Politics
All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
Inflation Warning Clouds the Fed’s Rate-Cut Debate
Fed Chair Kevin Warsh is sounding a cautious note on inflation, saying the recent trend in price pressures is concerning and deserves close attention.
U.S.-Canada Trade War Takes Another Turn
Trade tensions between the U.S. and Canada are escalating after negotiations collapsed, with Washington imposing new 50% tariffs.
Oil Slides as Washington Turns Up the Economic Heat on Iran
Oil prices dropped sharply as investors assessed the Trump administration’s latest sanctions campaign against Iran.
Trump Floats “Lake America” as Canada Trade War Escalates
President Donald Trump says he is considering renaming Lake Ontario “Lake America” as trade tensions between the United States and Canada intensify.
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.
