U.S. Economy
Johnson says Democrats will ‘lose that battle’ if shutdown hinges on ACA subsidies
House Speaker Mike Johnson accused Democrats in Congress on Wednesday of inserting “partisan political preferences” into the government funding fight, and said they are risking a shutdown if they don’t drop their demands. “It doesn’t make any sense, and they’re going to lose that battle,” Johnson said on CNBC’s “Squawk Box” of his Democratic colleagues. […]
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Trump pick Stephen Miran confirmed to Federal Reserve Board; will also keep White House job
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025. Aaron Schwartz | Bloomberg | Getty Images The Senate on Monday confirmed President Donald Trump’s pick to join the Federal Reserve, Stephen Miran, just one day before the central […]
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Trump tariffs are fueling inflation, congressional budget chief says
Congressional Budget Office director Phillip Swagel said Monday that President Donald Trump’s tariffs appear to have pushed inflation up higher than CBO analysts had initially expected. His views differ from those of Wall Street analysts, many of whom have been bracing for tariff-driven price hikes, but have yet to see them in materialize. Speaking on CNBC’s […]
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Democrats dig in on health care as threat of government shutdown looms
U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters as Senate Democratic leaders hold a press conference following their weekly policy lunch on Capitol Hill in Washington, D.C., U.S., Sept. 9, 2025. Elizabeth Frantz | Reuters Congressional Democrats are zeroing in on health care as a key sticking point in negotiations with the threat […]
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Poll: Trump’s job ratings stay negative; Americans express strong support for vaccines
U.S. President Donald Trump looks on while signing executive orders during a press availability in the Oval Office of the White House on September 05, 2025 in Washington, DC. Kevin Dietsch | Getty Images News | Getty Images Americans’ views of President Donald Trump’s job performance remain negative amid a flurry of activity from his […]
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‘Dear Canada’: U.S. tourist spots try to win back neighbors from the north
Visitors walk near in Old Orchard Beach, Maine, on July 22, 2025. Robert F. Bukaty | AP Photo The adage “time heals all wounds” is not holding true for Canadian travelers and their desire to vacation in America. Visits to the United States from Canada are down 25.2%, year to date, with a 37% year-over-year […]
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Why the end of ‘de minimis’ can hurt consumers — especially lower-income ones
Containers are loaded and unloaded at Port Jersey Container Terminal in New Jersey, on May 1, 2025. Mostafa Bassim/Anadolu via Getty Images The Trump administration is scrapping the “de minimis” rule on Friday, a move likely to raise prices for consumers who buy inexpensive goods online and that may trigger near-term shortages for certain items, […]
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Fed Governor Lisa Cook sues Trump to block her firing
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal […]
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Trump White House pressures Fed Governor Lisa Cook to go on leave as lawsuit looms
White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser, Kevin Hassett, said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central […]
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Leisure travel to the U.S. is down, but business bookings are up
Leisure travel to the United States is down this year, but business travel to the country remains stable, according to a report from SAP Concur. The United States was the top destination for global business travelers in the first half of 2025, according to the report. Some 15% of all business air travel bookings were […]
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