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Watch Live: Biden announces U.S. will revoke Russia's "most favored nation" trade status
CBSN
President Biden is expected to announce Friday that the U.S., European Union and G7 countries are revoking Russia's "most favored nation" trade status over its invasion of Ukraine.
Bipartisan lawmakers have been calling on him to revoke the status, known as "permanent normal trade relations," with Russia, a move that enables the U.S. and allies to impose tariffs on Russian imports.
Within the past few days, companies such as Starbucks, McDonald's, Hilton Worldwide Hotels, Coca-Cola and PepsiCo. have announced changes to their operations in Russia, decisions the White House says have been made by the companies, independent of the U.S. government.
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Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy held a high-stakes meeting at this year's Munich Security conference to discuss the Trump administration's efforts to end the war in Ukraine. Vance said the U.S. seeks a "durable" peace, while Zelenskyy expressed the desire for extensive discussions to prepare for any end to the conflict.
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Washington — The Trump administration on Thursday intensified its sweeping efforts to shrink the size of the federal workforce, the nation's largest employer, by ordering agencies to lay off nearly all probationary employees who hadn't yet gained civil service protection - potentially affecting hundreds of thousands of workers.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.