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Tobias BurnsThe Hill |
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...
Senate Republicans are hoping to vote on a budget resolution this week that would pave the way for President Trump’s “big, beautiful bill”...
U.S. manufacturers are sounding worried about the Trump administration’s trade policies ahead of a hotly anticipated announcement on tariffs...
Consumer sentiment took a dive in March as concerns about rising prices and slowing economic performance hit home for U.S. households. Sentiment fell...
Republican leaders in the House and Senate emerged from a meeting at the Treasury Department Tuesday afternoon sounding upbeat about their “big,...
New projections from Congress’s official legislative scorer show deficit levels will explode if the Trump tax cuts are made permanent and not simply...
Federal Reserve Chair Jerome Powell warned Wednesday that President Trump's new tariffs will likely make it harder for the central bank to bring...
The Federal Reserve held interbank lending rates steady on Wednesday at a range of 4.25 to 4.5 percent despite some signs that the economy may be...
The Federal Reserve is expected to keep interest rates steady Wednesday despite growing concerns about the strength of the U.S. economy. Measures of...
The Trump administration is intending to make cuts to the office of the National Taxpayer Advocate (NTA) — its third announced staffing reduction at...
The Federal Reserve is unlikely to cut interest rates this week despite growing concern about the state of the U.S. economy and the impact of...
Senate Republicans aren’t seeing eye to eye with their colleagues in the House over places to cut spending in order to pay for their extension of...
The Internal Revenue Service (IRS) is pausing the operational overhaul it started during the Biden administration and is set to make changes to its...
The fundamentals of the U.S. economy are in good shape, with low unemployment and robust growth in recent quarters. But warning signs have been...
Consumer prices rose slightly during President Trump's first full month in office, according to data released Wednesday by the Labor Department. The...
The IRS is preparing to get rid of half of its workforce, according to two media reports – part of a blitz by the Trump administration to reduce...
U.S. businesses are bracing for the impact of President Trump's new tariffs on Canadian and Mexican goods. After months of threats and pushed...
Polls show that Americans’ confidence is slipping in President Trump’s ability to handle the economy – the most important issue in the 2024...
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal...
The House voted Tuesday to pass a budget resolution that will act as the blueprint for the GOP’s domestic agenda, with the extension of President...
Questions are swirling about the status of a trade rule that President Trump canceled and then reinstated earlier this month after it proved...
The IRS fired 6,700 employees on Thursday, a government official told NewsNation, the sister television network of The Hill. The employees were...
Top Democrats in Congress want to know what Elon Musk’s Department of Government Efficiency (DOGE) plans to do at the Internal Revenue Service (IRS)...
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