Current US Domestic News Highlights: Economic Gains, Protests, and Policy Updates
A roundup of significant U.S. domestic news includes a rise in retail sales in July, extensive protests against Trump's redistricting efforts, Zelenskiy's upcoming visit to Washington, and stricter solar and wind project rules. Additionally, Maryland's digital ad tax law faced a constitutional challenge, and several updates in policy and industry sectors were reported.
In July, U.S. retail sales experienced a notable increase, driven by robust demand for motor vehicles and promotional efforts by major retailers. However, concerns loom as a softening labor market and rising prices might impact consumer spending in the third quarter, as noted by the Commerce Department.
Pro-democracy activists held over 300 protests against the Trump administration's redistricting push in Texas. Former Congressman Beto O'Rourke joined the demonstrations that aimed to prevent the redrawing of the congressional map in favor of Republicans.
Stricter federal subsidy rules for solar and wind projects have been introduced by the U.S. Treasury Department, impacting how these projects qualify for tax benefits. Meanwhile, Maryland's digital ad tax law faced a setback as a federal appeals court deemed it unconstitutional.
(With inputs from agencies.)
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