Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut its
Washington — The House is planning to vote on the Senate-passed version of President Trump’s “big, beautiful bill” as soon as Wednesday morning, though a sizable contingent of Republican critics could still sink the legislation. The measure narrowly survived the Senate after a marathon session ended with Vice President JD Vance casting the tie-breaking vote
The Federal Bureau of Investigation has selected a new headquarters building in Washington, D.C., after nearly two decades of failed attempts to find a permanent new space, the Bureau announced on Tuesday. The FBI has been headquartered in downtown D.C. at the J. Edgar Hoover building since 1975 but structural problems have plagued the building
Washington — A federal judge in Rhode Island has blocked the Department of Health and Human Services from implementing mass layoffs and overhauling some of its sub-agencies, finding there to be “no rational basis” for the Trump administration’s reorganization plans that would have “devastating consequences” across the country if enacted. The suit was brought by
Washington — The Senate on Tuesday narrowly passed a massive spending and tax bill that includes signature policies of President Trump’s second-term agenda in a 51-50 vote that required Vice President JD Vance to break a tie. The vote came after a marathon session that featured votes on amendments to key portions of the bill
Washington — The Senate narrowly passed President Trump’s massive tax and spending bill Tuesday after a marathon series of amendment votes that stretched more than 24 hours, delivering a major victory for the president and bringing the signature piece of legislation of his second term one step closer to his desk. The measure passed in
President Trump’s promise to eliminate federal income tax on worker tips could soon come to fruition after the Senate passed President Trump’s massive budget package. One part of the legislation, the centerpiece of the Trump administration’s economic agenda, would provide workers who rely on tips for a large share of their income, such as waiters,