He calls the block “political obstruction.” Treasury Secretary Scott Bessent responded to the refusal of the governors of the states of New York, Colorado, Illinois, and the District…
Read MoreEconomy
White House Announces Trade Deficit Reduction
The deficit has reached a 5-year low. The White House announced that the U.S. trade deficit has decreased to its lowest since mid-2020. The deficit has gone down…
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Federal Reserve Votes to Lower Interest Rates Again
Chairman says, “I really want to turn this job over to whoever replaces me with the economy in really good shape.” The Federal Reserve Board met this week…
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Labor Department Releases September Jobs Report Delayed by Shutdown
The report came out nearly a month and a half late due to Congress not neglecting to fund the federal government. The Bureau of Labor Statistics (BLS) released…
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President Trump Endorses 28-Point Peace Plan for Ukraine
U.S. delegation met with Ukrainian officials in Geneva, Switzerland. President Donald Trump recently endorsed a draft peace proposal developed by U.S. officials that includes significant territorial and security…
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Senate Resolution Supports Limits on AI Chip Sales
Senator Coons says the legislation will help the United States maintain dominance in the ‘AI race.’ Senators Chris Coons of Delaware and Tom Cotton of Arkansas have introduced…
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Treasury Department Announces Exchange Agreements with Thailand and Malaysia
They jointly confirm the continued “close consultations on macroeconomic and foreign exchange matters.” After Treasury Secretary Scott Bessent’s recent trip to Asia, the U.S. Department of the Treasury…
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President Trump Makes Trade Deal with China
Based on commitments from the Chinese president, President Trump lowered fentanyl-linked tariffs to 10 percent. President Donald Trump met with Chinese Communist Party (CCP) President Xi Jinping on…
Read MoreSenate Passes Bills to End President’s Tariffs on Canada and Brazil
The House of Representatives is unlikely to take up the measures. The Senate narrowly approved two bills this week, introduced by Senator Tim Kaine of Virginia, to respectively…
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Social Security to Increase Benefits by 2.8 Percent in 2026
The adjustment is intended to help retirees ease the strain caused by inflation. The Social Security Administration (SSA) announced that benefits will rise by 2.8 percent in 2026…
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