President Donald Trump is sending mixed messages about the U.S. war with Iran, and that's raising even more questions about the direction of the conflict and his administration's strategy.

Another climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.

About 90 ships including oil tankers have crossed the Strait of Hormuz since the beginning of the war with Iran.

China says U.

President Donald Trump relied on his gut and largely side-stepped diplomatic coordination as he made the decision to launch strikes on Iran with Israel.

China's official news agency Xinhua reports that representatives from Beijing and Washington have begun their economic and trade talks in Paris.

The U.S. is temporarily easing part of its sanctions measures on Russian oil, a reflection of global worries about sharply higher oil prices due to the Iran war.

The Trump administration is scrambling to replace the revenue the federal government lost when the Supreme Court struck down his biggest and boldest tariffs last month.

Treasury Secretary Scott Bessent will meet Chinese Vice Premier He Lifeng in Paris for trade talks that set the stage for President Donald Trump’s visit to Beijing.

President Donald Trump says it's inconsequential if Russia has provided Iran with information to help Tehran target U.S. military personnel and assets in the Middle East.

Israel is renewing its assault on southern Lebanon, including targeting commanders of the Lebanese branch of Iran’s Revolutionary Guards’ Quds Force in Beirut.

The U.S. Treasury Department’s decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow's fortunes against the backdrop of the Iran war as Russia's oil export earnings help pay for its own war against Ukraine.

Some two dozen states are challenging President Donald Trump’s new global tariffs in court.

IRS chief Frank Bisignano has largely declined to answer questions from lawmakers about unlawful releases of taxpayer data to immigration agents.

President Donald Trump is threatening to cut off trade with Spain.

A federal judge said that the IRS broke the law by illegally sharing thousands of taxpayers’ addresses with Immigration and Customs Enforcement.

The U.S. Treasury is moving to cut a small Swiss bank off from the U.S. financial system over alleged illicit ties to Iran and Russia.

The Trump administration is expanding its pressure on Iran by imposing new sanctions aimed at the country's missile, drone and oil networks.

A federal appeals court is allowing the IRS to keep sharing some taxpayer data with U.S. Immigration and Customs Enforcement.

The Supreme Court’s stunning rebuke of President Donald Trump’s most sweeping tariffs means he can’t conjure up new import taxes on a whim anymore.

Senate Democrats are unveiling a bill to have the government refund about $175 billion in Trump-era tariff money after the Supreme Court ruled that President Donald Trump's emergency tariffs were illegal.

China has urged the United States to stop imposing one-sided tariffs.

President Donald Trump is dealing with a major legal defeat Friday after the Supreme Court struck down many of the tariffs he imposed last year on nearly every country on earth.

Argentina’s President Javier Milei deepens ties with U.S. President Donald Trump while trying to avoid a break with China, Argentina’s top trading partner.

The IRS has erroneously shared the taxpayer information of thousands of people with the Department of Homeland Security, according to a new court filing.

Argentina and the United States have reached an expansive trade deal, a win for Argentine President Javier Milei as he moves to open up the South American nation’s notoriously protectionist economy and a reflection of the close alliance between the radical libertarian and U.S. President Donald Trump.

Treasury Secretary Scott Bessent says it would be up to the president to decide whether to sue Kevin Warsh, Donald Trump's nominee for Federal Reserve chair, if he doesn't lower interest rates.

A hearing with Treasury Secretary Scott Bessent turned chaotic Wednesday as Democratic lawmakers clashed with him over fiscal policy and Trump family conflicts.

President Donald Trump says he's instructed Homeland Security Secretary Kristi Noem not to intervene in protests in Democratic-led cities unless local authorities request federal help.

The Trump administration has imposed sanctions against Iran’s interior minister, accusing Eskandar Momeni of repressing nationwide protests that have challenged Tehran’s theocratic government.

President Donald Trump said he plans to announce his choice for Federal Reserve chairman on Friday morning.

A day of dramatic swings on Wall Street, including Microsoft's worst drop in nearly six years, finished with only relatively modest moves.

Treasury Secretary Scott Bessent has a warning for Canadian Prime Minister Mark Carney: Your comments against U.S. trade policy could backfire, especially at a time when the U.S.-Mexico-Canada Agreement is facing a formal review.

Claiming to give every child “a shot at financial freedom,” President Donald Trump is unveiling the new Trump Accounts initiative, which gives $1,000 to every newborn if their parents open an account.

The national taxpayer advocate says the 2026 tax filing season is likely to face significant challenges due to IRS workforce reductions and complex tax law changes.

When the Supreme Court granted an unusually quick hearing over President Donald Trump’s tariffs, a similarly fast resolution seemed possible.

The U.S. Treasury Department has cut contracts with Booz Allen Hamilton after a former contractor leaked tax information about wealthy individuals, including Donald Trump.

Canadian Prime Minister Mark Carney says his country has no intention of pursuing a free trade deal with China.

A growing number of Republicans are pressing for a deeper investigation into federal immigration tactics after a U.S. Border Patrol agent fatally shot a man in Minneapolis.

The United States has imposed sanctions on a fleet of nine ships accused of transporting hundreds of millions of dollars in forbidden Iranian oil to foreign markets.

The U.S. has imposed sanctions on five Costa Ricans and five Costa Rican entities for allegedly transporting cocaine from Colombia.

The head of the IRS is announcing a shake-up he says will improve taxpayer service and modernize the agency.

The Trump administration says China has fulfilled its initial commitment to buy 12 million metric tons of soybeans, but it’s not clear if the trade agreement announced in October can withstand President Donald Trump’s ever-shifting trade policy as American farmers are still dealing with high production costs.

President Donald Trump meandered through a list of his administration’s accomplishments while speaking at a White House press briefing Tuesday.

President Donald Trump's push to control Greenland has sparked major tensions with Europe.

Nearly 3,000 high-level participants from business, government and beyond plus untold numbers of activists, journalists and observers are converging on the Swiss town of Davos for the World Economic Forum’s annual meeting.

The Justice Department’s investigation into Federal Reserve Chair Jerome Powell has brought heightened attention to a key drama that will play out at the central bank in the coming months: Will Powell leave the Fed when his term as chair ends, or will he take the unusual step of remaining a governor.

The U.S. is imposing new sanctions on Iranian officials accused of repressing protests against Iran’s theocratic government.

A bipartisan group of lawmakers has proposed creating a new agency with $2.5 billion to boost production of rare earths and the other critical minerals.

President Donald Trump's administration has made good on its pledge to label three Middle Eastern branches of the Muslim Brotherhood as terrorist organizations, imposing sanctions on them.

President Donald Trump is defending his tariffs, using a major economic speech in Michigan to argue that they boost domestic manufacturing despite many Americans fears about rising prices.

Treasury Secretary Scott Bessent says his agency is taking a closer look at financial transactions between Minnesotan residents and businesses and Somalia.

The IRS will start accepting 2025 tax returns on Jan. 26, marking the official start of the 2026 tax filing season.

The Organization for Economic Cooperation and Development has finalized a deal exempting U.S. multinational corporations from paying more corporate taxes overseas.

The U.S. has imposed sanctions on four firms in Venezuela's oil sector and designated four additional oil tankers as blocked property.

President Donald Trump made a lot of tariff threats and trade promises this year.

Lawmakers across the U.S. will be debating whether to adopt new federal tax breaks for tips, overtime and business expenses.

The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday in part of what Secretary Scott Bessent called a “50 State Challenge” to raise funds for the Trump Accounts program.

The Treasury Department is targeting businesses used to send money abroad as President Donald Trump's administration ramps up investigations into fraud within Minnesota's Somali community.

U.S. Treasury Secretary Scott Bessent is proposing changes to the Financial Stability Oversight Council.

Treasury Secretary Scott Bessent says he has divested from his North Dakota soybean farmland.

Democratic governors who met over the weekend in Arizona say the party must focus on affordability in next year's midterm elections.

The U.S. has imposed sanctions on alleged affiliates of the Tren de Aragua gang.

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.

President Donald Trump's latest Cabinet meeting lasted over two hours.

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 United States, Britain and Australia have announced sanctions against a Russia-based web hosting service for allegedly running ransomware operations.

A new analysis of consumer data shows that more people in the United States are falling behind on their utility bills.

The Trump administration has announced trade frameworks with Argentina, Ecuador, El Salvador, and Guatemala.

The U.S. has ended production of the penny.

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.

Expect to hear President Donald Trump talk a lot about affordability in coming months.

The Trump administration has decided not to offer the IRS' electronic tax filing system for free next year, and its future is unclear.

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 it's booming — despite what he says.

The U.S. Supreme Court has heard arguments over President Donald Trump's tariffs, a key part of his economic and foreign policy.

President Donald Trump’s administration is under court orders to keep the nation's largest food program running.

Treasury Secretary Scott Bessent says he plans to take a “ringside seat” at the U.S. Supreme Court on Wednesday.

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.

The government shutdown is taking a toll on military families as they live without the guarantee of a paycheck.

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.

China's Commerce Ministry says Beijing will work with the Trump administration to resolve issues related to TokTok's ownership.

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.

The United States and South Korea have advanced their trade talks during President Donald Trump's visit to that country.

Lukoil is selling its international assets in response to U.S. sanctions.

The United States and China are not going to resolve all the issues that divide them before presidents Donald Trump and Xi Jinping meet Thursday in Busan, South Korea.

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.

U.S. President Donald Trump is meeting with Japan's newly elected, ultraconservative leader in Tokyo.

The Trump administration has imposed sanctions on Colombian President Gustavo Petro, his family, and a government member over drug trade allegations.