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Trump slaps new tariffs on 60 trading partners, backfilling blanket tariffs Congress let expire
The Trump administration announced Thursday that it will impose tariffs of 10% to 12.5% on imports from 60 countries that failed to enforce bans on goods produced with forced labor.
Dozens of states face loss of food-stamp funding due to overpayments
The majority of states are mistakenly too generous in handing out federally funded food stamps, and are now at risk of having to pay for the benefits themselves.
Cato Institute flags risks as wealth-tax proposals gain steam in U.S., abroad
A libertarian think tank is raising fresh concerns about the renewed push for wealth taxes on the ultra-rich, arguing that countries that tried them mostly backed away -- and for reasons policymakers should remember.
House Oversight moves bill to veto D.C. tax raises in response to prospective socialist mayor
The Republican-controlled House Oversight Committee advanced a bill Wednesday that would give Congress veto power over the District's attempts to raise taxes and fees, in what the bill's top sponsor framed as a bulwark against a likely socialist mayor.
Trump trade rep says more tariffs are coming as blanket levies expire, Democrats raise cost worries
President Trump will keep tariffs at the center of his economic policy despite legal headwinds and Democratic complaints that levies fuel higher prices, U.S. Trade Representative Jamieson Greer told Congress on Wednesday.
House passes stopgap bill to fund government as Senate eyes alternative
The House passed a bill Tuesday evening that would keep the government funded through Dec. 4, but the Senate is preparing an alternative stopgap measure.
Trump slaps 50% tariffs on new list of Canadian goods in response to boycotts of U.S. alcohol, dairy
President Trump plans to impose 50% tariffs on a variety of Canadian goods, such as hockey sticks and cement, in retaliation for Canada's treatment of American exports of alcohol, dairy and motor vehicles.
Socialists’ agenda takes hold in America’s cities and towns, while their foothold grows in Congress
America's new class of socialist leaders is imposing their agendas on some of the nation's cities, scaring businesses and the wealthy with tax increases while expanding services for the poor and working class, whom they say have long been ignored.
House GOP’s ‘reconciliation 3.0’ runs into Senate roadblocks
House Republicans say they limited their ambitions for a third party-line spending package to make it easier to get through the Senate, but the ploy does not appear to be working.
Trump administration sues to stop Maryland from giving in-state tuition to illegal immigrants
The Department of Justice has sued to end Maryland's law that allows illegal immigrants to get in-state tuition rates.
New DHS rule will penalize immigrants who use welfare
The Department of Homeland Security announced Thursday that it has made it easier for officers to block green-card applications from immigrants who claimed welfare, revoking a Biden-era rule that officials said was too lenient and had "straitjacketed" the department.
Retail sales up a modest 0.2% in June amid economic uncertainty and fading benefits from tax refunds
Shoppers slowed their spending in June from May amid continuing economic uncertainty and fading benefits from generous government tax refunds.
Republicans release budget instructions for filibuster-proof defense, SAVE America Act package
House Republicans on Wednesday announced their blueprint for a filibuster-proof budget bill that will spend up to $95 billion on defense, restocking weapons used in the Iran war, aid to farmers and implementation of voter ID requirements.
U.S. attacks Iran and Tehran retaliates across the Middle East, threatening a return to all-out war
The U.S. launched strikes on Iran early Tuesday, hours after President Donald Trump vowed to reinstate an American blockade of Iranian ports and charge ships for safe passage through the Strait of Hormuz. Iran responded with attacks on Middle East allies of the U.S.
WATCH: House probes IRS failure to nab tax dodgers in federal workforce
More than half a million federal employees and retirees owe a combined $6.3 billion in unpaid taxes, and the IRS's own enforcement tools are barely being used. Susan Ferrechio breaks down which agencies have the worst compliance records and why federal workers keep getting away with it.
Schumer gets his Democrats ready for another shutdown showdown
Senate Minority Leader Charles E. Schumer on Monday warned of a government shutdown in October over spending on the Iran war.
Judge nixes Trump’s IRS-weaponization deal, says president used court for ‘political purposes’
A federal judge on Monday voided a controversial settlement between President Trump and the Justice Department, accusing the administration of abusing the court system to establish a $1.776 billion "anti-weaponization" taxpayer fund.
Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
The Trump administration is taking additional steps to prevent people living in the U.S. illegally from using the nation's banking system, cracking down on financial institutions that are lending money to them.
DOGE shuts down with tally of budget savings in dispute
President Trump's cost-cutting initiative, the Department of Government Efficiency, officially closed its doors on Independence Day, and the administration does not plan to issue a final report on the effort.
NATO chief demands allies present credible plans to reach defense spending targets
NATO Secretary-General Mark Rutte on Monday demanded that members put forward "clear, concrete and credible plans" to reach the organization's defense spending targets at its annual summit in Ankara.
