Treasury Secretary Scott Bessent hit out at the nation’s and apparel sector for questioning the administration’s trade strategy and its impact on business. During a segment on CNBC on Thursday, Bessent, in an attempt to defend the recent trade deal with Vietnam that will result in a new, 20-percent duty rate, said that U.S. businesses…
A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade. The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called “Liberation…
The Environmental Protection Agency has placed 139 employees on leave after they signed a letter criticizing the Trump administration’s environmental policies. The letter, titled a “Declaration of Dissent,” accuses the Trump administration of undermining the EPA’s mission of protecting the environment by promoting “harmful deregulation” and showing”disregard for scientific expertise.” The document, which was released…
Relieved investors have fueled a record-breaking rally for the S&P 500 and are betting on further gains. They could be left disappointed, veteran market watchers say. The benchmark US stock index plunged nearly 19% to below 5,000 points between February 19 and April 8 as President Donald Trump‘s tariff threats stoked fears of a trade…
Republican Representative Keith Self of Texas ripped a procedural vote taking place on the much-debated financial package dubbed the “big, beautiful bill” by President Donald Trump Wednesday night, saying he’s a “no,” as more talks are vital. Newsweek reached out to House Speaker Mike Johnson‘s office via email for comment. Why It Matters The attempted…
State Department spokeswoman Tammy Bruce said Wednesday that Iran “must cooperate fully, without further delay” after President Masoud Pezeshkian signed a law suspending his country’s cooperation with the International Atomic Energy Agency (IAEA). Iran’s parliament had voted to suspend cooperation previously. Secretary of State Marco Rubio, left, and Defense Secretary Pete Hegseth attend an event…
The federal government looks like it is taking a page out of Silicon Valley’s playbook. The US Office of Personnel Management issued a memo on June 17 announcing sweeping reforms to performance management in the federal government. And the move to cut low performers looks a lot like what’s been happening at major tech companies. The…
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. central bank has held off on lowering interest rates this year because of President Trump’s tariffs. Speaking at a gathering of central bankers in Portugal, Powell said “I think that’s right” in response to a moderator’s question about whether the Fed would have cut its…
The Senate bill containing President Trump’s domestic policy agenda at the last minute eliminated a new excise tax that would have hammered the renewable energy industry, a move that likely ensured Republican Sen. Lisa Murkowski of Alaska would back the measure. The excise tax would have been imposed on wind and solar energy projects constructed…
“Vote-a-rama” on Trump bill: What we know Everything we know about the Senate “vote-a-rama” on Trump’s “big, beautiful bill” 12:44 Tesla shares fell Tuesday following a renewed spat between Tesla CEO Elon Musk and President Trump over the massive spending bill currently up for a final vote in the Senate. The electric vehicle company’s stock price tumbled…