CNN 5 Things SCOTUS Strikes Down Trump's Tariffs, GDP Snapshot, Massive Plains Fire and more
Feb 20, 2026
A major court ruling rejects presidential tariff authority and raises questions about billions in collected revenue. A sharp slowdown in GDP growth and weakening consumer spending get a quick update. British police advance a probe tied to a royal figure. Tensions rise over U.S. options on Iran and potential market effects. Massive wildfires scorch hundreds of thousands of acres on the Plains.
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Supreme Court Rejects Tariff Authority
- The Supreme Court ruled Trump's April tariffs illegal, shifting tariff power back toward Congress.
- The decision raises messy questions about reimbursing over $134 billion in collected tariffs and lower-court disputes are likely.
Economy Growth Losing Momentum
- U.S. GDP grew at an annualized 1.4% in Q4 2025, slowing sharply from 4.4% the prior quarter.
- Consumer spending stalled as inflation hit a 21-month high, with flat income growth and shrinking savings.
Prince Andrew Arrested In Misconduct Probe
- Police arrested and held former Prince Andrew for 11 hours on suspicion of misconduct in public office.
- The probe focuses on alleged passing of confidential government information to Jeffrey Epstein during his trade envoy tenure.