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