Federal Reserve Chair Jerome Powell on Wednesday cautioned that the central bank could face a “challenging scenario” of managing both accelerating inflation and a slowing economy brought on by the impact of President Trump’s tariffs. In written remarks at the Economic Club of Chicago, Powell reiterated that the Trump administration’s tariffs are “significantly larger than anticipated.”
Drop in illegal crossings at U.S. southern border Sharp drop in illegal crossings at U.S. southern border 01:16 Washington — Two service members deployed to the U.S. southern border are dead and a third is in serious condition after a vehicle accident near Santa Teresa, New Mexico, the military announced late Tuesday. The troops were
California Gov. Gavin Newsom said Wednesday his state will file a lawsuit challenging President Trump’s authority to impose sweeping tariffs that have set off a global trade war. The suit will argue Mr. Trump’s use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada and China or a 10% tariff on
President Trump plans to overhaul the Endangered Species Act to make it easier to build in the U.S. where endangered species live, a White House official confirmed Wednesday. The president has voiced frustration with the 1973 law and similar environmental protections, saying environmentalists are impeding growth. Real Clear Politics first reported Mr. Trump’s plans to
Washington — A federal judge said Wednesday that probable cause exists to find the Trump administration in criminal contempt over its defiance of an order to turn around planes carrying Venezuelan migrants that was bound for El Salvador. U.S. District Judge James Boasberg wrote in a 46-page decision that the government’s actions on March 15
A government memo obtained by CBS News shows the Trump administration created broad rules outlining which migrants can be held at Guantanamo Bay, allowing officials to send non-criminal detainees there despite a vow to hold “the worst” offenders at the naval base. As part of his aggressive crackdown on immigration, President Trump in late January
Washington — Attorney General Pam Bondi announced Wednesday that the Justice Department is filing a civil lawsuit against Maine’s Department of Education for “discriminating against women by failing to protect women in women’s sports” in what she alleged is a violation of Title IX. “The Department of Justice will not sit by when women are