Economy

Fed Shock: Fed Officials Forecast Higher Rates and Higher Inflation

The Fed says it expects tariffs will trigger higher inflation later this year. | Economy

Powell's Fed chair term ends 2026, Trump already seeking replacement: report

Trump is reportedly considering Treasury Secretary Scott Bessent among top contenders to replace Fed Chair Jerome Powell, who he has criticiz

Trump says he is open to extending an earlier July trade deal deadline

President Donald Trump indicates willingness to extend July 8 trade deal deadline for countries negotiating with the U.S., but he believes it

May CPI: Inflation ticked slightly higher on an annual basis last month

The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve

House GOP forms task force to push spending cuts after Musk's DOGE exit

The House's Republican Study Committee is forming a new task force to help get fellow GOP lawmakers on-message about the rescissions process.

Economists warn $4 trillion tax hike looms if 2017 tax cuts expire

Over 300 economists urged President Donald Trump and GOP leaders in Congress to extend the 2017 tax cuts to prevent a $4 trillion tax hike, w

U.S. Economy Added 139,000 Jobs in May Even As Government Employment Shrank

Jobs come in higher than expected again, as economists continue to underestimate the strength of the economy under Donald Trump. | Economy

Trump Agrees With Elizabeth Warren: Scrap The Debt Limit

President Donald Trump shared on Wednesday that he wants the debt limit "scrapped," which Sen. Elizabeth Warren (D-MA) has also called for.

U.N. Atomic Energy Agency Confirms El Salvador Taking First Steps Towards Nuclear Power

The International Atomic Energy Agency concluded a safety review of El Salvador's site selection process for its first nuclear power plant.

Trump's "Big Beautiful Bill" Passes the House

House Republicans have successfully passed Donald Trump 's multi-trillion-dollar 'big beautiful' tax bill in a major win for the president.

Musk says he's committed to leading Tesla for next 5 years

Billionaire Elon Musk said in an interview that he plans to remain as the leader of Tesla for the next five years amid his involvement with D

Senate unanimously codifies Trump's 'No Tax on Tips' policy

It's not just Trump allies championing this bill.

White House: Trump, Qataris Agree to $1.2 Trillion Economic Commitment

The White House announced the U.S. and Qatar have reached an agreement that will generate at least $1.2 trillion in economic exchange.

Trump speaks after $600 billion Saudi-U.S. investment announced

Trump's participation in the investment forum came after he signed a series of bilateral agreements with Saudi Crown Prince Mohammed bin Salm

Tariff receipts topped $16B in April, helped cut budget deficit

Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March.

What to know about Trump's plan to lower drug prices

President Donald Trump is looking to significantly cut the costs of prescription drugs for U.S. consumers, saying the nation will pay the "lo

Scott Bessent Announces 'Substantial Progress' in US-China Trade Talks

Treasury Secretary Scott Bessent said the Trump administration has made "substantial progress" in trade negotiations between U.S. and China.

Big Win for Trump: Carmaker Picks America

As President Donald Trump had hoped, carmakers are starting to shift gears on manufacturing.

Trump orders 100% tariff on foreign-made movies to save 'dying' Hollywood

U.S. President Donald Trump on Sunday announced a 100% tariff on movies produced outside the country.