Senate Begins Voting on Trump’s Sweeping Tax, Spending Plan
The U.S. Senate started voting on President Donald Trump's $3.3 trillion tax-cut and spending bill after a lengthy night of...
Economics
Clean Energy Cuts in Senate Bill Draw Fire from Allies
Business organizations together with labor unions oppose the Senate version of President Donald Trump's tax-and-spending package because they believe the...
Consumer Spending Dips as Tariff Effect Fades
The temporary spending increase from pre-tariff purchases has started to disappear as U.S. consumer spending decreased in May. The Commerce...
Powell Defends Fed’s Interest Payments on Bank Reserves
Federal Reserve Chair Jerome Powell defended the central bank's ability to pay interest on commercial bank reserves during his Wednesday...
U.S. Consumer Confidence Falls on Weaker Outlook for Jobs, Economy
The U.S. consumer confidence decreased in June because Americans became more doubtful about business conditions and job market prospects for...
Powell’s Fed Job Secure Despite Trump Pressure to Cut Rates
Federal Reserve Chair Jerome Powell will complete his term until May 2026 according to current indications despite President Trump's increasing...
U.S. Current Account Deficit Widens Sharply on Tariff Rush
The U.S. current account deficit reached its highest point at $450.2 billion during the first quarter because businesses rushed to...
Oil Drops as U.S. Sanctions Signal Diplomatic Path on Iran
The U.S. sanctions on Iran triggered oil price declines during Friday's market session because the country chose diplomatic solutions over...
U.S. Aims to Revoke Chip Waivers for Firms in China
Major chipmakers face disruption to global semiconductor production because the U.S. government plans to end waivers that let them use...
EU to Push China on Rare Earth Access at Summit
EU leaders will demand China to enhance rare earth mineral accessibility at their upcoming Beijing summit because of escalating geopolitical...
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