IRS Halts Layoff Plans
The IRS said late last week that it has halted plans to slash its workforce to 60,000, down from a headcount of about 100,000 at the beginning of the...
Trump Moves to Fire Fed Governor Lisa Cook
In a dramatic escalation of his campaign to gain more control over the nation's central bank, President Donald Trump announced Monday evening that he...
Trump’s Tariffs Will Cut Deficits by $4 Trillion Over 10 Years, CBO Says
President Trump’s increased tariffs will decrease U.S. government deficits by $4 trillion through 2035, according to newly revised projections by the...
Powell Opens the Door to a September Rate Cut
Concerned about growing risks in the labor market, Federal Reserve Chair Jerome Powell on Friday opened the door a bit wider to the first interest...
US and EU Announce a Framework for a Trade Deal
Over the last few weeks, President Trump has announced trade deals with a number of major trading partners, but details of the handshake agreements...
Trump Calls for Resignation of Biden-Appointed Fed Governor
President Donald Trump on Wednesday called for the resignation of Federal Reserve Governor Lisa Cook, after a Trump ally alleged she may have engaged...
Bessent Claims Tariff Revenues Will ‘Start Paying Down the Debt’
Treasury Secretary Scott Bessent said Tuesday that tariff revenues could be higher than expected this year, and the money collected could be used to...
Trump Hosts Zelensky, European Leaders for High-Stakes Talks
Ukrainian President Volodymyr Zelensky and seven other European leaders visited President Trump at the White House today, following Friday’s summit...
US May Take 10% Stake in Intel
The federal government is in talks to take a roughly 10% ownership stake in embattled American semiconductor giant Intel, according to White House...
Trump Picks Conservative Loyalist to Head Bureau of Labor Statistics
President Trump on Monday evening announced that he will nominate E.J. Antoni, an economist at the conservative Heritage Foundation and contributor to...