Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed holds rates, projects only one rate cut for 2024 The Federal Reserve projects just one interest rate cut of a quarter of a percent this year, down from three quarter-point cuts as predicted in March....
Former House Speaker Kevin McCarthy’s (R-Calif.) plan to get revenge on the Republicans who ousted him is off to a rough start. Rep. Nancy Mace (R-S.C.) on Tuesday night comfortably held off two primary challengers, including one who received support from groups tied to McCarthy, winning a clear majority in her district and avoiding a...
Rep. Dave Joyce (R-Ohio), the lone Republican to vote against a resolution to hold Attorney General Merrick Garland in contempt of Congress, says his colleagues’ move only serves to "further politicize our judicial system." “As a former prosecutor, I cannot in good conscience support a resolution that would further politicize our judicial system to score...
Senate Finance Committee Chair Ron Wyden (D-Ore.) launched an investigation Wednesday into former President Trump’s son-in-law, Jared Kushner, and his investment firm, Affinity Partners, over details regarding its investments in Saudi Arabia. In a letter to Affinity Partners Chief Financial Officer Lauren Key, Wyden said its concerning that several Middle Eastern governments, including Saudi Arabia,...
A group of House Democrats on Tuesday pushed the Biden administration to either reconsider its crackdown on asylum or expand legal representation for migrants navigating a new set of rules. In a letter to Homeland Security Secretary Alejandro Mayorkas and United States Citizenship and Immigration Services (USCIS) Director Ur Jaddou, the Democrats said migrants are...
More than two dozen Senate Republicans endorsed an effort Wednesday to repeal a Biden administration rule bolstering federal nondiscrimination protections for transgender students. The Education Department in April unveiled a final set of sweeping changes to Title IX, the federal civil rights law preventing sex discrimination in schools and education programs that receive government funding....
Longtime Senate Republican Leader Mitch McConnell says he'll be in attendance on Thursday as Senate Republicans meet in the nation's capital with former President Donald Trump.
MLB star and Republican California Senate candidate Steve Garvey spoke with Fox News Digital in an exclusive interview about gaining momentum in California Senate race.