Don’t splurge just yet. Rumors spread online Friday that the U.S. government will soon be issuing stimulus checks to taxpayers in certain income brackets. But Congress has not passed legislation to authorize such payments, and, according to the IRS, no new stimulus checks will be distributed in the coming weeks. Here’s a closer look at…
President Trump on Friday said a potential US court ruling denying his authority to impose a wide range of global tariffs could have devastating impacts on the US economy. “If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth…
A Bloomberg News investigation has found that in three major hacks the US Treasury didn’t deploy cybersecurity measures that could have prevented the attacks or flagged the intruders sooner. Our review of previously unreported government documents and interviews with more than a dozen people including current and former Treasury employees, bank executives and cybersecurity experts…
WASHINGTON — President Trump insisted Thursday that a Chinese government spokesman was mistaken in denying trade talks to de-escalate massive tit-for-tat tariffs between the world’s two largest economies. “[China is] saying it’s ‘fake news’ that trade talks are happening,” a reporter prompted Trump at the White House. “Well, they had a meeting this morning,” the…
There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by…
The bedrock of the financial system trembled on Friday, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors’ faith in the pivotal role played by the United States in the financial system. U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the…
For the past week, President Trump has been urging calm in the face of the financial chaos that he created and resisting calls for him to rethink his approach. “I know what the hell I’m doing,” he told Republicans on Tuesday as the massive tariffs he had imposed sent global markets into a tailspin. “BE…
The world’s most widely followed stock-market benchmark slid into a correction on Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration. The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again,…
“He was in turmoil,” his wife, Kelly Johnson, recalled of that night last spring, in an interview conducted last fall. “We assumed we were done. I was saying, ‘Well, it’s been great. It’s been a nice, but short little ride.’ We thought we were going home.” Mr. Johnson spent the night praying in the living…
President Trump and Vice President JD Vance loudly berated President Volodymyr Zelensky of Ukraine on Friday in an explosive televised shouting match unlike any seen in the Oval Office between an American president and foreign leader in modern times. Mr. Trump and Mr. Vance castigated Mr. Zelensky for not being grateful enough for U.S. support…