Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.