U.S. Treasury bonds sold off Wednesday as a global trade war escalated, with the Trump administration’s harshest tariffs yet drawing swift retaliation from China and the European Union.
Baked in the 21-page measure are new rules for contacts awarded by state agencies—including a ban on non-public, no-bid deals—and steeper expectations for vendors paid with taxpayer dollars.
World leaders and business executives are bracing for higher tariff rates that took effect at 12:01 a.m. Wednesday.
Under Senate Bill 2, those enrolled in the Healthy Indiana Plan will need to either work or volunteer for 20 hours each week, with several exceptions for caregivers, disabled beneficiaries and more.
Acting IRS commissioner Melanie Krause—the tax agency’s third leader since President Donald Trump’s inauguration—will participate in the deferred resignation program the Trump administration offered to agency employees in recent days, sources said.
The president directed federal agencies to loosen various restrictions on coal mining, leasing and exports.
The Governor’s Office singled out the Indiana Economic Development Foundation, which supports IEDC travel and business-attraction efforts, for failing to produce years of transparency reports.
The revised property tax reform bill would reduce the number of revenue sources that school districts would need to share with charters, as proposed in separate legislation.
In addition, the Indiana House approved towing regulations after months of strife within the Republican supermajority.
Language similar to House Bill 1662, which died earlier this legislative session, was amended into a seemingly unrelated bill, raising concerns from Democrats and advocates for the homeless.
Hope still remains on Wall Street that negotiations may be possible. The country’s top trade negotiator, Jamieson Greer, said roughly 50 countries have already been in contact about new tariff deals.
The effect of the high court’s order will keep employees in six federal agencies on paid administrative leave for now.
Before Monday’s vote, more than two hours of committee testimony was dominated by medical students and professors from Indiana University and other Hoosier colleges.
Mayor Joe Hogsett’s office said the mayor would make a new appointment after City-County Council members decided Monday evening to table a confirmation vote for Lena Hill, his pick for deputy mayor of public health and safety.
In January, former President Joe Biden blocked the proposed $14.9 billion acquisition of Pittsburgh-based U.S. Steel by Nippon Steel in Japan. However, President Donald Trump on Monday ordered a new review of the deal.
Indiana House Republicans’ property tax reform proposal passed out of committee Monday morning, but demands from Gov. Mike Braun and some Republicans for even more relief could complicate the bill’s future.
Indiana Humanities, the Children’s Museum of Indianapolis and the Kurt Vonnegut Museum and Library won’t receive the expected funding after the Trump administration canceled National Endowment for the Humanities grants.
America’s trading partners wrestled with responses to U.S. President Donald Trump’s blast of tariff hikes and some planned to send negotiators to Washington, D.C.
President Trump’s threat, which he delivered on social media, came after China said it would retaliate against U.S. tariffs announced last week.
President Trump’s comments came as global financial markets appeared on track to continue sharp declines once trading resumes Monday.
