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