Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it.
Category: United States Politics and Government
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Cooling Labor Market and Elevated Inflation Stoke Fed Divisions on Rate Cuts
Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point.
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Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump.
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China Is Getting Much of What It Wants From the U.S., Including Chips
For China, President Trump’s moves to loosen chip controls, soften U.S. rhetoric and stay silent on tensions with Japan amount to a rare string of strategic gains.
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Bessent Accelerates Regulation Overhaul to Jumpstart Growth
The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.”
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This Isn’t the First Time the Fed Has Struggled for Independence
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951.
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Fed Divisions Underscore Challenge for Trump’s Next Chair
President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
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Trump Doesn’t Want to Talk About Affordability. Democrats Say That’s a Gift.
The president continues to brush off an issue that he said he would solve in his first months in office. Some Democrats say he is making the same mistake as his predecessor.
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Lawsuit Challenges Park Service Passes Featuring Trump
An environmental group is suing, saying federal law requires an image of public lands, not the president.