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Tobias BurnsThe Hill |
The top tenth of the U.S. income spectrum is set to receive the biggest annual boost to their wealth as a result of the House-passed Republican...
Treasury Department Secretary Scott Bessent insisted Thursday that tariff are not taxes, defying the widely accepted economic and financial definition...
Congressional Republicans are laying the groundwork for a tax cliff at the end of President Trump’s term in office. While the conference is pushing...
The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming...
Former presidential adviser and confidante Elon Musk escalated his growing feud with President Trump by saying the president's tariffs would result in...
Job openings and hiring increased slightly in April ahead of the Friday employment report from the Labor Department, which will be a major data point...
President Trump’s domestic agenda bill is spurring a debate over whether blue states are subsidizing red states. After a successful pressure...
JPMorgan Chase CEO Jamie Dimon said he sees a “tough time” ahead for the bond market as Republicans work to pass a tax cut and domestic agenda...
Congress’s tax-and-spending cut bill will receive an advertising campaign from a major business lobby as it faces widespread criticism for...
Prices are cooling even though President Trump’s trade war is dragging on and businesses keep threatening to raise their prices in response to it....
The Wednesday court decision blocking President Trump's emergency tariff powers could give companies the option of getting a refund on duties they've...
Minutes from the May meeting of the Federal Reserve’s interest rate-setting committee show stagflationary risk to the economy as a result of new...
Republican budget hawks got steamrolled this week as the House passed a bill to advance President Trump's agenda, sending concerns though financial...
House Republicans’ domestic agenda bill doesn’t have a topline cost estimate yet and faces the likelihood of major rewrites in the Senate, but...
President Trump’s bill to cut taxes and spending centers on an extension of his previous round of tax cuts, which Republicans slated for expiration...
Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump's desk, but the state and local tax (SALT)...
The Moody’s ratings agency downgraded U.S. creditworthiness Friday from the triple-A category to double-A, as Republicans work to pass a massive...
Many different think tanks and legislative analysts in Washington have been sounding the alarm that the GOP bill to cut taxes and spending has greater...
Federal Reserve Chair Jerome Powell said Thursday that the economy may be entering a period of more volatile inflation and more regular supply shocks...
Wholesale prices took their largest month-to-month dive in April since the height of the coronavirus pandemic amid Trump’s ongoing trade war. The...
The tax portion of Republicans' wide-ranging bill full of President Trump's domestic priorities would cost $3.7 trillion over the next decade, the...
U.S. and Chinese trade negotiators agreed over the weekend to lower mutually imposed triple-digit tariffs in a significant de-escalation of the...
President Trump announced a trade agreement with the U.K. on Thursday, the first country-specific deal since the April 2 “Liberation Day” import...
The Federal Reserve’s interest rate setting committee held rates steady Wednesday at a range of 4.25 to 4.5 percent, despite calls from President...
Secretary of the Treasury Scott Bessent returns to Capitol Hill on Wednesday, to testify in the House for a second day. His questioning about the...
Businesses are worried about the possible cancellation of a tax treaty between the U.S. and China as Treasury Secretary Scott Bessent gets ready for...
The Federal Reserve’s interest rate committee will meet Tuesday and Wednesday this week, and the central bankers appear set to keep rates where they...
The White House closed the so-called de minimis tariff loophole for lower-value Chinese imports Friday but also waived a customs rule that will...
President Trump is switching up his messaging on the economy amid growing concern from voters and even fellow Republicans about his trade agenda....
Wall Street and Washington, D.C., are wading through a surge of economic data this week as markets and policymakers attempt to game out the results of...
Inflation cooled and consumer spending — especially on automobiles — surged in March as households made purchases ahead of a raft of new tariffs...
Economic policy during President Trump’s first hundred days in office has been anything but business as usual. Trump’s tariffs have reset global...
The Trump administration is scaling back its 25 percent tariffs on imported automobiles and auto parts that are scheduled to go into effect May 3....
Americans are expecting the Trump administration’s tariffs to result in higher prices and believe their overall cost will be greater than their...
Despite signs of a thaw earlier this week, Washington and Beijing are locked in a standoff on tariffs, and global supply chains are feeling the...
Consumer sentiment nosedived in April to the lowest level since the peak of the postpandemic inflation surge as President Trump's trade battles shake...
A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a...
Treasury Secretary Scott Bessent said Wednesday there was an opportunity for a deal with China in a further softening of the Trump administration’s...
Acting IRS Commissioner Gary Shapley is departing the agency amid disagreements between Treasury Secretary Scott Bessent and presidential advisor Elon...
President Trump and Federal Reserve Chair Jerome Powell are facing off over how the central bank will respond to the economic impact of the White...
President Trump's push to shift tens of thousands of manufacturing jobs to the U.S. is raising concerns and costs for many American industries, and...
Federal Reserve Chair Jerome Powell warned Wednesday that President Trump's aggressive new tariffs could both lower growth and raises prices — a...
This story is the second in a four-part series. Read part one here. U.S. house prices are out of reach for millions of Americans, and the Federal...
Federal Reserve Governor Christopher Waller painted a stagflationary picture of President Trump’s tariff agenda Monday, arguing that the hit to...
The bond market sell-off that spurred President Trump’s midweek reversal on tariffs is pushing into Friday, with yields on the 10-year Treasury bond...
Economic tensions between the U.S. and China are soaring after President Trump raised tariffs on Chinese products to 125 percent on Wednesday and...
Consumer prices fell by 0.1 percent from March to April to a 2.4 percent annual increase, the Labor Department reported Thursday. The deflation from...
The White House is arguing that revenue from President Trump's tariffs on U.S. importers is going to help pay for domestic tax cuts. “This time...
President Trump’s Wednesday tariff announcement was larger in scope than many businesses and policy analysts were predicting, with the imposition of...
President Trump reset U.S. trade policy on Wednesday by announcing a 10-percent general tariff on all imports to the U.S. with the exception of Canada...
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