Budget Battles
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Trump’s Tax and Tariff Plans Are a ‘Major Mistake,’ Biden Warns
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Trump ‘Can’t Guarantee’ Tariffs Won’t Raise Prices
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Job Growth Surges, but Unemployment Rate Creeps Higher
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Musk and Ramaswamy Hit Capitol Hill for DOGE ‘Brainstorming’
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Republicans Already Clashing Over Trump Policy Rollout
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Trump Vows to Block Sale of US Steel to Japanese Company
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Trump Threatens 100% Tariffs Against BRICS Nations
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Bannon Is Out, but Economic Nationalism Still Thrives at the White House
By Linette Lopez, Business InsiderJust because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
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More Good News on Jobs Gives the Fed a Green Light to Start Unwinding
By Lucia Mutikani, ReutersThe number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay...
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The Walls Are Closing In as Allies Abandon Trump
By Rob GarverThings have looked grim for Donald Trump’s future more than once in his relatively brief career as a politician. But on Wednesday, the cracks in the edifice of his public standing were really...
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Household Debt in the US Just Hit an All-Time High
By Jonathan Spicer, ReutersAmericans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card...
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Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom
By David Lawder, ReutersThe Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with...
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Here’s Why Trump Deserves Credit for the Stock Market Surge
By Liz PeekAs of Tuesday, the Dow Jones Industrial Average had scored record highs for nine days in a row; the gains are driving anti-Trumpers crazy. Though the president’s boasts are not always accurate,...
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Are You Rich? Tax Reform May Answer That Question for You
By YLAN Q. MUI, CNBCWhether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
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A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over
A new report by the Hamilton Project at the Brookings Institution has good news: "With [yesterday's] employment report, we can report that the national jobs gap relative to November 2007 has closed (...
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Is Wage Growth Finally Coming for American Workers?
By Jeff Cox, CNBCWage growth has been the missing link throughout a period that has produced more than 18.5 million new jobs, including 209,000 in July. But Amy Glaser, who helps run Adecco Staffing, believes the...
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Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits
By Tom DiChristopher, CNBCPresident Donald Trump may be fuming over Republicans' failure to repeal and replace Obamacare, but he can certainly take solace in the GOP's swift overhaul of the Obama administration's energy and...
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The Real Reason Stocks Are Hitting Record Highs
By Ron Insana, CNBCPresident Trump has made note of the record run in the market, suggesting that the administration's economic agenda is responsible for the strength in stocks. During a press conference on Wednesday,...
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US Employers Are Skipping Out on Billions in Payroll Taxes
By Eric PianinA new report by the Treasury Inspector General for Tax Administration says the IRS is doing too little to go after employers suspected of hiding wages and failing to report billions of dollars in...
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Is the Housing Bubble Back? These Four US Cities Are in the Danger Zone
By Diana Olick, CNBCHome price gains are accelerating again, and in some cities those values are overheating. Four of the nation's largest cities are now considered overvalued, according to CoreLogic. Home prices in...
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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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Facing Crumbling Roads, States Are Finally Raising Gas Taxes for Repairs
By Sophie Quinton, StatelineMotorists don’t like to pay more at the pump, and lawmakers worry that if they raise taxes on gasoline, they’ll be voted out of office. But states rely on those taxes to build and maintain roads and...