” The president’s comments came less than two weeks before an April 5 deadline requiring TikTok’s China-based parent company ByteDance to divest or face a U.S. ban.
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