Democratic Governors Launch State Reviews to Assess Local Impact of Tariffs

A container ship at the Port of Los Angeles on June 25, 2025. Mario Tama/Getty Images Five Democratic-led states announced new steps on July 14 to counter what they call the rising costs of President Donald Trump’s tariff policy, as the White House said that consumers are seeing lower import prices. Arizona, Colorado, Illinois, New

Trump Starts Process to Replace Fed Chair, Won’t Oust Powell Early, Bessent Says

Federal Reserve Chair Jerome Powell attends a press conference in Washington, on June 18, 2025. Kevin Mohatt/File Photo/Reuters Treasury Secretary Scott Bessent said on July 15 that the “formal process” for selecting a successor to Federal Reserve Chairman Jerome Powell is already underway, but he emphasized that President Donald Trump has no plans to remove