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Next steps in U.S.-China trade deal after Trump announces framework

By Home - CBSNews.com May 12, 2025 | 6:38 PM

Stocks soared Monday after the U.S. and China agreed to drastically roll back tariffs for at least 90 days. CBS News White House reporter Willie James Inman has more.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM