Jerome Powell, the head of the Federal Reserve, spoke up about tariffs and inflation during a recent chat with senators. He said that the new tariffs might make prices go up in the coming months. This means that everyday items could cost more. Powell also mentioned that most Fed officials think cutt
Senators from both parties have raised strong objections to the Trump administration's proposal to slash $9 billion in federal funding. This money supports public broadcasting and various foreign aid programs. The plan targets the Corporation for Public Broadcasting (CPB), which funds local TV and r
A federal judge in Washington state made a big call. She told the Trump administration to start giving money to 14 states again. This money is for building electric vehicle (EV) chargers. The administration had frozen these funds, which were supposed to help states install high-speed chargers along
California is in hot water with the federal government. The U. S. Department of Education says the state broke Title IX rules by letting transgender girls compete in female sports. They want California to change its ways or face serious consequences, like losing federal funding. The issue started w
The US is stepping up its game in the AI world. Lawmakers from both major parties are teaming up to keep Chinese AI systems out of US government hands. They're serious about this. They see AI as a big deal in the ongoing tech rivalry between the US and China. This push comes after a Chinese startup
Some former employees of the National Oceanic and Atmospheric Administration (NOAA) are in a tough spot. They were fired, then rehired, and then fired again. Now, they're getting bills for health insurance they never had. The workers say they received letters demanding payment for health care premi
The Federal Reserve is thinking about making it easier for big banks to hold onto certain types of investments. This change could free up around $223 billion for some of the largest financial institutions in the country. The rule in question, known as the enhanced supplementary leverage ratio, was
The Federal Reserve, led by Chair Jerome Powell, is in a tough spot. The economy is a bit of a mystery right now, and Powell wants to wait and see how things play out before making any moves with interest rates. This puts him at odds with President Trump, who's been pushing for rate cuts ASAP. Powe
A recent proposal to sell off over 3. 2 million acres of federal land in the Western U. S. has hit a roadblock. The Senate parliamentarian ruled that the plan, put forward by Senator Mike Lee, breaks the chamber's rules. This move has sparked a debate about who should control these lands and what th
Bitcoin traders are getting ready for a possible price drop. They are using options to protect themselves. This is happening because of worries about the world economy and politics. Traders are buying more put options than call options. This shows they are worried about a price fall. Put options le
