Los Angeles Mayor Karen Bass says the Trump administration's immigration enforcement efforts have sent chills through the community, hurting the city's car washes.

Commerce Secretary Howard Lutnick says the Trump administration is sticking with its plan to raise tariffs next month on countries that do not agree to revamped trade deals with the United States.

Rep. Jim Himes (D-Conn.) said Sunday that a White House insider is warning President Trump of a “massive market reaction” if he fires Federal Reserve Chair Jerome Powell. “I mean, what happens if there’s a tweet that says the Fed chair is gone?” CBS’s Margaret Brennan asked Himes on “Face the Nation.” “Well, interestingly, inside...

A proposed GOP ban on a central bank digital currency (CBDC) could pump the brakes on grand visions to reshape electronic payment access around the Federal Reserve. Republican lawmakers pushed the ban through the House on Thursday over concerns the government could use a CBDC to surveil Americans’ financial transactions. The banking industry has also lobbied against...