It’s steady as she goes for the Fed this time around, as many investors had pretty much baked in. After a June hike of the benchmark federal-funds rate to a range between 1.75% and 2%, the Fed concluded this week’s meeting Wednesday by standing pat and keeping rates right there.
The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed.
Four months after President Trump warned he would ‘never again’ sign a massive federal spending bill containing areas he wants to cut, Congress has finally made some progress reforming its long-broken process of appropriating annual government funding and trying to get it done on time.
Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.
President Donald Trump said Sunday he’d be willing to shut down the government if Democrats refuse to vote for changes he seeks to the U.S. immigration system, including building a wall along the U.S.-Mexico border.
House Speaker Paul Ryan came out strongly against his House Republican colleagues’ push to impeach Deputy Attorney General Rod Rosenstein on Thursday.
President Trump is urging Americans feeling the pinch from international trade policy disputes, as well as congressional Republicans who fear his tariffs will wipe out the economic boom right before the midterm elections, to endure the pain just a little bit longer.
Conservative House lawmakers introduced articles of impeachment against Deputy Attorney General Rod Rosenstein on Wednesday, saying he’s led the Justice Department in ‘hiding’ information from Congress on investigations into Russian election meddling and Hillary Clinton’s secret emails.
Key agricultural trade associations praised the Trump administration Tuesday for providing $12 billion to support farmers hurt by an ongoing trade war, but urged the administration to dial back that fight.
Six former national security officials are being targeted by President Donald Trump for their criticism of his administration. In an unprecedented move, the president is considering revoking their security clearances, making them ineligible for access to the nation’s closely held secrets.
The weekend release of a highly-redacted version of the FBI’s application for a Foreign Intelligence Surveillance Act warrant to wiretap onetime Trump foreign policy adviser Carter Page has renewed the argument over the Nunes memo — the brief report produced by House Intelligence Committee Chairman Rep. Devin Nunes detailing problems in the application.
A U.S. judge on Thursday ordered another extension of a temporary assistance program for hundreds of Puerto Rico families who fled the hurricane-ravaged island in 2017 and are living in hotels across the United States.
The White House on Wednesday backed a House spending bill that includes $5 billion to build a border wall, saying it will pay for another 200 miles of physical barrier on the border with Mexico.
A court hearing on a Texas law requiring the burial or cremation of aborted fetal tissue opened on Monday with the state arguing the requirement was a matter of dignity, while abortion providers called it unnecessary and aimed at impeding clinic operations.
The Department of Justice has indicted 12 Russian intelligence officers for hacking the Democratic National Committee during the 2016 election.
The federal government collected a record $1,305,490,000,000 in individual income taxes through the first nine months of fiscal 2018 (October 2017 through June 2018), according to the Monthly Treasury Statement released today.
The United States Supreme Court has declined to hear two cases dealing with the legality of prayer at legislative meetings, maintaining one municipal council’s right to continue holding prayers and leaving another stuck with a lower court defeat.
A federal judge on Monday dismissed several parts of the Justice Department’s lawsuit against California for its so-called ‘sanctuary’ laws, which seek to limit federal power in enforcing immigration laws in the state.
President Trump nominated federal appeals court Judge Brett Kavanaugh to the Supreme Court Monday night, setting up a furious partisan confirmation battle as he seeks to move the high court firmly under conservatives’ control for decades to come.
President Trump is set to announce his Supreme Court pick Monday, appointing a jurist who has the chance to set the highest court on a new trajectory and deliver decisions to which conservatives have been looking forward for generations.