Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.