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U.S. expands sanctions on Iran as economic pressure campaign accelerates
Treasury Secretary Scott Bessent announced secondary sanctions Monday targeting businesses that maintain relationships with Iran as the Trump administration ramps up its efforts to economically isolate the Islamic regime.
Canada retaliates against U.S. tariffs with dollar-for-dollar levies
Canada is retaliating against President Trump's 50% tariffs on Canadian products, threatening a dollar-for-dollar counterattack beginning Sept. 8.
U.S. imposes 50% tariffs on $20B worth of Canadian products, and Canada says it will retaliate
The United States imposed 50% tariffs on $20 billion worth of Canadian products early Saturday, and Canada immediately said it would retaliate, after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies.
DHS can’t make cities ditch DEI to get disaster relief, judge rules
A federal judge dealt a new blow to the Trump administration's attempt to reel in diversity, equity and inclusion policies, blocking the Department of Homeland Security from conditioning disaster relief on states ditching DEI.
Supreme Court blew a nearly trillion-dollar hole in budget by striking down Trump tariffs
The Supreme Court's decision striking down President Trump's broad tariffs on imports will cost the U.S. Treasury dearly, blowing a net $900 billion hole in the budget over the next decade after accounting for interest and replacement tariffs, according to the Congressional Budget Office.
Pentagon officially opens program to loan government money to private investment funds
The Pentagon late Thursday officially opened a new program to give government loans, potentially worth billions of dollars, to private investment funds.
States pour taxpayer dollars into college sports as athlete pay, soaring costs squeeze budgets
Win or lose, the North Carolina Tar Heels already will be in elite company when they kick off the college football season against Texas Christian University in a game played in Dublin. They will be among a small but growing number of athletic programs receiving taxpayer funding from their home states.
Federal government sets record for red ink, warning sign for Washington
The federal government has topped $40 trillion in total debt for the first time in history, setting a record for red ink.
Trump signs marble slab as part of new White House helipad
President Trump on Wednesday signed a marble piece that will be part of the new South Lawn helipad he says will be operational this month.
Retail sales unexpectedly fall in July as government tax refunds fade
Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded.
Illinois gas station sells sole winning ticket for $1 billion Powerball jackpot
A Powerball ticket sold at a gas station in western Illinois was the sole winner of the $1 billion jackpot, ending a three-month drought without a top-prize victor.
Tax hawks warn farm bill threatens to raise price at the pump
Americans for Tax Reform calculated that the Agricultural Act provision allowing for year-round high-ethanol gasoline would increase fuel costs for Americans.
Rights group warns Israel’s policies are pushing the West Bank healthcare system to collapse
For six months, 70-year-old Bassam Musleh searched desperately for a pharmacy or clinic that could fill his prescription for blood pressure and other heart medications. Public dispensaries were out of stock, he said, and he couldn't afford the private ones.
Trump touts tax cuts, winning economy in Las Vegas, but it’s hard to shake Americans’ money woes
President Trump on Wednesday told a crowd in a casino ballroom that his policies are putting money in their pockets, a message intended for a larger audience of midterm election voters who are dissatisfied with the economy.
Social Security insolvency, automatic benefit cuts draw near as lawmakers butt heads
Staring down Social Security's looming insolvency, senators found Wednesday they're miles apart when it comes to answers.
Senate advances government funding stopgap in early effort to head off shutdown
The Senate on Monday advanced a stopgap government funding bill, an early start to a bipartisan effort to avoid a shutdown this fall ahead of the midterm election.
Senate to vote on stopgap bill to keep government open through Dec. 11
The Senate is set to take a test vote Monday on a stopgap appropriations bill that will keep the government open through Dec. 11. The measure, released Sunday evening, has bipartisan support and is expected to earn more than the 60 votes needed to overcome any filibuster.
Trump appeals court ruling blocking IRS settlement
President Trump and his sons said Friday they are appealing a court decision that blocked the deal he reached with his own administration settling his $10 billion lawsuit against the IRS.
Tax returns show California’s Newsom earning between $1.7 million and $2 million annually
California Gov. Gavin Newsom and his wife made between $1.7 million and $2 million annually from 2022 through 2024, and they paid about half a million a year in federal and state taxes, according to tax returns released by his office.
Trump’s ‘anti-weaponization’ fund has become a roadblock for his attorney general nominee
President Trump's "anti-weaponization" fund has become the chief stumbling block to Todd Blanche's confirmation as attorney general, with key Republicans saying they cannot let him be approved until the $1.776 billion idea is fully eradicated.