Most Split Fed Vote Since 1992 Leaves Markets Rethinking the Outlook for Lower Rates
The Federal Reserve left interest rates unchanged on April 29, but the real significance of the meeting was how divided policymakers appeared to be. Fed kept its benchmark rate in the 3.5% to 3.75% range, as expected, yet the vote was the most split since 1992. Eight officials supported holding rates steady, while four dissented: […]
First Refunds From Trump Tariffs Expected in May as Importers Wait for Billions in Repayments
The U.S. government says the first refunds tied to President Donald Trump’s overturned tariffs are expected to begin going out around May 11, marking the next major step in unwinding one of the most disruptive trade policies of his administration. The update came from U.S. Customs and Border Protection, which is overseeing the process of […]
High Court Strikes Down Louisiana’s Black-Majority District, Opening Door to Wider GOP Redistricting Gains
The U.S. Supreme Court has delivered a major blow to the Voting Rights Act by striking down Louisiana’s second majority-Black congressional district, a ruling that could reshape redistricting battles across the country and strengthen Republican efforts to hold or expand control of the House. In a 6-3 decision, the court’s conservative majority said the Louisiana […]
Crude Climbs Past $111 With Iran Peace Talks Frozen and Hormuz Risks Unresolved
Oil prices moved back above $111 a barrel as hopes for a diplomatic breakthrough between the United States and Iran continued to fade, keeping traders focused on the risk of a prolonged supply shock. Peace talks had stalled with no clear path to reopening the Strait of Hormuz, one of the world’s most important routes […]
New Offshore Wind Projects Advance Despite Trump’s Push to Shut Down U.S. Wind Expansion
Offshore wind projects are continuing to take shape along the U.S. East Coast even as President Donald Trump tries to stop the American offshore wind industry from moving forward. Seemingly, there are three of the five wind farms in the region, two fully operational, two nearly complete, and one about halfway built. The physical build-out […]
U.S.-UK Trade Tensions Rise as Trump Warns of ‘Big Tariff’ Over British Tech Tax
President Donald Trump has threatened to impose a “big tariff” on the United Kingdom if it does not scrap its digital services tax, escalating a transatlantic trade dispute centered on how governments tax large American technology companies. Trump said the United States would retaliate if Britain continues targeting firms such as Apple, Google, and Meta […]
Trump Taps Minnesota Economist Christopher Phelan to Lead White House Economic Council
President Donald Trump has nominated University of Minnesota economist Christopher Phelan to serve as his chief economic adviser, filling a key White House vacancy at a moment when economic policy is under heavy political and financial scrutiny. Phelan would become the new head of the Council of Economic Advisers, or CEA, if confirmed by the […]
Trump’s Deportation Push Could Hurt Republicans in the Midterms
President Donald Trump’s aggressive deportation campaign could become a political liability for Republicans in the 2026 midterm elections. More Americans now say they are less likely to support a congressional candidate who backs Trump’s deportation approach than say they are more likely to do so, suggesting the issue may be shifting from a Republican strength […]
Trump’s Research Funding Overhaul Is Reshaping How Universities and Scientists Work With Washington
A major shift in how the Trump administration is approaching federal research funding, with consequences that could reach far beyond universities and laboratories is a core issue that not only covers how much money the government spends on research, but also the rules, priorities, and conditions attached to that support. The administration is trying to […]
U.S. Delays New Iran Talks but Expands Ceasefire After Pakistan Seeks More Time
President Donald Trump said the United States is indefinitely extending its ceasefire with Iran, just one day before the truce was set to expire, in a move that temporarily lowers the risk of an immediate return to fighting.Trump made the announcement Tuesday April 21 while a new round of peace talks was on hold, easing […]
