Category: United States Politics and Government

Asia Markets Fall After Trump Threatens New Tariffs on China

Investors reacted to a pledge from the president on Friday to impose a “massive” new tariff on Chinese imports.
Black Unemployment Is Surging Again. This Time Is Different.

Federal layoffs and an end to diversity initiatives have weakened a historically strong labor market for Black workers.
Trump to Announce a Drug Pricing Deal With AstraZeneca

The move would follow a similar agreement with Pfizer. Other companies are engaged in talks with the White House that would help them avoid tariffs on their products overseas.
White House Signals Federal Layoffs Have Begun During Shutdown

The head of the White House budget office said on Friday that reductions in force had started.
Trump Threatens to Cancel Meeting with China’s Xi and Impose New Tariffs

The president raised economic retaliation after Beijing imposed new restrictions on the export of rare earth minerals, which are vital supplies for U.S. automakers and defense manufacturers.
The Fiscal Gambit at the Center of the Shutdown

It is a well-worn strategy to temporarily create a government benefit and hope that its eventual expiration will create a standoff like the shutdown fight.
Trump’s Aides and Officials Take Political Battles Online

President Trump’s long, avid embrace of social media has been eagerly adopted by his top aides, replacing longstanding governmental norms with online ones.
Critics Say Select Investors Gained From US Aid to Argentina

Treasury Secretary Scott Bessent said stabilizing the country was in the United States’s interests. Critics say some investors may have also benefited.
Inflation Report Will Be Released Despite Shutdown

The Bureau of Labor Statistics is calling back some employees to produce the Consumer Price Index for September. That data is needed to calculate the annual cost-of-living adjustment for Social Security beneficiaries.
Big Investors Await Windfall From Trump’s Argentina Bailout

The United States finalized a $20 billion lifeline for Argentina that will benefit Treasury Secretary Scott Bessent’s allies.
In N.J. Governor’s Race, Energy Costs Have Become a Central Issue

Energy costs have become a central issue in the governor’s race between Jack Ciattarelli, the Republican, and Representative Mikie Sherrill, the Democrat.
A Tough Job for Jay Powell at the Fed Gets Tougher

Some at the central bank don’t feel the need to cut rates further this year; others are worried about the jobs market. That complicates the job of Jay Powell, its chair.