Former Treasury Department Secretary Larry Summers said Monday that there was no question that President Trump blinked when it came to the recent agreement on a 90-day pause between the United States and China on most tariffs imposed on each other since early last month. “I think it’s very clear that it’s President Trump who...

Presented by AARP — Plus: Sweeping GOP Medicaid cuts unveiled {beacon} Health Care Health Care   The Big Story Trump signs 'most favored nation' executive order to lower drug prices President Trump signed an order laying out his plan to lower prescription drug prices in the U.S. © AP Trump’s “most favored nation” policy unveiled...

House Republicans on the Energy and Commerce Committee this week unveiled a plan to cut more than $880 billion to pay for a significant portion of President Trump’s domestic agenda. After months of wrangling over how deeply to cut Medicaid, committee Chair Brett Guthrie (R-Ky.) appears to have avoided the most politically controversial proposals while...

President Trump is heading to the Middle East this week for the first extended foreign trip of his second term, with stops planned in Saudi Arabia, the United Arab Emirates (UAE) and Qatar. Trump and his aides are expected to focus intensely on financial investments and trade during the trip, but it will also be...

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  House GOP unveils sweeping tax plans House Republicans on Monday released a 389-page plan to advance President Trump’s tax agenda, kicking off what is expected to be a showdown over taxes in the GOP. © Greg...

House Republicans are charging ahead with deep Medicaid cuts and an extension of the 2017 tax cuts, two policies at the heart of President Trump’s domestic agenda that are showcasing fierce divisions within the GOP conference. Both policy issues pit GOP moderates against conservatives, and threaten to delay action on the massive budget reconciliation package...

U.S. and Chinese trade negotiators agreed over the weekend to lower mutually imposed triple-digit tariffs in a significant de-escalation of the ongoing trade war between Washington, D.C., and Beijing. Treasury Secretary Scott Bessent said Sunday after talks in Switzerland that “substantial progress” had been made between the two countries. China and the U.S. agreed to...

President Trump defended his decision to accept a luxury Boeing jet from Qatar, calling it “stupid” for him to turn it down amid an influx of criticism from both sides of the aisle over the gift. “I could be a stupid person and say, ‘Oh no, we don’t want a free plane.’ We give free...

Harvard University President Alan Garber decried the Trump administration's actions against the school in a Monday letter to Education Secretary Linda McMahon.

The Department of Homeland Security can partner with the IRS to permit ICE to access taxpayer information to locate illegal immigrants, a judge ruled.