President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday.

Famously, actor Paul Newman once joked that the epitaph on his tombstone would read: “Here lies Paul Newman, who died a ...

Yet with several recent economic reports showing healthy hiring and some progress on inflation, policymakers have said that ...

The job cuts are likely unrelated to Amazon's plans to shut down Try Before You Buy, previously known as Prime Wardrobe. This service lets consumers order clothing, try it on, and either send it ...

Republicans and Democrats sparred over who would benefit most from extending more than $4 trillion in tax cuts enacted during the first Trump administration. Bessent warned of “devastating ...

The GOP's tax breaks won't pay for themselves, so Republicans are reportedly considering a "menu" filled with regressive and unpopular spending cuts. By Steve Benen A variety of adjectives come to ...

The Tax Cuts and Jobs Act, which rewrote large sections of the tax code, skewed strongly toward the country’s top earners and corporations. And Republican claims that the cuts would ultimately ...

In brief: Microsoft is implementing new job cuts across its business, impacting employees across gaming, experience & devices, sales, and security divisions. The news arrives just a week after ...

“We must make permanent the 2017 Tax Cuts and Jobs Act,” he added when outlining his goals. When asked about whether he would renew Trump’s tax breaks for billionaires and ...

That concern has informed a sharp run-up in bond yields, as investors have pared back expectations of rate cuts in 2025, with some even surmising a hike could be the next move. On the bank ...

The reductions for 2025, though, are intended to avoid any immediate cuts in Hubble’s capability while the senior review is ongoing. “With this approach, we delay any irreversible changes ...