Economy & Markets
Fed policy, inflation, jobs, market trends, and fiscal analysis
255 articlesExpert analysis on market shifts, fiscal policy, and the economic indicators driving global and domestic prosperity.
Waltz Blames Biden for Depleted Stockpiles but Says US Military Has Everything It Needs
UN Ambassador Mike Waltz acknowledged munitions depletion while defending current military readiness in Sunday interview.
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Ambassador Mike Waltz Dismisses Concerns Over Depleted U.S. Weapons Stockpile Amid War With Iran
Economy & MarketsPublic Media Organizations Adapt After Federal Funding Cuts as Donor Support Surges
Economy & MarketsU.S. Sets New Tariffs on Dozens of Countries as Temporary Duties Expire
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US Hits Dozens of Trading Partners With New Wave of Tariffs
The administration announces sweeping tariff measures targeting multiple countries, marking a significant escalation in trade policy.
Marcus Webb
· 4 min
US Announces Fresh Raft of Tariffs on Overseas Goods
The administration targets multiple trading partners with new import levies, marking an escalation in ongoing trade policy shifts.
Marcus Webb
· 4 min
U.S. Filings for Unemployment Aid Fall to 187,000 Last Week, Fewest Since 1969
The historically low weekly jobless claims come as June hiring slowed to just 57,000 jobs and major companies including Microsoft announced significant workforce cuts.
Marcus Webb
· 3 min
Subcontractor Alleges Unpaid Bills for Obama Presidential Center Work, Filed $1.72M Mechanic's Lien
Mike Owen of Adamson Plumbing Contractors says he is owed nearly $4 million and laid off 25 workers after a missed $100,000 payment disrupted his business operations.
Marcus Webb
· 3 min
House Passes Pentagon Funding and Limits on Stock Trades Before Recess
The package includes roughly $895 billion in defense spending alongside a provision barring members of Congress from trading individual stocks while in office.
Marcus Webb
· 4 min
The Battle for Congress Gets a Wall Street-Style Scoreboard Powered by Real-Money Bets
Kalshi launches Midterms Hub as prediction markets increasingly rival traditional polling in tracking election odds
Marcus Webb
· 4 min
Prediction Markets Emerge as New Tool for Tracking Congressional Races
Kalshi launches midterms hub combining real-money trading odds with polling data and fundraising figures, raising questions about market influence on election forecasting.
Marcus Webb
· 3 min
Arson Charge Lodged Against Ex-Army Soldier in Fiery Attack on Manhattan Federal Building
The case remains in early stages, with court documents outlining the specific charges but details still emerging.
Marcus Webb
· 4 min
States Want to Bring Medicaid Behind Bars as Federal Changes Complicate Efforts
A wave of state legislation seeks to extend Medicaid coverage to incarcerated individuals, but recent federal policy shifts are creating new obstacles for these initiatives.
Marcus Webb
· 4 min
House Adopts Biggs Amendment to Cut Defense Budget If Pentagon Fails Audit
The Republican measure would trigger a 0.5% spending reduction for any Pentagon component that does not pass its audit, adopted via voice vote Tuesday.
Marcus Webb
· 3 min
Wisconsin Election Officials Warn Prediction Market Bettors Could Lose Voting Rights
The state Election Commission says residents who place bets on elections they participate in face legal consequences including potential loss of ballot casting rights.
Marcus Webb
· 3 min
Elite Universities Face Federal Scrutiny Over $27.6 Million From China-Linked Entities
The Education Department reports dozens of institutions received funds from foreign entities on federal watchlists, prompting warnings about potential grant restrictions.
Marcus Webb
· 3 min
Fox News Power Rankings: Voters Say They're in Economic Pain, but Will Democrats Gain?
A majority of Americans disapprove of President Trump's handling of the economy as Democrats seek to capitalize on voter discontent heading into the midterms.
Marcus Webb
· 4 min
Colombia's Petro Urges Supporters to Defend Reforms in Final Presidential Address
Outgoing left-wing president called for mass mobilization against incoming administration's planned labor law changes as he accused foreign powers of election interference.
Marcus Webb
· 4 min
Teamsters Push for Mexican Beer Tariffs as Union Cites Threat to U.S. Brewery Jobs
The International Brotherhood of Teamsters has filed formal recommendations with the USTR seeking up to 75% tariffs on imports like Modelo and Corona, arguing Mexico's industrial policies have unfairly advantaged its brewing sector.
Marcus Webb
· 4 min
Mamdani Embraces Democratic Socialist Identity While Insisting Wall Street Has Nothing to Fear
The NYC mayor argues his economic vision reflects FDR's New Deal roots even as he pushes for higher taxes on the city's wealthiest residents.
Marcus Webb
· 4 min
What's Really Behind America's Male Recession?
University of Connecticut researchers argue declining labor force participation stems from childhood expectations about work rewards, not just job availability.
Marcus Webb
· 4 min
ICE Resumes Vehicle Stops After Trump Reversal, Citing Effectiveness in Targeting
The agency paused traffic stops following a second officer-involved shooting in Maine before the president overruled guidance Wednesday.
Marcus Webb
· 4 min
GOP's $95B Defense Package Survives Critical Hurdle amid Fiscal Hawk Revolt
House Budget Committee passes framework on party-line vote, but conservative members threaten to block floor action over lack of spending offsets.
Marcus Webb
· 4 min
Trump Media Launches Truth API for Wall Street Early Access
The paid data feed would give investment firms real-time access to posts from the platform's highest-ranking accounts, raising questions about information equity.
Marcus Webb
· 4 min
Economists Debate Faster Growth as Solution to America's Mounting Debt Crisis
Policy experts weigh proposals targeting 3.5% GDP growth through infrastructure and immigration reform against calls for immediate spending cuts.
Marcus Webb
· 4 min
Billions in Taxpayer Income Are Leaving California, New York as Americans Relocate to Lower-Tax States
IRS data show the 10 counties with the largest net losses of taxpayers were all located in California and New York, with departing filers taking nearly $1.9 billion from Los Angeles County alone.
Marcus Webb
· 4 min
Budget Consequences of Graham's Sudden Departure
The departure of Senator Lindsey Graham from the Senate Budget Committee has created procedural complications for Republican fiscal priorities, with implications for reconciliation efforts and committee assignments.
Marcus Webb
· 4 min
Congresswoman Dina Titus Urges CFTC to Close Regulatory Loophole on Prediction Markets
The Nevada Democrat argues that platforms like Kalshi exploit a gap by labeling event contracts as financial derivatives, bypassing state consumer protections.
Marcus Webb
· 3 min
Maine Sen. King Says Feds Lack Credibility, Locals Need Role in ICE Shooting Investigation
The independent senator called for body cameras, independent oversight, and an end to vehicle pursuit quotas following the fatal shooting of a 26-year-old Colombian national in Biddeford.
Marcus Webb
· 4 min
Manhattan Luxury Real Estate Market Slows as Mamdani Pied-à-Terre Tax Takes Effect
Brokers report just one trophy home above $10 million entered contract last week, citing mayor's rhetoric and new tax spooking affluent buyers.
Marcus Webb
· 3 min
Can American Economics Change?
Economists and policymakers debate whether the U.S. can fundamentally shift its approach to trade, tariffs, and fiscal policy under current leadership.
Marcus Webb
· 4 min
Qatar Investment Authority Vetoes Volkswagen-Rafael Deal, Jeopardizing 2,300 German Jobs
The QIA, holding 17% of VW voting rights as third-largest shareholder, blocked a partnership to manufacture Iron Dome components at the automaker's struggling Osnabrück plant.
Marcus Webb
· 4 min
Lawmakers Question Whether 'Adult' Game Labeling Misleads Consumers, Parents
Critics argue that the broad categorization conflates crude humor with mature content, while industry defenders say labeling decisions fall to manufacturers.
Marcus Webb
· 4 min
Prediction Market Users Wager Nearly $200 Million on Midterm Elections
NBC News analysis of 1,408 open markets on Kalshi and Polymarket reveals scale of political betting ahead of November contests.
Marcus Webb
· 3 min
Innovation, Data Fixes Fuel Native American Graduation Gains at Federally Funded Schools
Graduation rates at Bureau of Indian Education schools climbed from roughly 50% in 2015 to a record 79% by 2025, though tribal leaders warn that federal changes could threaten progress.
Marcus Webb
· 4 min
Apple Sues OpenAI Over Alleged Trade Secret Theft, Filing Claims Ex-Employees Stole Product Designs
The lawsuit filed in federal court alleges a coordinated scheme to steal iPhone maker's manufacturing and supply chain secrets for ChatGPT-maker's benefit.
Marcus Webb
· 3 min
Americans Discover Streaming Fragmentation Mirrors Cable Frustrations
Industry data shows 7 of the top 10 programs in the 2025-2026 season were streaming-exclusive, as consumers face multiple subscription bills.
James Callahan
· 4 min
Costco Discontinues Award-Winning Kirkland Signature Craft Beers, Fans React
The retailer's decision to end sales of the Helles Lager and Vintage Ale, co-branded with Oregon-based Deschutes Brewery, marks a shift in Costco's private-label beer strategy.
Marcus Webb
· 3 min
Vance Outlines Federal Antifraud Efforts From Wisconsin
Vice president, serving as administration's 'fraud czar,' addresses social service and healthcare fraud priorities during Milwaukee visit.
Marcus Webb
· 4 min
Mourners Greet Khamenei Funeral Procession in Iraq as US, Iran Trade Strikes
Thousands gather in Najaf to honor Iran's late supreme leader while tensions between Washington and Tehran escalate with military exchanges.
Marcus Webb
· 4 min
Trump Administration Moves to Expand Investment Options in 401(k) Plans, Raising Accountability Questions
The Department of Labor under Daniel Aronowitz is rewriting fiduciary standards that protect workers from costly or poorly performing investment options.
Marcus Webb
· 5 min
Australian Lawful Permanent Resident Charged With Illegally Voting in 2 Federal Elections
Denise Nataly Migliore allegedly falsely claimed U.S. citizenship to register and vote in Louisiana's 2022 and 2024 federal elections, facing up to five years in prison if convicted.
Marcus Webb
· 3 min
Treasury Scraps Plans to Put Harriet Tubman on $20 Bill
The reversal halts an initiative first announced during the Obama administration that had faced years of delays and political debate.
Marcus Webb
· 3 min
Justices Kagan, Barrett to Testify Before Congress on Supreme Court Budget
The two justices will appear before the House Appropriations Subcommittee on July 14, marking a notable instance of direct judicial testimony on funding matters.
Marcus Webb
· 3 min
America Is Already Locking Up Toothpaste, and the Mass Layoffs Have Barely Started
Economists and policymakers debate how automation will reshape blue-collar employment as technology accelerates
Eleanor Cross
· 4 min
Federal Crime Task Force in Memphis Surpasses 10,000 Arrests in Nine Months
The Memphis Safe Task Force has made approximately 10,600 arrests since deployment, including the rescue of a 14-year-old girl from an alleged trafficking situation last week.
Marcus Webb
· 3 min
Ankara Markets Drones, Air Defense to States Looking to Reduce Reliance on U.S. Weapons
Turkey hosts largest defense industry forum in NATO history as allies seek alternatives to American-made weaponry.
Marcus Webb
· 3 min
Dallas Fed Working Paper Examines Immigration Surge and Housing Costs
The research estimates that approximately 7 million unauthorized arrivals from 2021 to 2024 affected local labor markets while pushing home prices up significantly.
Marcus Webb
· 3 min
NYC Budget Allocates $7 Million for Trans Equity Programs as Veterans Services Face $1 Million Cut
The city's $126 billion spending plan includes $40,000 for Drag Story Hour programs while the Department of Veterans' Services budget drops more than 13 percent.
Marcus Webb
· 4 min
Nasdaq Falls After June Hiring Report Misses Expectations
Technology stocks led declines as investors weighed signs of slowing labor market growth against broader economic data.
Marcus Webb
· 4 min
Federal Judge Blocks Virginia Law Prohibiting ICE Agents From Wearing Masks on the Job
Judge Robert Payne ruled the state's attempt to restrict federal immigration officers violates the Constitution's Supremacy Clause, siding with the Trump administration in a pre-enforcement challenge.
Marcus Webb
· 3 min
Corning Partners With NVIDIA to Create 3,000 Jobs as AI Infrastructure Demand Surges
Corning's partnership with NVIDIA to build three advanced optical manufacturing facilities is expected to create more than 3,000 jobs across North Carolina and Texas.
Marcus Webb
· 4 min
America's Favorite Beers and the Jobs Tied to Them Are at the Center of a Brewing Trade Fight
A new economic report argues that tariffs on Mexican beer would backfire by hurting U.S. distribution, retail and hospitality workers.
Marcus Webb
· 3 min
Cuban Official Says U.S. Talks at Standstill Despite Free-Market Reforms
The announcement comes as Cuba faces mounting economic pressure from renewed sanctions and an energy embargo imposed by President Trump in January.
Marcus Webb
· 4 min
New Legal Precedent Could Shift Liability for Social Media Platforms in Child Safety Cases
Courts are examining whether platforms bear responsibility when minors are exploited through their services, with rulings potentially reshaping industry practices.
Marcus Webb
· 3 min
Luigi Mangione Returns to Federal Court as Jury Selection Plans Take Shape
The accused killer of UnitedHealthcare CEO Brian Thompson faces separate state and federal prosecutions, with his defense warning that extensive media coverage could compromise jury impartiality.
Marcus Webb
· 4 min
Church Members Across Political Spectrum Unite to Eliminate Medical Debt in North Carolina
Trinity Moravian Church's latest campaign raised $17,000 and retired more than $2.2 million in debt for local residents.
Marcus Webb
· 4 min
Senators Debate Federal Role in Regulating Online Sports Gambling
A Senate Commerce subcommittee hearing examined sports integrity concerns as 39 states and DC have already legalized the practice under their own rules.
Marcus Webb
· 4 min
Apple Increases Prices for Macs and iPads, Citing Memory Chip Shortage Fueled by AI Demand
Entry-level MacBook Neo rises from $599 to $699 while analysts warn iPhone prices could increase by up to $200 later this year.
Diane Park
· 3 min
Federal Government Lifts Export Ban on Anthropic's Mythos 5 Model
Commerce Secretary Lutnick permits over 100 companies to access the advanced AI model, reversing June restrictions amid security review.
Marcus Webb
· 3 min
Consumer Advocates Sue Polymarket Over Alleged Fake Bets, Secret Ads Targeting Students
The National Association of Consumer Advocates filed the complaint Friday in D.C. Superior Court, alleging the betting platform ran a deceptive marketing campaign targeting young people.
Marcus Webb
· 3 min
New York City Allocates $15 Million For Gender-Affirming Healthcare Initiatives Amid Federal Clash
Mayor Mamdani frames the taxpayer-funded package as a defense against federal efforts to restrict gender-affirming care, with city officials preparing for potential litigation.
Marcus Webb
· 4 min
GOP Fiscal Hawks Largely Unmoved by Hegseth's Defense Dollars Pitch
The $87.6 billion Iran supplemental and $1.5 trillion in combined defense requests face resistance from Republican budget conservatives demanding offsetting cuts.
Marcus Webb
· 4 min
Federal Officials Plan to Offload Some Warehouses Purchased for Immigrant Detention
Immigration and Customs Enforcement is retreating from a plan to hold up to 10,000 detainees at single sites, scrapping $1 billion in warehouse purchases amid legal challenges and infrastructure concerns.
Marcus Webb
· 4 min
Prediction Markets Face Scrutiny Over Marketing Practices as Regulatory Window Remains Open
Critics say platforms like Polymarket are exploiting the gap between advertising claims and actual products during a period of favorable federal oversight.
Marcus Webb
· 4 min
Polymarket Launches Investigation After Wall Street Journal Report on Deceptive Marketing Practices
The prediction market platform says it is auditing its promotional content after an investigation alleged creators were paid to produce videos showing $1.9 million in fake winnings.
Marcus Webb
· 3 min
After Losing Jobs for Posting About Charlie Kirk's Assassination, Some Receive Six-Figure Settlements
Reuters documented more than 600 public employees who faced consequences for social media posts about the conservative activist shot in September 2025.
Marcus Webb
· 5 min
Texas Gov. Abbott Says State Will Seek Federal Reimbursement for Border Security Costs Incurred During Biden Administration
The move opens a new chapter in ongoing disputes over who bears responsibility for border enforcement expenses, with Texas seeking billions.
Marcus Webb
· 4 min
Fed Holds Rates Steady at 3.5% to 3.75%, Warsh Breaks With Colleagues on Projections
Inflation hit a three-year high of 4.2 percent in May amid energy shocks from the Iran war, complicating the central bank's rate decisions.
Marcus Webb
· 3 min
Influential Former Fed Chair Alan Greenspan Dies at 100
Greenspan led the Federal Reserve for nearly two decades, shaping monetary policy through multiple economic crises from the dot-com boom to the 2008 financial turmoil.
Marcus Webb
· 4 min
Poll: 44% of Americans Say Election Betting Should Be Illegal as Prediction Markets Explode
The POLITICO Poll conducted by Public First finds a majority would not consider using prediction markets despite nearly $700 million already wagered on 2028 presidential race.
Marcus Webb
· 3 min
College Student Posted Videos of $410,000 in Polymarket Wins That Never Happened, WSJ Reports
Wall Street Journal investigation found George Makihara staged the betting videos to build a social media following around prediction market content.
Marcus Webb
· 3 min
Curaçao Uses World Cup Spotlight to Court American Investors at Kansas City Conference
The Caribbean island of roughly 158,000 people is leveraging its historic World Cup qualification to attract foreign investment in energy, logistics, and hospitality sectors.
James Callahan
· 3 min
Cuba Passes Sweeping Free-Market Reforms in Biggest Economic Shift Since Revolution
The 176 measures include private business expansion, private banking authorization and fast-food chain permits—but analysts say U.S. sanctions could render many of them ineffective.
Marcus Webb
· 4 min
Former Rep. Elaine Luria Reverses Stance on Congressional Stock Trading Ban in Virginia Comeback Bid
The Democrat, who once called stock trading restrictions 'bull----,' now says she will support the STOCK Act as she competes for a competitive House seat.
Marcus Webb
· 4 min
Sen. Slotkin to Introduce Bill Barring Presidents From Deploying Troops or Armed Federal Agents at Polling Sites
The legislation, backed by five Democratic senators from battleground states, would require congressional approval before armed forces could be sent to defend polling places.
Marcus Webb
· 4 min
"Something Big": Feds Reveal How Relatives of Suspects in Foiled White House UFC Plot Saw Warning Signs
Bryan Omar Roa, 24, and Tycen Proper, 19, were charged with federal crimes after authorities say family members reported concerns about online communications and weapons stockpiles.
Marcus Webb
· 4 min
Massachusetts Senate Candidates Trade Sharp Attacks in Fiery Debate as Incumbent Markey Skips Event
Rep. Seth Moulton and Republican John Deaton clashed over Trump, immigration and foreign aid during the Tuesday night debate that the incumbent did not attend.
Marcus Webb
· 4 min
House Bill Would Strip Federal Funding From Colleges With Alleged Ties to Chinese Communist Party
The Espionage Protection Act would revoke funding for intelligence programs at universities maintaining relationships with CCP-tied organizations, targeting the Confucius Institute and research partnerships.
Marcus Webb
· 4 min
Federal Government Asks Judge to Stop Evanston Black Reparations Program in Constitutional Challenge
The DOJ is intervening in a 2024 lawsuit against the Illinois city's program, which uses marijuana tax revenue to compensate descendants of residents who faced housing discrimination.
Marcus Webb
· 4 min
15 Antifa Members Indicted, 12 Arrested in Federal Probe Into Minneapolis Anti-ICE Operations
The 94-page complaint alleges the group Direct Action Minnesota Network coordinated street blockades, vehicle tracking and surveillance against federal immigration officers using encrypted Signal chats.
Marcus Webb
· 4 min
Colorado Reverses Anti-ICE Certification Requirement for Court E-Filing System After GOP Opposition
Gov. Jared Polis signed House Bill 26-1276 creating a carveout for attorneys after the requirement drew fire from Republican lawmakers and a potential First Amendment lawsuit.
Marcus Webb
· 3 min
Feds Charge 15 in Minneapolis Over Alleged Plots to Interfere With ICE Operations
The indictment marks the most significant federal enforcement action yet tied to a wave of Minnesota protests against Trump administration immigration policy.
Marcus Webb
· 4 min
Federal Judge Apologizes to Former Clerk Amid Impeachment Push in Congress
Reps. Clyde and Fuller, both Georgia Republicans, have filed separate impeachment resolutions against U.S. District Judge Eleanor Ross.
Marcus Webb
· 4 min
Feds Suspend LAHSA From Receiving Federal Money, Citing Financial Mismanagement
The suspension marks a significant escalation in federal oversight of California's largest homeless services agency, which administers hundreds of millions annually.
Marcus Webb
· 4 min
SpaceX IPO Opens at $150 Per Share After Record $75 Billion Offering
Elon Musk becomes world's first trillionaire with 42% stake as more than 4,000 employees become millionaires through company's stock program.
Marcus Webb
· 3 min
U.S. Trade Representative Says Tariff-Jumping Proves Policy Is Working. Economists Say Not So Fast.
Georgetown professors argue that companies relocating production to avoid tariffs is a mechanism, not evidence of economic success for American consumers.
Marcus Webb
· 4 min
Tech Companies Invest in Skilled Trades Training Amid Shortage Warnings
Meta's $115 million workforce academy and broader industry initiatives aim to fill an estimated 2.1 million unfilled skilled trades jobs by 2030.
Marcus Webb
· 4 min
DOJ Sues Virginia Over Laws Restricting Federal Agents as Mask, Immigration Disputes Escalate
The lawsuit targets two Spanberger-signed measures set to take effect July 1 that the DOJ says violate the Supremacy Clause and threaten officer safety.
Marcus Webb
· 4 min
Federal Government Will Pay North Dakota $28 Million to Settle Dakota Access Pipeline Protest Policing Lawsuit
The settlement resolves a years-long dispute over law enforcement costs during 2016-2017 demonstrations that involved 761 arrests and 178 agencies.
Marcus Webb
· 4 min
NYC Budget Chief Briefs Democratic Socialists on City Finances, Raising Ethics Questions
Sherif Soliman told DSA members at a closed-door June 1 event that he has 'the power of the purse,' prompting debate over use of public office for political outreach.
Marcus Webb
· 4 min
China Approves Brain Implant Ahead of Neuralink, Marking First Commercial Use Outside U.S.
Neuracle Technology's NEO device received regulatory clearance through China's national health insurance system while competing companies like Synchron raised $200 million in late 2025.
Marcus Webb
· 4 min
Federal Safety Database Missing Dozens of Transdev Crash Records, Investigation Finds
A ProPublica and WBUR investigation found 60 fatal crashes linked to the Boston school bus contractor over a decade, but only 18 appear in FMCSA records.
Marcus Webb
· 4 min
Treasury Plans to Use Iranian Assets for Gulf Allies' Reconstruction
The plan comes as the U.S.-Iran war passes the three-month mark and oil prices rise due to the closure of the Strait of Hormuz, a critical waterway.
Marcus Webb
· 3 min
Trader Joe's Receipt Settlement Deadline Approaches for Qualifying Shoppers
Qualifying customers who shopped at affected stores during a five-month period in 2019 may be eligible for an estimated $102.45 payment from the $7.4 million class action settlement.
Marcus Webb
· 3 min
U.S. Mortgage Rates Are Staying High — and the Federal Reserve Can Do Little About It
The 30-year rate hit 6.48% this week, leaving homebuyers with few options despite pressure from President Trump on the central bank to cut borrowing costs.
Marcus Webb
· 4 min
U.S. Mortgage Rates Stay Above 6% as Fed Influence Remains Limited
The 30-year rate reached 6.48% on June 4, leaving homebuyers facing elevated borrowing costs despite the central bank's recent rate cuts.
Marcus Webb
· 3 min
U.S. Employers Add 172,000 Jobs in May as Labor Market Shows Resilience Amid Iran War Costs
The unemployment rate held steady at 4.3% while hiring has now exceeded 100,000 jobs for three consecutive months, according to the Labor Department report.
Marcus Webb
· 4 min
Bipartisan Summit Proposed as Solution to Address Growing Debt and Social Security Solvency
Op-ed from former congressional staff argues a two-step process of expert commission followed by legislative summit could achieve $2.9 trillion in deficit reduction.
Marcus Webb
· 4 min
Justice Department Alleges SPLC Paid KKK Members to Stay Active, Funded Robes and Cross-Burnings
Federal prosecutors say the civil rights organization paid more than $4.1 million to informants embedded in extremist groups between 2010 and 2023.
Marcus Webb
· 5 min
Federal Judges Say Elected Officials Are Eroding Confidence in Judicial System
324 threats against federal judges have been recorded so far this year, according to the U.S. Marshals Service, as rhetoric from national leaders intensifies scrutiny of courts.
Marcus Webb
· 4 min
Thune Plans to Move Forward on Stalled $72B Budget Reconciliation Bill Wednesday
The measure would fund ICE and Border Patrol through 2029, with a marathon vote-a-rama expected to stretch into Thursday morning.
Marcus Webb
· 4 min
Canada Formally Requests 16-Year Renewal of USMCA Trade Pact
Ottawa faces pressure from opposition over economic performance as July deadline approaches for North American trade agreement
Marcus Webb
· 3 min
Half of the Nation Joins Federal Initiative To Welcome Christians Back to Foster Parenting
The $11.4 billion Trump administration program has gained bipartisan support across red and blue states, with Montana becoming the 25th participant Monday.
Marcus Webb
· 3 min
U.S. Job Openings Climbed to 7.6 Million in April Despite Economic Fallout From Iran War
The increase from March's revised 6.9 million surpassed economist forecasts of 6.8 million, marking the highest total since May 2024.
Marcus Webb
· 3 min
Pratt Brings LA's Economic Anxieties Into Primetime
Former reality television star Spencer Pratt emerges as a competitive candidate in Los Angeles mayoral race, drawing national attention to city's economic challenges ahead of Tuesday's primary.
Marcus Webb
· 3 min
AI Giant Anthropic Files for IPO, Plans US Stock Market Listing
The company behind Claude chatbot seeks to raise capital as AI valuations reach historic highs, with its most recent private valuation exceeding $965 billion.
Marcus Webb
· 3 min
Anthropic Files Confidential SEC Paperwork for IPO as AI Valuations Soar
The company behind Claude chatbot has filed for a stock market debut that could value the firm at nearly $1 trillion, testing investor appetite for AI firms.
Marcus Webb
· 3 min
Wheat Harvest Forecast Hits Lowest Level Since 1972, Raising Concerns About Food Prices
The USDA projects 1.56 billion bushels this year, down 21% from 2025, as drought and rising costs squeeze farmers across major growing regions.
Eleanor Cross
· 4 min
Newsom's Budget Proposal Draws Fire From Left, Raises Alarms Among Fiscal Analysts
The governor claims a balanced budget while proposing cuts to education and immigrant healthcare that critics say mirror Trump-era policies.
Marcus Webb
· 4 min
California Governor Newsom's Budget Plan Faces Criticism From Left Over Spending Cuts
The governor claims victory over Trump on deficits while proposing cuts to education and immigrant health programs that allies compare to federal immigration enforcement.
Marcus Webb
· 4 min
Policymakers Consider Outcomes-Based Models to Address Workforce Training Financing Gaps
Proponents say these arrangements shift financing risk from workers to funders better positioned to bear it, but consumer protections remain a key concern.
Marcus Webb
· 3 min
New Jersey Man Charged With Assaulting Federal Officers After Allegedly Biting ICE Agents at Newark Protest
Brendan John Geier, 26, faces federal charges for allegedly attacking deportation officers during clashes outside Delaney Hall detention center, where protests have continued for more than a week.
Marcus Webb
· 4 min
Federal Judge Upholds Constitutionality of Nitrogen Gas Executions in Landmark Ruling
The ruling, the first full trial examining nitrogen hypoxia as an execution method, allows Alabama and other states to continue using the protocol that has been used eight times since 2024.
Marcus Webb
· 3 min
DOJ Escalates Blue-State ICE Standoff After States Refuse Key Federal Request
The department filed lawsuits against Maine, Massachusetts, Oregon and Washington over their refusal to issue undercover license plates for civil immigration enforcement operations.
Marcus Webb
· 3 min
Protests Intensify Outside New Jersey Immigration Detention Center as Demonstrators Clash With Federal Agents
The demonstrations at Delaney Hall in Newark, which has housed roughly 900 detainees according to activists, follow days of escalating tensions over conditions and enforcement operations.
Marcus Webb
· 4 min
Federal HR Office Unveils Sweeping NDA Proposal Targeting Government Leaks
The Office of Personnel Management's template agreement would require federal workers to acknowledge confidentiality obligations as the Trump administration intensifies its crackdown on internal disclosures.
Marcus Webb
· 4 min
U.S. Will Need Years to Replenish Stockpiles of Advanced Weapons Used in Iran War, Analysis Finds
The Center for Strategic and International Studies estimates it could take until late 2030 to fully restore Tomahawk missile inventories after firing more than 1,000 during the conflict.
Marcus Webb
· 3 min
Food Insecurity Increases for Many Americans Since 2020, NY Fed Report Finds
The Federal Reserve Bank of New York found 10% of households struggled to afford enough food in February, up from 4% in June 2020.
Marcus Webb
· 3 min
Federal Court Blocks Alabama From Using GOP-Drawn Congressional Map
The three-judge panel ruled the redistricting plan intentionally discriminated based on race, a setback for Republicans ahead of 2026 midterm elections.
Marcus Webb
· 4 min
Treasury Subpoenas Hasan Piker, Medea Benjamin Over Cuba Travel
The OFAC investigation seeks financial and communications records from the March trips organized by the Nuestra America Convoy amid broader sanctions enforcement effort.
Marcus Webb
· 4 min
New York Comptroller Warns AI Could Cost City Thousands of Jobs
Report based on Moody's Analytics data outlines scenarios ranging from 52,000 annual job gains to potential loss of 110,000 positions by 2027.
Marcus Webb
· 4 min
Chinese Nationals in Virginia Charged With Laundering Drug Money for Sinaloa, Jalisco Cartels
Ruhan Zhen and Hongce Wu face up to 20 years in prison if convicted of conspiring with two cartels designated as foreign terrorist organizations by the Trump administration.
Marcus Webb
· 3 min
Judge Dismisses Charges Against Kilmar Abrego Garcia, Citing Vindictive Prosecution
The ruling marks a significant legal victory for the man who was mistakenly deported to El Salvador in 2025 before being returned to the U.S.
Marcus Webb
· 3 min
Senate Delays Budget Vote as Dispute Over DOJ Settlement Fund Intensifies
The $1.8 billion "anti-weaponization" compensation fund for Biden-era prosecuted individuals has stalled the reconciliation package aimed at funding immigration enforcement.
Marcus Webb
· 4 min
Trump's Towering Arch Clears Another Federal Hurdle Despite Public Pushback
The 250-foot structure near Arlington National Cemetery received final approval from the Commission of Fine Arts with 99.5% of public comments opposed.
Marcus Webb
· 4 min
Federal Prosecutors Charge Signature Gatherer With Paying Skid Row Homeless for Voter Registrations
The case is part of a broader federal effort to investigate alleged voter fraud linked to California ballot initiatives, though details on specific elections affected remain limited.
Marcus Webb
· 3 min
Wall Street Banks Helped Chinese Military-Linked Firm Raise Billions Despite Red Flags, Lawmakers Find
JPMorgan Chase and Bank of America underwrote CATL's Hong Kong IPO after Pentagon designated the battery giant as a 'Chinese military company' in January 2025.
Marcus Webb
· 4 min
Susan Collins Leverages Appropriations Chairmanship in Maine Senate Race, Highlighting $1.5 Billion in Federal Spending
The Republican incumbent is betting that nearly five years of congressional earmarks totaling 700 projects will outweigh Democratic challenger Graham Platner's critiques of her as too aligned with Trump.
Marcus Webb
· 3 min
Analysis Estimates 5 Million People May Lose ACA Marketplace Coverage After Tax Credits Expired
Enrollment dropped for the first time in four years as average monthly premiums rose 58 percent, with young adults among the most affected.
Diane Park
· 4 min
Study Finds Shrinking Pool of Economically Stable Men Reshaping American Marriage Rates
New research shows marriage rates for non-college-educated women fell from 79% to 52% between 1930 and 1980 birth cohorts, while college-educated women increasingly marry men without degrees.
Marcus Webb
· 5 min
The Red-State Winners in the Climb to Become America's Next Economic Powerhouse
CBRE report finds 725 companies relocated headquarters between 2018 and 2025, with Texas capturing 230 relocations across its major metros while California lost 163.
Marcus Webb
· 4 min
Republican Congressman Backs Stock Trading Ban for All Three Branches of Government
Rep. Marlon Stutzman says he sold all his publicly traded stocks and argues Congress must 'live above reproach' as ethics disclosures reveal major presidential financial activity.
Marcus Webb
· 3 min
Markets Plunge Amid Concerns About Aftermath of China Summit
The selloff comes as details from President Trump's Beijing meetings remain scarce, leaving investors uncertain about the U.S.-China trade relationship.
Marcus Webb
· 3 min
Mamdani Closes $12 Billion Budget Gap, Invests $122 Million in NYC Public Schools
The mayor's budget closes a massive deficit while funding schools, childcare expansion, and public services through wealthy taxation and state aid.
Marcus Webb
· 4 min
Feds Defer $1.3B in California Medicaid Funding Amid Healthcare Fraud Crackdown
The Trump administration is withholding the federal share of California's Medicaid payments while investigations into hospice and home health agency fraud continue.
Marcus Webb
· 4 min
NYC Budget Gets Boost From Albany as Hochul, Lawmakers Approve Additional Funding for Gotham
The multi-billion dollar state aid package closes New York City's projected budget gap through fiscal year 2028, according to officials.
Marcus Webb
· 3 min
NYC Mayor Mamdani Announces Balanced Budget After State Funding Agreement with Hochul, Lawmakers
The $3.2 billion state aid package will fund NYC's revised fiscal plan through 2028, according to officials.
Marcus Webb
· 4 min
Singham-Backed Pro-China Group Purchases Manhattan Building for $5.15 Million as Federal Investigators Examine Network
The People's Forum, which has received $22.5 million in funding under investigation by Justice, State and Treasury departments, is seeking an additional $5 million for renovations of its new Chelsea headquarters.
Marcus Webb
· 4 min
Paul: $1 Billion for White House Ballroom Likely Coming Out of Budget Reconciliation Bill
The Kentucky Republican says the funding faces procedural hurdles and prefers private donations to pay for security enhancements.
Marcus Webb
· 4 min
Feds Uncover Critical Link in Radicalization of Wannabe Trump Assassin
DHS intelligence report says Iran conflict 'may have contributed' to Cole Allen's decision to attack White House Correspondents' Dinner, per documents obtained by Reuters.
Marcus Webb
· 5 min
Minnesota's Eye-Popping Subsidy Payments to Nine Day Care Centers Exposed After Last Week's Fed Raids
The state's Child Care Assistance Program paid more than $67 million over eight years to providers that were targeted in 22 federal search warrants.
Marcus Webb
· 4 min
Former FedEx Driver Sentenced to Death for Killing Seven-Year-Old Texas Girl Athena Strand
The case has renewed scrutiny over contractor hiring practices after the victim's family alleged that FedEx and its subcontractor failed to conduct a required background check.
Marcus Webb
· 3 min
GOP Senator in Primary Runoff Praised Islamic Charity After State Department Cut Ties Over Terror Concerns
Texas Attorney General Ken Paxton, Cornyn's primary opponent, has made opposition to radical Islam a focal point of his campaign as both Republicans compete for conservative voters.
Marcus Webb
· 4 min
States Push Congress to Address National Debt as CBO Projects Continued Growth
Indiana, Tennessee, and other states point to balanced budget policies as models while federal deficits add roughly $2 trillion annually to the debt.
Marcus Webb
· 4 min
Less Washington, More America: A Return to Functional Federalism
As federal deficits near $3 trillion annually, some lawmakers push for devolving power back to states while others warn that rollback of federal protections could harm vulnerable populations.
Marcus Webb
· 5 min
Congressional Budget Reform Proposal Revives Debate Over Federalism and Government Accountability
Rep. Blake Moore's Comprehensive Congressional Budget Act would require votes on the full federal budget annually, amid growing frustration with centralized governance.
Marcus Webb
· 4 min
Daily Wire Investigation Finds Ohio Spent $1 Billion on Medicaid Home Health Care in 2024
The investigation, based on data published by DOGE, reveals billions in 'personal services' payments where relatives can be paid to provide companionship to family members.
Marcus Webb
· 4 min
House Republican Calls National Debt 'Ticking Time Bomb' as U.S. Debt Tops 100% of GDP
The $39 trillion debt level, reached for the first time since World War II, has sparked renewed debate over federal spending priorities and deficit reduction efforts.
Marcus Webb
· 4 min
Mark Sanford Quits House Race After One Month to Launch Debt-Focused Nonprofit
The former South Carolina governor and congressman says he can have more impact on the $38.9 trillion national debt outside elected office.
Marcus Webb
· 3 min
Tariff Increases Reshape Prom Dress Market as Retailers Navigate Surging Costs
Effective tariff rates on special-occasion dresses range from 17% to 34%, with industry leaders warning families will face higher prices during peak prom season.
Marcus Webb
· 4 min
Johnson Quashes Farm Bill Rebellion to Pass Budget Blueprint for Reconciliation 2.0
The narrow 215-211-1 party-line vote brings Congress one step closer to ending DHS's record 10-week shutdown, though funding deadlines loom by early May.
Marcus Webb
· 4 min
White House Puts Whitmer on Notice About Who Is Actually Delivering on US Manufacturing Jobs
A $43.4 million Adrian Steel expansion in Michigan highlights the political tension over tariff policy and state-level economic incentives.
Marcus Webb
· 3 min
Federal Agents Execute Search Warrants in Minnesota Fraud Investigation of Childcare Programs
The searches target publicly funded social programs as the Trump administration investigates up to $9 billion in potential fraud tied to Minnesota-run initiatives since 2018.
Marcus Webb
· 3 min
UAE Departure from OPEC Adds to Oil Market Uncertainty Amid Strait of Hormuz Disruptions
The announcement comes as the critical shipping chokepoint remains largely blocked, cutting off roughly 20 percent of global oil and gas supplies.
Marcus Webb
· 4 min
Powell Could Remain at Fed Despite Looming End of Chair Term
While his chairmanship ends May 15, Powell's underlying governor term runs through 2028, potentially allowing him to stay under a Trump administration.
Marcus Webb
· 3 min
Judge Rules That Fired Prosecutor Maurene Comey's Lawsuit Belongs in Federal Court
U.S. District Judge Jesse Furman rejected the government's effort to move the wrongful termination case to administrative proceedings, saying the constitutional reason cited for her firing takes it outside standard federal employee dispute channels.
Marcus Webb
· 3 min
Vance Pushes Back on Stockpile Concerns as US Races to Boost Missile Production
The Pentagon is working to address a shortfall between battlefield usage and industrial capacity, with some critical munitions taking years or decades to replenish at current production rates.
Marcus Webb
· 4 min
McMahon Faces Senate Questions on Trump Budget Plan for Shuttered Education Department
The administration is requesting $76.5 billion for fiscal 2027, a $2.3 billion decrease from current levels as most department functions have been transferred to other agencies.
Marcus Webb
· 4 min
Sen. Thom Tillis Drops Blockade of Kevin Warsh's Nomination to Lead Federal Reserve
The North Carolina Republican said he received assurances from the Justice Department that it would not use investigations as a weapon against Fed independence.
Marcus Webb
· 4 min
Tillis Says He Will Support Warsh's Fed Confirmation After DOJ Closes Powell Investigation
The North Carolina senator had withheld support for the nominee until the criminal probe into Chair Powell was resolved.
Marcus Webb
· 3 min
Mexico Says 2 U.S. Federal Agents Who Died Were Not Authorized to Participate in Any Local Operation
The two CIA agents were killed returning from a drug lab destruction mission in Chihuahua state, according to Mexican government officials.
Marcus Webb
· 4 min
Trump's Long Romance With Gambling Industry Now Extends to Prediction Markets
While criticizing prediction markets publicly, Trump Media is launching its own through a Crypto.com partnership as federal regulators clash with states over oversight.
Marcus Webb
· 4 min
DOJ Expands Federal Execution Methods to Include Firing Squad, Gas and Electrocution
The 48-page memo reverses the previous administration's moratorium on federal executions and adds alternative methods amid ongoing drug sourcing challenges.
Marcus Webb
· 4 min
Treasury Department Announces IRS Overhaul to Target Shadow Nonprofit Networks
New Form 990 requirements would increase disclosure for fiscal sponsorship arrangements, grants and contracts amid ongoing investigations into progressive donor networks.
Marcus Webb
· 4 min
Importers Begin Using New CBP System to Claim $166 Billion in Tariff Refunds
More than 56,000 importers have signed up for electronic refunds following the Supreme Court's February ruling that struck down emergency tariffs.
Marcus Webb
· 4 min
Federal Judge Dismisses Laura Loomer's Defamation Suit Against Bill Maher
U.S. District Judge James Moody ruled Maher was clearly joking when he suggested Loomer had an affair with Donald Trump, saying a reasonable viewer would understand it was humor rather than a factual claim.
Marcus Webb
· 3 min
Senate Republicans Launch Budget Reconciliation to Fund ICE, DHS Agencies
The $70 billion reconciliation package aims to fund immigration enforcement for 3.5 years as part of effort to end partial DHS shutdown.
Marcus Webb
· 3 min
U.S. Drains Critical Missile Stockpiles in Iran War as Yearslong Rebuild Looms
CSIS analysis estimates U.S. used over 850 Tomahawk missiles and more than half of Patriot interceptors during 39-day campaign, prompting $70B FY27 munitions request.
Marcus Webb
· 4 min
500 Blank Ballots Found Near Renton Dumpster Spark Federal Investigation, Fraud Denial
Federal authorities have taken custody of election mail discovered by Washington State Republican Party chairman near a strip mall dumpster, though the origin and timing of the ballots remain under investigation.
Marcus Webb
· 3 min
Lutnick Testifies Before Senate Panel on Commerce Department Budget Request
The White House is requesting $9.2 billion in discretionary funding, a $1.3 billion decrease from 2026 levels, amid fallout from the Supreme Court's tariff ruling.
Marcus Webb
· 3 min
Taiwan Business Group Urges Beijing, Taipei to Keep Politics Out of Trade
The Taiwan Electrical and Electronic Manufacturers' Association called for both sides to separate economic activity from political tensions amid ongoing cross-strait disputes.
Marcus Webb
· 3 min
U.S. Customs Launches Tariff Refund Portal as Businesses Await $166 Billion in Payouts
The first phase of refunds begins Monday, with approved claims taking 60 to 90 days to process.
Marcus Webb
· 3 min
Federal Judge Blocks Nexstar-Tegna Merger until Antitrust Lawsuit Is Resolved
Judge says eight Democratic attorneys general and DirecTV are likely to prevail in their bid to stop the $6.2 billion deal that would create the largest U.S. local TV broadcaster.
Marcus Webb
· 3 min
Newsom Administration Allegedly Knew of $2B California Budget Error for Months: Report
Legislative Analyst's Office flagged the pension calculation mistake in February, but it wasn't disclosed publicly until April.
Marcus Webb
· 4 min
The Sex Recession Hitting Gen Z and What's Quietly Killing Their Drive
Research shows roughly one in three men and one in five women aged 18-29 report having no sex in the past year, with experts pointing to multiple contributing factors.
Marcus Webb
· 3 min
Mamdani's City-Owned Grocery Plan Faces Pushback From Local Bodegas, Supermarkets
The $70 million proposal to open five city-run grocery stores in New York City boroughs draws criticism from small business owners and political consultants who warn of unfair competition.
Marcus Webb
· 3 min
White House Seeks Record Defense Budget, But Congress Has Questions About Spending
The $1.5 trillion Pentagon request is the largest in U.S. history, with a separate funding ask for Iran operations expected to follow.
Marcus Webb
· 3 min
HUD Employees Launch Website Accusing Trump Administration of Blocking Fair Housing Enforcement
Anonymous letters cite concerns that civil rights investigations have been halted, with 15 states now suing over policy changes.
Marcus Webb
· 3 min
Trump Threatens to Fire Fed Chair Powell if He Doesn't Leave in May
Powell plans to remain in post until successor Kevin Warsh is confirmed, but Trump says he will fire him if he stays past May 15.
Marcus Webb
· 3 min
DHS Confirms Federal Investigation Into Rep. Swalwell Includes Illegal Brazilian Nanny Allegations
USCIS referred the matter to DHS law enforcement, stating no one is above the law, including a member of Congress.
Marcus Webb
· 3 min
Appeals Court Says Federal Judge Must Reconsider Blocking White House Ballroom, Weigh Security Concerns
D.C. Circuit allows $400 million ballroom construction to proceed until April 17 while lower court reassesses injunction.
Marcus Webb
· 4 min
Major Strategic Shift in Global Energy Market Favors United States
Analysts suggest changing supply chains and production patterns are reshaping international energy dynamics in ways that benefit U.S. interests.
Marcus Webb
· 3 min
Federal Judge Finds Pentagon in Violation of Court Order to Restore Reporters' Access
Judge Paul Friedman ruled the Defense Department violated his March 20 order, saying the Pentagon's revised policy unlawfully restricts journalist access.
Marcus Webb
· 4 min
Prediction Markets Under Scrutiny as Traders Bet on Iran Ceasefire, Insider Trading Concerns Grow
Polymarket traders profited hundreds of thousands from ceasefire bets as lawmakers push for investigations into suspicious activity.
Marcus Webb
· 3 min
One Year Into Trump's Tariff Strategy: Economic Impact and Debate Over Who Bears the Cost
Effective tariff rates rose from 2.2% to roughly 13% by year-end, with debates intensifying over whether American consumers or foreign exporters are footing the bill.
James Callahan
· 4 min
Prediction Markets See Surge in Trades Related to U.S.-Israel Conflict With Iran
Traders made hundreds of thousands of dollars on ceasefire bets as lawmakers call for investigations into potential insider trading.
Marcus Webb
· 4 min
Iran's Toll Proposal for Strait of Hormuz Violates Trade Norms, Analysts Say
Iran demands right to collect fees in strategic waterway as precondition for reopening passage vital to 20% of world oil supply.
Marcus Webb
· 4 min
White House Budget Would Cut 8,385 TSA Positions Under Privatization Plan
The $11.7 billion FY2027 budget request cuts 2,462 Transportation Security Officer positions while proposing $477 million increase for private screening contracts.
Marcus Webb
· 3 min
Democrat Lawmakers Call US Fuel Blockade on Cuba 'Economic Bombing' After Delegation Visit
Progressive lawmakers describe humanitarian crisis on island linked to U.S. embargo, while Trump administration has escalated pressure calling Cuba a 'failed nation'
Marcus Webb
· 3 min
NASA Administrator Defends Trump’s Proposed Budget Cuts
The $18.8 billion proposal represents a $5.6 billion reduction from 2026 levels, cutting science programs and HBCU initiatives.
Marcus Webb
· 3 min
Federal Government Rushing Toward AI Adoption Amid Cost and Oversight Concerns
ProPublica investigation finds agencies face hidden costs, while the program designed to vet cloud security operates with minimal staff.
Marcus Webb
· 3 min
America Is Heading for a Recession — and It May Be the Worst Yet
Economic analysts warn that structural challenges including AI displacement and middle-class fragility could amplify the impact of any downturn
Marcus Webb
· 4 min
Polymarket Apologizes after Allowing Wagers on Fate of U.S. Pilots Downed Over Iran
Prediction market platform removed betting market after criticism from Rep. Seth Moulton, who noted 219 war-related bets remain active on the platform.
Marcus Webb
· 3 min
Budget Cuts Won't Fix Antisemitism — and They're Hurting Higher Education
The Trump administration's funding reductions to universities have drawn criticism from both sides of the political spectrum, with critics arguing the cuts fail to address campus antisemitism while damaging scientific research.
Marcus Webb
· 3 min
U.S. Tomahawks Deployed in Iran Conflict Exceed Annual Procurement Rate
Over 850 missiles used so far, roughly nine times the Pentagon's average yearly Tomahawk purchases.
Marcus Webb
· 3 min
Philadelphia Fed President Anna Paulson Says Iran War Is Creating Real Pressure on U.S. Economy
Anna Paulson, president of the Federal Reserve Bank of Philadelphia, warned that escalating tensions in the Middle East are adding new headwinds to an economy already navigating elevated inflation and interest rates.
Marcus Webb
· 3 min
Congress Weighs Federal Regulation as Prediction Market Apps Blur Line With Sports Betting
Lawmakers debate whether markets allowing bets on politics, sports and global events need stricter federal oversight
Marcus Webb
· 4 min
House Democrat Bans Staff From Betting on Prediction Markets, Citing Ethics Concerns
Rep. Seth Moulton becomes first member of Congress to prohibit staffers from trading on Polymarket, Kalshi and similar platforms.
Marcus Webb
· 3 min
House Budget Chairman Outlines Path to Pay for Iran Military Campaign Through Reconciliation
Arrington says second GOP-only budget package would offset defense costs with anti-fraud provisions, as Trump administration considers $200 billion war request
Marcus Webb
· 3 min
BlackRock CEO Warns $150 Oil Could Trigger Global Recession
Larry Fink, whose firm manages $14 trillion in assets, said prolonged high oil prices stemming from Middle East tensions would have profound economic implications.
Marcus Webb
· 3 min
Iran Parliament Speaker Warns Buyers of US Treasury Bonds Are 'Legitimate Targets'
Ghalibaf says financial institutions funding US military budget will be targeted, as tensions escalate after weeks of strikes.
Marcus Webb
· 3 min
Robert Frazer Appointed US Attorney for New Jersey After Year of Legal Turmoil
Career prosecutor with two decades of experience takes over the district following months of court battles over leadership appointments.
Marcus Webb
· 3 min
Workers' Job Market Gloom Has Increased Dramatically Over the Past Few Years, Gallup Survey Finds
Just 28% of workers say now is a good time to find a quality job, down from 70% in mid-2022, with college graduates particularly pessimistic.
Marcus Webb
· 3 min
NYC Spent Over $368 Million To Combat Homelessness This Past Fiscal Year. Now the State Can't Track the Money.
The $368 million spent on unsheltered homeless New Yorkers is more than triple the FY 2019 amount, yet state auditors say tracking fund allocation remains problematic.
Marcus Webb
· 3 min
Chicago Faces $1 Billion Budget Gap as Experts Warn of 'Pay Later' Financial Crisis
The city's 2025 fiscal year projects a $150 million deficit, with about 40% of the budget going to debt service and pension costs.
Marcus Webb
· 3 min
Chicago's $1 Billion Budget Gap Stokes Debate Over Mayor Johnson's Fiscal Leadership
The nation's third-largest city projects a $150 million deficit as debt service consumes 40% of its budget, drawing scrutiny from both progressive and conservative analysts.
Marcus Webb
· 4 min
Polymarket's Situation Room Bar Opening Marred by Technical Failures in Washington
Prediction market's much-hyped DC pop-up opened Friday but monitors remained off due to electrical issues, prompting early closure and viral mockery.
Marcus Webb
· 3 min
States Need Data Tools and Incentives to Stop Improper Federal Payments
With $2 trillion in annual deficits, experts say federal databases to verify eligibility are underutilized despite known gaps.
Marcus Webb
· 4 min
Federal Reserve Holds Rates Steady Amid Mixed Economic Signals
The Fed kept its benchmark rate at 3.5% to 3.75% as February payrolls fell by 92,000 and fourth-quarter GDP was revised down to 0.7%.
Marcus Webb
· 3 min
Fed Chair Powell Holds News Briefing After Keeping Interest Rates Unchanged
The Federal Reserve held rates at 3.6% for the second straight meeting, with quarterly projections expected to show how the Iran war's impact on gas prices complicates the path forward.
Marcus Webb
· 4 min
Cuba Will Allow Expatriates to Invest in and Own Businesses on Island, Economic Czar Says
Deputy Prime Minister Oscar Pérez-Oliva Fraga announced the policy shift in an NBC News interview, citing US embargo as a key challenge to Cuba's economy.
Marcus Webb
· 3 min
Senate Democrats Unveil Tax Plans Criticized as Populist Overhaul Ignoring Debt
Economists and fiscal hawks question whether proposals to eliminate federal taxes for millions can be offset by taxing the wealthy without worsening the national debt.
Marcus Webb
· 4 min
'Gruesome' War Bets Fuel Calls for Crackdown on Prediction Markets
Prediction platforms handling $44bn in trades face mounting criticism over wagers tied to Iran, Israel military action
Marcus Webb
· 3 min
Nine Convicted in North Texas ICE Facility Attack as Kash Patel Issues Warning
Jurors delivered a mixed verdict in federal court Friday, convicting members of what prosecutors called an Antifa cell for the July 2025 Prairieland ICE Detention Center attack.
Marcus Webb
· 3 min
As Prediction Markets Boom, Lawmakers Push for Greater Oversight of Event Contracts
Two bills aim to ban members of Congress from betting on political events, but disclosure gaps in ethics rules remain unfilled.
Marcus Webb
· 4 min
Boasberg Blocks Subpoenas Against Fed Chair Jerome Powell
Federal judge rules DOJ effort to issue grand jury subpoenas was a pretext to pressure Powell on interest rates, citing over 100 Trump statements attacking the Fed chair.
Marcus Webb
· 3 min
Venezuelan National Charged With Assaulting Federal Officer, Grabbing Service Weapon in Michigan
Arnoldo Jose Marquez-Pulido, 33, faces multiple federal charges after allegedly fleeing traffic stop and struggling with Homeland Security Task Force agent in Utica.
Marcus Webb
· 4 min
Judge Blocks DOJ Subpoena for Federal Reserve Records, Citing No Evidence of Crime
Judge James Boasberg ruled prosecutor Jeanine Pirro presented no evidence to justify demands for Fed documents, saying the investigation appeared designed to pressure Chairman Jerome Powell
Marcus Webb
· 4 min
Utah Moves to Ban Prediction Markets as State Takes On Kalshi and Polymarket
Governor Spencer Cox will sign legislation targeting prediction markets, putting the conservative state at odds with the CFTC and creating a potential legal showdown.
Marcus Webb
· 3 min
IEA Called for Joint Release of Emergency Oil Stocks at G7 Online Meeting, Japan Says
The call comes amid ongoing volatility in global energy markets and follows months of coordinated international effort to stabilize oil supplies.
Marcus Webb
· 3 min
G-7 Ready to Release Oil Stockpiles If Needed to Support Supply
The Group of Seven nations signal willingness to tap strategic reserves amid ongoing volatility in global oil markets.
Marcus Webb
· 3 min
Sustained War with Iran Could Drain US Missile Stockpiles, Test Escalation Control
Defense officials warn that production lines cannot surge overnight to replenish interceptors depleted by operations in Ukraine and the Middle East.
Marcus Webb
· 3 min
Vice President Vance Promotes Economic Agenda at Wisconsin Machining Facility
Speaking at Pointe Precision Inc., the vice president focused on affordability and fraud ahead of the 2026 midterm elections.
Marcus Webb
· 3 min
Tariff Decision Deemed Both Right and Wrong by Stakeholders
The administration’s new steel and aluminum tariffs aim to protect jobs, while industry groups warn they could raise consumer prices and spark trade disputes.
Marcus Webb
· 3 min
Trump Global Tariff to Take Effect at 10% Despite Earlier 15% Announcement
The rate will apply to steel and aluminum imports starting next month, lowering the previously signaled 15% duty and raising questions about policy consistency.
Marcus Webb
· 3 min
Tariffs Seen as Wild Card for U.S. Economy Amid New Trade Measures
New duties on Chinese steel, aluminum and select consumer goods have sparked debate over cost impacts and domestic industry protection.
Marcus Webb
· 3 min
EU Says It Will Not Accept Any Increase in U.S. Steel and Aluminum Tariffs
The European Commission reiterated its stance during trade talks, emphasizing that the existing agreement must be honored.
Marcus Webb
· 3 min
NASA Faces Pressure to Replace Space Launch System with Commercial Rockets
Cost overruns and schedule delays have prompted lawmakers on both sides of the aisle to examine private‑sector launch options.
Marcus Webb
· 3 min
Mamdani Calls for Affordable NYC Housing, Criticizes ICE Amid Budget Concerns
The housing official says every family should afford a home while denouncing ICE's policies, as New York faces a $2.4 billion budget shortfall.
Marcus Webb
· 3 min
SCOTUS Has Ruled on Tariffs, but Who Will Ultimately Pay
The Court’s decision leaves the fate of the Trump‑era steel and aluminum tariffs to Congress and industry, raising questions about future cost burdens.
Marcus Webb
· 3 min
Senator Grenell Calls Ice Rink Vandal Terrorist as Federal Authorities Pursue Suspect in Toxic Attack
The incident, involving a chemical spray at a Minnesota ice rink, has sparked debate over labeling domestic vandalism as terrorism.
Marcus Webb
· 3 min
U.S. Court Blocks Solar Panel Tariffs, Business Owners Cautiously Welcome
The decision removes a 25% duty on Chinese solar imports, which industry groups said was raising electricity costs for manufacturers.
Marcus Webb
· 3 min
U.S. Trade Deficit Narrows as Administration Credits Recent Tariff Adjustments
The Treasury reports a $12.3 billion reduction in the trade deficit for the first quarter of 2026, a change the White House attributes to new tariff reforms.
James Callahan
· 3 min
Mamdani Calls for NYC Housing Plan While Criticizing ICE, City Faces Budget Shortfall
The mayoral candidate’s proposal promises affordable homes for all families, but city officials warn the plan could widen the $1.5 billion budget gap.
Marcus Webb
· 3 min
Ruling Is a Victory for World Trade, but Also Tricky
The Supreme Court upheld a WTO‑backed exemption for U.S. exporters, yet the decision leaves several tariff‑related provisions unsettled.
Marcus Webb
· 3 min
Trump Gives Grudging Praise to Liberal Trio Who Helped Sink His Tariffs
President Trump said the three Democratic lawmakers forced the administration to abandon the proposed steel and aluminum duties, calling their push a necessary check on trade policy.
Marcus Webb
· 3 min
U.S. Trade Representative Rejects Trump Tariff Proposal, Marking Rare Public 'No'
Katherine Tai said the administration will not impose new duties on Chinese steel, though existing tariffs stay in place.
Marcus Webb
· 3 min
Exclusive: 5 Ways Moreno Wants GOP to Codify .5 B Trump Tariffs
The Republican lawmaker says the Biden administration’s rollback of China tariffs threatens U.S. manufacturers, while Democrats argue the measures raise costs for consumers.
Marcus Webb
· 3 min
Breaking: Supreme Court Overturns 12 Trump Tariffs, Slashing $4 B in Costs – What Comes Next?
The 9‑5 decision invalidated 12 of 14 steel and aluminum tariffs, prompting Democratic calls for enforcement and Republican criticism of judicial overreach.
Marcus Webb
· 3 min
Trump Tariff Revenues Hit Record Highs as Supreme Court Deals Major Blow
The Treasury reported $12.3 billion in tariff collections for FY 2025, even as the Court limited the administration’s ability to impose new duties.
Marcus Webb
· 3 min
Will the Treasury Refund $200 Billion After Tariff Overturn?
A federal court ruling nullified recent tariffs, prompting the Treasury to determine how to handle the $200 billion already collected from importers.
James Callahan
· 3 min
Breaking: Trump Brand Expands to Airports in 40 Nations
The filings span 40 countries, covering travel services and airport operations, raising questions about international branding.
Marcus Webb
· 3 min
Obama: Agents' Tactics "Dangerous" as Minneapolis Loses $60M
Former President Obama criticizes federal agent tactics in Minneapolis amid business closures.
Marcus Webb
· 3 min
White House Prepares Public for Weaker January Jobs Report
Officials cite winter storms and data volatility as factors in expected slowdown after 256,000 jobs added in December.
Marcus Webb
· 3 min
Don Lemon Hires Federal Prosecutor Who Resigned Over Minnesota ICE Probes
Joseph Thompson, who quit as second-in-command at Minnesota U.S. Attorney's office, now represents journalist facing church protest charges.
Marcus Webb
· 3 min
Fact Check: Does Immigration Increase the National Debt?
Economists disagree on whether immigrants add to or reduce federal deficits over time
Marcus Webb
· 3 min
Cuba Warns of Aviation Fuel Shortage After Trump Tariff Threat
The Cuban government issued a warning Monday that aviation fuel supplies could run critically short within weeks if threatened U.S. tariffs on third-country ...
Marcus Webb
· 4 min
Wall Street Opens Lower Following Strong Asian Market Rally
Major U.S. stock indices began the trading day with declines, contrasting with significant gains seen in Asian markets overnight, as investors reacted to a confluence of global economic data and central bank signals.
Marcus Webb
· 3 min
Trump Administration Ties Market Access to Energy Production in New Trade Framework
White House signals reciprocal trade policy will prioritize countries expanding oil and gas output over renewable energy investments
Marcus Webb
· 4 min
White House Links Trade Access to Sanctions Compliance in New Executive Order
Administration signals tougher enforcement on countries maintaining energy partnerships with sanctioned nations
Marcus Webb
· 3 min
U.S. Ties Trade Benefits to Energy Compliance in New Sanctions Strategy
Administration's executive order forces trading partners to choose between Russian oil and American market access
Marcus Webb
· 3 min
Unemployment Steady, Growth Holds Despite Inflation Above Fed Target
Labor market resilience continues as economic data shows growth persisting while consumer prices remain elevated above 2% goal
James Callahan
· 3 min
Fed Holds Rates Steady at 4.25% as January CPI Surprises to the Upside
Inflation came in at 2.8%, above the 2.6% consensus. Here's what economists across the spectrum are saying about the path forward.
Marcus Webb
· 3 min
Cartel Prices Remain High After Kingpin Arrests, Study Shows
A University of Chicago analysis finds street prices for cocaine and methamphetamine held steady despite the removal of top traffickers, challenging standard supply‑and‑demand expectations.
Marcus Webb
· 3 min