The Trump administration joined with trade groups to ask a court to overturn a Biden-era rule that aimed to limit the impact of unpaid medical bills on consumers’ credit history.
Category: Trump, Donald J
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Trump’s Attacks on Powell and the Fed Ripple Through Global Economy
The independence of central banks, which allows policymakers to operate free from political meddling, is considered sacrosanct by investors and economists.
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Ron Wyden, a Democrat, Won’t Let Go of the Jeffrey Epstein Case, Either
Senator Ron Wyden has found that four banks waited until Mr. Epstein’s arrest on federal charges to flag $1.5 billion in suspicious transactions. Mr. Wyden wants the documents made public.
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‘Crypto Week’ Is Back on Track After House G.O.P. Quells Conservative Revolt
The House is set to vote on a series of high-stakes bills backed by the cryptocurrency industry, after top Republicans brokered a deal with a group of dissenters in their ranks.
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Will Investors Ever Believe Trump’s Threats Against Powell?
President Trump has become more hostile to the Federal Reserve’s chair. Markets aren’t worried yet, but some on Wall Street are getting more concerned.
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Trump Wants Lower Rates. Firing Powell Could Push Them Higher.
Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.
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He Helped Create NPR. Now He May See it Be Defunded.
Bill Siemering, 91, says potential funding cuts put a “unique, invaluable cultural resource” at risk.
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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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Trump Has Penned Letter To Fire Fed Chair Jerome Powell
The president waved a copy of a draft letter firing Jerome H. Powell at a meeting in the Oval Office with House Republicans. It remains to be seen whether he follows through with his threat.
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Trump Announces ‘Great Deal’ on Trade With Indonesia
Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.
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Trump Administration Initiates Trade Investigation of Brazil
The United States has begun investigating Brazil’s trade practices and “anti-corruption interference,” after the president’s criticisms of Brazil’s treatment of Jair Bolsonaro, a Trump ally.
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Rising Inflation Underscores Risks in Trump’s New Tariff Threats
New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.