Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
U.S.-Canada Trade Talks Collapse as Tariff War Escalates
Trade talks between the US and Canada have collapsed, setting the stage for another major escalation between the two longtime allies.
Iran Faces “Economic D-day” as U.S. Unleashes New Pressure
Iran’s currency has plunged to a record low against the dollar as Washington moves to intensify economic pressure on Tehran.
Bond Market Quickly Wipes Out Bessent’s Buyback Relief
The Treasury market’s brief calm evaporated Thursday, just one day after Scott Bessent unveiled a plan to increase government bond buybacks.
Bessent Bets the Deficit Has Finally Hit its Peak
Treasury Secretary Scott Bessent says there is a “very good chance” the U.S. budget deficit has peaked.
America’s Debt Breaks the $40 Trillion Barrier
The U.S. national debt has officially crossed $40 trillion, a historic milestone that comes less than a decade after the debt stood at roughly $20 trillion.
Trump Escalates Pressure on Iran with “Economic Warfare”
President Donald Trump is escalating his campaign against Iran, declaring what he calls “economic warfare”.
U.S. and Canada Race to Avert 50% Tariff Escalation
The U.S. and Canada entered last-minute negotiations as President Trump’s threatened 50% tariffs on certain Canadian goods approached their scheduled start.
Treasury Doubles Bond Buybacks as Bessent Moves to Calm Markets
The Treasury Department is doubling the size of its buyback operations for longer-term government debt.
Trump Sued Over Truth Social’s $100,000-A-Month Access Plan
President Trump and his media company are facing a federal lawsuit over a new Truth Social service that gives paying subscribers early access to his posts.
Hormuz Shipping Remains Far from Normal
Despite claims from the Trump administration that oil shipments through the Strait of Hormuz have largely recovered.
Press Secretary Karoline Leavitt is Leaving the White House
White House Press Secretary Karoline Leavitt is stepping down at the end of August after President Trump announced her departure.
Oil Surges as Hormuz Deal Starts to Look Less Certain
U.S. oil climbed back above $82 a barrel as doubts grew over whether a deal to stabilize traffic through the Strait of Hormuz will actually hold.
Trump Acknowledges Warsh Calls, But Denies a Pattern
President Trump says he recently spoke with Federal Reserve Chairman Kevin Warsh, while pushing back on reports that the two have been in regular contact.
Iran Ties Hormuz Reopening to Major U.S. Concessions
Iran says it will not reopen the Strait of Hormuz until the United States agrees to a sweeping list of demands, including lifting its blockade.
House Democrats Demand Answers After A.I. Hacking Spree
House Democrats are calling on the CEOs of OpenAI and Anthropic to testify before Congress following a series of cyberattacks involving AI systems.
$100 Billion Paid Back as Trump’s Tariff Plan Unravels
The Trump administration says it has refunded roughly $100 billion to businesses after the Supreme Court struck down the Trumps 2025 “Liberation Day” tariffs.
Blanche Scraps Controversial Fund to Clear Confirmation Path
Acting Attorney General Todd Blanche has formally rescinded the Trump administration’s proposed $1.8 billion “anti-weaponization” fund.
