Budget Battles
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Trump Ratchets Up His Tariff Threats
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Trump Picks Project 2025 Architect to Oversee Budget
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Trump Taps Hedge Fund Mogul for Treasury Secretary
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Trump Picks a New Attorney General Nominee After Gaetz Withdraws
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Musk and Ramaswamy Outline Plan to Slash Federal Workforce
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Trump Picks TV’s Dr. Oz to Run Medicare and Medicaid
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Johnson Signals Plan for Looming Shutdown Deadline
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Will Trump Try to ‘Overrule’ Monetary Policy?
By Mark ThomaHow will the Federal Reserve evolve during Donald Trump’s term as president? Presently, three of the seven positions on the Federal Reserve Board are vacant. These vacancies, along with the...
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Why the Treasury Is Ending a Low-Income Retirement Saving Program
Less than two years after the Obama administration rolled out a myRA, a savings program aimed at helping the millions of Americans without access to a retirement account through work, the Trump...
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Will Janet Yellen Give Wall Street a Scare?
For years, the Federal Reserve has been unable to convince the market it's serious about aggressively tightening policy. Janet Yellen and her cohorts have been guilty of "crying wolf," constantly...
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Is the Fed About to Wage War on the Rich?
For years, stocks have been driven relentlessly higher thanks to a single statement that summarized the aggressive central bank largesse since the eurozone crisis flared up in 2012: Policymakers...
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Is the Fed Fighting the Trump Rally?
The evidence is growing that the Federal Reserve’s policymakers are actively working to lean against the stock market's rise, a dramatic reversal from the years of policy support stock market bulls...
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The Fed’s Big Mistake: Rate Hikes Hurt US Workers
By David DayenProtesters rallied in Washington, New York City and Philadelphia yesterday against an imminent government action that would damage the financial prospects of ordinary workers. And no, it had nothing...
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The Fed, the Reality of Tax Cuts, and Donald Trump
By Mark ThomaFor many years, Republicans argued that tax cuts for the wealthy pay for themselves. Cutting taxes on the wealthy, according to Republicans, allows them to keep a larger share of anything new they...
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Will Unwinding the Fed’s $4.5 Trillion Balance Sheet Kill the Bull Market?
Over the last decade, investors have grown accustomed to a Federal Reserve that constantly coddled them, allayed their fears and did everything possible to support the financial markets and asset...
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The Key to This Market: Here’s What Will Determine if Stocks Rise or Fall
For now, instead of putting pressure on risk assets, the Fed's newfound hawkishness is bolstering the reflation trade by lifting the dollar higher and attracting global capital into U.S. assets. Same...
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Can Wall Street Handle Higher Interest Rates?
The Federal Reserve just raised interest rates for the second time in three months, signaling a dramatic quickening of its prior pace. For the first time in more than a decade, Fed policymakers are...
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Mnuchin Says He Takes the Debt Ceiling More Seriously Than Trump
By Eric PianinPresident-elect Donald Trump raised plenty of eyebrows during the campaign by lightly dismissing the importance of the debt ceiling. He suggested that if push came to shove, he would negotiate down...
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Why Does Trump Favor a ‘Weak Dollar’ and Is That Good or Bad for America?
By Rob GarverTrump’s willingness to talk down the value of the dollar is a notable departure from decades of “strong dollar” rhetoric from administrations of both Republican and Democratic presidents going back...
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3 Questions the Senate Needs to Ask Treasury Nominee Steve Mnuchin
By Ciro ScottiSteven Mnuchin, the former Goldman Sachs banker, Wall Street investor and Hollywood financier who has been nominated for Treasury Secretary by president-elect Donald Trump, says he will divest...
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How the Fed’s Hawkishness Puts the Trump Rally at Risk
The Federal Reserve announcement Wednesday of a 0.25 percent interest rate hike was expected, justified by higher inflation expectations and an improved economic outlook. What wasn’t expected: the...
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Yellen Upbeat on Economy, but Says Trump Brings ‘Cloud of Uncertainty’
By Rob GarverFederal Reserve Chair Janet Yellen offered an upbeat assessment of the state of the U.S. economy on Wednesday, but warned that monetary policymakers will be cautious about projecting its future path...