ASAToday for June 26th, 2025

Tariffs Update This week, the Trump Administration imposed reciprocal tariffs on key trading partners, including Canada, Mexico, China, and many European nations that have persistent trade deficits with the U.S. Last week, President Trump announced a plan to implement a 25 percent tariff on imported cars and light trucks. This measure will impact major trading…

Budget Reconciliation Update Republican leadership continues to try to build consensus to include language in the reconciliation package to raise the debt ceiling. If they can get there, the looming X-date turns up the pressure to move the process forward at a faster pace. Leadership has not resolved any of the foundational policy disputes that…

White House Agency Layoff Plans Federal officials are preparing agencies to cut 8-50% of their employees in the Trump administration’s effort to reduce federal government size. The Department of Housing and Urban Development would cut about 8,300 staff; the Interior Department nearly 25%; the IRS nearly 33%. Planned reductions include 8% at the Justice Department,…