Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
New York Approves “Pied-à-Terre” Tax on Luxury Second Homes
New York lawmakers have approved a new pied-à-terre tax targeting ultra-luxury second homes in New York City worth more than five million dollars.
U.S. Warns Global Shippers Over Iran Strait Payments
The Trump administration is escalating economic pressure on Iran by sanctioning the country’s newly created Persian Gulf Strait Authority.
Oil Prices Tumble as Diplomatic Breakthrough Eases Supply Fears
Oil prices sank Wednesday after reports signaled progress toward a potential agreement between the United States and Iran that could reopen shipping lanes.
Oil Prices Fall on Hopes for U.S.-Iran Agreement
Global oil prices dropped sharply after reports suggested progress in negotiations between the United States and Iran.
Iran Threatens to Take War ‘Beyond the Region’
The Iran conflict is reaching a dangerous new flashpoint this morning, with both sides trading escalating warnings.
Why the Beijing Summit Could Reshape the Future of AI
Politico’s Aaron Mak breaks down the Trump-Xi Beijing summit, AI competition, semiconductor tensions and what it means for global tech.
Trump’s Fed Pick Kevin Warsh Set to be Sworn in on Friday
Former Federal Reserve Governor Kevin Warsh is preparing to officially become the next Chair of the Federal Reserve following Senate confirmation last week.
Trump Drops $10 Billion IRS Lawsuit
President Trump moved to drop his $10 billion lawsuit against the Internal Revenue Service this morning, according to court documents filed in Miami.
Kevin Warsh Confirmed as Next Fed Chair
Kevin Warsh has been confirmed as the next Federal Reserve chair, winning Senate approval in a 54-45 vote.
Trump Wraps China Summit with Modest Wins
President Trump has departed Beijing after two days of high stakes talks with Chinese President Xi Jinping, with both sides trading praise and touting progress.
Xi Promises China Will “Open Wider” to American Business
Chinese President Xi Jinping told top U.S. executives that China plans to “open wider” to American companies as trade and technology tensions remain high.
U.S.-China Talks Calm Markets but Trade Questions Remain
Markets reacted cautiously after President Donald Trump and Chinese President Xi Jinping held high-profile talks in Beijing.
Trump and Xi Prepare for High-Stakes Talks
President Donald Trump and Chinese President Xi Jinping are set to meet for major discussions focused on trade, technology, Taiwan, and geopolitical tensions.
Pentagon Releases New UFO Files in Major Transparency Push
The Pentagon has begun releasing a new wave of declassified UFO files, giving the public access to documents, videos, and government investigations.
Ceasefire Strains as Iran Tests U.S. Response in Strait of Hormuz
Defense Secretary Pete Hegseth said the ceasefire with Iran remains in place despite recent attacks in the Strait of Hormuz.
Trump Signs Bill Ending 76-Day DHS Shutdown
After 76 days without routine funding, a record for the agency, the Department of Homeland Security is finally back on stable financial footing.
Warsh Advances as Fed Pick Amid Political Tensions, Rate Uncertainty
The Senate Banking Committee has voted to advance Kevin Warsh as the next potential chair of the Federal Reserve.
