Bessent says Federal Reserve Board could 'veto' future regional presidents
Read full article: Bessent says Federal Reserve Board could 'veto' future regional presidentsTreasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserveโs regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.
Trump targets Minnesota's Somali community with harsh words and policies
Read full article: Trump targets Minnesota's Somali community with harsh words and policiesPresident Donald Trump and his top officials have recently criticized Minnesota's Somali community, drawing attention to immigrants from the war-torn East African country.
Federal authorities plan operation in Minnesota focusing on Somali immigrants, AP source says
Read full article: Federal authorities plan operation in Minnesota focusing on Somali immigrants, AP source saysFederal authorities are preparing an immigration enforcement operation in Minnesota, focusing on Somali immigrants living unlawfully in the U.S. The operation, which could begin soon, targets people in the MinneapolisโSt. Paul area with final deportation orders.
Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayers
Read full article: Treasury plans to change tax credit eligibility in a move critics say will hurt immigrant taxpayersThe U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring undocumented immigrants and some noncitizens from receiving them.
Leaders press on with G20 summit in South Africa that won't have US and Trump
Read full article: Leaders press on with G20 summit in South Africa that won't have US and TrumpLeaders and delegates from the worldโs richest nations and top developing countries are gathering this weekend for the Group of 20 summit in South Africa, an event overshadowed by the boycott of U.S. President Donald Trump and his administration.
New sanctions target Russian web hosting service over suspected ransomware operations
Read full article: New sanctions target Russian web hosting service over suspected ransomware operationsThe United States, Britain and Australia have announced sanctions against a Russia-based web hosting service for allegedly running ransomware operations.
Trump administration says it has trade frameworks with Argentina, Ecuador, El Salvador and Guatemala
Read full article: Trump administration says it has trade frameworks with Argentina, Ecuador, El Salvador and GuatemalaThe Trump administration has announced trade frameworks with Argentina, Ecuador, El Salvador, and Guatemala.
Colombia to suspend intelligence cooperation with US over strikes on drug vessels
Read full article: Colombia to suspend intelligence cooperation with US over strikes on drug vesselsColombian President Gustavo Petro has ordered security forces to stop sharing intelligence with the United States until it stops striking suspected drug trafficking boats in the Caribbean.
What to know about Trump's plan to give Americans a $2,000 tariff dividend
Read full article: What to know about Trump's plan to give Americans a $2,000 tariff dividendPresident Donald Trump boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government and give him diplomatic leverage.
IRS Direct File won't be available next year. Here's what that means for taxpayers
Read full article: IRS Direct File won't be available next year. Here's what that means for taxpayersThe Trump administration has decided not to offer the IRS' electronic tax filing system for free next year, and its future is unclear.
Trump has other tariff options if the Supreme Court strikes down his worldwide import taxes
Read full article: Trump has other tariff options if the Supreme Court strikes down his worldwide import taxesPresident Donald Trump has warned that the Supreme Court will leave the United States โdefenselessโโ and possibly โreduced to almost Third World statusโโ if it strikes down the tariffs he imposed this year on nearly every country on earth.
Trump may become the face of economic discontent, a year after such worries helped him win big
Read full article: Trump may become the face of economic discontent, a year after such worries helped him win bigVoters have sent a message to President Donald Trump that the economy doesn't feel as though its booming โ despite what he says.
The Latest: White House walks back Trumpโs threat to SNAP
Read full article: The Latest: White House walks back Trumpโs threat to SNAPPresident Donald Trump caused some confusion earlier Tuesday when he appeared to threaten SNAP benefits unless Democrats voted to reopen the government โ despite court orders mandating that the administration keep the nationโs largest food program running.
Trump's not going to the Supreme Court hearing on tariffs. But his treasury secretary will be there
Read full article: Trump's not going to the Supreme Court hearing on tariffs. But his treasury secretary will be thereTreasury Secretary Scott Bessent says he plans to take a โringside seatโ at the U.S. Supreme Court on Wednesday.
Government shutdown could become longest ever as Trump says he 'won't be extorted' by Democrats
Read full article: Government shutdown could become longest ever as Trump says he 'won't be extorted' by DemocratsThe Trump administration is indicating in court that it will only partially fund the federal food assistance program as the government shutdown reaches into a second month.
Shutdown stalemate set to drag into sixth week as Trump pushes Republicans to change Senate rules
Read full article: Shutdown stalemate set to drag into sixth week as Trump pushes Republicans to change Senate rulesRepublicans and Democrats remained at a stalemate on the government shutdown over the weekend as it headed into its sixth week, with millions of Americans starting to lose food aid benefits and President Donald Trump pushing GOP leaders to change Senate rules to end it.
Deal between the US and China is undoing damage from a self-inflicted trade war
Read full article: Deal between the US and China is undoing damage from a self-inflicted trade warAfter months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.
American farmers welcome China's promise to buy soybeans, but the deal doesn't solve everything
Read full article: American farmers welcome China's promise to buy soybeans, but the deal doesn't solve everythingAmerican farmers welcomed Chinaโs promise to buy some of their soybeans, but Iowa farmer Robb Ewoldt cautioned this wonโt solve all the problems as farmers continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds.
China agrees to purchase 25 million metric tons of U.S. soybeans annually, treasury secretary says
Read full article: China agrees to purchase 25 million metric tons of U.S. soybeans annually, treasury secretary saysTreasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders.
The Latest: Trump administration limits refugee admissions to mostly white South Africans
Read full article: The Latest: Trump administration limits refugee admissions to mostly white South AfricansPresident Donald Trump's administration is restricting the number of refugees it admits into the country to 7,500 and they will mostly be white South Africans.
Trump cuts tariffs on China after meeting Xi in South Korea
Read full article: Trump cuts tariffs on China after meeting Xi in South KoreaPresident Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
White House says deal to put TikTok under US ownership could be finalized in South Korea
Read full article: White House says deal to put TikTok under US ownership could be finalized in South KoreaThe Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing the details as soon as Thursday.
US and China seek to strike a deal over rare earths, tariffs, soybeans
Read full article: US and China seek to strike a deal over rare earths, tariffs, soybeansThe United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.
The Latest: Judge orders senior Border Patrol official to meet her daily to discuss use of force
Read full article: The Latest: Judge orders senior Border Patrol official to meet her daily to discuss use of forceU.S. District Judge Sara Ellis has ordered a senior U.S. Border Patrol official to meet with her daily โto hear about how the day wentโ after weeks of confrontations between immigration agents and the public in the Chicago area.
Trump administration narrows list of potential Federal Reserve chairs to 5
Read full article: Trump administration narrows list of potential Federal Reserve chairs to 5Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
Big win in midterm vote for Argentina's President Milei boosts markets and vindicates Trump
Read full article: Big win in midterm vote for Argentina's President Milei boosts markets and vindicates TrumpArgentine President Javier Milei has hailed his partyโs resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms.
US imposes sanctions on Colombiaโs president and family members over drug trade allegations
Read full article: US imposes sanctions on Colombiaโs president and family members over drug trade allegationsThe Trump administration has imposed sanctions on Colombian President Gustavo Petro, his family, and a government member over drug trade allegations.
U.S. announces new sanctions against Russia's two biggest oil companies
Read full article: U.S. announces new sanctions against Russia's two biggest oil companiesU_S_ Treasury Secretary Scott Bessent has announced new sanctions against Russiaโs two biggest oil companies and blasted Moscowโs refusal to end its โsenseless war.โ.
Trump says he'll meet with Putin in Hungary. He first meets Friday with Zelenskyy at the White House
Read full article: Trump says he'll meet with Putin in Hungary. He first meets Friday with Zelenskyy at the White HousePresident Donald Trump has announced plans to meet with Russia's Vladimir Putin to discuss ending the war in Ukraine.
US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
Read full article: US is working on doubling aid to Argentina to $40 billion by tapping private funding sourcesThe Trump administration is looking to provide an additional $20 billion in financing for Argentina.
The Latest: Journalists leave Pentagon rather than agree to Trump administrationโs reporting rules
Read full article: The Latest: Journalists leave Pentagon rather than agree to Trump administrationโs reporting rulesDozens of reporters have turned in access badges and exited the Pentagon rather than agree to restrictions on their work.
Trump threatens to pull support for Argentina if its politics move leftward
Read full article: Trump threatens to pull support for Argentina if its politics move leftwardPresident Donald Trump has threatened to withdraw assistance from Argentina if its internal politics don't align with his interests in upcoming elections.
New US sanctions target 50 people, companies and ships for allegedly aiding Iran's oil and gas trade
Read full article: New US sanctions target 50 people, companies and ships for allegedly aiding Iran's oil and gas tradeThe Trump administration has imposed sanctions on a group of 50 people, companies and ships largely out of the United Arab Emirates, Hong Kong and China.
Social Security Administrator Frank Bisignano is named to the newly created position of IRS CEO
Read full article: Social Security Administrator Frank Bisignano is named to the newly created position of IRS CEOFrank Bisignano has been named CEO of the IRS, adding to his role as Social Security Administration Commissioner.
Trump administration imposes sanctions on some Iranian people and firms after UN decision
Read full article: Trump administration imposes sanctions on some Iranian people and firms after UN decisionThe U.S. imposes new sanctions on firms and individuals linked to Iran's missile and military aircraft production.
Trump says he and Xi will meet in South Korea in coming weeks and he'll later go to China
Read full article: Trump says he and Xi will meet in South Korea in coming weeks and he'll later go to ChinaU.S. President Donald Trump says heโll meet Chinese leader Xi Jinping at a regional summit taking place in October in South Korea and will visit China early next year.
US and European officials meet to discuss new sanctions on Russia
Read full article: US and European officials meet to discuss new sanctions on RussiaU.S. and European officials have met at the U.S. Treasury Department to discuss economic pressure on Russia, including new sanctions and tariffs on Russian oil.
Trump says US will host next yearโs G20 summit at his Florida golf club but he won't make money
Read full article: Trump says US will host next yearโs G20 summit at his Florida golf club but he won't make moneyPresident Donald Trump says the U.S. will host next yearโs Group of 20 summit at his golf club in southern Florida.
US and EU plan to discuss new Russia sanctions: What could be next for Putin?
Read full article: US and EU plan to discuss new Russia sanctions: What could be next for Putin?European officials, led by EU sanctions envoy David OโSullivan, plan to visit the U.S. Treasury Department on Monday to discuss economic pressure on Russia, including new sanctions.
Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' plan
Read full article: Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' planThe Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers.
The Latest: Trump says no deal to end the Russia-Ukraine war was made with Putin after Alaska talks
Read full article: The Latest: Trump says no deal to end the Russia-Ukraine war was made with Putin after Alaska talksU.S. President Donald Trump said he and Russian President Vladimir Putin have not reached a deal to end Russiaโs war in Ukraine.
Inflation or jobs: Federal Reserve officials are divided over competing concerns
Read full article: Inflation or jobs: Federal Reserve officials are divided over competing concernsFederal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September.
Trump says Intel CEO has an 'amazing story' days after calling for his resignation
Read full article: Trump says Intel CEO has an 'amazing story' days after calling for his resignationLess than a week after President Donald Trump called for the resignation of Intelโs CEO, shares of the chipmaker are rising after Trump said he had a โvery interestingโ meeting with Lip-Bu Tan.
Trump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the role
Read full article: Trump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the rolePresident Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation.
What to know about Trump's newest and most sweeping tariffs
Read full article: What to know about Trump's newest and most sweeping tariffsPresident Donald Trump on Thursday imposed once unthinkably high U.S. taxes on imports from dozens of countries, part of his campaign to turn one of the worldโs most open economies into a fortress bristling with barriers to trade.
The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and others
Read full article: The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and othersThe House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
The Latest: Trump signs order for more tariffs on US partners to go into effect in 7 days
Read full article: The Latest: Trump signs order for more tariffs on US partners to go into effect in 7 daysPresident Donald Trump signed an executive order Thursday placing tariffs on many U.S. trade partners โ the next step in his trade agenda that will test the global economy and alliances.
US sanctions Brazil's Supreme Court justice overseeing trial against Trump ally Bolsonaro
Read full article: US sanctions Brazil's Supreme Court justice overseeing trial against Trump ally BolsonaroThe U.S. Treasury Department is imposing sanctions on Brazilโs Supreme Court Justice Alexandre de Moraes.
China promises to help companies slammed by tariffs, as talks with the US left in limbo
Read full article: China promises to help companies slammed by tariffs, as talks with the US left in limboChina's top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week left businesses in limbo.
Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds
Read full article: Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis findsA new analysis suggests President Donald Trump's tariffs could increase factory costs by 2% to 4.5%.
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
Read full article: US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this yearU.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders.
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
Read full article: Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thingPresident Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States.
Flurry of trade deals offers relief for some Asian countries, while others wait
Read full article: Flurry of trade deals offers relief for some Asian countries, while others waitU.S. President Donald Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries.
House sends bill regulating stablecoins, a type of cryptocurrency, to Trump
Read full article: House sends bill regulating stablecoins, a type of cryptocurrency, to TrumpThe House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U_S_ the โcrypto capital of the world.โ.
Trump's previous tariff push terrified the world economy. He's betting this time is different
Read full article: Trump's previous tariff push terrified the world economy. He's betting this time is differentThe last time President Donald Trump rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged.
Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so far
Read full article: Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so farThe clock is ticking closer to U.S. President Donald Trumpโs latest tariff deadline of Aug 1.
The Latest: Trump meets with Netanyahu for private dinner at the White House
Read full article: The Latest: Trump meets with Netanyahu for private dinner at the White HouseU.S. President Donald Trump held a private dinner with Israeli Prime Minister Benjamin Netanyahu as families of hostages held in Gaza push for any ceasefire agreement to include the release of all remaining hostages.
Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
Read full article: Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talksThe United States is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline when a tariff pause by President Donald Trump expires.
Musk says he's forming a new political party after split with Trump over tax cuts law
Read full article: Musk says he's forming a new political party after split with Trump over tax cuts lawElon Musk said heโs carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the presidentโs sweeping tax cuts law.
Deal with Beijing will speed China's export of minerals to the US, treasury secretary says
Read full article: Deal with Beijing will speed China's export of minerals to the US, treasury secretary saysWashington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production.
