Small improvements in taxes are overshadowed by cuts to health insurance and other federal aid, resulting in a package favoring the wealthy.
Category: United States Politics and Government
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Thought Markets Were Volatile in the First Half? Watch Out.
Stocks have rebounded, but the dollar is in a deep slump. Here’s what could go right (and very wrong) for investors.
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Trump and Paramount in ‘Advanced’ Talks to Settle ‘60 Minutes’ Suit
The lawsuit has added a layer of complexity to Paramount’s multibillion-dollar merger with Skydance, a Hollywood studio.
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Trump Steps Up Pressure Campaign on Powell With Handwritten Note
President Trump has repeatedly attacked Jerome H. Powell, chair of the Federal Reserve, for resisting his demands for lower interest rates.
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Trump’s Threat of More Tariffs Slows Trade Deals
As America’s largest trading partners race toward deals, they are increasingly worried about being hit with future tariffs on their critical industries.
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Trump Wants America to Make iPhones. Here’s How India Is Doing It.
India is carving out a new space for Foxconn and other high-end manufacturers, just as President Trump demands American companies do at home.
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Greenland Gets a Little Easier to Visit as United Starts Nonstop Flights
United Airlines has started a seasonal, nonstop flight from Newark to the capital of the Arctic island that President Trump wants to acquire.
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Trump Encourages Powell to Resign in Latest Attack on the Fed Chair
Jerome H. Powell, whose term does not expire until May, has argued that the central bank can afford to be patient about cutting interest rates amid uncertainty about the economic outlook.
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Trump Says U.S. Ending Trade Talks With Canada
The president said he would cease negotiations and impose new tariffs because of Canada’s imminent, new digital services taxes.
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G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight
American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.
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Trump Administration Signals Trade Talks May Extend Beyond July Deadline
The Treasury secretary said negotiations with some countries might last until Labor Day, signaling that the White House may hold back from imposing tariffs on some trading partners in early July.
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PCE Inflation Was Slightly Hotter in May as Economists Brace for Trump’s Tariffs
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.