New research shows midsize U.S. companies pay far more in Trump-era tariffs, and the costs land at home.
President Donald Trump’s top economist on Wednesday urged that Federal Reserve economists be punished for research last week that showed American companies and consumers paying for nearly all the new tariffs imposed by the White House last year.
President Donald Trump’s plans for bringing homeownership within reach of more Americans involve pushing for lower interest rates on home loans and credit cards, and banning large institutional investors from buying single-family homes.
President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve.
The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell has sparked a backlash that may undermine the White House’s goals.
A leading candidate to be President Donald Trump’s choice for Federal Reserve chair says he would present the president’s views to Fed officials for their consideration but they could reject them if they chose when making decisions on interest rates.
The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months.
The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest rate cut.
The Labor Department will release its numbers on September hiring and unemployment next Thursday, a month and a half late, marking the beginning of the end of a data drought caused by the 43-day federal government shutdown.
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
Washington lawmakers remain at a standstill over reopening the government, showing few signs of progress as President Donald Trump says layoffs are “taking place right now.”.
The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House.
Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a “socialist” move: More is coming.
The House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
President Donald Trump has a pattern of dismissing or altering data that reflects poorly on him.
The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it.
The Supreme Court has cleared the way for President Donald Trump’s plans to downsize the federal workforce despite warnings from experts that vital government services will be lost and hundreds of thousands of federal employees will be out of their jobs.
U.S. President Donald Trump held a private dinner with Israeli Prime Minister Benjamin Netanyahu as families of hostages held in Gaza push for any ceasefire agreement to include the release of all remaining hostages.
The United States is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline when a tariff pause by President Donald Trump expires.
Business sentiment among large Japanese manufacturers has improved slightly, according to a survey by Japan’s central bank, despite persisting worries over President Donald Trump’s tariffs.
Possible changes to President Donald Trump’s big bill of tax breaks and spending cuts are being considered, though most of the amendments are expected to fail.
President Donald Trump’s big plans on trade, deportations and more are running up against the laws of political gravity and the separation of powers.
President Donald Trump’s top advisers and Nayib Bukele, the president of El Salvador, said Monday that they had no basis for the small Central American nation to return Kilmar Abrego Garcia, a Maryland man who was wrongly deported there last month.
White House advisers and Cabinet members are trying to project confidence and calm as they defend President Donald Trump’s economic policies after another week of reeling markets that saw the Republican administration reverse course on some of its steepest tariffs.
A federal judge lambasted a government lawyer who couldn’t explain what, if anything, President Donald Trump’s administration has done to arrange for the return of a Maryland man who was mistakenly deported last month to a notorious prison in El Salvador.
President Donald Trump’s new tariffs threaten to push up prices on clothes, mobile phones, furniture and many other products in the coming months.
The White House is sending mixed messages on tariffs as it pursues conflicting goals, frustrating foreign leaders and business executives who are desperate for clarity on a generational overhaul of international trade.
A bogus rumor that President Donald Trump was considering a pause in tariffs briefly lifted markets Monday before the White House shot down the unfounded reports.
President Donald Trump says he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S. He's digging in on his plans to implement the taxes that have sent financial markets reeling, raised fears of a recession and upended the global trading system.
Japan's trade minister says he has not gotten assurances from U.S. officials that the key U.S. ally will be exempt from higher tariffs, some of which take effect on Wednesday.
President Donald Trump's flurry of tariffs, government layoffs and spending freezes may be doing more to harm the U.S. economy than to fix it.
President Donald Trump says he is “strongly considering” levying new sanctions and tariffs on Russia for its war against Ukraine.
President Donald Trump has been cutting probationary employees as part of his effort to downsize the federal workforce.
An idea first proposed on social media has bubbled up to the White House and received President Donald Trump’s enthusiastic endorsement: Take some of the savings from billionaire Elon Musk’s drive to cut government spending and return it to taxpayers.
With egg prices soaring, the Trump administration is planning a new strategy for fighting bird flu that stresses vaccinations and tighter biosecurity instead of killing off millions of chickens when the disease strikes a flock.
President Donald Trump has already forced Colombia to accept deportees by threatening tariffs and is readying the same move against Canada and Mexico as soon as Saturday.
President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team.
Not even the White House is immune from the economic trend that's been called the "great resignation” as employers struggle to fill vacancies and workers jump to new jobs at record rates.
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Paul Winfree, a former Trump White House director of budget policy, doubted that the holdup on the economic update was on Trump's radar. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, noted that the law requires the White House to update its budget forecast. In 2017, the Trump administration criticized the Obama administration for rosy expectations of growth during the Great Recession more than a decade ago. An updated forecast in the mid-session review could make the Trump White House a similar target for criticism. This is a White House that is in denial about the trajectory of the economy.___Associated Press writers Alexandra Jaffe and Emily Swanson in Washington contributed to this report.
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President Donald Trump speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. It almost feels like today is the first day," Trump said at another point in the meeting. "So Im very happy, and the markets up very big, Trump said earlier in the day at another White House meeting. Trump met with restaurant owners and executives in the afternoon. I think you're going to have to open a lot of additional restaurants in this country," Trump told the executives.
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President Donald Trump speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. It almost feels like today is the first day," Trump said at another point in the meeting. "So Im very happy, and the markets up very big, Trump said earlier in the day at another White House meeting. Trump met with restaurant owners and executives in the afternoon. I think you're going to have to open a lot of additional restaurants in this country," Trump told the executives.
(CNN) - Expanding legal immigration could boost the American economy, said outgoing White House economic adviser Kevin Hassett. "We could absolutely improve the economy with immigration reform, and that's why we rolled out a plan to do that," Hassett said. Hassett, who will leave office soon, advocated for a points-based immigration system, which would consider factors like education to determine an immigrant's eligibility. Immigrant rights advocates object to Trump's merit-based immigration plan, arguing it favors well-off immigrants over asylum seekers and people without means. Trade deal hopesOn trade negotiations with China, Hassett said he believed all want to get a deal done.