What we’re watching right now is a tug-of-war between short-term political wins to help Republicans in the midterms and long-term economic stability. Undercutting the Fed may feel like relief in the moment, but history shows it can lead to higher inflation, market instability and deeper pain for us all down the road.
The Trump administration announced new sanctions Thursday against Iranian officials, as tension rises between the U.S. and Iran over Tehran's continued suppression of anti-government protests. The Treasury Department said the levies will target “the architects of the Iranian regime’s brutal crackdown on peaceful demonstrators” and the “shadow banking networks” alleged to be helping wealthy Iranians...
The Treasury Department is preparing regulations to implement the OECD's Crypto-Asset Reporting Framework, which would require crypto exchanges and wallet providers to collect and share detailed personal and transaction data with foreign governments, raising privacy concerns.
The Cook Political Report on Thursday shifted 18 House races toward Democrats in the latest sign of the party’s momentum ahead of the midterms. Citing President Trump’s unpopular polling numbers and Democrats’ winning streak in recent special elections, the nonpartisan election handicapper has projected that Democrats have “more than enough opportunities” to win a majority...
Maine officials on Wednesday warned residents they were expecting federal immigration authorities to arrive in the state in the coming days. The potential action follows days of unrest in Minnesota and Oregon, including a fatal shooting in Minneapolis that prompted sometimes violent protests. “To the Federal government I say this: if your plan is to...
Democratic Sens. John Fetterman (Pa.), Cory Booker (N.J.) and Tammy Baldwin (Wis.) introduced legislation Thursday to cap credit card late fees at $8. Their proposal, the Credit Card Fairness Act, would codify a March 2024 ruling from the Consumer Financial Protection Bureau (CFPB), which reduced the typical late fee from $32 to $8. Under the...
Former CIA Director and Secretary of State Mike Pompeo said Iran has arrived at a "natural terminus," warning against squandering a "historic opportunity."
China reportedly builds satellite facilities across Africa and Latin America, extending its Belt and Road strategy to space infrastructure development globally.
White House press secretary Karoline Leavitt blamed Democrats for encouraging violence against ICE officers in Minneapolis, saying rhetoric calling agents "Nazis" leads to chaos.
Federal appeals court sides with Trump administration in Mahmoud Khalil case, ruling a lower court judge lacked the authority to order the anti-Israel activist's release.
House Majority Whip Tom Emmer demands Minnesota Gov. Tim Walz resign over Minneapolis protests that erupted following the fatal ICE shooting of Renee Nicole Good.
