Most Split Fed Vote Since 1992 Leaves Markets Rethinking the Outlook for Lower Rates
The Federal Reserve left interest rates unchanged on April 29, but the real significance of the meeting was how divided policymakers appeared to be. Fed kept its benchmark rate in the 3.5% to 3.75% range, as expected, yet the vote was the most split since 1992. Eight officials supported holding rates steady, while four dissented: […]
First Refunds From Trump Tariffs Expected in May as Importers Wait for Billions in Repayments
The U.S. government says the first refunds tied to President Donald Trump’s overturned tariffs are expected to begin going out around May 11, marking the next major step in unwinding one of the most disruptive trade policies of his administration. The update came from U.S. Customs and Border Protection, which is overseeing the process of […]
High Court Strikes Down Louisiana’s Black-Majority District, Opening Door to Wider GOP Redistricting Gains
The U.S. Supreme Court has delivered a major blow to the Voting Rights Act by striking down Louisiana’s second majority-Black congressional district, a ruling that could reshape redistricting battles across the country and strengthen Republican efforts to hold or expand control of the House. In a 6-3 decision, the court’s conservative majority said the Louisiana […]
U.S.-UK Trade Tensions Rise as Trump Warns of ‘Big Tariff’ Over British Tech Tax
President Donald Trump has threatened to impose a “big tariff” on the United Kingdom if it does not scrap its digital services tax, escalating a transatlantic trade dispute centered on how governments tax large American technology companies. Trump said the United States would retaliate if Britain continues targeting firms such as Apple, Google, and Meta […]
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 […]
Trump’s Research Funding Overhaul Is Reshaping How Universities and Scientists Work With Washington
A major shift in how the Trump administration is approaching federal research funding, with consequences that could reach far beyond universities and laboratories is a core issue that not only covers how much money the government spends on research, but also the rules, priorities, and conditions attached to that support. The administration is trying to […]
U.S. Delays New Iran Talks but Expands Ceasefire After Pakistan Seeks More Time
President Donald Trump said the United States is indefinitely extending its ceasefire with Iran, just one day before the truce was set to expire, in a move that temporarily lowers the risk of an immediate return to fighting.Trump made the announcement Tuesday April 21 while a new round of peace talks was on hold, easing […]
Trump Signs Short-Term Extension of Controversial Surveillance Powers, Setting Up New Fight in Congress
President Donald Trump has signed a short-term bill extending one of the U.S. government’s most controversial surveillance authorities until April 30, temporarily preventing the program from expiring but guaranteeing another fight in Congress within days. Trump approved the measure on Saturday April 18 after the Senate passed it Friday in a last-minute effort to keep […]
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. […]
