Treasury Secretary Scott Bessent sought total control over the I.R.S., an agency where Mr. Long, the new commissioner, had started to put his own mark on the job.
Category: United States Economy
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Fed Faces High Bar for Big Cuts Despite White House Pressure
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.
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Fed Faces High Bar for Big Cuts Despite White House Pressure
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much relief officials can ultimately provide to borrowers.
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Behind Wall Street’s Abrupt Flip on Crypto
The reversal risks declawing a century of consumer financial protections and replacing the backbone of bank accounts.
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Trump Warns of Economic Disaster if Court Strikes Down Tariffs
The president has crowed about the billions of dollars collected so far from tariffs. That money could be at risk if the White House loses the legal battle.
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Why Investors Are Again Euphoric About Interest Rates
The S&P 500 is approaching a record on bets that Federal Reserve will lower borrowing costs despite uncertainty over President Trump’s trade war.
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Trump’s Pick of E.J. Antoni as BLS Leader Criticized by the Right and the Left
Economists on the left and right criticized E.J. Antoni for misunderstanding the data he would now oversee.
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CPI Likely to Show Rising Inflation as Trump’s Tariffs Lead to Price Hikes
The Consumer Price Index is expected to reflect an uptick in inflation as companies increase prices as a result of President Trump’s tariffs.
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CPI Likely to Show Rising Inflation as Trump’s Tariffs Lead to Price Hikes
The Consumer Price Index is expected to reflect an uptick in inflation as companies increase prices as a result of President Trump’s tariffs.
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Small Businesses Brace for the Punishing Side Effects of Trump’s Tariffs
Large firms with big bank balances, workers already in jobs and households near the top of the income ladder will have an easier time navigating the economic waves.
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Computer Science Grads Struggle to Find Jobs in the A.I. Age
As companies like Amazon and Microsoft lay off workers and embrace A.I. coding tools, computer science graduates say they’re struggling to land tech jobs.
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Trump Tariffs Spur Layoffs and Price Increases as Companies Face Tough Choices
Businesses that had been in a holding pattern during President Trump’s evolving trade war are starting to plan ahead with more conviction.