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