Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.
President Donald Trump and his top officials have recently criticized Minnesota's Somali community, drawing attention to immigrants from the war-torn East African country.
Federal authorities are preparing an immigration enforcement operation in Minnesota, focusing on Somali immigrants living unlawfully in the U.S. The operation, which could begin soon, targets people in the Minneapolis–St. Paul area with final deportation orders.
The U.S. Treasury Department plans to reclassify certain refundable tax credits as "federal public benefits," barring undocumented immigrants and some noncitizens from receiving them.
Leaders and delegates from the world’s richest nations and top developing countries are gathering this weekend for the Group of 20 summit in South Africa, an event overshadowed by the boycott of U.S. President Donald Trump and his administration.
The Trump administration has announced trade frameworks with Argentina, Ecuador, El Salvador, and Guatemala.
Colombian President Gustavo Petro has ordered security forces to stop sharing intelligence with the United States until it stops striking suspected drug trafficking boats in the Caribbean.
President Donald Trump boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government and give him diplomatic leverage.
President Donald Trump has warned that the Supreme Court will leave the United States “defenseless’’ and possibly “reduced to almost Third World status’’ if it strikes down the tariffs he imposed this year on nearly every country on earth.
Voters have sent a message to President Donald Trump that the economy doesn't feel as though its booming — despite what he says.
President Donald Trump caused some confusion earlier Tuesday when he appeared to threaten SNAP benefits unless Democrats voted to reopen the government — despite court orders mandating that the administration keep the nation’s largest food program running.
The Trump administration is indicating in court that it will only partially fund the federal food assistance program as the government shutdown reaches into a second month.
Republicans and Democrats remained at a stalemate on the government shutdown over the weekend as it headed into its sixth week, with millions of Americans starting to lose food aid benefits and President Donald Trump pushing GOP leaders to change Senate rules to end it.
After months of posturing, arguing and threatening, U.S. President Donald Trump and Chinese leader Xi Jinping have essentially turned back the clock.
American farmers welcomed China’s promise to buy some of their soybeans, but Iowa farmer Robb Ewoldt cautioned this won’t solve all the problems as farmers continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds.
Treasury Secretary Scott Bessent says China has agreed to purchase 25 million metric tons of U.S. soybeans annually as part of an agreement reached by its leaders.
President Donald Trump's administration is restricting the number of refugees it admits into the country to 7,500 and they will mostly be white South Africans.
President Donald Trump says he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Trump administration has been signaling that it may have finally reached a deal with China to keep TikTok running in the U.S., with the two countries finalizing the details as soon as Thursday.
U.S. District Judge Sara Ellis has ordered a senior U.S. Border Patrol official to meet with her daily “to hear about how the day went” after weeks of confrontations between immigration agents and the public in the Chicago area.
Treasury Secretary Scott Bessent on Monday confirmed the names of five candidates to replace Jerome Powell as chair of the powerful Federal Reserve next year.
Argentine President Javier Milei has hailed his party’s resounding victory in midterm congressional elections as a mandate to press forward with radical free-market reforms.
The Trump administration has imposed sanctions on Colombian President Gustavo Petro, his family, and a government member over drug trade allegations.
U_S_ Treasury Secretary Scott Bessent has announced new sanctions against Russia’s two biggest oil companies and blasted Moscow’s refusal to end its “senseless war.”.
President Donald Trump has announced plans to meet with Russia's Vladimir Putin to discuss ending the war in Ukraine.
The Trump administration is looking to provide an additional $20 billion in financing for Argentina.
Dozens of reporters have turned in access badges and exited the Pentagon rather than agree to restrictions on their work.
President Donald Trump has threatened to withdraw assistance from Argentina if its internal politics don't align with his interests in upcoming elections.
Frank Bisignano has been named CEO of the IRS, adding to his role as Social Security Administration Commissioner.
U.S. President Donald Trump says he’ll meet Chinese leader Xi Jinping at a regional summit taking place in October in South Korea and will visit China early next year.
U.S. and European officials have met at the U.S. Treasury Department to discuss economic pressure on Russia, including new sanctions and tariffs on Russian oil.
President Donald Trump says the U.S. will host next year’s Group of 20 summit at his golf club in southern Florida.
European officials, led by EU sanctions envoy David O’Sullivan, plan to visit the U.S. Treasury Department on Monday to discuss economic pressure on Russia, including new sanctions.
The Treasury Department has released a preliminary list of jobs exempt from income tax on tips, including food service, concierge, and salon workers.
U.S. President Donald Trump said he and Russian President Vladimir Putin have not reached a deal to end Russia’s war in Ukraine.
Federal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September.
Less than a week after President Donald Trump called for the resignation of Intel’s CEO, shares of the chipmaker are rising after Trump said he had a “very interesting” meeting with Lip-Bu Tan.
President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation.
President Donald Trump on Thursday imposed once unthinkably high U.S. taxes on imports from dozens of countries, part of his campaign to turn one of the world’s most open economies into a fortress bristling with barriers to trade.
The House Oversight Committee has subpoenaed the Department of Justice for files in the sex trafficking investigation into Jeffrey Epstein, part of a congressional probe that lawmakers believe may show links to President Donald Trump and other former top officials.
President Donald Trump signed an executive order Thursday placing tariffs on many U.S. trade partners — the next step in his trade agenda that will test the global economy and alliances.
The U.S. Treasury Department is imposing sanctions on Brazil’s Supreme Court Justice Alexandre de Moraes.
A new analysis suggests President Donald Trump's tariffs could increase factory costs by 2% to 4.5%.
U.S. and Chinese officials are meeting in Stockholm to discuss trade tariffs and a potential summit between their leaders.
President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States.
U.S. President Donald Trump has announced a flurry of trade deals that will relieve some pressure on companies and consumers from sharply higher tariffs on imports from Japan and a handful of other Asian countries.
The House has passed two bills intended to boost the legitimacy of the cryptocurrency industry with new regulations as President Donald Trump has pushed to make the U_S_ the “crypto capital of the world.”.
The last time President Donald Trump rolled out tariffs this high, financial markets quaked, consumer confidence crashed and his popularity plunged.
The clock is ticking closer to U.S. President Donald Trump’s latest tariff deadline of Aug 1.
U.S. President Donald Trump held a private dinner with Israeli Prime Minister Benjamin Netanyahu as families of hostages held in Gaza push for any ceasefire agreement to include the release of all remaining hostages.
The United States is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline when a tariff pause by President Donald Trump expires.
Elon Musk said he’s carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on social media that he would form the America Party in response to the president’s sweeping tax cuts law.
Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production.
Congressional Republicans have agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill.
President Donald Trump’s tax and budget bill would increase deficits by $2.8 trillion over the next decade after factoring in other economic effects.
Senate Republicans are proposing deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump’s tax breaks more permanent.
Former congressman Billy Long of Missouri has been confirmed to lead the Internal Revenue Service, an agency he once sought to abolish.
The U.S. Treasury Department on Tuesday imposed sanctions on a major Palestinian legal group for prisoners and detainees along with five other charitable entities across the Middle East, Africa and Europe, accusing them of supporting Palestinian armed factions and militant groups, including Hamas’ military wing, under the pretense of humanitarian aid in Gaza.