Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story All eyes on Warsh in Wyoming Federal Reserve Chair Kevin Warsh is under the microscope as he heads to Jackson Hole for the Wyoming town’s signature economic symposium Friday, where eagle-eyed investors will be searching for...
A Utah software engineer, who runs a massive pro-Trump social media account that has drawn attention from the likes of Elon Musk, made a sinister declaration in a post on Aug. 21. The “Deep State” was setting her up to “commit a crime.” “I have never been more angry in my life,” Jennica Pounds, who...
A federal judge on Wednesday halted the Trump administration’s plan to overhaul a decades-old grant program targeting housing discrimination, siding with fair housing groups that argued the changes hindered their ability to work. U.S. District Judge Myong Joun, who was appointed by former President Biden, ruled that the Department of Housing and Urban Development (HUD)...
Federal Reserve Chair Kevin Warsh is under the microscope as he heads to Jackson Hole for the Wyoming town’s signature economic symposium Friday, where eagle-eyed investors will be searching for any clue about the central bank’s plans for grappling with sticky inflation and an increasingly jittery bond market. Warsh, who has opted for a less-is-more...
New York Gov. Kathy Hochul (D) said Thursday the Empire State would not be referring to Lake Ontario as “Lake America” after President Trump issued an executive order renaming the lake. Trump’s Thursday decision to formally change the name of Lake Ontario to Lake America amid the ongoing trade war between Canada and the United...
A deadly flash flood that tore through Nepal and Tibet early Wednesday killed hundreds and left thousands missing, including dozens of U.S. citizens. The Bhotekoshi River flooded around 9 a.m. local time, ravaging villages, roads and hydropower projects, officials said. The death toll is not yet clear. Here’s what to know about this catastrophic event:...
President Trump’s trip to Texas to boost GOP midterm efforts, including state Attorney General Ken Paxton’s (R) Senate campaign, is highlighting the red state’s prominence on the midterm election map as it takes up oxygen in Republicans’ battle to retain their majority. The president’s visit comes as the prospect of Democrats flipping Texas, a traditional...
The man who was arrested Tuesday for driving with a guillotine near the U.S. Capitol told police officers the weapon was “the real deal,” according to his arrest affidavit. The affidavit, filed in the Superior Court of the District of Columbia, said U.S. Capitol Police officers Sergei Vittone, Ryerson Hill and Joseph Diaz observed a...
The Canadian government late Wednesday exempted seafood and fish products from its retaliatory tariffs on U.S. goods. In a statement, Canada’s Department of Finance said it made the decision in response to “feedback,” noting the removal of seafood and fish from the tariffs will “protect against broader economic harms.” The Canadian levies are set to...
President Trump again urged Americans on Wednesday to cast their vote as if he was “on the ballot” this November. “I see it all the time, that when Trump’s on the ballot, they win,” the president told Fox News’s Trey Gowdy. “When he’s out of the ballot, the people don’t go to vote, and I’m...
Keep an eye on your bank account, Venmo and PayPal the next few weeks. Money could be coming your way from a privacy class action settlement that "hundreds of millions" may have qualified for.
Chinese Foreign Minister Wang Yi expressed a commitment to overcoming hurdles in the country’s relationship with the U.S. during a meeting with U.S. Ambassador to China David Perdue in Beijing on Wednesday. Their discussion comes ahead of Chinese President Xi Jinping’s scheduled trip to the U.S. to meet with President Trump next month. While Wang...
President Trump on Wednesday named Mark Paoletta the chair of the National Capital Planning Commission (NCPC), a panel overseeing his White House ballroom and Washington arch projects. Paoletta, the general counsel of the White House Office of Management and Budget (OMB), will succeed Will Scharf as chair of the NCPC. Scharf is set to take...
