Trump commutes prison sentence of ex-GOP Rep. George Santos
Trump said he began thinking about Santos after being reminded of a controversy about Democratic Sen. Richard Blumenthal's military service…
Category: Economy
Army Corps of Engineers pausing $11 billion in projects over shutdown, Trump budget chief says
President Donald Trump and OMB Director Russell Vought have described the government shutdown as an "opportunity" to slash the federal…
China accuses U.S. of deliberately causing panic over rare earth controls, says it is open to talks
Beijing last week announced sweeping controls on rare earths ahead of an expected meeting between President Donald Trump and President…
U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.…
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expenses for companies is probably conservative. ...
Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street
Fears are mounting around the health of their lending businesses. ...
Asia markets rise, breaking ranks with Wall Street’s declines on renewed U.S.-China trade feud
Asia-Pacific markets were higher Wednesday, breaking ranks with Wall Street's declines after U.S. and China exchanged blows in a renewed…
Fed’s Powell suggests tightening program could end soon, opens door to rate cuts
Fed Chair Jerome Powell on Tuesday said the central bank is nearing a point where it will stop reducing the…