Kate Bullivant
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And the price of gold reaches a record high. It's Friday, March 14th. I'm Kate Bullivant for The Wall Street Journal, filling in for Luke Vargas. And here is the AM edition of What's News, the top headlines and business stories moving your world today.
And the price of gold reaches a record high. It's Friday, March 14th. I'm Kate Bullivant for The Wall Street Journal, filling in for Luke Vargas. And here is the AM edition of What's News, the top headlines and business stories moving your world today.
Senate Democrats are planning to help advance a Republican measure to fund the government in a vote this afternoon ending the threat of a shutdown Democrats had struggled for days on how to approach the GOP bill which gives the Trump administration more flexibility to downsize and dismantle federal agencies
Senate Democrats are planning to help advance a Republican measure to fund the government in a vote this afternoon ending the threat of a shutdown Democrats had struggled for days on how to approach the GOP bill which gives the Trump administration more flexibility to downsize and dismantle federal agencies
Senate Majority Leader Chuck Schumer said there was no good option, adding he would back the GOP measure because the prospect of a shutdown was worse. Siobhan Hughes covers Congress for the Journal.
Senate Majority Leader Chuck Schumer said there was no good option, adding he would back the GOP measure because the prospect of a shutdown was worse. Siobhan Hughes covers Congress for the Journal.
Senate Republican leaders have scheduled a procedural vote for this afternoon. Without action, the government will shut down at one minute past midnight on Saturday, furloughing hundreds of thousands of workers and stopping non-essential services.
Senate Republican leaders have scheduled a procedural vote for this afternoon. Without action, the government will shut down at one minute past midnight on Saturday, furloughing hundreds of thousands of workers and stopping non-essential services.
At the same time, two judges have now ordered the Trump administration to reinstate thousands of probationary workers who were fired at a number of federal agencies. As we mentioned on our PM show, a US district judge in California yesterday ruled that probationary workers from six federal departments
At the same time, two judges have now ordered the Trump administration to reinstate thousands of probationary workers who were fired at a number of federal agencies. As we mentioned on our PM show, a US district judge in California yesterday ruled that probationary workers from six federal departments
including agriculture and veterans affairs, should be offered their jobs back immediately, describing their firing as a sham. Later in the day, a US district judge in Maryland issued a similar ruling in a case brought by 20 Democratic-led states and the District of Columbia, saying employees at 18 agencies should get their jobs back.
including agriculture and veterans affairs, should be offered their jobs back immediately, describing their firing as a sham. Later in the day, a US district judge in Maryland issued a similar ruling in a case brought by 20 Democratic-led states and the District of Columbia, saying employees at 18 agencies should get their jobs back.
The Trump administration has brought its plan to restrict birthright citizenship to the Supreme Court, asking the justices to scale back lower court orders, blocking the president's decree of denying citizenship to children born in the US to parents without legal residency.
The Trump administration has brought its plan to restrict birthright citizenship to the Supreme Court, asking the justices to scale back lower court orders, blocking the president's decree of denying citizenship to children born in the US to parents without legal residency.
Although the case is in preliminary stages, the emergency request will force the justices to weigh in on one of the most aggressive moves made by the new administration. The 14th Amendment provides, quote, all persons born or naturalised in the US and subject of the jurisdiction thereof are citizens of the United States.
Although the case is in preliminary stages, the emergency request will force the justices to weigh in on one of the most aggressive moves made by the new administration. The 14th Amendment provides, quote, all persons born or naturalised in the US and subject of the jurisdiction thereof are citizens of the United States.
In an Inauguration Day order, Trump asserted that children born to people lacking permanent residency aren't subject to US jurisdiction and therefore don't hold citizenship, essentially arguing that the longstanding interpretation of the 14th Amendment is mistaken. Turning to markets now, and gold rallied overnight to reach a record high of $3,000 a troy ounce for the first time ever.
In an Inauguration Day order, Trump asserted that children born to people lacking permanent residency aren't subject to US jurisdiction and therefore don't hold citizenship, essentially arguing that the longstanding interpretation of the 14th Amendment is mistaken. Turning to markets now, and gold rallied overnight to reach a record high of $3,000 a troy ounce for the first time ever.
Prices for gold have been rising sharply over the past year, with the yellow metal having already surpassed the 2025 price target set by many Wall Street forecasters. Journal Europe finance editor Alex Frangos says there's a few things driving gold higher.
Prices for gold have been rising sharply over the past year, with the yellow metal having already surpassed the 2025 price target set by many Wall Street forecasters. Journal Europe finance editor Alex Frangos says there's a few things driving gold higher.