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03.05.2025

03.05.2025 โ€” Buffett Retires As Trump Budget Cuts Social Security

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This page is an archive of main headlines from the US for 03.05.2025.

It displays 159 headlines from many sources chronologically, as they appeared throughout the day, accompanied by AI overviews that were written in real time.

03.05.2025 โ‡ข Buffett Retires As Trump Budget Cuts Social Security
โŒจTrump's 2026 budget proposal calling for sharp cuts to social programs dominated morning coverage, with Common Dreams highlighting impacts on Social Security while Republicans reportedly expressed reluctance to implement the cuts. Economic tensions continued as Trump dismissed recession fears despite previous day's GDP contraction, saying "anything can happen" while promising "the greatest economy ever."

By afternoon, new tariffs on auto parts went into effect as Buffett warned against using "trade as a weapon." Border policy tensions escalated between Trump's border czar Tom Homan and critics, including Wisconsin's governor and AOC, whom Homan threatened with legal action.

The evening was dominated by Warren Buffett's surprise retirement announcement at Berkshire Hathaway's annual meeting, where the 94-year-old also criticized Trump's trade policies. Meanwhile, Catholic bishops condemned Trump for an AI-generated image depicting himself as Pope, which circulated widely on social media. The day concluded with Sovereignty winning the Kentucky Derby.
03.05.2025
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Chinaโ€™s electric vehicle industry is preparing to take on the world. Is America ready?
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04:08โ‡ขTrump Budget Slashes Social Security Amid Chinese EV Threat

โŒจThe newspapers report on Trump's 2026 budget proposal with significant spending cuts, including to Social Security (Common Dreams, Boston Globe, NYTimes). The administration backtracked on a controversial plan to rename Veterans Day (ABC News) while facing criticism from once-loyal Republican Marjorie Taylor Greene (Daily Beast). Economic concerns continue as Trump dismisses recession fears, promising "the greatest economy ever" despite market uncertainties (Newsweek, HuffPost). In trade news, U.S. tariffs on Chinese imports are impacting Big Tech advertising revenue (NYTimes), while concerns grow about China's expanding electric vehicle industry (CNN). Other developments include Justice Department scrutiny of medical journals (NPR), a shooting at Spartan College in Inglewood (LA Times), and a settlement with Maine over transgender athlete funding (AP News).
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Ultranationalist Cฤƒlin Georgescu was barred from Romaniaโ€™s presidential election, but now another far-right candidate has taken over his poll lead. To defeat them requires real social policies, not just calls to stop extremism.
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14:58โ‡ขBorder Czar Threatens Governor As Tariffs Hurt Truckers

โŒจThe newspapers report on ongoing tensions in the Trump administration, with National Security Adviser Mike Waltz's removal causing disruption in the security team (AP, Washington Post). Trump's economic policies continue generating debate, particularly his tariffs impacting truckers and port workers (LA Times) and Warren Buffett's criticism that the U.S. shouldn't use "trade as a weapon" (CBS). Border policy tensions escalate with confrontations between Trump's border czar Tom Homan and critics, including Wisconsin's governor and AOC (Common Dreams, Fox News). Other coverage includes MIT's private strategy meeting about navigating Trump administration funding cuts (Boston Globe) and Diddy's upcoming trial beginning Monday (NBC News).
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All weekend, weโ€™re offering solidarity digital subs for $1, and print ones for $10. Subscribers get four beautiful new issues a year and access to our entire back catalog.
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The 2025 Met Gala theme, "Superfine: Tailoring Black Style," pays homage to the lesser-known style movement known as Black dandyism. We'll explain.
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18:09โ‡ขTrump Branding Opponents As Communists

โŒจThe newspapers report on Trump's combative rhetoric and legal battles. Trump is calling opponents "communists" (AP), threatening deportations without due process (Daily Beast), and posting controversial AI images (Fox News). Former federal workers are considering running against Republicans (Boston Globe) while scientists vow to create their own climate assessment after Trump ended the official one (Mother Jones). Border security remains contentious with reports of attempted child smuggling (OANN). The secretive tech company Palantir is gaining influence in the Trump administration (NPR), while a disturbing incident involving an 8-year-old allegedly stabbing a school staffer has prompted protests from NYC parents (NY Post).
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21:13โ‡ขBuffett Announces Retirement

โŒจThe newspapers report extensively on Warren Buffett announcing his retirement as Berkshire Hathaway CEO at year's end, recommending Greg Abel as his successor (CBS, NPR, NYTimes, AP News, OANN, HuffPost). At 94, Buffett also warned against Trump's trade policies during the annual shareholder meeting (NPR, NYTimes). Immigration tensions continue with Border Czar Tom Homan exploring action against Rep. Alexandria Ocasio-Cortez for allegedly obstructing immigration enforcement (Breitbart), while Trump faces criticism from Catholic bishops for mocking the Pope (Daily Beast). Other stories include Canadian consumers boycotting American products in response to Trump policies (USA Today) and a mysterious murder of a Cal State Northridge official at L.A. Live (LA Times).
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The 2025 Kentucky Derby has arrived with races and fashion at Churchill Downs. Here is how to watch the entire event with results, TV and odds.
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23:50โ‡ขSovereignty Wins Kentucky Derby

โŒจThe newspapers report on the Kentucky Derby, with Sovereignty winning the prestigious race (NY Post, USA Today). Trump continues to be a focal point, with controversy surrounding an AI picture of himself as Vatican leader that upset some Catholic supporters (Fox News, Daily Beast). Political coverage includes Republicans using an obscure law to roll back Biden-era regulations (NYTimes) and a law firm targeted by Trump securing a court victory (MSNBC). Other news includes severe thunderstorms causing power outages in Massachusetts (Boston Globe), a fatal plane crash in Simi Valley (LA Times), and the upcoming high-profile trial of music mogul Diddy starting Monday (NBC News).
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