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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.

Loomer doesn’t want people who think for themselves, she wants a Republican Party that votes in lockstep with her vision of Donald Trump.

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...

Republicans are split on President Trump’s sweeping immigration crackdown, according to a new Reuters/Ipsos survey released days after an Immigration and Customs Enforcement (ICE) officer shot and killed a woman in Minnesota. The poll, released Thursday, found that 59 percent of Republican respondents prefer that federal immigration officers prioritize arrests even if people get hurt,...

Five Democratic lawmakers have now said they are being investigated for participating in a video calling on service members to reject unlawful orders. Reps. Chrissy Houlahan (D-Pa.) and Maggie Goodlander (D-N.H.) said that the Justice Department sought to interview them after they reiterated the principle of military law in the video with four other Democrats, released...

The consequences of the erosion of public health policies will be real and are becoming increasingly palpable.

The Education Department announced Thursday it will be moving some employees to the Department of Labor as it looks to integrate some postsecondary education and workforce development programs with the other agency.  Starting next week, employees with the Higher Education Programs division of the department's Office of Postsecondary Education will head to the Labor Department to begin the...

An appeals court panel ruled Thursday that a federal judge had no power to order the release of Mahmoud Khalil, the pro-Palestinian Columbia University graduate whom the Trump administration jailed for months. The 2-1 decision by the U.S. Court of Appeals for the Third Circuit could lead to Khalil’s rearrest, though he is able to continue appealing. “Today’s ruling is deeply disappointing, but it does...

Democratic strategist James Carville said Wednesday that President Trump’s reaction to being called a “pedophile protector” revealed a “sore spot” for the leader. “Trump had a massive negative reaction to it. And when you find a sore spot, you keep hitting it. Keep hitting it,” Carville said on his "Politics War Room" podcast Wednesday.  “Hit...

Madison Sheahan, the deputy director of U.S. Immigration and Customs Enforcement (ICE), is resigning from the agency to run for Congress in Ohio. In a video launch on Thursday, Sheahan pitched herself as a pro-Trump conservative, touting her work on the president’s immigration crackdown.  “In just one year, we’ve made history, recruiting 12,000 new ICE...