WEATHER ALERT
South Korea trade deal appears elusive as Trump seeks $350B investment
Read full article: South Korea trade deal appears elusive as Trump seeks $350B investmentAfter a charm offensive in Japan that culminated in $490 billion in investment commitments, President Donald Trump is set to meet with South Korea’s leader on Wednesday as a trade deal with that country appears more elusive.
US and China seek to strike a deal over rare earths, tariffs, soybeans
Read full article: US and China seek to strike a deal over rare earths, tariffs, soybeansThe United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.
The Latest: Judge orders senior Border Patrol official to meet her daily to discuss use of force
Read full article: The Latest: Judge orders senior Border Patrol official to meet her daily to discuss use of forceU.S. District Judge Sara Ellis has ordered a senior U.S. Border Patrol official to meet with her daily “to hear about how the day went” after weeks of confrontations between immigration agents and the public in the Chicago area.
Trump administration narrows list of potential Federal Reserve chairs to 5
Read full article: Trump administration narrows list of potential Federal Reserve chairs to 5Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
Big win in midterm vote for Argentina's President Milei boosts markets and vindicates Trump
Read full article: Big win in midterm vote for Argentina's President Milei boosts markets and vindicates TrumpArgentine President Javier Milei has hailed his party’s resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms.
The Latest: Trump meets with Japan’s newly elected, first female leader, Sanae Takaichi
Read full article: The Latest: Trump meets with Japan’s newly elected, first female leader, Sanae TakaichiU.S. President Donald Trump is meeting with Japan's newly elected, ultraconservative leader in Tokyo.
US imposes sanctions on Colombia’s president and family members over drug trade allegations
Read full article: US imposes sanctions on Colombia’s president and family members over drug trade allegationsThe Trump administration has imposed sanctions on Colombian President Gustavo Petro, his family, and a government member over drug trade allegations.
Trump says he'll meet with Putin in Hungary. He first meets Friday with Zelenskyy at the White House
Read full article: Trump says he'll meet with Putin in Hungary. He first meets Friday with Zelenskyy at the White HousePresident Donald Trump has announced plans to meet with Russia's Vladimir Putin to discuss ending the war in Ukraine.
US is working on doubling aid to Argentina to $40 billion by tapping private funding sources
Read full article: US is working on doubling aid to Argentina to $40 billion by tapping private funding sourcesThe Trump administration is looking to provide an additional $20 billion in financing for Argentina.
The Latest: Journalists leave Pentagon rather than agree to Trump administration’s reporting rules
Read full article: The Latest: Journalists leave Pentagon rather than agree to Trump administration’s reporting rulesDozens of reporters have turned in access badges and exited the Pentagon rather than agree to restrictions on their work.
Trump threatens to pull support for Argentina if its politics move leftward
Read full article: Trump threatens to pull support for Argentina if its politics move leftwardPresident Donald Trump has threatened to withdraw assistance from Argentina if its internal politics don't align with his interests in upcoming elections.
New US sanctions target 50 people, companies and ships for allegedly aiding Iran's oil and gas trade
Read full article: New US sanctions target 50 people, companies and ships for allegedly aiding Iran's oil and gas tradeThe Trump administration has imposed sanctions on a group of 50 people, companies and ships largely out of the United Arab Emirates, Hong Kong and China.
Social Security Administrator Frank Bisignano is named to the newly created position of IRS CEO
Read full article: Social Security Administrator Frank Bisignano is named to the newly created position of IRS CEOFrank Bisignano has been named CEO of the IRS, adding to his role as Social Security Administration Commissioner.
Trump administration imposes sanctions on some Iranian people and firms after UN decision
Read full article: Trump administration imposes sanctions on some Iranian people and firms after UN decisionThe U.S. imposes new sanctions on firms and individuals linked to Iran's missile and military aircraft production.
Trump says he and Xi will meet in South Korea in coming weeks and he'll later go to China
Read full article: Trump says he and Xi will meet in South Korea in coming weeks and he'll later go to ChinaU.S. President Donald Trump says he’ll meet Chinese leader Xi Jinping at a regional summit taking place in October in South Korea and will visit China early next year.
US and European officials meet to discuss new sanctions on Russia
Read full article: US and European officials meet to discuss new sanctions on RussiaU.S. and European officials have met at the U.S. Treasury Department to discuss economic pressure on Russia, including new sanctions and tariffs on Russian oil.
Trump says US will host next year’s G20 summit at his Florida golf club but he won't make money
Read full article: Trump says US will host next year’s G20 summit at his Florida golf club but he won't make moneyPresident Donald Trump says the U.S. will host next year’s Group of 20 summit at his golf club in southern Florida.
US and EU plan to discuss new Russia sanctions: What could be next for Putin?
Read full article: US and EU plan to discuss new Russia sanctions: What could be next for Putin?European officials, led by EU sanctions envoy David O’Sullivan, plan to visit the U.S. Treasury Department on Monday to discuss economic pressure on Russia, including new sanctions.
Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' plan
Read full article: Podcasters and influencers: The unexpected jobs covered under Trump's 'no tax on tips' planThe Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers.
Inflation or jobs: Federal Reserve officials are divided over competing concerns
Read full article: Inflation or jobs: Federal Reserve officials are divided over competing concernsFederal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September.
Trump says Intel CEO has an 'amazing story' days after calling for his resignation
Read full article: Trump says Intel CEO has an 'amazing story' days after calling for his resignationLess than a week after President Donald Trump called for the resignation of Intel’s CEO, shares of the chipmaker are rising after Trump said he had a “very interesting” meeting with Lip-Bu Tan.
Trump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the role
Read full article: Trump removes Billy Long as IRS commissioner, giving him the shortest-ever tenure in the rolePresident Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation.
What to know about Trump's newest and most sweeping tariffs
Read full article: What to know about Trump's newest and most sweeping tariffsPresident Donald Trump on Thursday imposed once unthinkably high U.S. taxes on imports from dozens of countries, part of his campaign to turn one of the world’s most open economies into a fortress bristling with barriers to trade.
The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and others
Read full article: The Latest: House committee issues subpoenas for Epstein files, depositions with Clintons and othersThe House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
The Latest: Trump signs order for more tariffs on US partners to go into effect in 7 days
Read full article: The Latest: Trump signs order for more tariffs on US partners to go into effect in 7 daysPresident Donald Trump signed an executive order Thursday placing tariffs on many U.S. trade partners — the next step in his trade agenda that will test the global economy and alliances.
US sanctions Brazil's Supreme Court justice overseeing case against Trump ally Bolsonaro
Read full article: US sanctions Brazil's Supreme Court justice overseeing case against Trump ally BolsonaroThe U.S. Treasury Department is imposing sanctions on Brazil’s Supreme Court Justice Alexandre de Moraes.
Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds
Read full article: Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis findsA new analysis suggests President Donald Trump's tariffs could increase factory costs by 2% to 4.5%.
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
Read full article: US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this yearU.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders.
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
Read full article: Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thingPresident Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States.
Flurry of trade deals offers relief for some Asian countries, while others wait
Read full article: Flurry of trade deals offers relief for some Asian countries, while others waitU.S. President Donald Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries.
House sends bill regulating stablecoins, a type of cryptocurrency, to Trump
Read full article: House sends bill regulating stablecoins, a type of cryptocurrency, to TrumpThe House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U_S_ the “crypto capital of the world.”.
Trump's previous tariff push terrified the world economy. He's betting this time is different
Read full article: Trump's previous tariff push terrified the world economy. He's betting this time is differentThe last time President Donald Trump rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged.
Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so far
Read full article: Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so farThe clock is ticking closer to U.S. President Donald Trump’s latest tariff deadline of Aug 1.
The Latest: Trump meets with Netanyahu for private dinner at the White House
Read full article: The Latest: Trump meets with Netanyahu for private dinner at the White HouseU.S. President Donald Trump held a private dinner with Israeli Prime Minister Benjamin Netanyahu as families of hostages held in Gaza push for any ceasefire agreement to include the release of all remaining hostages.
Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
Read full article: Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talksThe United States is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline when a tariff pause by President Donald Trump expires.
Musk says he's forming a new political party after split with Trump over tax cuts law
Read full article: Musk says he's forming a new political party after split with Trump over tax cuts lawElon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.
Deal with Beijing will speed China's export of minerals to the US, treasury secretary says
Read full article: Deal with Beijing will speed China's export of minerals to the US, treasury secretary saysWashington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production.
Lawmakers remove ‘revenge’ tax provision from Trump's big bill after Treasury requests its removal
Read full article: Lawmakers remove ‘revenge’ tax provision from Trump's big bill after Treasury requests its removalCongressional Republicans agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill Thursday after Treasury Secretary Scott Bessent asked members of Congress to do so earlier in the day.
Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO says
Read full article: Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO saysPresident Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects.
Senate Republicans seek tougher Medicaid cuts and lower SALT deduction in Trump's big bill
Read full article: Senate Republicans seek tougher Medicaid cuts and lower SALT deduction in Trump's big billSenate Republicans are proposing deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent.
Ex-congressman Billy Long confirmed as commissioner of the IRS, an agency he once sought to abolish
Read full article: Ex-congressman Billy Long confirmed as commissioner of the IRS, an agency he once sought to abolishFormer congressman Billy Long of Missouri has been confirmed to lead the Internal Revenue Service, an agency he once sought to abolish.
US imposes sanctions on a Palestinian NGO and other charities, accusing them ties to militant groups
Read full article: US imposes sanctions on a Palestinian NGO and other charities, accusing them ties to militant groupsThe U.S. Treasury Department on Tuesday imposed sanctions on a major Palestinian legal group for prisoners and detainees along with five other charitable entities across the Middle East, Africa and Europe, accusing them of supporting Palestinian armed factions and militant groups, including Hamas’ military wing, under the pretense of humanitarian aid in Gaza.
The US and China say they have agreed on a framework to resolve their trade disputes
Read full article: The US and China say they have agreed on a framework to resolve their trade disputesChinese state media say that the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month.
US imposes sanctions on El Chapo's fugitive sons, offers $10 million reward for their capture
Read full article: US imposes sanctions on El Chapo's fugitive sons, offers $10 million reward for their captureThe U.S. imposed sanctions on the two fugitive sons of incarcerated Mexican Sinaloa Cartel leader Joaquin “El Chapo” Guzman and announced a reward offer of up to $10 million each for information leading to the arrest or conviction of the sons.
The US and China are holding trade talks in London after Trump's phone call with Xi
Read full article: The US and China are holding trade talks in London after Trump's phone call with XiHigh-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy.
US, Chinese officials to meet in London next week for new round of trade talks
Read full article: US, Chinese officials to meet in London next week for new round of trade talksSenior U.S. administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday.
Trump once opened the door to the LGBTQ+ community. Now activists say he's their top threat
Read full article: Trump once opened the door to the LGBTQ+ community. Now activists say he's their top threatWhen he first ran for office, Donald Trump seemed like he could be a new kind of Republican when it came to LGBTQ+ rights.
US declines to label China a currency manipulator, but blasts its transparency policies
Read full article: US declines to label China a currency manipulator, but blasts its transparency policiesThe U.S. declined to label China a currency manipulator in a new Treasury report, but accuses Beijing of standing out among America’s major trading partners for lacking transparency.
Trump says after Xi call that US and China will resume trade talks
Read full article: Trump says after Xi call that US and China will resume trade talksPresident Donald Trump says his first conversation with Chinese leader Xi Jinping since returning to the White House had a “very positive conclusion," announcing the two countries will hold trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals.
Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubts
Read full article: Can Trump fix the national debt? Republican senators, many investors and even Elon Musk have doubtsPresident Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.
PBS suing Trump administration over defunding, three days after NPR filed similar case
Read full article: PBS suing Trump administration over defunding, three days after NPR filed similar caseThe nation's public television service, PBS, has filed suit against President Donald Trump's executive order that it be stripped of federal funding.
Trump says China 'violated' agreement on trade talks and he'll stop being 'nice'
Read full article: Trump says China 'violated' agreement on trade talks and he'll stop being 'nice'President Donald Trump said Friday that he will no longer be “Mr. NICE GUY” with China on trade, declaring in a social media post that the country had broken an agreement with the United States.
Trump's big plans on trade and more run up against laws of political gravity, separation of powers
Read full article: Trump's big plans on trade and more run up against laws of political gravity, separation of powersPresident Donald Trump’s big plans on trade, deportations and more are running up against the laws of political gravity and the separation of powers.
US sanctions two members of a Mexican drug trafficking group known as the Northeast Cartel
Read full article: US sanctions two members of a Mexican drug trafficking group known as the Northeast CartelThe United States has imposed sanctions on two members of the Mexican drug trafficking organization Cartel del Noreste, the Northeast Cartel, which was formerly known as Los Zetas.
Treasury secretary says Walmart’s warnings on price increases are a ‘worst-case scenario’
Read full article: Treasury secretary says Walmart’s warnings on price increases are a ‘worst-case scenario’Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.
Chinese businesses view tariff pause with caution and uncertainty
Read full article: Chinese businesses view tariff pause with caution and uncertaintyWhile U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach.
The Latest: Trump signs executive order that gives drugmakers 30-day deadline to lower costs
Read full article: The Latest: Trump signs executive order that gives drugmakers 30-day deadline to lower costsPresident Donald Trump has signed an executive order meant to try to lower drug costs for American consumers.
US Trade Representative Greer says US and China to roll back most tariffs
Read full article: US Trade Representative Greer says US and China to roll back most tariffsU.S. and Chinese officials say they have reached a deal to roll back most of their recent tariffs and call a 90 day pause so they can keep talking to resolve their trade disputes.
Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war
Read full article: Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade warU.S. stocks rallied after China and the United States announced a 90-day truce in their trade war.
