The Senate voted to install one of President Trump’s top economic advisers at the central bank, opening the door for him to cast a vote at this week’s meeting to set interest rates.
Category: Senate
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Nvidia Accuses Rivals of Being A.I. Doomers as US Debates Sale of Chips to China
Rankling national security experts, the chipmaker has stepped up attacks on lawmakers who are pushing restrictions.
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Trump Says He Is Removing Lisa Cook From Federal Reserve Board
“I have determined that there is sufficient cause to remove you from your position,” Mr. Trump said in a letter. Her dismissal threatened to touch off a landmark legal battle over the Fed’s independence.
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Deferring to Trump, Senate Pulls Back on New Russia Sanctions
Republican leaders said they were ready to vote as soon as this month on punishing penalties against Moscow but have paused after President Trump threatened to act unilaterally within weeks.
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Republican Tax Bill Is a Losing Deal for Gamblers
The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.
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Solar Industry Says Republican Policy Bill Would Cede Production to China
A revival of U.S. solar panel manufacturing that began during the first Trump administration could end with the phasing out of tax incentives for clean energy.
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Political Costs of Trump Tax Cuts, Medicaid and ‘Debt Slavery’
As the Senate prepares to vote on a key piece of the president’s domestic agenda, prominent critics, including Elon Musk, are speaking out.
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Republicans Prepare to Open ‘Pandora’s Box’ of Budget Gimmicks
With the broad tax and health care bill they are now trying to muscle into law, Senate Republicans are preparing to upend Washington’s accounting standards.
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Trump Administration Tells Congress to Kill ‘Revenge Tax’ From Policy Bill
Treasury Secretary Scott Bessent said the Group of 7 agreed that penalties related to a 2021 “global minimum tax” deal will not apply to American companies.
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Some Republicans Join Democrats in Unease Over White House Budget Cuts
President Trump has sought to claw back funds for public broadcasting and foreign aid, sparking a fierce debate over the power of the purse.
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Record Debt Limit Increase Would Break Republican Precedent
A proposed $5 trillion debt limit increase could make it hard for Republicans to maintain their fiscal hawk credibility.