Economy & Markets
Fed policy, inflation, jobs, market trends, and fiscal analysis
371 articlesExpert analysis on market shifts, fiscal policy, and the economic indicators driving global and domestic prosperity.
Michigan Swing Voters Brace for Higher Prices Amid Trade Tensions With Canada
Cross-border shoppers in Detroit-area communities report rising costs for lumber, produce, and auto parts as trade barriers threaten regional supply chains.
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Jaguar Land Rover to Cut 4,000 Jobs to Reduce Costs and Compete With China
The UK's largest automaker targets £1.7 billion in savings over two years while investing in electrification to counter Chinese EV competition and US tariffs.
Marcus Webb
· 3 min
Jamaica Petitions King Charles to Refer Slave Trade Legal Questions to Privy Council
The first Commonwealth attempt of its kind asks the Judicial Committee to rule on whether Britain’s historical enslavement violated common and international law.
Marcus Webb
· 4 min
U.S. Tourism Groups Seek Canadian Visitors Amid Trade Tensions
Canadian overnight visits to the U.S. remain below 2024 levels as tariff disputes and political friction dampen travel demand despite new promotional campaigns.
Marcus Webb
· 4 min
Opinion: Comparing National Debt to Total Wealth Suggests Alternative Fiscal Path
A new analysis argues that measuring debt against national assets rather than annual income reveals capacity for spending without austerity or middle-class tax hikes.
Marcus Webb
· 3 min
DOJ Ordered to Freeze Antitrust Work With Canada as Trade Tensions Intensify
The directive halts cooperation on cases and policy engagement between the two countries' antitrust authorities amid escalating tariff disputes.
Marcus Webb
· 3 min
Ken Paxton's Financial Disclosures Appear to Violate Federal Ethics Law, Experts Say
ProPublica and Texas Tribune investigation found the Senate candidate failed to report rental income, underreported land value by up to $950,000, and omitted seven properties worth $5.2 million.
Marcus Webb
· 4 min
Fetterman Stood Up Disabled Veterans; Scoffed at Children's Hospital's Concerns: Report
The Wall Street Journal reports the Pennsylvania Democrat allegedly faked an illness to cancel a meeting with three disabled veterans nearly a year after dismissing funding concerns for a children's hospital.
Marcus Webb
· 4 min
Surprisingly Strong US Jobs Figures Fuel Rate Rise Bets
August payroll growth exceeded forecasts by 45,000, sending Treasury yields higher as investors price in potential Federal Reserve action.
Marcus Webb
· 3 min
Federal Judge Considers Whether to Extend Ban Against US Postal Service Mail Voting Changes
A federal judge is weighing whether to extend an existing ban on operational changes at the USPS that were implemented ahead of the 2024 election and have continued through ongoing litigation.
Marcus Webb
· 3 min
North Carolina Set to Mail Ballots as Legal Fight Over Mail Voting Restrictions Continues
The state will proceed with sending absentee ballots Friday despite an ongoing appeal of a federal judge's ruling on Trump administration voting restrictions.
Marcus Webb
· 3 min
Fed Governor Waller Muddies Outlook on Possible Rate Hike Later This Month
August inflation data due Sept. 11 will be decisive, with odds of a rate increase at the Fed's Sept. 15-16 meeting falling to roughly 50-50 after Waller's remarks.
Marcus Webb
· 4 min
ICE Officer Faces Federal Charges for Lying About Shooting of Venezuelan Immigrant
The DOJ case against the Texas-based agent marks one of the few times a federal immigration enforcement officer has faced criminal prosecution for actions during an encounter with a migrant.
Marcus Webb
· 4 min
Global Bond Yields Fall After Fed Governor Says He May Back Holding Rates Steady
Christopher Waller signals openness to maintaining current policy rate if inflation progress continues toward the Fed's 2 percent target.
Marcus Webb
· 3 min
Oregon Creates Six-Figure Position for Trans Inmate Services Amid $55 Million Budget Deficit
The gender-affirming care coordinator will earn between $78,000 and $115,000 annually as the Department of Corrections projects a significant shortfall heading into 2026.
Marcus Webb
· 4 min
Trump Gold Coins Sell Out Hours After Release at U.S. Mint
The one-dollar gold-colored collectibles, priced at $61 for a 25-coin roll, drew long lines online as the Trump administration promoted them as 'American History'
Marcus Webb
· 3 min
New Jersey Asks Supreme Court to Review Prediction Market Dispute
The move marks the first time this legal battle over regulatory authority has reached the nation's highest court.
Marcus Webb
· 4 min
NEA Faces Congressional Scrutiny as Senator Cassidy Questions Union's Federal Charter
The Senate HELP Committee chair released a report criticizing the 3 million-member union for financial activities and partnerships with progressive organizations, raising questions about its 1906 congressional charter.
Marcus Webb
· 4 min
Liberals Sweep Three Seats in Boost for Carney After Trade Tensions With US
The Liberal victories come as Canada and the United States remain locked in ongoing tariff disputes that have strained bilateral relations.
Marcus Webb
· 4 min
Oil Prices Shoot Up, Stocks Trend Downward as Middle East Flare-Up Ripples Into Markets
The escalation has pushed crude above $85 per barrel while the S&P 500 fell for a third consecutive session amid supply concerns.
Marcus Webb
· 4 min
Hosting G20 Meeting, Bessent Tries to Rally Allies on Iran as Tariffs Strain Ties
Treasury Secretary Scott Bessent is pushing for international support to isolate Iran through sanctions while facing diplomatic friction from U.S. tariff policies.
Marcus Webb
· 4 min
Treasury Department Denies Credentials to Reporters From NYT, WSJ, Bloomberg for G20 Meeting
The blocked journalists include Alan Rappeport of The New York Times, who has covered Treasury since 2017; the meeting includes discussions on Iran, sanctions, bond markets and inflation.
Marcus Webb
· 3 min
Inside Economic Warfare and the Fight to Dismantle Iran’s Financial Lifelines
Treasury's Operation Economic Outcast takes aim at banks enabling Tehran's sanctions evasion, with a proposed action against Banque Misr UAE branches that processed $1.8 billion for Iranian front companies.
Marcus Webb
· 4 min
NPR Politics Roundup: Trump Administration Tariff Moves, Voting Access Order, Kushner-Jeffries Meeting
The weekly politics digest covers escalating trade measures targeting multiple countries, a federal directive on mail-in voting access, and an unusual bipartisan discussion between former and current congressional leaders.
Marcus Webb
· 4 min
Warsh Raises Stakes for Fed's Next Meeting, and Other Takeaways From Jackson Hole Conference
The Fed chair opened the door to a September rate hike while noting that underlying inflation has not meaningfully improved despite some relief at the pump.
Marcus Webb
· 3 min
Federal Appeals Court Rules Nevada Can Regulate Prediction Markets as Gambling
The Ninth Circuit decision conflicts with an earlier Third Circuit ruling, raising the prospect of Supreme Court review.
Marcus Webb
· 4 min
Virginia Democrats Embed Provision in State Budget to Remove Final Confederate Statues From Capitol Grounds
The three statues depicting Stonewall Jackson, William Smith, and Dr. Hunter Holmes McGuire had stood on Capitol grounds for over a century before removal began Friday.
Marcus Webb
· 4 min
U.S. Targets Egyptian Bank's UAE Branches Under New Push for Iran's Economic Isolation
Treasury proposes rule cutting Banque Misr's Emirati operations from dollar system, marking first concrete action under Operation Economic Outcast.
Marcus Webb
· 3 min
Melissa Farris Indicted by Federal Grand Jury for Alleged WWII Memorial Vandalism in Washington, D.C.
The Kentucky woman faces up to 10 years in prison on charges of destroying a veterans' memorial and government property after allegedly spray-painting the monument with pink paint.
Marcus Webb
· 4 min
Fed Has 'Work to Do' if Price Rises Don't Ease for Americans, Warsh Says
Former Federal Reserve Governor Kevin Warsh warns that the central bank may need additional tools or strategies if inflation remains elevated.
Marcus Webb
· 4 min
Fed Chair Warsh Faces Pressure for Clearer Policy Signals at Jackson Hole Symposium
Economists and Wall Street investors have criticized the new chair's minimal forward guidance as inflation remains above the Fed's 2% target.
Marcus Webb
· 3 min
One of the World's Hottest Industries Is Sparking a Blue-Collar Jobs Boom
U.S. construction spending on industrial projects including data centers is projected to reach $684 billion by 2031, driving demand for electricians, concrete workers and heavy-equipment operators.
Marcus Webb
· 4 min
Treasury Designates Palestine Action as Terrorist Front Under Executive Order 13224
The designation targets a transatlantic network the administration says has funneled millions to Hamas and conducted violent attacks on U.S. defense infrastructure.
Marcus Webb
· 4 min
The White House's Preferred Economic Tools Are Hitting Snags
Tariff policies and trade measures championed by the administration face implementation challenges as economic indicators show mixed results.
Marcus Webb
· 4 min
Immigrant Business Owners Report Sanitation Fines After Criticizing Mamdani Supermarket Plan
Some business owners say the timing of NYC sanitation inspections suggests retaliation for their public opposition to the mayor's government-owned grocery initiative.
Marcus Webb
· 3 min
DOJ Seizes Domains Used by Chinese Hackers Who Breached Federal Agencies Including NASA, Federal Reserve
The operation targeted Justice Department, Senate and other sensitive agencies in what authorities describe as a state-sponsored campaign by China-based actors.
Marcus Webb
· 4 min
United Airlines Announces Largest International Expansion in Its Nearly 100-Year History
The Chicago-based carrier will introduce nonstop service to 10 new destinations across Europe and Asia next year, including cities like Okinawa, Toulouse, and Ibiza.
Marcus Webb
· 3 min
Canadian Trade Minister Says Reaching Deal With U.S. Is In Best Interest For Both Countries
Negotiations collapsed Friday over auto, steel and aluminum tariffs as both nations edge toward a trade war with retaliatory measures planned.
Marcus Webb
· 4 min
Canadians Say They Don't Seek Trade War But Will Not Be Bullied
Canadian officials have signaled they will retaliate against any new U.S. tariffs while seeking negotiated solutions to trade disputes.
Marcus Webb
· 4 min
Hillary Clinton Says Republicans 'Secretly Cheering' For Mark Carney Amid US-Canada Trade Tensions
The former secretary of state made the remarks Monday night as trade disputes between Washington and Ottawa continue to escalate.
Marcus Webb
· 3 min
Lutnick's Last-Minute Demands Derailed Canada Trade Talks: Reports
Commerce secretary's interventions in weeks-long negotiations led to breakdown, thrusting U.S. and Canada into trade war.
Marcus Webb
· 3 min
Of Debt and Deficits and the Dollar System
Economists and policymakers debate the sustainability of U.S. fiscal policy as national debt figures spark renewed discussion about long-term dollar stability.
Marcus Webb
· 4 min
Billionaire Investor Stanley Druckenmiller Criticizes Treasury Buyback Plan, Warns of Credibility Risks
Druckenmiller argues the Treasury Department's expansion of bond buybacks amounts to artificial market interference that could undermine investor confidence in U.S. debt.
Marcus Webb
· 4 min
Canadians Call New U.S. Tariffs 'Absolutely Ridiculous' As Trade Tensions Escalate
The measures have sparked widespread backlash across Canada, with politicians and business leaders warning of damage to the bilateral relationship.
Marcus Webb
· 4 min
Treasury Secretary Says Iran Faces 'Greatest Financial Offensive Ever'
The characterization comes as the US intensifies sanctions pressure on Tehran amid ongoing nuclear negotiations.
Marcus Webb
· 3 min
Research Finds More Than 150 Polymarket Wallets May Have Traded on U.S. Military Information
The findings raise concerns that prediction markets could inadvertently broadcast signals about classified activities to foreign adversaries.
Diane Park
· 3 min
Wisconsin's Crowley Navigates 'Moderate' Label Amid Progressive Policy Record as Governor Race Looms
The Milwaukee County executive, cast as the mainstream Democratic alternative to socialist Francesca Hong, has backed racial-equity budgeting tools and carbon-neutrality goals similar to his primary opponent's climate agenda.
Marcus Webb
· 4 min
Wisconsin Democratic Gubernatorial Nominee David Crowley Faces Scrutiny Over Policy Positions Labeled As Moderate
Milwaukee County executive who defeated progressive Francesca Hong in primary has embraced racial equity budgeting tools and carbon-neutrality goals similar to his opponent's platform.
Marcus Webb
· 4 min
Workers in China Adapt to AI's Growing Impact on Jobs as Some Face Displacement
About half of Chinese industrial enterprises now use AI, up from under 10% two years ago, reshaping the labor market.
Marcus Webb
· 3 min
Workers in China Navigate Job Anxiety as AI Reshapes the Labor Market
China's rapid AI adoption, backed by government policy, has pushed some workers out of jobs while others seek new opportunities using the same technology.
Marcus Webb
· 3 min
Vance Defends Canada Trade War During Maine Visit; Collins Skips Rally
The vice president's remarks come as Sen. Collins has emerged as a leading Republican critic of the administration's tariff policies against Ottawa.
Marcus Webb
· 3 min
Proposal Calls for State Department Economic Security Intelligence Reports to Counter China, Authoritarian Coercion
Advocates say annual reports would help the US identify and mitigate systemic economic risks from state adversaries, though critics question whether this duplicates existing intelligence efforts.
Marcus Webb
· 4 min
AOC's Modern Monetary Theory Ideas Continue Influencing Democratic Economic Debate
Progressive economic framework gaining traction among younger Democrats despite criticism from mainstream economists.
Marcus Webb
· 4 min
US-Canada Tariff Dispute Escalates as Businesses on Both Borders Sound Alarm over Trade War Fears
Small manufacturers and cross-border suppliers in Michigan, Ontario, and across the Great Lakes region warn that new tariffs could force layoffs and closures within months.
Marcus Webb
· 4 min
Inside the 72 Hours That Cratered the US-Canada Trade Deal
U.S. Trade Representative Jamieson Greer had been in intensive negotiations with Canadian officials for more than a week before talks broke down, according to reports.
Marcus Webb
· 4 min
Pence Says 'Last Thing' US Economy Needs Is Trade War With Canada
Former vice president warns American businesses and consumers bear the cost of tariffs as trade tensions with northern neighbor persist.
Marcus Webb
· 3 min
Collins Asks White House to Consider Negative Impact of Canada Trade War
The Maine Republican's comments put her at odds with some GOP colleagues as tariff disputes with Canada escalate.
Marcus Webb
· 3 min
U.S., Canada Trade Dispute Escalates as 50% Tariffs Take Effect; Sunday Shows to Preview Political Fallout
Canadian Prime Minister Mark Carney announced retaliatory measures during a Saturday press conference, matching Washington's tariff escalation in the ongoing trade dispute.
Diane Park
· 4 min
Federal Judge Strikes Down Rubio's 75-Country Visa Freeze, Calling It Orwellian
U.S. District Judge Jeannette Vargas ruled Secretary of State Marco Rubio exceeded his statutory authority by denying immigrant visas to applicants from designated countries who were otherwise eligible.
Marcus Webb
· 4 min
Week in Politics: Canada Trade Talks Collapse, U.S. Faces Economic Reckoning as National Debt Hits Record
Trade negotiations between the United States and Canada broke down this week while economic warnings intensified over federal spending and debt levels.
Marcus Webb
· 4 min
Former Acting US Attorney Andrew Haden Found Dead in San Diego Federal Building at 48
Police say no foul play is suspected following the discovery of the longtime federal prosecutor who served twice as acting head of the Southern District of California.
Marcus Webb
· 3 min
U.S. Imposes 50% Tariffs on $20 Billion Worth of Canadian Products
The sweeping trade measures target a wide range of Canadian exports, marking a significant escalation in U.S.-Canada trade tensions.
Marcus Webb
· 3 min
Fauci's Lawyers Launch Legal Defense Fund as Federal, State Investigations Mount Against Him
The defense fund comes as the Senate Homeland Security Committee held Fauci in contempt of Congress and multiple state attorneys general have opened inquiries.
Marcus Webb
· 4 min
Midwestern Voters Express Frustration Over Foreign Conflicts as Election Season Intensifies
Economic concerns tied to military commitments are shaping voter sentiment across key battleground states, polls show.
Marcus Webb
· 4 min
Polymarket Flags Dozens of Military Insider Trading Cases to DOJ: Report
The prediction market referred accounts showing suspicious trading patterns tied to classified or tightly held U.S. military operations for investigation.
Marcus Webb
· 3 min
Appeals Court Affirms Top Federal Prosecutor in Albany 'Not Lawfully Serving'
The 2nd Circuit upheld a lower court's disqualification of John Sarcone as acting U.S. attorney for the Northern District of New York, finding his appointment improper when he subpoenaed Attorney General Letitia James's office.
Marcus Webb
· 4 min
Canada 'Should Fight' as US Trade Deadline Looms, Manitoba Premier Says
Premier Kinew joins other Canadian officials calling for a coordinated response to potential American tariffs ahead of an approaching deadline.
Marcus Webb
· 4 min
Top Iran Official Says US Focus on Economic Warfare Shows Military Failure
Comment comes as tensions between Washington and Tehran remain elevated over nuclear program, regional influence.
Marcus Webb
· 4 min
Vance Says Bessent Has 'Very Discreet Plan' to Shrink $40 Trillion National Debt
Treasury secretary's strategy remains largely undisclosed as administration weighs economic growth approaches over traditional deficit reduction methods.
Marcus Webb
· 3 min
U.S. Debt Hits $40 Trillion as America's Borrowing Binge Continues
The milestone comes as annual deficits remain elevated and interest costs on the debt are projected to exceed defense spending by 2028, according to Congressional Budget Office forecasts.
Marcus Webb
· 4 min
Op-Ed Argues Fedorov's Call for Wartime Elections Represents Shift in Ukraine Leadership Dynamics
The Hill opinion piece frames Mykhailo Fedorov's push for legal wartime elections as a potential fracture between the former defense minister and President Zelensky.
Marcus Webb
· 3 min
Carney Asks for End to US Alcohol Ban, Province Leader Says, as Trade Deal Nears
The request comes as Washington and Ottawa continue negotiations on a broader bilateral trade agreement that could reshape cross-border commerce.
Marcus Webb
· 3 min
UAE Cuts Off Trade with Iran After Missiles Detected in Waters
The decision marks a significant escalation as the UAE detected two missiles fired from Iranian territory that landed in regional waters.
Marcus Webb
· 4 min
US National Debt Surpasses $40 Trillion After Doubling Over Past Decade
The milestone comes as Congress continues to debate spending levels and fiscal sustainability, with the debt now exceeding annual GDP.
Marcus Webb
· 4 min
Treasury Department to Double Debt Buybacks After Bond Yield Spike
The move allows Treasury to repurchase more long-term securities in the 10-to-20-year and 20-to-30-year sectors as yields have risen this year.
Marcus Webb
· 3 min
Ted Cruz Criticizes Nike Stock as It Hits 12-Year Low
The Texas senator pointed to a 2019 decision to cancel a Betsy Ross-themed shoe, saying it showed the company's marketing was rooted in "America-hate."
Marcus Webb
· 3 min
Sanders to Introduce Bill to End Social Security Garnishment for Student Loan Debt
The Stop Social Security Garnishment Act of 2026 would bar the Education Department from reducing retirement or disability benefits to collect unpaid student loans.
Marcus Webb
· 4 min
U.S. and Canada Hold Last-Minute Negotiations to Prevent Trump's 50% Tariffs
Prime Minister Carney confirmed active negotiations Monday as both sides race against a midnight Wednesday deadline affecting $20 billion in Canadian exports.
Marcus Webb
· 4 min
Republican Challenger John Nagel Takes Aim at Rep. Ilhan Omar in Minnesota's Deep Blue 5th District, Citing Fraud Concerns
Nagel, a 30-year state trooper, won the GOP primary and argues voters are ready for change after fraud scandals rocked the district.
Marcus Webb
· 4 min
Bessent Makes the Economic Case for Deportations
Treasury Secretary argues immigration enforcement could reduce fiscal pressures, drawing support from some economists while facing skepticism from others.
Marcus Webb
· 4 min
Federal Judge Clears Path for Border Wall Construction in Arizona
The ruling allows construction on Tohono O'odham Nation land, citing a 1907 presidential proclamation giving the federal government authority over the first 60 feet near international boundaries.
Marcus Webb
· 4 min
Kalshi Accuses Nevada Gaming Regulator of Violating Federal Law in Geofencing Dispute
The prediction market operator's legal challenge comes after state prosecutors argued the firm failed to implement required geofencing measures by Aug. 12.
Marcus Webb
· 3 min
GSA Finds China-Made Tech Labeled 'Made in USA' in Federal Procurement Program, Orders Sweeping Review
The agency discovered multiple examples of AbilityOne-associated products listed as American-made that originated from foreign countries including China.
Marcus Webb
· 4 min
Federal Agents Surveilled Minnesota Unions in Hunt for Antifa Conspiracy Case
Homeland Security investigators sought evidence that labor organizations were financing domestic terrorism through an alleged Antifa connection, according to federal records.
Marcus Webb
· 4 min
Wall Street-Affiliated Donors Freeze Millions in Charity Funds as Oversight Questions Mount
Three nonprofit sponsors controlling $327 billion in charitable assets made opaque decisions to halt donations to the Southern Poverty Law Center after federal charges, raising questions about consistency and accountability.
Diane Park
· 4 min
Donor-Advised Fund Giants Face Scrutiny Over Opaque Decisions to Block Charity Grants
Three nonprofit sponsors controlling $327 billion in assets made unilateral decisions to cut off the Southern Poverty Law Center amid federal charges, raising questions about consistency.
Marcus Webb
· 4 min
Marco Rubio Receives 68-Job Meme Collage as White House Birthday Gift
The collage, presented for Rubio's 55th birthday, features the viral 'Rubio realizing' meme in dozens of fictional roles from astronaut to ayatollah.
Marcus Webb
· 3 min
Grassley, Whitehouse Jointly Blast Treasury Rule Exempting Most Entities From FinCEN Reporting
The bipartisan pair of senators warned the decision undermines transparency requirements for identifying shell company owners.
Marcus Webb
· 3 min
Luigi Mangione Expected to Plead Guilty in Federal Stalking Case Over CEO Killing
Federal plea could trigger double jeopardy arguments that derail the state murder case set for trial Sept. 8.
Marcus Webb
· 4 min
China's First Arctic Container Voyage to Europe Launches From Ningbo Port
The 35,000-ton Dubai Tower vessel began a 7,500-mile journey through the Bering Strait on Friday, marking what analysts describe as a potential milestone for Northern Sea Route shipping.
Marcus Webb
· 3 min
Unearthed Interview Exposes Sen. Ossoff's Past Support for Reparations
The Georgia Democrat, now in a competitive re-election race, said in 2019 that 'there is a debt unpaid' regarding slavery and its aftermath.
Marcus Webb
· 4 min
Treasury Department Repeals Biden-Era Beneficial Ownership Reporting Requirement for US Businesses
The rule required companies to disclose ownership information to FinCEN and had faced legal challenges from business groups.
Marcus Webb
· 3 min
Eli Lilly Sues Six Entities Over Alleged Black Market Sales of Experimental Weight-Loss Drug Retatrutide
The pharmaceutical giant targets compounding pharmacies, medical spas and online sellers accused of illegally distributing its unapproved GLP-1 medication.
Marcus Webb
· 3 min
France Bans Unsolicited Telemarketing Calls Under New Law With Fines Up to €375,000 per Violation
The opt-in system replaces France's previous opt-out approach and could affect up to 50,000 jobs in Morocco's call center industry.
Marcus Webb
· 4 min
Medicare for All Proposals Face Economic Trade-offs That Both Sides Are Debating
Economists and policy analysts say the proposal would require either higher taxes or reduced provider payments, with implications stretching across employment, insurance markets, and healthcare access.
Marcus Webb
· 4 min
Medicare-for-All Proposals Face Scrutiny Over Tax Increases, Provider Payments and Private Insurance Role
Conservative economists argue the policy would require substantial federal revenue increases or provider payment cuts, while progressive supporters say it eliminates costly insurance middlemen.
Marcus Webb
· 4 min
World Central Banks Signal Record Interest in Gold Reserves as Geopolitical Tensions Rise
A new World Gold Council survey found that 89% of central banks expect global gold reserves to grow over the next year, with a record 45% planning to add to their own holdings.
Marcus Webb
· 4 min
Smithsonian's Billion-Dollar Federal Budget Under Scrutiny as Trump Administration Proposes Cuts
The institution overseeing 21 museums and the National Zoo has received more than $1 billion annually in taxpayer funding, though budget requests have fluctuated over recent years.
Marcus Webb
· 3 min
Khanna Argues Economic Concerns Driving Far-Left Primary Victories
The California Democrat cites voters' struggles with gas, food, and home prices as fueling a series of progressive House primary wins.
Marcus Webb
· 3 min
More Than 25,000 Immigrant Children Lose Legal Protections as Federal Contract Ends
The lapse removes guaranteed access to attorneys for unaccompanied minors facing immigration court proceedings.
Marcus Webb
· 3 min
Federal Government Proposes Colorado River Water Use Cuts for California, Arizona and Nevada
The proposal would reduce water withdrawals from the drought-stricken river that serves 40 million people across seven states.
Marcus Webb
· 4 min
US Economic Growth Sees Surprise Slowdown in Second Quarter
The unexpected contraction comes amid mixed signals from consumer spending and business investment as policymakers weigh their next moves.
Marcus Webb
· 3 min
U.S. and Iran Trade Missile Barrages as Hopes Dim for Quick Resolution to War
Five months of conflict have closed the Strait of Hormuz, spiked fuel prices, and raised concerns about depleting U.S. weapons stockpiles.
Marcus Webb
· 4 min
US Navy Plans Major Torpedo Stockpile Overhaul As Military Shifts to Two-War Strategy
The $1.48 billion to $1.58 billion cost of defending Israel and Al Udeid Air Base during the recent Iran conflict has highlighted gaps in U.S. munitions stockpiles.
Marcus Webb
· 4 min
Hawley Introduces Bill to Block Federal Employees from Accepting Cash Prizes After Fauci Controversy
The legislation targets loopholes that allowed NIH Director Anthony Fauci to collect over $1 million in awards during the COVID-19 pandemic, per public records cited by Hawley.
Marcus Webb
· 4 min
Hadi Matar Found Guilty in Federal Terrorism Case Tied to Salman Rushdie Stabbing
The 28-year-old New Jersey man was convicted of attempting to provide material support to Hezbollah, four years after the attack on the author.
Marcus Webb
· 4 min
FED Holds Interest Rates Steady at 5.25%-5.50% Range as Powell Says There's 'No Magic Wand' for Inflation
The Federal Reserve's decision marks the fourth consecutive meeting without a rate change, leaving borrowing costs near their highest level in 23 years.
Marcus Webb
· 4 min
Diminished Stockpiles May Force US, Allies to Take More Risks With Interceptors: Analysis
Patriot interceptor inventory fell from 2,330 before recent fighting to less than half that number, raising concerns about military readiness.
Marcus Webb
· 4 min
Republican Congressman Describes Gang Violence in Haiti After Congressional Delegation Visit
Rep. Brian Mast said he witnessed severe violence during the first congressional delegation to Haiti in a decade, including accounts of gang torture and kidnapping of U.S. citizens.
Marcus Webb
· 3 min
Fed Interest Rate Vote Poses a Test for Warsh as Iran War, Tariff Push Send Prices Higher
The Federal Reserve's upcoming rate decision comes amid heightened geopolitical tensions and trade policy pressures that have contributed to rising inflation concerns.
Marcus Webb
· 4 min
Chip Stocks Slide in US and Asia as AI Jitters Rattle Investors
Semiconductor indices fall sharply amid concerns that artificial intelligence investments may not deliver returns as quickly as markets had anticipated.
Marcus Webb
· 4 min
Minnesota Prediction Market Ban Paused by Federal Judge Days Before Rollout
U.S. District Judge Katherine Menendez ruled that the Trump administration, Kalshi and Polymarket are likely to prevail in arguing the state ban is pre-empted by federal law.
Marcus Webb
· 3 min
Mamdani Officials Say NYC-Owned Grocery Stores Won't Include Butchers or Hot Food Counters as Critics Question Viability
The five planned stores, budgeted at more than $70 million in public funds, will operate without features standard to most supermarkets, according to Economic Development Corporation officials.
Marcus Webb
· 3 min
Waltz Blames Biden for Depleted Stockpiles but Says US Military Has Everything It Needs
UN Ambassador Mike Waltz acknowledged munitions depletion while defending current military readiness in Sunday interview.
Marcus Webb
· 3 min
Ambassador Mike Waltz Dismisses Concerns Over Depleted U.S. Weapons Stockpile Amid War With Iran
The national security advisor pushed back against reports suggesting American military supplies have been strained by ongoing operations against Tehran.
Marcus Webb
· 4 min
Public Media Organizations Adapt After Federal Funding Cuts as Donor Support Surges
PBS, NPR and local stations have turned to private donations and operational restructuring after losing federal support, with 'rage-giving' emerging as a fundraising phenomenon.
Marcus Webb
· 4 min
U.S. Sets New Tariffs on Dozens of Countries as Temporary Duties Expire
The administration imposed levies on roughly 60 nations, citing concerns over forced labor practices in foreign supply chains.
Marcus Webb
· 4 min
US Hits Dozens of Trading Partners With New Wave of Tariffs
The administration announces sweeping tariff measures targeting multiple countries, marking a significant escalation in trade policy.
Marcus Webb
· 4 min
US Announces Fresh Raft of Tariffs on Overseas Goods
The administration targets multiple trading partners with new import levies, marking an escalation in ongoing trade policy shifts.
Marcus Webb
· 4 min
U.S. Filings for Unemployment Aid Fall to 187,000 Last Week, Fewest Since 1969
The historically low weekly jobless claims come as June hiring slowed to just 57,000 jobs and major companies including Microsoft announced significant workforce cuts.
Marcus Webb
· 3 min
Subcontractor Alleges Unpaid Bills for Obama Presidential Center Work, Filed $1.72M Mechanic's Lien
Mike Owen of Adamson Plumbing Contractors says he is owed nearly $4 million and laid off 25 workers after a missed $100,000 payment disrupted his business operations.
Marcus Webb
· 3 min
House Passes Pentagon Funding and Limits on Stock Trades Before Recess
The package includes roughly $895 billion in defense spending alongside a provision barring members of Congress from trading individual stocks while in office.
Marcus Webb
· 4 min
The Battle for Congress Gets a Wall Street-Style Scoreboard Powered by Real-Money Bets
Kalshi launches Midterms Hub as prediction markets increasingly rival traditional polling in tracking election odds
Marcus Webb
· 4 min
Prediction Markets Emerge as New Tool for Tracking Congressional Races
Kalshi launches midterms hub combining real-money trading odds with polling data and fundraising figures, raising questions about market influence on election forecasting.
Marcus Webb
· 3 min
Arson Charge Lodged Against Ex-Army Soldier in Fiery Attack on Manhattan Federal Building
The case remains in early stages, with court documents outlining the specific charges but details still emerging.
Marcus Webb
· 4 min
States Want to Bring Medicaid Behind Bars as Federal Changes Complicate Efforts
A wave of state legislation seeks to extend Medicaid coverage to incarcerated individuals, but recent federal policy shifts are creating new obstacles for these initiatives.
Marcus Webb
· 4 min
House Adopts Biggs Amendment to Cut Defense Budget If Pentagon Fails Audit
The Republican measure would trigger a 0.5% spending reduction for any Pentagon component that does not pass its audit, adopted via voice vote Tuesday.
Marcus Webb
· 3 min
Wisconsin Election Officials Warn Prediction Market Bettors Could Lose Voting Rights
The state Election Commission says residents who place bets on elections they participate in face legal consequences including potential loss of ballot casting rights.
Marcus Webb
· 3 min
Elite Universities Face Federal Scrutiny Over $27.6 Million From China-Linked Entities
The Education Department reports dozens of institutions received funds from foreign entities on federal watchlists, prompting warnings about potential grant restrictions.
Marcus Webb
· 3 min
Fox News Power Rankings: Voters Say They're in Economic Pain, but Will Democrats Gain?
A majority of Americans disapprove of President Trump's handling of the economy as Democrats seek to capitalize on voter discontent heading into the midterms.
Marcus Webb
· 4 min
Colombia's Petro Urges Supporters to Defend Reforms in Final Presidential Address
Outgoing left-wing president called for mass mobilization against incoming administration's planned labor law changes as he accused foreign powers of election interference.
Marcus Webb
· 4 min
Teamsters Push for Mexican Beer Tariffs as Union Cites Threat to U.S. Brewery Jobs
The International Brotherhood of Teamsters has filed formal recommendations with the USTR seeking up to 75% tariffs on imports like Modelo and Corona, arguing Mexico's industrial policies have unfairly advantaged its brewing sector.
Marcus Webb
· 4 min
Mamdani Embraces Democratic Socialist Identity While Insisting Wall Street Has Nothing to Fear
The NYC mayor argues his economic vision reflects FDR's New Deal roots even as he pushes for higher taxes on the city's wealthiest residents.
Marcus Webb
· 4 min
What's Really Behind America's Male Recession?
University of Connecticut researchers argue declining labor force participation stems from childhood expectations about work rewards, not just job availability.
Marcus Webb
· 4 min
ICE Resumes Vehicle Stops After Trump Reversal, Citing Effectiveness in Targeting
The agency paused traffic stops following a second officer-involved shooting in Maine before the president overruled guidance Wednesday.
Marcus Webb
· 4 min
GOP's $95B Defense Package Survives Critical Hurdle amid Fiscal Hawk Revolt
House Budget Committee passes framework on party-line vote, but conservative members threaten to block floor action over lack of spending offsets.
Marcus Webb
· 4 min
Trump Media Launches Truth API for Wall Street Early Access
The paid data feed would give investment firms real-time access to posts from the platform's highest-ranking accounts, raising questions about information equity.
Marcus Webb
· 4 min
Economists Debate Faster Growth as Solution to America's Mounting Debt Crisis
Policy experts weigh proposals targeting 3.5% GDP growth through infrastructure and immigration reform against calls for immediate spending cuts.
Marcus Webb
· 4 min
Billions in Taxpayer Income Are Leaving California, New York as Americans Relocate to Lower-Tax States
IRS data show the 10 counties with the largest net losses of taxpayers were all located in California and New York, with departing filers taking nearly $1.9 billion from Los Angeles County alone.
Marcus Webb
· 4 min
Budget Consequences of Graham's Sudden Departure
The departure of Senator Lindsey Graham from the Senate Budget Committee has created procedural complications for Republican fiscal priorities, with implications for reconciliation efforts and committee assignments.
Marcus Webb
· 4 min
Congresswoman Dina Titus Urges CFTC to Close Regulatory Loophole on Prediction Markets
The Nevada Democrat argues that platforms like Kalshi exploit a gap by labeling event contracts as financial derivatives, bypassing state consumer protections.
Marcus Webb
· 3 min
Maine Sen. King Says Feds Lack Credibility, Locals Need Role in ICE Shooting Investigation
The independent senator called for body cameras, independent oversight, and an end to vehicle pursuit quotas following the fatal shooting of a 26-year-old Colombian national in Biddeford.
Marcus Webb
· 4 min
Manhattan Luxury Real Estate Market Slows as Mamdani Pied-à-Terre Tax Takes Effect
Brokers report just one trophy home above $10 million entered contract last week, citing mayor's rhetoric and new tax spooking affluent buyers.
Marcus Webb
· 3 min
Can American Economics Change?
Economists and policymakers debate whether the U.S. can fundamentally shift its approach to trade, tariffs, and fiscal policy under current leadership.
Marcus Webb
· 4 min
Qatar Investment Authority Vetoes Volkswagen-Rafael Deal, Jeopardizing 2,300 German Jobs
The QIA, holding 17% of VW voting rights as third-largest shareholder, blocked a partnership to manufacture Iron Dome components at the automaker's struggling Osnabrück plant.
Marcus Webb
· 4 min
Lawmakers Question Whether 'Adult' Game Labeling Misleads Consumers, Parents
Critics argue that the broad categorization conflates crude humor with mature content, while industry defenders say labeling decisions fall to manufacturers.
Marcus Webb
· 4 min
Prediction Market Users Wager Nearly $200 Million on Midterm Elections
NBC News analysis of 1,408 open markets on Kalshi and Polymarket reveals scale of political betting ahead of November contests.
Marcus Webb
· 3 min
Innovation, Data Fixes Fuel Native American Graduation Gains at Federally Funded Schools
Graduation rates at Bureau of Indian Education schools climbed from roughly 50% in 2015 to a record 79% by 2025, though tribal leaders warn that federal changes could threaten progress.
Marcus Webb
· 4 min
Apple Sues OpenAI Over Alleged Trade Secret Theft, Filing Claims Ex-Employees Stole Product Designs
The lawsuit filed in federal court alleges a coordinated scheme to steal iPhone maker's manufacturing and supply chain secrets for ChatGPT-maker's benefit.
Marcus Webb
· 3 min
Americans Discover Streaming Fragmentation Mirrors Cable Frustrations
Industry data shows 7 of the top 10 programs in the 2025-2026 season were streaming-exclusive, as consumers face multiple subscription bills.
James Callahan
· 4 min
Costco Discontinues Award-Winning Kirkland Signature Craft Beers, Fans React
The retailer's decision to end sales of the Helles Lager and Vintage Ale, co-branded with Oregon-based Deschutes Brewery, marks a shift in Costco's private-label beer strategy.
Marcus Webb
· 3 min
Vance Outlines Federal Antifraud Efforts From Wisconsin
Vice president, serving as administration's 'fraud czar,' addresses social service and healthcare fraud priorities during Milwaukee visit.
Marcus Webb
· 4 min
Mourners Greet Khamenei Funeral Procession in Iraq as US, Iran Trade Strikes
Thousands gather in Najaf to honor Iran's late supreme leader while tensions between Washington and Tehran escalate with military exchanges.
Marcus Webb
· 4 min
Trump Administration Moves to Expand Investment Options in 401(k) Plans, Raising Accountability Questions
The Department of Labor under Daniel Aronowitz is rewriting fiduciary standards that protect workers from costly or poorly performing investment options.
Marcus Webb
· 5 min
Australian Lawful Permanent Resident Charged With Illegally Voting in 2 Federal Elections
Denise Nataly Migliore allegedly falsely claimed U.S. citizenship to register and vote in Louisiana's 2022 and 2024 federal elections, facing up to five years in prison if convicted.
Marcus Webb
· 3 min
Treasury Scraps Plans to Put Harriet Tubman on $20 Bill
The reversal halts an initiative first announced during the Obama administration that had faced years of delays and political debate.
Marcus Webb
· 3 min
Justices Kagan, Barrett to Testify Before Congress on Supreme Court Budget
The two justices will appear before the House Appropriations Subcommittee on July 14, marking a notable instance of direct judicial testimony on funding matters.
Marcus Webb
· 3 min
America Is Already Locking Up Toothpaste, and the Mass Layoffs Have Barely Started
Economists and policymakers debate how automation will reshape blue-collar employment as technology accelerates
Eleanor Cross
· 4 min
Federal Crime Task Force in Memphis Surpasses 10,000 Arrests in Nine Months
The Memphis Safe Task Force has made approximately 10,600 arrests since deployment, including the rescue of a 14-year-old girl from an alleged trafficking situation last week.
Marcus Webb
· 3 min
Ankara Markets Drones, Air Defense to States Looking to Reduce Reliance on U.S. Weapons
Turkey hosts largest defense industry forum in NATO history as allies seek alternatives to American-made weaponry.
Marcus Webb
· 3 min
Dallas Fed Working Paper Examines Immigration Surge and Housing Costs
The research estimates that approximately 7 million unauthorized arrivals from 2021 to 2024 affected local labor markets while pushing home prices up significantly.
Marcus Webb
· 3 min
NYC Budget Allocates $7 Million for Trans Equity Programs as Veterans Services Face $1 Million Cut
The city's $126 billion spending plan includes $40,000 for Drag Story Hour programs while the Department of Veterans' Services budget drops more than 13 percent.
Marcus Webb
· 4 min
Nasdaq Falls After June Hiring Report Misses Expectations
Technology stocks led declines as investors weighed signs of slowing labor market growth against broader economic data.
Marcus Webb
· 4 min
Federal Judge Blocks Virginia Law Prohibiting ICE Agents From Wearing Masks on the Job
Judge Robert Payne ruled the state's attempt to restrict federal immigration officers violates the Constitution's Supremacy Clause, siding with the Trump administration in a pre-enforcement challenge.
Marcus Webb
· 3 min
Corning Partners With NVIDIA to Create 3,000 Jobs as AI Infrastructure Demand Surges
Corning's partnership with NVIDIA to build three advanced optical manufacturing facilities is expected to create more than 3,000 jobs across North Carolina and Texas.
Marcus Webb
· 4 min
America's Favorite Beers and the Jobs Tied to Them Are at the Center of a Brewing Trade Fight
A new economic report argues that tariffs on Mexican beer would backfire by hurting U.S. distribution, retail and hospitality workers.
Marcus Webb
· 3 min
Cuban Official Says U.S. Talks at Standstill Despite Free-Market Reforms
The announcement comes as Cuba faces mounting economic pressure from renewed sanctions and an energy embargo imposed by President Trump in January.
Marcus Webb
· 4 min
New Legal Precedent Could Shift Liability for Social Media Platforms in Child Safety Cases
Courts are examining whether platforms bear responsibility when minors are exploited through their services, with rulings potentially reshaping industry practices.
Marcus Webb
· 3 min
Luigi Mangione Returns to Federal Court as Jury Selection Plans Take Shape
The accused killer of UnitedHealthcare CEO Brian Thompson faces separate state and federal prosecutions, with his defense warning that extensive media coverage could compromise jury impartiality.
Marcus Webb
· 4 min
Church Members Across Political Spectrum Unite to Eliminate Medical Debt in North Carolina
Trinity Moravian Church's latest campaign raised $17,000 and retired more than $2.2 million in debt for local residents.
Marcus Webb
· 4 min
Senators Debate Federal Role in Regulating Online Sports Gambling
A Senate Commerce subcommittee hearing examined sports integrity concerns as 39 states and DC have already legalized the practice under their own rules.
Marcus Webb
· 4 min
Apple Increases Prices for Macs and iPads, Citing Memory Chip Shortage Fueled by AI Demand
Entry-level MacBook Neo rises from $599 to $699 while analysts warn iPhone prices could increase by up to $200 later this year.
Diane Park
· 3 min
Federal Government Lifts Export Ban on Anthropic's Mythos 5 Model
Commerce Secretary Lutnick permits over 100 companies to access the advanced AI model, reversing June restrictions amid security review.
Marcus Webb
· 3 min
Consumer Advocates Sue Polymarket Over Alleged Fake Bets, Secret Ads Targeting Students
The National Association of Consumer Advocates filed the complaint Friday in D.C. Superior Court, alleging the betting platform ran a deceptive marketing campaign targeting young people.
Marcus Webb
· 3 min
New York City Allocates $15 Million For Gender-Affirming Healthcare Initiatives Amid Federal Clash
Mayor Mamdani frames the taxpayer-funded package as a defense against federal efforts to restrict gender-affirming care, with city officials preparing for potential litigation.
Marcus Webb
· 4 min
GOP Fiscal Hawks Largely Unmoved by Hegseth's Defense Dollars Pitch
The $87.6 billion Iran supplemental and $1.5 trillion in combined defense requests face resistance from Republican budget conservatives demanding offsetting cuts.
Marcus Webb
· 4 min
Federal Officials Plan to Offload Some Warehouses Purchased for Immigrant Detention
Immigration and Customs Enforcement is retreating from a plan to hold up to 10,000 detainees at single sites, scrapping $1 billion in warehouse purchases amid legal challenges and infrastructure concerns.
Marcus Webb
· 4 min
Prediction Markets Face Scrutiny Over Marketing Practices as Regulatory Window Remains Open
Critics say platforms like Polymarket are exploiting the gap between advertising claims and actual products during a period of favorable federal oversight.
Marcus Webb
· 4 min
Polymarket Launches Investigation After Wall Street Journal Report on Deceptive Marketing Practices
The prediction market platform says it is auditing its promotional content after an investigation alleged creators were paid to produce videos showing $1.9 million in fake winnings.
Marcus Webb
· 3 min
After Losing Jobs for Posting About Charlie Kirk's Assassination, Some Receive Six-Figure Settlements
Reuters documented more than 600 public employees who faced consequences for social media posts about the conservative activist shot in September 2025.
Marcus Webb
· 5 min
Texas Gov. Abbott Says State Will Seek Federal Reimbursement for Border Security Costs Incurred During Biden Administration
The move opens a new chapter in ongoing disputes over who bears responsibility for border enforcement expenses, with Texas seeking billions.
Marcus Webb
· 4 min
Fed Holds Rates Steady at 3.5% to 3.75%, Warsh Breaks With Colleagues on Projections
Inflation hit a three-year high of 4.2 percent in May amid energy shocks from the Iran war, complicating the central bank's rate decisions.
Marcus Webb
· 3 min
Influential Former Fed Chair Alan Greenspan Dies at 100
Greenspan led the Federal Reserve for nearly two decades, shaping monetary policy through multiple economic crises from the dot-com boom to the 2008 financial turmoil.
Marcus Webb
· 4 min
Poll: 44% of Americans Say Election Betting Should Be Illegal as Prediction Markets Explode
The POLITICO Poll conducted by Public First finds a majority would not consider using prediction markets despite nearly $700 million already wagered on 2028 presidential race.
Marcus Webb
· 3 min
College Student Posted Videos of $410,000 in Polymarket Wins That Never Happened, WSJ Reports
Wall Street Journal investigation found George Makihara staged the betting videos to build a social media following around prediction market content.
Marcus Webb
· 3 min
Curaçao Uses World Cup Spotlight to Court American Investors at Kansas City Conference
The Caribbean island of roughly 158,000 people is leveraging its historic World Cup qualification to attract foreign investment in energy, logistics, and hospitality sectors.
James Callahan
· 3 min
Cuba Passes Sweeping Free-Market Reforms in Biggest Economic Shift Since Revolution
The 176 measures include private business expansion, private banking authorization and fast-food chain permits—but analysts say U.S. sanctions could render many of them ineffective.
Marcus Webb
· 4 min
Former Rep. Elaine Luria Reverses Stance on Congressional Stock Trading Ban in Virginia Comeback Bid
The Democrat, who once called stock trading restrictions 'bull----,' now says she will support the STOCK Act as she competes for a competitive House seat.
Marcus Webb
· 4 min
Sen. Slotkin to Introduce Bill Barring Presidents From Deploying Troops or Armed Federal Agents at Polling Sites
The legislation, backed by five Democratic senators from battleground states, would require congressional approval before armed forces could be sent to defend polling places.
Marcus Webb
· 4 min
"Something Big": Feds Reveal How Relatives of Suspects in Foiled White House UFC Plot Saw Warning Signs
Bryan Omar Roa, 24, and Tycen Proper, 19, were charged with federal crimes after authorities say family members reported concerns about online communications and weapons stockpiles.
Marcus Webb
· 4 min
Massachusetts Senate Candidates Trade Sharp Attacks in Fiery Debate as Incumbent Markey Skips Event
Rep. Seth Moulton and Republican John Deaton clashed over Trump, immigration and foreign aid during the Tuesday night debate that the incumbent did not attend.
Marcus Webb
· 4 min
House Bill Would Strip Federal Funding From Colleges With Alleged Ties to Chinese Communist Party
The Espionage Protection Act would revoke funding for intelligence programs at universities maintaining relationships with CCP-tied organizations, targeting the Confucius Institute and research partnerships.
Marcus Webb
· 4 min
Federal Government Asks Judge to Stop Evanston Black Reparations Program in Constitutional Challenge
The DOJ is intervening in a 2024 lawsuit against the Illinois city's program, which uses marijuana tax revenue to compensate descendants of residents who faced housing discrimination.
Marcus Webb
· 4 min
15 Antifa Members Indicted, 12 Arrested in Federal Probe Into Minneapolis Anti-ICE Operations
The 94-page complaint alleges the group Direct Action Minnesota Network coordinated street blockades, vehicle tracking and surveillance against federal immigration officers using encrypted Signal chats.
Marcus Webb
· 4 min
Colorado Reverses Anti-ICE Certification Requirement for Court E-Filing System After GOP Opposition
Gov. Jared Polis signed House Bill 26-1276 creating a carveout for attorneys after the requirement drew fire from Republican lawmakers and a potential First Amendment lawsuit.
Marcus Webb
· 3 min
Feds Charge 15 in Minneapolis Over Alleged Plots to Interfere With ICE Operations
The indictment marks the most significant federal enforcement action yet tied to a wave of Minnesota protests against Trump administration immigration policy.
Marcus Webb
· 4 min
Federal Judge Apologizes to Former Clerk Amid Impeachment Push in Congress
Reps. Clyde and Fuller, both Georgia Republicans, have filed separate impeachment resolutions against U.S. District Judge Eleanor Ross.
Marcus Webb
· 4 min
Feds Suspend LAHSA From Receiving Federal Money, Citing Financial Mismanagement
The suspension marks a significant escalation in federal oversight of California's largest homeless services agency, which administers hundreds of millions annually.
Marcus Webb
· 4 min
SpaceX IPO Opens at $150 Per Share After Record $75 Billion Offering
Elon Musk becomes world's first trillionaire with 42% stake as more than 4,000 employees become millionaires through company's stock program.
Marcus Webb
· 3 min
U.S. Trade Representative Says Tariff-Jumping Proves Policy Is Working. Economists Say Not So Fast.
Georgetown professors argue that companies relocating production to avoid tariffs is a mechanism, not evidence of economic success for American consumers.
Marcus Webb
· 4 min
Tech Companies Invest in Skilled Trades Training Amid Shortage Warnings
Meta's $115 million workforce academy and broader industry initiatives aim to fill an estimated 2.1 million unfilled skilled trades jobs by 2030.
Marcus Webb
· 4 min
DOJ Sues Virginia Over Laws Restricting Federal Agents as Mask, Immigration Disputes Escalate
The lawsuit targets two Spanberger-signed measures set to take effect July 1 that the DOJ says violate the Supremacy Clause and threaten officer safety.
Marcus Webb
· 4 min
Federal Government Will Pay North Dakota $28 Million to Settle Dakota Access Pipeline Protest Policing Lawsuit
The settlement resolves a years-long dispute over law enforcement costs during 2016-2017 demonstrations that involved 761 arrests and 178 agencies.
Marcus Webb
· 4 min
NYC Budget Chief Briefs Democratic Socialists on City Finances, Raising Ethics Questions
Sherif Soliman told DSA members at a closed-door June 1 event that he has 'the power of the purse,' prompting debate over use of public office for political outreach.
Marcus Webb
· 4 min
China Approves Brain Implant Ahead of Neuralink, Marking First Commercial Use Outside U.S.
Neuracle Technology's NEO device received regulatory clearance through China's national health insurance system while competing companies like Synchron raised $200 million in late 2025.
Marcus Webb
· 4 min
Federal Safety Database Missing Dozens of Transdev Crash Records, Investigation Finds
A ProPublica and WBUR investigation found 60 fatal crashes linked to the Boston school bus contractor over a decade, but only 18 appear in FMCSA records.
Marcus Webb
· 4 min
Treasury Plans to Use Iranian Assets for Gulf Allies' Reconstruction
The plan comes as the U.S.-Iran war passes the three-month mark and oil prices rise due to the closure of the Strait of Hormuz, a critical waterway.
Marcus Webb
· 3 min
Trader Joe's Receipt Settlement Deadline Approaches for Qualifying Shoppers
Qualifying customers who shopped at affected stores during a five-month period in 2019 may be eligible for an estimated $102.45 payment from the $7.4 million class action settlement.
Marcus Webb
· 3 min
U.S. Mortgage Rates Are Staying High — and the Federal Reserve Can Do Little About It
The 30-year rate hit 6.48% this week, leaving homebuyers with few options despite pressure from President Trump on the central bank to cut borrowing costs.
Marcus Webb
· 4 min
U.S. Mortgage Rates Stay Above 6% as Fed Influence Remains Limited
The 30-year rate reached 6.48% on June 4, leaving homebuyers facing elevated borrowing costs despite the central bank's recent rate cuts.
Marcus Webb
· 3 min
U.S. Employers Add 172,000 Jobs in May as Labor Market Shows Resilience Amid Iran War Costs
The unemployment rate held steady at 4.3% while hiring has now exceeded 100,000 jobs for three consecutive months, according to the Labor Department report.
Marcus Webb
· 4 min
Bipartisan Summit Proposed as Solution to Address Growing Debt and Social Security Solvency
Op-ed from former congressional staff argues a two-step process of expert commission followed by legislative summit could achieve $2.9 trillion in deficit reduction.
Marcus Webb
· 4 min
Justice Department Alleges SPLC Paid KKK Members to Stay Active, Funded Robes and Cross-Burnings
Federal prosecutors say the civil rights organization paid more than $4.1 million to informants embedded in extremist groups between 2010 and 2023.
Marcus Webb
· 5 min
Federal Judges Say Elected Officials Are Eroding Confidence in Judicial System
324 threats against federal judges have been recorded so far this year, according to the U.S. Marshals Service, as rhetoric from national leaders intensifies scrutiny of courts.
Marcus Webb
· 4 min
Thune Plans to Move Forward on Stalled $72B Budget Reconciliation Bill Wednesday
The measure would fund ICE and Border Patrol through 2029, with a marathon vote-a-rama expected to stretch into Thursday morning.
Marcus Webb
· 4 min
Canada Formally Requests 16-Year Renewal of USMCA Trade Pact
Ottawa faces pressure from opposition over economic performance as July deadline approaches for North American trade agreement
Marcus Webb
· 3 min
Half of the Nation Joins Federal Initiative To Welcome Christians Back to Foster Parenting
The $11.4 billion Trump administration program has gained bipartisan support across red and blue states, with Montana becoming the 25th participant Monday.
Marcus Webb
· 3 min
U.S. Job Openings Climbed to 7.6 Million in April Despite Economic Fallout From Iran War
The increase from March's revised 6.9 million surpassed economist forecasts of 6.8 million, marking the highest total since May 2024.
Marcus Webb
· 3 min
Pratt Brings LA's Economic Anxieties Into Primetime
Former reality television star Spencer Pratt emerges as a competitive candidate in Los Angeles mayoral race, drawing national attention to city's economic challenges ahead of Tuesday's primary.
Marcus Webb
· 3 min
AI Giant Anthropic Files for IPO, Plans US Stock Market Listing
The company behind Claude chatbot seeks to raise capital as AI valuations reach historic highs, with its most recent private valuation exceeding $965 billion.
Marcus Webb
· 3 min
Anthropic Files Confidential SEC Paperwork for IPO as AI Valuations Soar
The company behind Claude chatbot has filed for a stock market debut that could value the firm at nearly $1 trillion, testing investor appetite for AI firms.
Marcus Webb
· 3 min
Wheat Harvest Forecast Hits Lowest Level Since 1972, Raising Concerns About Food Prices
The USDA projects 1.56 billion bushels this year, down 21% from 2025, as drought and rising costs squeeze farmers across major growing regions.
Eleanor Cross
· 4 min
Newsom's Budget Proposal Draws Fire From Left, Raises Alarms Among Fiscal Analysts
The governor claims a balanced budget while proposing cuts to education and immigrant healthcare that critics say mirror Trump-era policies.
Marcus Webb
· 4 min
California Governor Newsom's Budget Plan Faces Criticism From Left Over Spending Cuts
The governor claims victory over Trump on deficits while proposing cuts to education and immigrant health programs that allies compare to federal immigration enforcement.
Marcus Webb
· 4 min
Policymakers Consider Outcomes-Based Models to Address Workforce Training Financing Gaps
Proponents say these arrangements shift financing risk from workers to funders better positioned to bear it, but consumer protections remain a key concern.
Marcus Webb
· 3 min
New Jersey Man Charged With Assaulting Federal Officers After Allegedly Biting ICE Agents at Newark Protest
Brendan John Geier, 26, faces federal charges for allegedly attacking deportation officers during clashes outside Delaney Hall detention center, where protests have continued for more than a week.
Marcus Webb
· 4 min
Federal Judge Upholds Constitutionality of Nitrogen Gas Executions in Landmark Ruling
The ruling, the first full trial examining nitrogen hypoxia as an execution method, allows Alabama and other states to continue using the protocol that has been used eight times since 2024.
Marcus Webb
· 3 min
DOJ Escalates Blue-State ICE Standoff After States Refuse Key Federal Request
The department filed lawsuits against Maine, Massachusetts, Oregon and Washington over their refusal to issue undercover license plates for civil immigration enforcement operations.
Marcus Webb
· 3 min
Protests Intensify Outside New Jersey Immigration Detention Center as Demonstrators Clash With Federal Agents
The demonstrations at Delaney Hall in Newark, which has housed roughly 900 detainees according to activists, follow days of escalating tensions over conditions and enforcement operations.
Marcus Webb
· 4 min
Federal HR Office Unveils Sweeping NDA Proposal Targeting Government Leaks
The Office of Personnel Management's template agreement would require federal workers to acknowledge confidentiality obligations as the Trump administration intensifies its crackdown on internal disclosures.
Marcus Webb
· 4 min
U.S. Will Need Years to Replenish Stockpiles of Advanced Weapons Used in Iran War, Analysis Finds
The Center for Strategic and International Studies estimates it could take until late 2030 to fully restore Tomahawk missile inventories after firing more than 1,000 during the conflict.
Marcus Webb
· 3 min
Food Insecurity Increases for Many Americans Since 2020, NY Fed Report Finds
The Federal Reserve Bank of New York found 10% of households struggled to afford enough food in February, up from 4% in June 2020.
Marcus Webb
· 3 min
Federal Court Blocks Alabama From Using GOP-Drawn Congressional Map
The three-judge panel ruled the redistricting plan intentionally discriminated based on race, a setback for Republicans ahead of 2026 midterm elections.
Marcus Webb
· 4 min
Treasury Subpoenas Hasan Piker, Medea Benjamin Over Cuba Travel
The OFAC investigation seeks financial and communications records from the March trips organized by the Nuestra America Convoy amid broader sanctions enforcement effort.
Marcus Webb
· 4 min
New York Comptroller Warns AI Could Cost City Thousands of Jobs
Report based on Moody's Analytics data outlines scenarios ranging from 52,000 annual job gains to potential loss of 110,000 positions by 2027.
Marcus Webb
· 4 min
Chinese Nationals in Virginia Charged With Laundering Drug Money for Sinaloa, Jalisco Cartels
Ruhan Zhen and Hongce Wu face up to 20 years in prison if convicted of conspiring with two cartels designated as foreign terrorist organizations by the Trump administration.
Marcus Webb
· 3 min
Judge Dismisses Charges Against Kilmar Abrego Garcia, Citing Vindictive Prosecution
The ruling marks a significant legal victory for the man who was mistakenly deported to El Salvador in 2025 before being returned to the U.S.
Marcus Webb
· 3 min
Senate Delays Budget Vote as Dispute Over DOJ Settlement Fund Intensifies
The $1.8 billion "anti-weaponization" compensation fund for Biden-era prosecuted individuals has stalled the reconciliation package aimed at funding immigration enforcement.
Marcus Webb
· 4 min
Trump's Towering Arch Clears Another Federal Hurdle Despite Public Pushback
The 250-foot structure near Arlington National Cemetery received final approval from the Commission of Fine Arts with 99.5% of public comments opposed.
Marcus Webb
· 4 min
Federal Prosecutors Charge Signature Gatherer With Paying Skid Row Homeless for Voter Registrations
The case is part of a broader federal effort to investigate alleged voter fraud linked to California ballot initiatives, though details on specific elections affected remain limited.
Marcus Webb
· 3 min
Wall Street Banks Helped Chinese Military-Linked Firm Raise Billions Despite Red Flags, Lawmakers Find
JPMorgan Chase and Bank of America underwrote CATL's Hong Kong IPO after Pentagon designated the battery giant as a 'Chinese military company' in January 2025.
Marcus Webb
· 4 min
Susan Collins Leverages Appropriations Chairmanship in Maine Senate Race, Highlighting $1.5 Billion in Federal Spending
The Republican incumbent is betting that nearly five years of congressional earmarks totaling 700 projects will outweigh Democratic challenger Graham Platner's critiques of her as too aligned with Trump.
Marcus Webb
· 3 min
Analysis Estimates 5 Million People May Lose ACA Marketplace Coverage After Tax Credits Expired
Enrollment dropped for the first time in four years as average monthly premiums rose 58 percent, with young adults among the most affected.
Diane Park
· 4 min
Study Finds Shrinking Pool of Economically Stable Men Reshaping American Marriage Rates
New research shows marriage rates for non-college-educated women fell from 79% to 52% between 1930 and 1980 birth cohorts, while college-educated women increasingly marry men without degrees.
Marcus Webb
· 5 min
The Red-State Winners in the Climb to Become America's Next Economic Powerhouse
CBRE report finds 725 companies relocated headquarters between 2018 and 2025, with Texas capturing 230 relocations across its major metros while California lost 163.
Marcus Webb
· 4 min
Republican Congressman Backs Stock Trading Ban for All Three Branches of Government
Rep. Marlon Stutzman says he sold all his publicly traded stocks and argues Congress must 'live above reproach' as ethics disclosures reveal major presidential financial activity.
Marcus Webb
· 3 min
Markets Plunge Amid Concerns About Aftermath of China Summit
The selloff comes as details from President Trump's Beijing meetings remain scarce, leaving investors uncertain about the U.S.-China trade relationship.
Marcus Webb
· 3 min
Mamdani Closes $12 Billion Budget Gap, Invests $122 Million in NYC Public Schools
The mayor's budget closes a massive deficit while funding schools, childcare expansion, and public services through wealthy taxation and state aid.
Marcus Webb
· 4 min
Feds Defer $1.3B in California Medicaid Funding Amid Healthcare Fraud Crackdown
The Trump administration is withholding the federal share of California's Medicaid payments while investigations into hospice and home health agency fraud continue.
Marcus Webb
· 4 min
NYC Budget Gets Boost From Albany as Hochul, Lawmakers Approve Additional Funding for Gotham
The multi-billion dollar state aid package closes New York City's projected budget gap through fiscal year 2028, according to officials.
Marcus Webb
· 3 min
NYC Mayor Mamdani Announces Balanced Budget After State Funding Agreement with Hochul, Lawmakers
The $3.2 billion state aid package will fund NYC's revised fiscal plan through 2028, according to officials.
Marcus Webb
· 4 min
Singham-Backed Pro-China Group Purchases Manhattan Building for $5.15 Million as Federal Investigators Examine Network
The People's Forum, which has received $22.5 million in funding under investigation by Justice, State and Treasury departments, is seeking an additional $5 million for renovations of its new Chelsea headquarters.
Marcus Webb
· 4 min
Paul: $1 Billion for White House Ballroom Likely Coming Out of Budget Reconciliation Bill
The Kentucky Republican says the funding faces procedural hurdles and prefers private donations to pay for security enhancements.
Marcus Webb
· 4 min
Feds Uncover Critical Link in Radicalization of Wannabe Trump Assassin
DHS intelligence report says Iran conflict 'may have contributed' to Cole Allen's decision to attack White House Correspondents' Dinner, per documents obtained by Reuters.
Marcus Webb
· 5 min
Minnesota's Eye-Popping Subsidy Payments to Nine Day Care Centers Exposed After Last Week's Fed Raids
The state's Child Care Assistance Program paid more than $67 million over eight years to providers that were targeted in 22 federal search warrants.
Marcus Webb
· 4 min
Former FedEx Driver Sentenced to Death for Killing Seven-Year-Old Texas Girl Athena Strand
The case has renewed scrutiny over contractor hiring practices after the victim's family alleged that FedEx and its subcontractor failed to conduct a required background check.
Marcus Webb
· 3 min
GOP Senator in Primary Runoff Praised Islamic Charity After State Department Cut Ties Over Terror Concerns
Texas Attorney General Ken Paxton, Cornyn's primary opponent, has made opposition to radical Islam a focal point of his campaign as both Republicans compete for conservative voters.
Marcus Webb
· 4 min
States Push Congress to Address National Debt as CBO Projects Continued Growth
Indiana, Tennessee, and other states point to balanced budget policies as models while federal deficits add roughly $2 trillion annually to the debt.
Marcus Webb
· 4 min
Less Washington, More America: A Return to Functional Federalism
As federal deficits near $3 trillion annually, some lawmakers push for devolving power back to states while others warn that rollback of federal protections could harm vulnerable populations.
Marcus Webb
· 5 min
Congressional Budget Reform Proposal Revives Debate Over Federalism and Government Accountability
Rep. Blake Moore's Comprehensive Congressional Budget Act would require votes on the full federal budget annually, amid growing frustration with centralized governance.
Marcus Webb
· 4 min
Daily Wire Investigation Finds Ohio Spent $1 Billion on Medicaid Home Health Care in 2024
The investigation, based on data published by DOGE, reveals billions in 'personal services' payments where relatives can be paid to provide companionship to family members.
Marcus Webb
· 4 min
House Republican Calls National Debt 'Ticking Time Bomb' as U.S. Debt Tops 100% of GDP
The $39 trillion debt level, reached for the first time since World War II, has sparked renewed debate over federal spending priorities and deficit reduction efforts.
Marcus Webb
· 4 min
Mark Sanford Quits House Race After One Month to Launch Debt-Focused Nonprofit
The former South Carolina governor and congressman says he can have more impact on the $38.9 trillion national debt outside elected office.
Marcus Webb
· 3 min
Tariff Increases Reshape Prom Dress Market as Retailers Navigate Surging Costs
Effective tariff rates on special-occasion dresses range from 17% to 34%, with industry leaders warning families will face higher prices during peak prom season.
Marcus Webb
· 4 min
Johnson Quashes Farm Bill Rebellion to Pass Budget Blueprint for Reconciliation 2.0
The narrow 215-211-1 party-line vote brings Congress one step closer to ending DHS's record 10-week shutdown, though funding deadlines loom by early May.
Marcus Webb
· 4 min
White House Puts Whitmer on Notice About Who Is Actually Delivering on US Manufacturing Jobs
A $43.4 million Adrian Steel expansion in Michigan highlights the political tension over tariff policy and state-level economic incentives.
Marcus Webb
· 3 min
Federal Agents Execute Search Warrants in Minnesota Fraud Investigation of Childcare Programs
The searches target publicly funded social programs as the Trump administration investigates up to $9 billion in potential fraud tied to Minnesota-run initiatives since 2018.
Marcus Webb
· 3 min
UAE Departure from OPEC Adds to Oil Market Uncertainty Amid Strait of Hormuz Disruptions
The announcement comes as the critical shipping chokepoint remains largely blocked, cutting off roughly 20 percent of global oil and gas supplies.
Marcus Webb
· 4 min
Powell Could Remain at Fed Despite Looming End of Chair Term
While his chairmanship ends May 15, Powell's underlying governor term runs through 2028, potentially allowing him to stay under a Trump administration.
Marcus Webb
· 3 min
Judge Rules That Fired Prosecutor Maurene Comey's Lawsuit Belongs in Federal Court
U.S. District Judge Jesse Furman rejected the government's effort to move the wrongful termination case to administrative proceedings, saying the constitutional reason cited for her firing takes it outside standard federal employee dispute channels.
Marcus Webb
· 3 min
Vance Pushes Back on Stockpile Concerns as US Races to Boost Missile Production
The Pentagon is working to address a shortfall between battlefield usage and industrial capacity, with some critical munitions taking years or decades to replenish at current production rates.
Marcus Webb
· 4 min
McMahon Faces Senate Questions on Trump Budget Plan for Shuttered Education Department
The administration is requesting $76.5 billion for fiscal 2027, a $2.3 billion decrease from current levels as most department functions have been transferred to other agencies.
Marcus Webb
· 4 min
Sen. Thom Tillis Drops Blockade of Kevin Warsh's Nomination to Lead Federal Reserve
The North Carolina Republican said he received assurances from the Justice Department that it would not use investigations as a weapon against Fed independence.
Marcus Webb
· 4 min
Tillis Says He Will Support Warsh's Fed Confirmation After DOJ Closes Powell Investigation
The North Carolina senator had withheld support for the nominee until the criminal probe into Chair Powell was resolved.
Marcus Webb
· 3 min
Mexico Says 2 U.S. Federal Agents Who Died Were Not Authorized to Participate in Any Local Operation
The two CIA agents were killed returning from a drug lab destruction mission in Chihuahua state, according to Mexican government officials.
Marcus Webb
· 4 min
Trump's Long Romance With Gambling Industry Now Extends to Prediction Markets
While criticizing prediction markets publicly, Trump Media is launching its own through a Crypto.com partnership as federal regulators clash with states over oversight.
Marcus Webb
· 4 min
DOJ Expands Federal Execution Methods to Include Firing Squad, Gas and Electrocution
The 48-page memo reverses the previous administration's moratorium on federal executions and adds alternative methods amid ongoing drug sourcing challenges.
Marcus Webb
· 4 min
Treasury Department Announces IRS Overhaul to Target Shadow Nonprofit Networks
New Form 990 requirements would increase disclosure for fiscal sponsorship arrangements, grants and contracts amid ongoing investigations into progressive donor networks.
Marcus Webb
· 4 min
Importers Begin Using New CBP System to Claim $166 Billion in Tariff Refunds
More than 56,000 importers have signed up for electronic refunds following the Supreme Court's February ruling that struck down emergency tariffs.
Marcus Webb
· 4 min
Federal Judge Dismisses Laura Loomer's Defamation Suit Against Bill Maher
U.S. District Judge James Moody ruled Maher was clearly joking when he suggested Loomer had an affair with Donald Trump, saying a reasonable viewer would understand it was humor rather than a factual claim.
Marcus Webb
· 3 min
Senate Republicans Launch Budget Reconciliation to Fund ICE, DHS Agencies
The $70 billion reconciliation package aims to fund immigration enforcement for 3.5 years as part of effort to end partial DHS shutdown.
Marcus Webb
· 3 min
U.S. Drains Critical Missile Stockpiles in Iran War as Yearslong Rebuild Looms
CSIS analysis estimates U.S. used over 850 Tomahawk missiles and more than half of Patriot interceptors during 39-day campaign, prompting $70B FY27 munitions request.
Marcus Webb
· 4 min
500 Blank Ballots Found Near Renton Dumpster Spark Federal Investigation, Fraud Denial
Federal authorities have taken custody of election mail discovered by Washington State Republican Party chairman near a strip mall dumpster, though the origin and timing of the ballots remain under investigation.
Marcus Webb
· 3 min
Lutnick Testifies Before Senate Panel on Commerce Department Budget Request
The White House is requesting $9.2 billion in discretionary funding, a $1.3 billion decrease from 2026 levels, amid fallout from the Supreme Court's tariff ruling.
Marcus Webb
· 3 min
Taiwan Business Group Urges Beijing, Taipei to Keep Politics Out of Trade
The Taiwan Electrical and Electronic Manufacturers' Association called for both sides to separate economic activity from political tensions amid ongoing cross-strait disputes.
Marcus Webb
· 3 min
U.S. Customs Launches Tariff Refund Portal as Businesses Await $166 Billion in Payouts
The first phase of refunds begins Monday, with approved claims taking 60 to 90 days to process.
Marcus Webb
· 3 min
Federal Judge Blocks Nexstar-Tegna Merger until Antitrust Lawsuit Is Resolved
Judge says eight Democratic attorneys general and DirecTV are likely to prevail in their bid to stop the $6.2 billion deal that would create the largest U.S. local TV broadcaster.
Marcus Webb
· 3 min
Newsom Administration Allegedly Knew of $2B California Budget Error for Months: Report
Legislative Analyst's Office flagged the pension calculation mistake in February, but it wasn't disclosed publicly until April.
Marcus Webb
· 4 min
The Sex Recession Hitting Gen Z and What's Quietly Killing Their Drive
Research shows roughly one in three men and one in five women aged 18-29 report having no sex in the past year, with experts pointing to multiple contributing factors.
Marcus Webb
· 3 min
Mamdani's City-Owned Grocery Plan Faces Pushback From Local Bodegas, Supermarkets
The $70 million proposal to open five city-run grocery stores in New York City boroughs draws criticism from small business owners and political consultants who warn of unfair competition.
Marcus Webb
· 3 min
White House Seeks Record Defense Budget, But Congress Has Questions About Spending
The $1.5 trillion Pentagon request is the largest in U.S. history, with a separate funding ask for Iran operations expected to follow.
Marcus Webb
· 3 min
HUD Employees Launch Website Accusing Trump Administration of Blocking Fair Housing Enforcement
Anonymous letters cite concerns that civil rights investigations have been halted, with 15 states now suing over policy changes.
Marcus Webb
· 3 min
Trump Threatens to Fire Fed Chair Powell if He Doesn't Leave in May
Powell plans to remain in post until successor Kevin Warsh is confirmed, but Trump says he will fire him if he stays past May 15.
Marcus Webb
· 3 min
DHS Confirms Federal Investigation Into Rep. Swalwell Includes Illegal Brazilian Nanny Allegations
USCIS referred the matter to DHS law enforcement, stating no one is above the law, including a member of Congress.
Marcus Webb
· 3 min
Appeals Court Says Federal Judge Must Reconsider Blocking White House Ballroom, Weigh Security Concerns
D.C. Circuit allows $400 million ballroom construction to proceed until April 17 while lower court reassesses injunction.
Marcus Webb
· 4 min
Major Strategic Shift in Global Energy Market Favors United States
Analysts suggest changing supply chains and production patterns are reshaping international energy dynamics in ways that benefit U.S. interests.
Marcus Webb
· 3 min
Federal Judge Finds Pentagon in Violation of Court Order to Restore Reporters' Access
Judge Paul Friedman ruled the Defense Department violated his March 20 order, saying the Pentagon's revised policy unlawfully restricts journalist access.
Marcus Webb
· 4 min
Prediction Markets Under Scrutiny as Traders Bet on Iran Ceasefire, Insider Trading Concerns Grow
Polymarket traders profited hundreds of thousands from ceasefire bets as lawmakers push for investigations into suspicious activity.
Marcus Webb
· 3 min
One Year Into Trump's Tariff Strategy: Economic Impact and Debate Over Who Bears the Cost
Effective tariff rates rose from 2.2% to roughly 13% by year-end, with debates intensifying over whether American consumers or foreign exporters are footing the bill.
James Callahan
· 4 min
Prediction Markets See Surge in Trades Related to U.S.-Israel Conflict With Iran
Traders made hundreds of thousands of dollars on ceasefire bets as lawmakers call for investigations into potential insider trading.
Marcus Webb
· 4 min
Iran's Toll Proposal for Strait of Hormuz Violates Trade Norms, Analysts Say
Iran demands right to collect fees in strategic waterway as precondition for reopening passage vital to 20% of world oil supply.
Marcus Webb
· 4 min
White House Budget Would Cut 8,385 TSA Positions Under Privatization Plan
The $11.7 billion FY2027 budget request cuts 2,462 Transportation Security Officer positions while proposing $477 million increase for private screening contracts.
Marcus Webb
· 3 min
Democrat Lawmakers Call US Fuel Blockade on Cuba 'Economic Bombing' After Delegation Visit
Progressive lawmakers describe humanitarian crisis on island linked to U.S. embargo, while Trump administration has escalated pressure calling Cuba a 'failed nation'
Marcus Webb
· 3 min
NASA Administrator Defends Trump’s Proposed Budget Cuts
The $18.8 billion proposal represents a $5.6 billion reduction from 2026 levels, cutting science programs and HBCU initiatives.
Marcus Webb
· 3 min
Federal Government Rushing Toward AI Adoption Amid Cost and Oversight Concerns
ProPublica investigation finds agencies face hidden costs, while the program designed to vet cloud security operates with minimal staff.
Marcus Webb
· 3 min
America Is Heading for a Recession — and It May Be the Worst Yet
Economic analysts warn that structural challenges including AI displacement and middle-class fragility could amplify the impact of any downturn
Marcus Webb
· 4 min
Polymarket Apologizes after Allowing Wagers on Fate of U.S. Pilots Downed Over Iran
Prediction market platform removed betting market after criticism from Rep. Seth Moulton, who noted 219 war-related bets remain active on the platform.
Marcus Webb
· 3 min
Budget Cuts Won't Fix Antisemitism — and They're Hurting Higher Education
The Trump administration's funding reductions to universities have drawn criticism from both sides of the political spectrum, with critics arguing the cuts fail to address campus antisemitism while damaging scientific research.
Marcus Webb
· 3 min
U.S. Tomahawks Deployed in Iran Conflict Exceed Annual Procurement Rate
Over 850 missiles used so far, roughly nine times the Pentagon's average yearly Tomahawk purchases.
Marcus Webb
· 3 min
Philadelphia Fed President Anna Paulson Says Iran War Is Creating Real Pressure on U.S. Economy
Anna Paulson, president of the Federal Reserve Bank of Philadelphia, warned that escalating tensions in the Middle East are adding new headwinds to an economy already navigating elevated inflation and interest rates.
Marcus Webb
· 3 min
Congress Weighs Federal Regulation as Prediction Market Apps Blur Line With Sports Betting
Lawmakers debate whether markets allowing bets on politics, sports and global events need stricter federal oversight
Marcus Webb
· 4 min
House Democrat Bans Staff From Betting on Prediction Markets, Citing Ethics Concerns
Rep. Seth Moulton becomes first member of Congress to prohibit staffers from trading on Polymarket, Kalshi and similar platforms.
Marcus Webb
· 3 min
House Budget Chairman Outlines Path to Pay for Iran Military Campaign Through Reconciliation
Arrington says second GOP-only budget package would offset defense costs with anti-fraud provisions, as Trump administration considers $200 billion war request
Marcus Webb
· 3 min
BlackRock CEO Warns $150 Oil Could Trigger Global Recession
Larry Fink, whose firm manages $14 trillion in assets, said prolonged high oil prices stemming from Middle East tensions would have profound economic implications.
Marcus Webb
· 3 min
Iran Parliament Speaker Warns Buyers of US Treasury Bonds Are 'Legitimate Targets'
Ghalibaf says financial institutions funding US military budget will be targeted, as tensions escalate after weeks of strikes.
Marcus Webb
· 3 min
Robert Frazer Appointed US Attorney for New Jersey After Year of Legal Turmoil
Career prosecutor with two decades of experience takes over the district following months of court battles over leadership appointments.
Marcus Webb
· 3 min
Workers' Job Market Gloom Has Increased Dramatically Over the Past Few Years, Gallup Survey Finds
Just 28% of workers say now is a good time to find a quality job, down from 70% in mid-2022, with college graduates particularly pessimistic.
Marcus Webb
· 3 min
NYC Spent Over $368 Million To Combat Homelessness This Past Fiscal Year. Now the State Can't Track the Money.
The $368 million spent on unsheltered homeless New Yorkers is more than triple the FY 2019 amount, yet state auditors say tracking fund allocation remains problematic.
Marcus Webb
· 3 min
Chicago Faces $1 Billion Budget Gap as Experts Warn of 'Pay Later' Financial Crisis
The city's 2025 fiscal year projects a $150 million deficit, with about 40% of the budget going to debt service and pension costs.
Marcus Webb
· 3 min
Chicago's $1 Billion Budget Gap Stokes Debate Over Mayor Johnson's Fiscal Leadership
The nation's third-largest city projects a $150 million deficit as debt service consumes 40% of its budget, drawing scrutiny from both progressive and conservative analysts.
Marcus Webb
· 4 min
Polymarket's Situation Room Bar Opening Marred by Technical Failures in Washington
Prediction market's much-hyped DC pop-up opened Friday but monitors remained off due to electrical issues, prompting early closure and viral mockery.
Marcus Webb
· 3 min
States Need Data Tools and Incentives to Stop Improper Federal Payments
With $2 trillion in annual deficits, experts say federal databases to verify eligibility are underutilized despite known gaps.
Marcus Webb
· 4 min
Federal Reserve Holds Rates Steady Amid Mixed Economic Signals
The Fed kept its benchmark rate at 3.5% to 3.75% as February payrolls fell by 92,000 and fourth-quarter GDP was revised down to 0.7%.
Marcus Webb
· 3 min
Fed Chair Powell Holds News Briefing After Keeping Interest Rates Unchanged
The Federal Reserve held rates at 3.6% for the second straight meeting, with quarterly projections expected to show how the Iran war's impact on gas prices complicates the path forward.
Marcus Webb
· 4 min
Cuba Will Allow Expatriates to Invest in and Own Businesses on Island, Economic Czar Says
Deputy Prime Minister Oscar Pérez-Oliva Fraga announced the policy shift in an NBC News interview, citing US embargo as a key challenge to Cuba's economy.
Marcus Webb
· 3 min
Senate Democrats Unveil Tax Plans Criticized as Populist Overhaul Ignoring Debt
Economists and fiscal hawks question whether proposals to eliminate federal taxes for millions can be offset by taxing the wealthy without worsening the national debt.
Marcus Webb
· 4 min
'Gruesome' War Bets Fuel Calls for Crackdown on Prediction Markets
Prediction platforms handling $44bn in trades face mounting criticism over wagers tied to Iran, Israel military action
Marcus Webb
· 3 min
Nine Convicted in North Texas ICE Facility Attack as Kash Patel Issues Warning
Jurors delivered a mixed verdict in federal court Friday, convicting members of what prosecutors called an Antifa cell for the July 2025 Prairieland ICE Detention Center attack.
Marcus Webb
· 3 min
As Prediction Markets Boom, Lawmakers Push for Greater Oversight of Event Contracts
Two bills aim to ban members of Congress from betting on political events, but disclosure gaps in ethics rules remain unfilled.
Marcus Webb
· 4 min
Boasberg Blocks Subpoenas Against Fed Chair Jerome Powell
Federal judge rules DOJ effort to issue grand jury subpoenas was a pretext to pressure Powell on interest rates, citing over 100 Trump statements attacking the Fed chair.
Marcus Webb
· 3 min
Venezuelan National Charged With Assaulting Federal Officer, Grabbing Service Weapon in Michigan
Arnoldo Jose Marquez-Pulido, 33, faces multiple federal charges after allegedly fleeing traffic stop and struggling with Homeland Security Task Force agent in Utica.
Marcus Webb
· 4 min
Judge Blocks DOJ Subpoena for Federal Reserve Records, Citing No Evidence of Crime
Judge James Boasberg ruled prosecutor Jeanine Pirro presented no evidence to justify demands for Fed documents, saying the investigation appeared designed to pressure Chairman Jerome Powell
Marcus Webb
· 4 min
Utah Moves to Ban Prediction Markets as State Takes On Kalshi and Polymarket
Governor Spencer Cox will sign legislation targeting prediction markets, putting the conservative state at odds with the CFTC and creating a potential legal showdown.
Marcus Webb
· 3 min
IEA Called for Joint Release of Emergency Oil Stocks at G7 Online Meeting, Japan Says
The call comes amid ongoing volatility in global energy markets and follows months of coordinated international effort to stabilize oil supplies.
Marcus Webb
· 3 min
G-7 Ready to Release Oil Stockpiles If Needed to Support Supply
The Group of Seven nations signal willingness to tap strategic reserves amid ongoing volatility in global oil markets.
Marcus Webb
· 3 min
Sustained War with Iran Could Drain US Missile Stockpiles, Test Escalation Control
Defense officials warn that production lines cannot surge overnight to replenish interceptors depleted by operations in Ukraine and the Middle East.
Marcus Webb
· 3 min
Vice President Vance Promotes Economic Agenda at Wisconsin Machining Facility
Speaking at Pointe Precision Inc., the vice president focused on affordability and fraud ahead of the 2026 midterm elections.
Marcus Webb
· 3 min
Tariff Decision Deemed Both Right and Wrong by Stakeholders
The administration’s new steel and aluminum tariffs aim to protect jobs, while industry groups warn they could raise consumer prices and spark trade disputes.
Marcus Webb
· 3 min
Trump Global Tariff to Take Effect at 10% Despite Earlier 15% Announcement
The rate will apply to steel and aluminum imports starting next month, lowering the previously signaled 15% duty and raising questions about policy consistency.
Marcus Webb
· 3 min
Tariffs Seen as Wild Card for U.S. Economy Amid New Trade Measures
New duties on Chinese steel, aluminum and select consumer goods have sparked debate over cost impacts and domestic industry protection.
Marcus Webb
· 3 min
EU Says It Will Not Accept Any Increase in U.S. Steel and Aluminum Tariffs
The European Commission reiterated its stance during trade talks, emphasizing that the existing agreement must be honored.
Marcus Webb
· 3 min
NASA Faces Pressure to Replace Space Launch System with Commercial Rockets
Cost overruns and schedule delays have prompted lawmakers on both sides of the aisle to examine private‑sector launch options.
Marcus Webb
· 3 min
Mamdani Calls for Affordable NYC Housing, Criticizes ICE Amid Budget Concerns
The housing official says every family should afford a home while denouncing ICE's policies, as New York faces a $2.4 billion budget shortfall.
Marcus Webb
· 3 min
SCOTUS Has Ruled on Tariffs, but Who Will Ultimately Pay
The Court’s decision leaves the fate of the Trump‑era steel and aluminum tariffs to Congress and industry, raising questions about future cost burdens.
Marcus Webb
· 3 min
Senator Grenell Calls Ice Rink Vandal Terrorist as Federal Authorities Pursue Suspect in Toxic Attack
The incident, involving a chemical spray at a Minnesota ice rink, has sparked debate over labeling domestic vandalism as terrorism.
Marcus Webb
· 3 min
U.S. Court Blocks Solar Panel Tariffs, Business Owners Cautiously Welcome
The decision removes a 25% duty on Chinese solar imports, which industry groups said was raising electricity costs for manufacturers.
Marcus Webb
· 3 min
U.S. Trade Deficit Narrows as Administration Credits Recent Tariff Adjustments
The Treasury reports a $12.3 billion reduction in the trade deficit for the first quarter of 2026, a change the White House attributes to new tariff reforms.
James Callahan
· 3 min
Mamdani Calls for NYC Housing Plan While Criticizing ICE, City Faces Budget Shortfall
The mayoral candidate’s proposal promises affordable homes for all families, but city officials warn the plan could widen the $1.5 billion budget gap.
Marcus Webb
· 3 min
Ruling Is a Victory for World Trade, but Also Tricky
The Supreme Court upheld a WTO‑backed exemption for U.S. exporters, yet the decision leaves several tariff‑related provisions unsettled.
Marcus Webb
· 3 min
Trump Gives Grudging Praise to Liberal Trio Who Helped Sink His Tariffs
President Trump said the three Democratic lawmakers forced the administration to abandon the proposed steel and aluminum duties, calling their push a necessary check on trade policy.
Marcus Webb
· 3 min
U.S. Trade Representative Rejects Trump Tariff Proposal, Marking Rare Public 'No'
Katherine Tai said the administration will not impose new duties on Chinese steel, though existing tariffs stay in place.
Marcus Webb
· 3 min
Exclusive: 5 Ways Moreno Wants GOP to Codify .5 B Trump Tariffs
The Republican lawmaker says the Biden administration’s rollback of China tariffs threatens U.S. manufacturers, while Democrats argue the measures raise costs for consumers.
Marcus Webb
· 3 min
Breaking: Supreme Court Overturns 12 Trump Tariffs, Slashing $4 B in Costs – What Comes Next?
The 9‑5 decision invalidated 12 of 14 steel and aluminum tariffs, prompting Democratic calls for enforcement and Republican criticism of judicial overreach.
Marcus Webb
· 3 min
Trump Tariff Revenues Hit Record Highs as Supreme Court Deals Major Blow
The Treasury reported $12.3 billion in tariff collections for FY 2025, even as the Court limited the administration’s ability to impose new duties.
Marcus Webb
· 3 min
Will the Treasury Refund $200 Billion After Tariff Overturn?
A federal court ruling nullified recent tariffs, prompting the Treasury to determine how to handle the $200 billion already collected from importers.
James Callahan
· 3 min
Breaking: Trump Brand Expands to Airports in 40 Nations
The filings span 40 countries, covering travel services and airport operations, raising questions about international branding.
Marcus Webb
· 3 min
Obama: Agents' Tactics "Dangerous" as Minneapolis Loses $60M
Former President Obama criticizes federal agent tactics in Minneapolis amid business closures.
Marcus Webb
· 3 min
White House Prepares Public for Weaker January Jobs Report
Officials cite winter storms and data volatility as factors in expected slowdown after 256,000 jobs added in December.
Marcus Webb
· 3 min
Don Lemon Hires Federal Prosecutor Who Resigned Over Minnesota ICE Probes
Joseph Thompson, who quit as second-in-command at Minnesota U.S. Attorney's office, now represents journalist facing church protest charges.
Marcus Webb
· 3 min
Fact Check: Does Immigration Increase the National Debt?
Economists disagree on whether immigrants add to or reduce federal deficits over time
Marcus Webb
· 3 min
Cuba Warns of Aviation Fuel Shortage After Trump Tariff Threat
The Cuban government issued a warning Monday that aviation fuel supplies could run critically short within weeks if threatened U.S. tariffs on third-country ...
Marcus Webb
· 4 min
Wall Street Opens Lower Following Strong Asian Market Rally
Major U.S. stock indices began the trading day with declines, contrasting with significant gains seen in Asian markets overnight, as investors reacted to a confluence of global economic data and central bank signals.
Marcus Webb
· 3 min
Trump Administration Ties Market Access to Energy Production in New Trade Framework
White House signals reciprocal trade policy will prioritize countries expanding oil and gas output over renewable energy investments
Marcus Webb
· 4 min
White House Links Trade Access to Sanctions Compliance in New Executive Order
Administration signals tougher enforcement on countries maintaining energy partnerships with sanctioned nations
Marcus Webb
· 3 min
U.S. Ties Trade Benefits to Energy Compliance in New Sanctions Strategy
Administration's executive order forces trading partners to choose between Russian oil and American market access
Marcus Webb
· 3 min
Unemployment Steady, Growth Holds Despite Inflation Above Fed Target
Labor market resilience continues as economic data shows growth persisting while consumer prices remain elevated above 2% goal
James Callahan
· 3 min
Fed Holds Rates Steady at 4.25% as January CPI Surprises to the Upside
Inflation came in at 2.8%, above the 2.6% consensus. Here's what economists across the spectrum are saying about the path forward.
Marcus Webb
· 3 min
Cartel Prices Remain High After Kingpin Arrests, Study Shows
A University of Chicago analysis finds street prices for cocaine and methamphetamine held steady despite the removal of top traffickers, challenging standard supply‑and‑demand expectations.
Marcus Webb
· 3 min