U.S. Treasury Secretary Scott Bessent speaks during a ceremony for U.S. National Day at the World Expo 2025 in Osaka, Japan, on July 19, 2025. Tomohiro Ohsumi/Getty Images Treasury Secretary Scott Bessent said on Oct. 13 that the ongoing government shutdown has begun to impact the U.S. economy as it enters its 13th day with
A page from the Department of Government Efficiency (DOGE) website is displayed on a phone. Oleksii Pydsosonnii/The Epoch Times The Department of Government Efficiency (DOGE) announced this past week that more than 100 federal contracts have been terminated with a value of nearly $6 billion. Multiple agencies “terminated and descoped 108 wasteful contracts” that have
A page from the Department of Government Efficiency (DOGE) website is displayed on a phone. Oleksii Pydsosonnii/The Epoch Times The Department of Government Efficiency (DOGE) announced this past week that more than 100 federal contracts have been terminated with a value of nearly $6 billion. Multiple agencies “terminated and descoped 108 wasteful contracts” that have
President Donald Trump arrives to address the Knesset, Israel’s parliament, with Amir Ohana (3rd R), speaker of the Knesset, and Israeli President Isaac Herzog (2nd R), in Jerusalem on Oct. 13, 2025. Chip Somodevilla/Getty Images President Donald Trump declared a “day of profound joy, of soaring hope, of renewed faith” as he addressed the Israeli
U.S. Vice President JD Vance speaks about tax cuts and support for law enforcement at Concord–Padgett Regional Airport, in Concord, North Carolina, on Sept. 24, 2025. Alex Brandon/Pool via Reuters/File Photo Vice President JD Vance said Sunday that waste and fraud plague the health care tax credits at the center of a congressional funding impasse
President Donald Trump walks on the South Lawn after arriving on Marine One at the White House in Washington on Oct. 10, 2025. AP Photo/Alex Brandon Since his 2024 campaign to reclaim the White House, President Donald Trump has repeatedly raised the prospect of invoking a little-known insurrection law that dates back to the earliest
By Terri Wu | October 12, 2025Updated:October 12, 2025 The U.S.–China trade war has unfolded like a boxing match. Both sides were trading blows, and suddenly, China threw a haymaker. That’s the analogy William Lee, chief economist of the Milken Institute, used to describe the latest development in the economic confrontation between the two countries.