Trump Taps Minnesota Economist Christopher Phelan to Lead White House Economic Council
President Donald Trump has nominated University of Minnesota economist Christopher Phelan to serve as his chief economic adviser, filling a key White House vacancy at a moment when economic policy is under heavy political and financial scrutiny. Phelan would become the new head of the Council of Economic Advisers, or CEA, if confirmed by the […]
Trump’s Deportation Push Could Hurt Republicans in the Midterms
President Donald Trump’s aggressive deportation campaign could become a political liability for Republicans in the 2026 midterm elections. More Americans now say they are less likely to support a congressional candidate who backs Trump’s deportation approach than say they are more likely to do so, suggesting the issue may be shifting from a Republican strength […]
U.S. Companies Flood New Refund System After Court Orders Return of Illegally Collected Tariffs
A new federal refund system has gone live to let U.S. companies recover money paid under tariffs that were later ruled illegal, triggering a rush of claims from importers eager to reclaim billions of dollars. The portal was launched by U.S. Customs and Border Protection after a court order required the government to prepare to […]
House Defies Trump to Extend Temporary Protections for Haitians Facing Deportation
The U.S. House of Representatives delivered a rare setback to President Donald Trump’s immigration agenda by voting to extend Temporary Protected Status, or TPS, for roughly 350,000 Haitians living in the United States. The House approved the measure by a vote of 224 to 204, with ten Republicans and one independent joining Democrats in support. […]
Trump’s New Tax Cuts Reached Millions, Yet Public Frustration Over Taxes Remains Deep
More than 53 million tax filers used at least one of the new tax breaks created under Republicans’ latest tax-and-spending law, but most Americans still believe their taxes are too high. The story highlights a political tension at the center of President Donald Trump’s economic message: even when many households receive new deductions or larger […]
Uldouz Wallace’s PROTECT Act Advances in Arizona as U.S. and Global Adoption Accelerates
Arizona’s PROTECT Act, introduced by Arizona State Representative Nick Kupper following outreach from Uldouz Wallace, is advancing toward final approval, marking a critical step in addressing the growing global crisis of online exploitation, non-consensual content, and AI-generated deepfake abuse. The legislation has already passed out of the Arizona State House with a bipartisan supermajority and […]
Warren Warns Nvidia’s Slurm Deal Could Create a Dangerous AI and Defense Chokepoint
Senator Elizabeth Warren is pressing the U.S. government to examine whether Nvidia’s acquisition of SchedMD, the developer behind the widely used Slurm software system, could create new risks for competition and national security. Warren sent a letter to Energy Secretary Chris Wright and Defense Secretary Pete Hegseth asking how dependent their departments have become on […]
Lilly’s New Obesity Pill Wins Approval, but FDA Demands Extra Studies on Liver and Heart Risks
Eli Lilly’s newly approved weight-loss pill has cleared an important regulatory hurdle, but the U.S. Food and Drug Administration is requiring the company to carry out additional safety studies after launch, showing that regulators still want closer scrutiny of the medicine’s risks. Apparently, FDA asked Lilly for more data on possible liver injury linked to […]
Middle East Conflict Darkens IMF Forecast as Rising Oil Prices Raise Risk of a Global Downturn
The International Monetary Fund has lowered its global growth outlook and warned that the world economy is already drifting toward a more dangerous path as the war tied to Iran continues to disrupt energy markets. In a report, the IMF presented three scenarios for the global economy, all shaped by how long the conflict lasts […]
BlackRock Turns Bullish on U.S. Stocks as Strong Earnings Offset Middle East Risks
BlackRock has upgraded U.S. equities to “overweight,” joining other major Wall Street firms in arguing that strong corporate earnings can help cushion the market against the economic fallout from the Middle East conflict. The BlackRock Investment Institute raised its view on U.S. stocks from “neutral,” citing resilient profit expectations and what it sees as limited […]
