Feb 04 WATCH: Treasury Secretary Bessent testifies on U.S. financial stability in House hearing By Fatima Hussein, Associated Press A hearing about oversight of the U.S. financial system devolved into insults several times Wednesday as Treasury Secretary Scott Bessent clashed with Democratic lawmakers over fiscal policy, the business dealings of the Trump family and other issues. Continue reading
Feb 04 WATCH: Vance says U.S. wants to create critical minerals trading bloc to counter China By Didi Tang, Josh Funk, Matthew Lee, Associated Press Vice President JD Vance said Wednesday that the trade war over the past year exposed how dependent most countries are on the critical minerals that China has a stranglehold on. Continue reading
Feb 02 WATCH: Trump announces plan for rare earth elements strategic reserve By Josh Boak, Matthew Lee, Associated Press The Trump administration plans to deploy nearly $12 billion to create a strategic reserve of rare earth elements, a stockpile that could counter China's ability to use its dominance of these hard to process metals as leverage in trade talks. Continue reading
Jan 30 Watch 6:34 What Trump's nomination of inflation hawk Kevin Warsh means for the Federal Reserve By Amna Nawaz, Diane Lincoln Estes President Trump announced Kevin Warsh as his pick to be the next chairman of the Federal Reserve. Warsh was an advisor to George W. Bush and served on the Federal Reserve’s Board of Governors from 2006 to 2011. If confirmed,… Continue watching
Jan 30 What economic experts think about Trump's choice of Kevin Warsh for Fed chair By Hannah Grabenstein Experts appear to view Warsh’s nomination with “cautious relief,” said Mark Gertler, a professor of economics at New York University. Continue reading
Jan 30 Trump names Kevin Warsh, former Federal Reserve official, as next Fed chair to replace Powell By Christopher Rugaber, Associated Press President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer… Continue reading
Jan 29 Trump threatens tariffs on any country that sells oil to Cuba, putting pressure on Mexico By Michelle L. Price, Megan Janetsky, Associated Press President Donald Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a move that could further cripple an island plagued by a deepening energy crisis. Continue reading
Jan 29 Trump says he'll announce Federal Reserve chair pick next week By Associated Press President Donald Trump said his pick will do a "good job" and that he wants the Fed to cut rates when there are signs of economic growth. Continue reading
Jan 29 Microsoft weighs on Wall Street as gold's price suddenly snaps back By Stan Choe, Associated Press The worst day for Microsoft in years is pulling the U.S. stock market away from its record heights on Thursday. Continue reading
Jan 28 Months after hearing arguments, the Supreme Court has yet to decide on Trump's tariffs By Mark Sherman, Lindsay Whitehurst, Associated Press When the Supreme Court granted an unusually quick hearing over President Donald Trump's tariffs, a similarly rapid resolution seemed possible. But nearly three months have elapsed since arguments in the closely watched case, and the court isn't scheduled to meet in public for… Continue reading