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Yellen blasts Trump's 'unlawful' firing of Cook

Related video: Sunrise's Trevor Shirley on Trump's FIRING of Fed. Reserve's Lisa Cook | SUNRISE Former Federal Reserve Chair and Treasury Secretary...

yesterday 0

Tobias Burns

Fed says it will abide by court ruling in Trump, Cook dispute over firing

The Federal Reserve said Tuesday it will abide by the court's decision in the upcoming lawsuit from Fed board of governors member Lisa Cook...

yesterday 3

Tobias Burns

Tax rate for ultrarich drops dramatically after GOP tax cuts: Study

The effective tax rate for the wealthiest 0.0002 percent of Americans — a group that corresponds roughly to the billionaires on the famous Forbes...

monday 5

Tobias Burns

Wage growth is sinking for poorest workers

Wage growth is slowing down for all workers following the booming recovery from the COVID-19 pandemic, but it’s dropping at the fastest pace for...

19.08.2025 20

Tobias Burns

Trump stuns Wall Street, Washington with controversial BLS nominee

President Trump's pick to lead the Bureau of Labor Statistics (BLS) is breaking the mold of his predecessors and causing alarm among economists of...

17.08.2025 2

Tobias Burns

Services sector slows down in July

Economic activity in the services sector fell back modestly in July as businesses held off on making purchases amid policy uncertainties. The...

05.08.2025 2

Tobias Burns

Economists blast Trump decision to fire BLS chief

Economists across the political spectrum are sounding the alarm over President Trump’s decision to fire the Labor Department’s top statistician in...

05.08.2025 50

Tobias Burns

Dark clouds emerge for Trump on economy

Dark clouds formed over President Trump’s economy Friday after the July jobs report showed the labor market only gaining 106,000 jobs over the last...

02.08.2025 100

Tobias Burns

Inflation ticks up more than expected in Fed’s preferred gauge

Inflation in the Federal Reserve's preferred measurement ticked up to a 2.6-percent annual increase in June from 2.3 percent as cost increases from...

31.07.2025 4

Tobias Burns

Fed holds rates steady but sees first double dissent in three decades

The Federal Reserve kept short-term interest rates at a level of 4.25 percent to 4.5 percent on Wednesday, but the vote saw the first double dissent...

30.07.2025 60

Tobias Burns

Trump faces critical week on economy

President Trump is staring down a big week on the economy. White House trade talks are intensifying ahead of an Aug. 1 deadline for “reciprocal”...

29.07.2025 6

Tobias Burns

5 ways Trump has shaped the economy in 6 months

President Trump sailed into the White House last year on confidence in his ability to handle the economy following 40-year high inflation and...

27.07.2025 30

Tobias Burns

Markets jump after Powell repels Trump attack

Financial markets finished the week on a high note after Federal Reserve Chair Jerome Powell stood his ground against President Trump in a rare joint...

26.07.2025 30

Tobias Burns

Trump's plans to sway Fed face hurdles beyond Powell

President Trump faces steep obstacles in his quest to sway the Federal Reserve toward his economic agenda. Trump will be able to replace Fed Chair...

24.07.2025 10

Tobias Burns

Housing starts tick up in June after hitting 5-year low

New home construction ticked up in June after hitting a five-year low in May — the lowest level since the thick of the coronavirus pandemic....

18.07.2025 9

Tobias Burns

Warren goes to bat for Powell amid Trump criticism

Massachusetts Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, offered support Wednesday for Federal Reserve Chair Jerome...

17.07.2025 2

Tobias Burns

Jamie Dimon touts Fed independence as Trump ponders replacing Jerome Powell

JPMorgan Chase CEO Jamie Dimon went to bat Tuesday for the Federal Reserve and its chair, Jerome Powell, as the White House pondered ousting him over...

16.07.2025 9

Tobias Burns

Will Bessent serve as Fed chair, Treasury secretary at the same time?

The possibility that President Trump could replace Federal Reserve Chair Jerome Powell with Treasury Secretary Scott Bessent is spinning heads from...

14.07.2025 50

Tobias Burns

Markets sputter after Trump pushes tariff deadline

Financial markets are wobbling this week after President Trump extended his 90-day deadline for big trade deals over the weekend, following the...

09.07.2025 10

Tobias Burns

Here's how Trump's big bill will change taxes

President Trump's domestic agenda bill spans military and immigration measures, major cuts to national healthcare, and numerous industrial incentives...

04.07.2025 20

Tobias Burns

US businesses await trade deals as financial markets brighten

U.S. stocks have come roaring back after cratering at the onset of President Trump’s trade war, with the S&P 500 index hitting a record high last...

02.07.2025 9

Tobias Burns

Trump's big bill could have small economic impact, experts warn

The Senate version of President Trump's domestic policy bill will likely fall short of its ambitious promises for economic growth and fiscal...

26.06.2025 20

Tobias Burns

World economy braces for impact of US strikes on Iran

Economic fallout from the weekend strike by U.S. forces on Iranian nuclear facilities has been muted so far, but the opening of direct hostilities...

24.06.2025 2

Tobias Burns

Housing starts drop to lowest level since pandemic

The number of housing units that started construction in May fell to the lowest level since 2020, as the sector battles headwinds blown by high...

18.06.2025 4

Tobias Burns

Fed likely to keep rates steady amid trade war, Middle East conflict

The Federal Reserve looks set to maintain its pause on interest rate cuts at its meeting this week amid President Trump’s ongoing trade war and...

18.06.2025 20

Tobias Burns

Here's what's in the Senate GOP's version of Trump's 'big, beautiful bill'

The Senate Finance Committee on Monday unveiled its portion of President Trump’s “big, beautiful bill,” containing provisions on Medicaid, taxes...

17.06.2025 50

Tobias Burns

Senate scales back additional Trump tax cuts in its version of 'big, beautiful bill'

Senate Republicans’ tax and spending cut bill makes many of the core elements of their 2017 tax cuts permanent but scales back additional cuts from...

17.06.2025 5

Tobias Burns

Top earners to receive lion’s share of income boost from GOP bill: CBO

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...

13.06.2025 60

Tobias Burns

Bessent claims tariffs aren't taxes

Treasury Department Secretary Scott Bessent insisted Thursday that tariff are not taxes, defying the widely accepted economic and financial definition...

12.06.2025 10

Tobias Burns

Republicans lay groundwork for 'total tax cliff' at end of Trump’s term

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...

12.06.2025 10

Tobias Burns

World Bank slashes growth outlook on trade concerns

The World Bank on Tuesday reduced its outlook for both global and U.S. economic growth this year, citing disruptions to global trade stemming...

10.06.2025 3

Tobias Burns

Musk predicts Trump's tariffs will cause recession amid growing spat with president

Former presidential adviser and confidante Elon Musk escalated his growing feud with President Trump by saying the president's tariffs would result in...

06.06.2025 20

Tobias Burns

Job market is holding its breath amid tariff truce with China

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...

03.06.2025 4

Tobias Burns

‘Donors’ vs ‘takers’: SALT battle stirs debate between blue and red states

President Trump’s domestic agenda bill is spurring a debate over whether blue states are subsidizing red states. After a successful pressure...

03.06.2025 30

Tobias Burns

Dimon predicts ‘tough time’ for US bond market

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...

02.06.2025 20

Tobias Burns

US Chamber launches six-figure ad campaign behind GOP tax bill

Congress’s tax-and-spending cut bill will receive an advertising campaign from a major business lobby as it faces widespread criticism for...

30.05.2025 3

Tobias Burns

Inflation keeps falling despite tariff clamor

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....

30.05.2025 3

Tobias Burns

Tariff court ruling throws another wrench into companies' trade strategies

The Wednesday court decision blocking President Trump's emergency tariff powers could give companies the option of getting a refund on duties they've...

29.05.2025 4

Tobias Burns

Fed minutes show rising unemployment, stagflationary risks

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...

29.05.2025 10

Tobias Burns

GOP bill locks in new deficit plateau as bond market quakes

Republican budget hawks got steamrolled this week as the House passed a bill to advance President Trump's agenda, sending concerns though financial...

24.05.2025 30

Tobias Burns

How Trump's big bill is shaking the bond market

House Republicans’ domestic agenda bill doesn’t have a topline cost estimate yet and faces the likelihood of major rewrites in the Senate, but...

22.05.2025 4

Tobias Burns

How Trump's big bill could affect your taxes

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...

22.05.2025 5

Tobias Burns

5 things to know about SALT, the tax break holding up Trump's 'big, beautiful bill'

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)...

21.05.2025 3

Tobias Burns

Moody’s downgrades US credit rating

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...

17.05.2025 100

Tobias Burns

GOP tax bill would shrink incomes for low earners: Analysis

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...

17.05.2025 70

Tobias Burns

US economy could face ‘more persistent supply shocks’: Powell

Federal Reserve Chair Jerome Powell said Thursday that the economy may be entering a period of more volatile inflation and more regular supply shocks...

15.05.2025 4

Tobias Burns

Wholesale prices fell off a cliff in April amid trade war

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...

15.05.2025 5

Tobias Burns

Republican tax bill would add $3.7 trillion to the national deficit: JCT

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...

13.05.2025 80

Tobias Burns

5 takeaways from US-China trade truce

U.S. and Chinese trade negotiators agreed over the weekend to lower mutually imposed triple-digit tariffs in a significant de-escalation of the...

13.05.2025 10

Tobias Burns

5 things to know about Trump's UK trade pact

President Trump announced a trade agreement with the U.K. on Thursday, the first country-specific deal since the April 2 “Liberation Day” import...

09.05.2025 20

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Yellen blasts Trump's 'unlawful' firing of Cook

Tobias Burns

Fed says it will abide by court ruling in Trump, Cook dispute over firing

Tobias Burns

Tax rate for ultrarich drops dramatically after GOP tax cuts: Study

Tobias Burns

Wage growth is sinking for poorest workers

Tobias Burns

Trump stuns Wall Street, Washington with controversial BLS nominee

Tobias Burns

Services sector slows down in July

Tobias Burns

Economists blast Trump decision to fire BLS chief

Tobias Burns

Dark clouds emerge for Trump on economy

Tobias Burns

Inflation ticks up more than expected in Fed’s preferred gauge

Tobias Burns

Fed holds rates steady but sees first double dissent in three decades

Tobias Burns

Trump faces critical week on economy

Tobias Burns

5 ways Trump has shaped the economy in 6 months

Tobias Burns

Markets jump after Powell repels Trump attack

Tobias Burns

Trump's plans to sway Fed face hurdles beyond Powell

Tobias Burns

Housing starts tick up in June after hitting 5-year low

Tobias Burns

Warren goes to bat for Powell amid Trump criticism

Tobias Burns

Jamie Dimon touts Fed independence as Trump ponders replacing Jerome Powell

Tobias Burns

Will Bessent serve as Fed chair, Treasury secretary at the same time?

Tobias Burns

Markets sputter after Trump pushes tariff deadline

Tobias Burns

Here's how Trump's big bill will change taxes

Tobias Burns

US businesses await trade deals as financial markets brighten

Tobias Burns

Trump's big bill could have small economic impact, experts warn

Tobias Burns

World economy braces for impact of US strikes on Iran

Tobias Burns

Housing starts drop to lowest level since pandemic

Tobias Burns

Fed likely to keep rates steady amid trade war, Middle East conflict

Tobias Burns

Here's what's in the Senate GOP's version of Trump's 'big, beautiful bill'

Tobias Burns

Senate scales back additional Trump tax cuts in its version of 'big, beautiful bill'

Tobias Burns

Top earners to receive lion’s share of income boost from GOP bill: CBO

Tobias Burns

Bessent claims tariffs aren't taxes

Tobias Burns

Republicans lay groundwork for 'total tax cliff' at end of Trump’s term

Tobias Burns

World Bank slashes growth outlook on trade concerns

Tobias Burns

Musk predicts Trump's tariffs will cause recession amid growing spat with president

Tobias Burns

Job market is holding its breath amid tariff truce with China

Tobias Burns

‘Donors’ vs ‘takers’: SALT battle stirs debate between blue and red states

Tobias Burns

Dimon predicts ‘tough time’ for US bond market

Tobias Burns

US Chamber launches six-figure ad campaign behind GOP tax bill

Tobias Burns

Inflation keeps falling despite tariff clamor

Tobias Burns

Tariff court ruling throws another wrench into companies' trade strategies

Tobias Burns

Fed minutes show rising unemployment, stagflationary risks