Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank
Read full article: Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bankPresident Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair.
US sanctions Lebanese lawmakers, security officials over Hezbollah influence
Read full article: US sanctions Lebanese lawmakers, security officials over Hezbollah influenceThe U.S. has imposed sanctions on Lebanese officials for allegedly maintaining Hezbollah's influence over state institutions.
Israel deports hundreds of Gaza flotilla activists after international backlash
Read full article: Israel deports hundreds of Gaza flotilla activists after international backlashIsrael says it has released and deported hundreds of activists who took part in a flotilla attempting to breach Israel's naval blockade of Gaza.
Netanyahu scolds Israeli security minister for releasing videos taunting detained flotilla activists
Read full article: Netanyahu scolds Israeli security minister for releasing videos taunting detained flotilla activistsIsraelās national security minister has drawn a sharp rebuke from his boss and triggered a backlash abroad after he released videos taunting detained activists from a flotilla that tried to reach Gaza.
Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war
Read full article: Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran warPrime Minister Keir Starmer insists that Britainās support for Ukraine remains strong, despite the U.K. delaying some new sanctions on Russian oil.
Trump discloses thousands of stock trades, some in companies directly influenced by his policies
Read full article: Trump discloses thousands of stock trades, some in companies directly influenced by his policiesRecent presidents have stayed away from trading stocks in companies whose fortunes they could lift or scuttle with the stroke of a pen.
Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply
Read full article: Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supplyTreasury Secretary Scott Bessent says the U.S. will give a 30-day extension for countries to import Russian oil already in tankers at sea.
China's Xi warns Trump that differences over Taiwan could lead to conflict
Read full article: China's Xi warns Trump that differences over Taiwan could lead to conflictChinaās Xi Jinping has warned President Donald Trump that their two countries could clash over Taiwan if the issue is not handled properly.
The Latest: Trump in China for Xi meeting to focus on Iran war, trade and US arms sales to Taiwan
Read full article: The Latest: Trump in China for Xi meeting to focus on Iran war, trade and US arms sales to TaiwanU.S. President Donald Trump has arrived in Beijing for his highly anticipated summit with Chinese leader Xi Jinping at a restless moment for a world worried about war, trade and artificial intelligence.
Trump downplays differences with China's Xi over Iran as he heads to Beijing for high-stakes summit
Read full article: Trump downplays differences with China's Xi over Iran as he heads to Beijing for high-stakes summitPresident Donald Trump is downplaying differences with President Xi Jinping over the U.S. conflict in Iran as he heads to Beijing for a high-stakes summit with the Chinese leader.
Trump advisers step up their calls on China to help open Strait of Hormuz ahead of Beijing summit
Read full article: Trump advisers step up their calls on China to help open Strait of Hormuz ahead of Beijing summitWhite House officials are renewing calls on China to use its influence with Iran to open the Strait of Hormuz.
US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truce
Read full article: US tries to force open the Strait of Hormuz as the UAE comes under attack in a test of Iran truceThe U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz.
Bessent wants Americans to avoid easy-money traps and invest in financial literacy
Read full article: Bessent wants Americans to avoid easy-money traps and invest in financial literacyTreasury Secretary Scott Bessent says heās concerned about the allure of easy money ā lottery tickets, buy now, pay later loans and the promise of a crypto windfall.
US hits Congo's former president with sanctions over support for rebels
Read full article: US hits Congo's former president with sanctions over support for rebelsThe Trump administration has imposed sanctions on former Congolese President Joseph Kabila for his alleged role in funding and providing political support to rebel groups operating in the east of his country.
Unorthodox leadership change in the works at Fed: Warsh on deck while Powell remains
Read full article: Unorthodox leadership change in the works at Fed: Warsh on deck while Powell remainsPresident Trumpās pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring āregime changeā to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White Houseās attacks.
Trump pursues new import taxes to replace the tariffs the Supreme Court rejected
Read full article: Trump pursues new import taxes to replace the tariffs the Supreme Court rejectedWhen the Supreme Court killed his favorite tariffs in February, President Donald Trump rolled out temporary import taxes to replace them.
Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changes
Read full article: Don't count on rate cuts just yet: Warsh as Fed chair may not lead to big policy changesPresident Donald Trump has made it clear he expects his choice for Federal Reserve chair to quickly cut interest rates once he takes office.
US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denial
Read full article: US extends waiver on Russian oil sanctions to ease Iran war shortages despite Bessent denialThe U.S. Treasury Department has extended its pause on sanctions on Russian oil shipments to ease shortages from the Iran war, days after Secretary Scott Bessent ruled out such a move.
From dropping bombs to pressuring banks: US pivots to economic warfare on Iran
Read full article: From dropping bombs to pressuring banks: US pivots to economic warfare on IranThe Trump administration is setting the stage to shift its war campaign toward a more economically focused effort aimed at choking Tehran into submission rather than relying on bombs alone.
US military says it will blockade Iranian ports after ceasefire talks ended without agreement
Read full article: US military says it will blockade Iranian ports after ceasefire talks ended without agreementU_S_ Central Command says it will begin a blockade of all Iranian ports at 10 a_m_ EDT Monday, or 5:30 p_m_ in Iran, to be āenforced impartially against vessels of all nations."
Trump criticizes European allies for not helping fix the damage his war against Iran has caused
Read full article: Trump criticizes European allies for not helping fix the damage his war against Iran has causedPresident Donald Trump entered his war of choice against Iran without consulting global allies.
Trump's go-to moves to influence the markets are increasingly falling flat as the Iran war drags on
Read full article: Trump's go-to moves to influence the markets are increasingly falling flat as the Iran war drags onPresident Donald Trump has prioritized efforts to calm the financial markets during the Iran war, but his go-to moves are starting to fall flat.
After markets rattle, Trump once again punts on following through with threat on Iran power plants
Read full article: After markets rattle, Trump once again punts on following through with threat on Iran power plantsFacing a convulsing stock market, President Donald Trump has moved to buy himself more time and hold off on carrying out a threat to obliterate Iranās energy plants.
US Treasury plans to put Trump's signature on new paper currency in first for sitting president
Read full article: US Treasury plans to put Trump's signature on new paper currency in first for sitting presidentThe Treasury Department plans to print President Donald Trumpās signature on every new U.S. paper bill.
Trump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk Sharpies
Read full article: Trump interrupts a Cabinet meeting dealing with the Iran war and rising prices to talk SharpiesPresident Donald Trump turned an otherwise serious Cabinet meeting into a long Sharpie story, arguing that it shows how he saves government money.
Trump's mixed messages on Iran: 'Winding down' the war and easing sanctions but adding more troops
Read full article: Trump's mixed messages on Iran: 'Winding down' the war and easing sanctions but adding more troopsPresident Donald Trump is sending mixed messages about the U.S. war with Iran, and that's raising even more questions about the direction of the conflict and his administration's strategy.
High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates
Read full article: High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest ratesAnother climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.
About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the war
Read full article: About 90 ships cross the Strait of Hormuz as Iran exports millions of barrels of oil despite the warAbout 90 ships including oil tankers have crossed the Strait of Hormuz since the beginning of the war with Iran.
Trump side-stepped diplomacy on his way to war in Iran. Now, he's asking China and others for help
Read full article: Trump side-stepped diplomacy on his way to war in Iran. Now, he's asking China and others for helpPresident Donald Trump relied on his gut and largely side-stepped diplomatic coordination as he made the decision to launch strikes on Iran with Israel.
US-China trade talks open in Paris, paving the way for Trump-Xi summit
Read full article: US-China trade talks open in Paris, paving the way for Trump-Xi summitChina's official news agency Xinhua reports that representatives from Beijing and Washington have begun their economic and trade talks in Paris.
US eases some Russian oil sanctions but crude prices stay high
Read full article: US eases some Russian oil sanctions but crude prices stay highThe U.S. is temporarily easing part of its sanctions measures on Russian oil, a reflection of global worries about sharply higher oil prices due to the Iran war.
Congressional Democrats say Trump tariffs will cost US households more than $2,500 this year
Read full article: Congressional Democrats say Trump tariffs will cost US households more than $2,500 this yearThe Trump administration is scrambling to replace the revenue the federal government lost when the Supreme Court struck down his biggest and boldest tariffs last month.
Bessent will meet China's vice premier in Paris ahead of Trump's visit to Beijing
Read full article: Bessent will meet China's vice premier in Paris ahead of Trump's visit to BeijingTreasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng in Paris for trade talks that set the stage for President Donald Trumpās visit to Beijing.
Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targets
Read full article: Trump downplays importance of Russia reportedly sharing intel with Iran to help it hit US targetsPresident Donald Trump says it's inconsequential if Russia has provided Iran with information to help Tehran target U.S. military personnel and assets in the Middle East.
Israel renews assault on Lebanon after Netanyahu promises 'many surprises' in next phase of war
Read full article: Israel renews assault on Lebanon after Netanyahu promises 'many surprises' in next phase of warIsrael is renewing its assault on southern Lebanon, including targeting commanders of the Lebanese branch of Iranās Revolutionary Guardsā Quds Force in Beirut.
A boost for Moscow in the shadow of Iran war: US allows India to buy Russian oil for a month
Read full article: A boost for Moscow in the shadow of Iran war: US allows India to buy Russian oil for a monthThe U.S. Treasury Departmentās decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow's fortunes against the backdrop of the Iran war as Russia's oil export earnings help pay for its own war against Ukraine.
More than 20 states sue over new global tariffs Trump imposed after his stinging Supreme Court loss
Read full article: More than 20 states sue over new global tariffs Trump imposed after his stinging Supreme Court lossSome two dozen states are challenging President Donald Trumpās new global tariffs in court.
IRS leader Bisignano declines to answer questions over unlawful taxpayer data disclosures to ICE
Read full article: IRS leader Bisignano declines to answer questions over unlawful taxpayer data disclosures to ICEIRS chief Frank Bisignano has largely declined to answer questions from lawmakers about unlawful releases of taxpayer data to immigration agents.
The IRS broke the law by disclosing confidential information to ICE 42,695 times, judge says
Read full article: The IRS broke the law by disclosing confidential information to ICE 42,695 times, judge saysA federal judge said that the IRS broke the law by illegally sharing thousands of taxpayersā addresses with Immigration and Customs Enforcement.
Trump administration hits Iran with new sanctions as nuclear talks near
Read full article: Trump administration hits Iran with new sanctions as nuclear talks nearThe Trump administration is expanding its pressure on Iran by imposing new sanctions aimed at the country's missile, drone and oil networks.
Supreme Court ruling against Trump's tariffs is unlikely to mean an end to trade policy chaos
Read full article: Supreme Court ruling against Trump's tariffs is unlikely to mean an end to trade policy chaosThe Supreme Courtās stunning rebuke of President Donald Trumpās most sweeping tariffs means he canāt conjure up new import taxes on a whim anymore.
After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff money
Read full article: After Supreme Court rebuke, Democrats call for government to refund billions in Trump tariff moneySenate Democrats are unveiling a bill to have the government refund about $175 billion in Trump-era tariff money after the Supreme Court ruled that President Donald Trump's emergency tariffs were illegal.
Trump has other tariff options after Supreme Court strikes down his worldwide import taxes
Read full article: Trump has other tariff options after Supreme Court strikes down his worldwide import taxesPresident Donald Trump is dealing with a major legal defeat Friday after the Supreme Court struck down many of the tariffs he imposed last year on nearly every country on earth.
Argentina's Milei heads to the US again, balancing Trump ties with growing China trade
Read full article: Argentina's Milei heads to the US again, balancing Trump ties with growing China tradeArgentinaās President Javier Milei deepens ties with U.S. President Donald Trump while trying to avoid a break with China, Argentinaās top trading partner.
A privacy breach at the IRS: Taxpayer data wrongly shared with DHS, court filing says
Read full article: A privacy breach at the IRS: Taxpayer data wrongly shared with DHS, court filing saysThe IRS has erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security, according to a new court filing.
Argentina and US sign a major trade deal to slash tariffs and boost a political alliance
Read full article: Argentina and US sign a major trade deal to slash tariffs and boost a political allianceArgentina and the United States have reached an expansive trade deal, a win for Argentine President Javier Milei as he moves to open up the South American nationās notoriously protectionist economy and a reflection of the close alliance between the radical libertarian and U.S. President Donald Trump.
Bessent says it would be up to Trump whether to sue his Fed nominee over interest rates
Read full article: Bessent says it would be up to Trump whether to sue his Fed nominee over interest ratesTreasury Secretary Scott Bessent says it would be up to the president to decide whether to sue Kevin Warsh, Donald Trump's nominee for Federal Reserve chair, if he doesn't lower interest rates.
On Capitol Hill, Treasury Secretary Bessentās testimony descends into insults and shouting matches
Read full article: On Capitol Hill, Treasury Secretary Bessentās testimony descends into insults and shouting matchesA hearing with Treasury Secretary Scott Bessent turned chaotic Wednesday as Democratic lawmakers clashed with him over fiscal policy and Trump family conflicts.
Trump says feds won't intervene during protests in Democratic-led cities unless asked to do so
Read full article: Trump says feds won't intervene during protests in Democratic-led cities unless asked to do soPresident Donald Trump says he's instructed Homeland Security Secretary Kristi Noem not to intervene in protests in Democratic-led cities unless local authorities request federal help.
New US sanctions against Iran target interior minister over crackdown on protesters
Read full article: New US sanctions against Iran target interior minister over crackdown on protestersThe Trump administration has imposed sanctions against Iranās interior minister, accusing Eskandar Momeni of repressing nationwide protests that have challenged Tehranās theocratic government.
Bessent warns Carney against picking a fight before US-Canada-Mexico trade talks
Read full article: Bessent warns Carney against picking a fight before US-Canada-Mexico trade talksTreasury Secretary Scott Bessent has a warning for Canadian Prime Minister Mark Carney: Your comments against U.S. trade policy could backfire, especially at a time when the U.S.-Mexico-Canada Agreement is facing a formal review.
Your baby could qualify for $1,000 with a Trump Account. Here's what to know
Read full article: Your baby could qualify for $1,000 with a Trump Account. Here's what to knowClaiming to give every child āa shot at financial freedom,ā President Donald Trump is unveiling the new Trump Accounts initiative, which gives $1,000 to every newborn if their parents open an account.
IRS faces stiff challenges in 2026 tax season due to workforce cuts and new laws, a watchdog says
Read full article: IRS faces stiff challenges in 2026 tax season due to workforce cuts and new laws, a watchdog saysThe national taxpayer advocate says the 2026 tax filing season is likely to face significant challenges due to IRS workforce reductions and complex tax law changes.
3 months after rapidly scheduled arguments, the Supreme Court has yet to decide on Trump's tariffs
Read full article: 3 months after rapidly scheduled arguments, the Supreme Court has yet to decide on Trump's tariffsWhen the Supreme Court granted an unusually quick hearing over President Donald Trumpās tariffs, a similarly fast resolution seemed possible.
US Treasury Department ends contracts with Booz Allen Hamilton after Trump tax leak
Read full article: US Treasury Department ends contracts with Booz Allen Hamilton after Trump tax leakThe U.S. Treasury Department has cut contracts with Booz Allen Hamilton after a former contractor leaked tax information about wealthy individuals, including Donald Trump.
Carney says Canada has no plans to pursue free trade agreement with China as Trump threatens tariffs
Read full article: Carney says Canada has no plans to pursue free trade agreement with China as Trump threatens tariffsCanadian Prime Minister Mark Carney says his country has no intention of pursuing a free trade deal with China.
Republican calls are growing for a deeper investigation into the fatal Minneapolis shooting
Read full article: Republican calls are growing for a deeper investigation into the fatal Minneapolis shootingA growing number of Republicans are pressing for a deeper investigation into federal immigration tactics after a U.S. Border Patrol agent fatally shot a man in Minneapolis.
US hits 9 tankers with sanctions over Iranian oil during protest crackdown and internet shutdown
Read full article: US hits 9 tankers with sanctions over Iranian oil during protest crackdown and internet shutdownThe United States has imposed sanctions on a fleet of nine ships accused of transporting hundreds of millions of dollars in forbidden Iranian oil to foreign markets.
US sanctions Costa Rican drug network, including an aesthetic salon, for trafficking cocaine
Read full article: US sanctions Costa Rican drug network, including an aesthetic salon, for trafficking cocaineThe U.S. has imposed sanctions on five Costa Ricans and five Costa Rican entities for allegedly transporting cocaine from Colombia.
China meets initial soybean purchase goal, but Trump's shifting trade policy could disrupt deal
Read full article: China meets initial soybean purchase goal, but Trump's shifting trade policy could disrupt dealThe Trump administration says China has fulfilled its initial commitment to buy 12 million metric tons of soybeans, but itās not clear if the trade agreement announced in October can withstand President Donald Trumpās ever-shifting trade policy as American farmers are still dealing with high production costs.
The Latest: House Speaker Johnson tells UK he hopes to ācalm the watersā
Read full article: The Latest: House Speaker Johnson tells UK he hopes to ācalm the watersāPresident Donald Trump meandered through a list of his administrationās accomplishments while speaking at a White House press briefing Tuesday.
What to know about the annual World Economic Forum meeting in Davos
Read full article: What to know about the annual World Economic Forum meeting in DavosNearly 3,000 high-level participants from business, government and beyond plus untold numbers of activists, journalists and observers are converging on the Swiss town of Davos for the World Economic Forumās annual meeting.
Criminal investigation raises key question: Whether Chair Powell leaves Fed in May
Read full article: Criminal investigation raises key question: Whether Chair Powell leaves Fed in MayThe Justice Departmentās investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends, or will he take the unusual step of remaining a governor.
US sanctions Iranian officials accused of repressing protests against the government
Read full article: US sanctions Iranian officials accused of repressing protests against the governmentThe U.S. is imposing new sanctions on Iranian officials accused of repressing protests against Iranās theocratic government.
Lawmakers propose $2.5B agency to boost production of rare earths and other critical minerals
Read full article: Lawmakers propose $2.5B agency to boost production of rare earths and other critical mineralsA bipartisan group of lawmakers has proposed creating a new agency with $2.5 billion to boost production of rare earths and the other critical minerals.
Trump administration labels 3 Muslim Brotherhood branches as terrorist organizations
Read full article: Trump administration labels 3 Muslim Brotherhood branches as terrorist organizationsPresident Donald Trump's administration has made good on its pledge to label three Middle Eastern branches of the Muslim Brotherhood as terrorist organizations, imposing sanctions on them.
Trump visits Ford plant and defends his tariffs, hoping to counter jitters about the economy
Read full article: Trump visits Ford plant and defends his tariffs, hoping to counter jitters about the economyPresident Donald Trump is defending his tariffs, using a major economic speech in Michigan to argue that they boost domestic manufacturing despite many Americans fears about rising prices.
As tensions flare in Minnesota, Treasury Secretary Bessent pushes a crackdown on fraud
Read full article: As tensions flare in Minnesota, Treasury Secretary Bessent pushes a crackdown on fraudTreasury Secretary Scott Bessent says his agency is taking a closer look at financial transactions between Minnesotan residents and businesses and Somalia.
US-based multinational companies will be exempt from global tax deal
Read full article: US-based multinational companies will be exempt from global tax dealThe Organization for Economic Cooperation and Development has finalized a deal exempting U.S. multinational corporations from paying more corporate taxes overseas.
US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdown
Read full article: US imposes sanctions on 4 Venezuelan oil firms and 4 more tankers in Maduro crackdownThe U.S. has imposed sanctions on four firms in Venezuela's oil sector and designated four additional oil tankers as blocked property.
The US Treasury wants more states to embrace Trump's tax cuts. So far, only a few have done so
Read full article: The US Treasury wants more states to embrace Trump's tax cuts. So far, only a few have done soLawmakers across the U.S. will be debating whether to adopt new federal tax breaks for tips, overtime and business expenses.
Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kids
Read full article: Billionaire Ray Dalio joins push to fund Trump Accounts, pledging $75 million to Connecticut kidsThe U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a ā50 State Challengeā to raise funds for the Trump Accounts program.
Treasury rachets up investigations targeting Minnesota's Somali community for fraud
Read full article: Treasury rachets up investigations targeting Minnesota's Somali community for fraudThe Treasury Department is targeting businesses used to send money abroad as President Donald Trump's administration ramps up investigations into fraud within Minnesota's Somali community.
Democratic governors say the party's midterm strategy must focus on voters' pocketbook concerns
Read full article: Democratic governors say the party's midterm strategy must focus on voters' pocketbook concernsDemocratic governors who met over the weekend in Arizona say the party must focus on affordability in next year's midterm elections.
Bessent says White House may 'veto' Federal Reserve presidents
Read full article: Bessent says White House may 'veto' Federal Reserve presidentsTreasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserveās regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.
Trump targets Minnesota's Somali community with harsh words and policies
Read full article: Trump targets Minnesota's Somali community with harsh words and policiesPresident Donald Trump and his top officials have recently criticized Minnesota's Somali community, drawing attention to immigrants from the war-torn East African country.
Federal authorities plan operation in Minnesota focusing on Somali immigrants, AP source says
Read full article: Federal authorities plan operation in Minnesota focusing on Somali immigrants, AP source saysFederal authorities are preparing an immigration enforcement operation in Minnesota, focusing on Somali immigrants living unlawfully in the U.S. The operation, which could begin soon, targets people in the MinneapolisāSt. Paul area with final deportation orders.
