Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
Trump Strikes Landmark Deals to Slash Weight Loss Drug Prices in Historic Move
President Donald Trump announced sweeping agreements with Eli Lilly and Novo Nordisk to dramatically cut prices on popular weight loss drugs.
FAA to Cut Air Traffic by 10% Amid Controller Strain
The Federal Aviation Administration announced it will reduce air traffic by 10% across 40 major U.S. markets starting Friday to ensure safety.
Supreme Court to Hear Case on Trump’s Tariffs
The Supreme Court will hear arguments Wednesday on whether President Trump has the authority to impose sweeping tariffs on most imports.
Zohran Mamdani Elected Next Mayor of New York City
Zohran Mamdani has been elected the 111th mayor of New York City, becoming the city’s first Muslim, first South Asian, and youngest mayor in over a century.
Democrats Dash to Victory in VA. & N.J.
The Democratic Party picked up major wins on Election Night as Abigail Spanberger will become Virginia’s first female governor.
U.S. Government Shutdown Becomes Longest in History
The U.S. government shutdown has entered its 36th day on Wednesday, making it the longest in American history.
Politics and the Price of Groceries: Snap Benefits Caught in the Shutdown Crosshairs
Sabrina Siddiqui, National Politics Reporter at The Wall Street Journal, joins to break down the SNAP funding delays and the human cost of the ongoing shutdown.
Conservative Supreme Court justices appear skeptical of tariffs
Arguments at the Supreme Court have concluded for the day as the justices consider President Donald Trump's sweeping unilateral tariffs in a trillion-dollar test of executive power.
New York City Residents Head to the Polls to Elect New Mayor
New York City voters are set to elect a new mayor, with democratic socialist Zohran Mamdani leading the polls.
Trump Admin to Pay Half of Snap Benefits as Government Shutdown Continues
The Trump administration told a Rhode Island federal judge it will use $4.65 billion in contingency funds to pay 50% of November’s SNAP benefits.
The Supreme Court will weigh arguments on tariffs this weeek
For President Donald Trump, tariffs — or the threat of them — can bend nations to his will.
Tariffs Could Increase Costs by Over $40B This Holiday Season
According to LendingTree, American's wallets will be significantly impacted this holiday season due to President Donald Trump’s tariffs.
Trump 'Won't be Extorted' by Democrats During Gov't Shutdown
President Donald Trump said he “won’t be extorted” by Democrats to reopen the government, signaling no plans to negotiate as the shutdown nears its sixth week.
Mortgage Rates Jump Even as Fed Cuts Interest Rates
Despite the Fed Reserve cutting its benchmark rate this week, mortgage rates actually climbed, with the average 30-year fixed jumping 20 basis points to 6.3%.
Trump cuts tariffs on China after meeting Xi in South Korea
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Fed Cuts Rates Again but Powell Signals Uncertainty Over December Move
The Federal Reserve approved its second consecutive interest rate cut, lowering the benchmark rate to a range of 3.75%–4%.
Federal Reserve cuts key rate as shutdown clouds economic outlook
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
