The U.S. African Development Foundation pumps out tens of millions of dollars in taxpayer money every year to projects in Africa -- but the agency lacks basic anti-fraud controls to make sure the funding is getting to the right places, the comptroller general reported Monday.
The normally stodgy Federal Reserve interest-rate-setting committee meeting kicks off Tuesday with more drama than a daytime soap opera, and it's making more Americans wonder about the need for an all-powerful central bank.
Congressional Republicans are planning to try to block Democrats with a stopgap spending bill, similar to their successful play in March, but are facing some resistance within their ranks.
The Senate voted Monday to confirm President Trump's top White House economist to the Federal Reserve board of governors. Senators voted along party lines, 48-47, to approve the nomination of Stephen Miran, chair of the White House Council of Economic Advisers (CEA), to the remaining four months of a term on the Fed board. As...
A federal appeals court Monday refused the Trump administration’s request to permit Federal Reserve board of governors member Lisa Cook’s firing before this week’s Fed meeting, setting the stage for a potential Supreme Court battle. Without the justices’ intervention, Cook is set to participate in the Fed’s upcoming vote on interest rate cuts after a judge last...
United States service academies are set to announce next month that they will start accepting scores on the Classic Learning Test (CLT) for the 2027 admissions cycle, as reported by Politico on Monday. The CLT, developed in 2015, assesses aptitude in reading, writing, grammar and mathematics, similar to the widely used SAT and ACT. Where...
President Trump is ramping up his attacks on the left in the wake of last week’s killing of Charlie Kirk, providing fuel to the White House’s efforts to clamp down on left-leaning groups and institutions. Trump has at nearly every turn since Kirk’s assassination argued the problem in the country stems from left-wing groups. The strategy...