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 agreed to remove the so-called revenge tax provision from President Donald Trump’s big bill Thursday after Treasury Secretary Scott Bessent asked members of Congress to do so earlier in the day.
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.
Chinese state media say that the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month.
The U.S. imposed sanctions on the two fugitive sons of incarcerated Mexican Sinaloa Cartel leader Joaquin “El Chapo” Guzman and announced a reward offer of up to $10 million each for information leading to the arrest or conviction of the sons.
High-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy.
Senior U.S. administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday.
When he first ran for office, Donald Trump seemed like he could be a new kind of Republican when it came to LGBTQ+ rights.
The U.S. declined to label China a currency manipulator in a new Treasury report, but accuses Beijing of standing out among America’s major trading partners for lacking transparency.
President Donald Trump says his first conversation with Chinese leader Xi Jinping since returning to the White House had a “very positive conclusion," announcing the two countries will hold trade talks in hopes of breaking an impasse over tariffs and global supplies of rare earth minerals.
President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.
The nation's public television service, PBS, has filed suit against President Donald Trump's executive order that it be stripped of federal funding.
President Donald Trump said Friday that he will no longer be “Mr. NICE GUY” with China on trade, declaring in a social media post that the country had broken an agreement with the United States.
President Donald Trump’s big plans on trade, deportations and more are running up against the laws of political gravity and the separation of powers.
The United States has imposed sanctions on two members of the Mexican drug trafficking organization Cartel del Noreste, the Northeast Cartel, which was formerly known as Los Zetas.
Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.
While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach.
President Donald Trump has signed an executive order meant to try to lower drug costs for American consumers.
U.S. and Chinese officials say they have reached a deal to roll back most of their recent tariffs and call a 90 day pause so they can keep talking to resolve their trade disputes.
U.S. stocks rallied after China and the United States announced a 90-day truce in their trade war.
The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following President Donald Trump imposing steep tariffs and Beijing retaliating.
Before high-level U.S. and Chinese officials hold talks in Switzerland this weekend to discuss high tariffs, Washington and Beijing have been in a rhetorical duel over which side reached out first.
U.S. stocks drifted to a mixed finish as Wall Street and other financial markets wait for a highly anticipated meeting on Saturday between China and the United States on trade.
China's exports to the United States have tumbled while its trade with other economies surged in April.
The more President Donald Trump talks about his efforts to reach deals with America’s trading partners, the more confusing the tariff picture gets.
A federal judge has found the Trump administration can’t deport migrants to Libya unless they have a meaningful chance to challenge their removal in court.
China has rolled out a barrage of measures meant to counter the blow to its economy from U.S. President Donald Trump's trade war.
Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland.
The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.
U.S. President Donald Trump and Canadian Prime Minister Mark Carney faced off in the Oval Office on Tuesday and showed no signs of retreating from their gaping differences in an ongoing trade war that has shattered decades of trust between the two countries.
The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs.
The Trump administration has imposed economic sanctions on three Mexican nationals and two Mexico-based entities involved in a drug trafficking and fuel theft network that's linked to Mexico’s Jalisco New Generation Cartel.
After months of tense negotiations, the U.S. and Ukraine have signed a deal that is expected to give Washington access to the country’s critical minerals and other natural resources.
U.S. stocks bounced back from steep early losses to end mixed, continuing their wild swings amid uncertainty about what President Donald Trump’s trade war will do to the economy.
American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next.
The White House says President Donald Trump will sign executive orders Tuesday to relax some of his 25% tariffs on automobiles and auto parts.
White House Press Secretary Karoline Leavitt will hold a press briefing with Treasury Secretary Scott Bessent Tuesday morning. The White House says ‘unleashing economic greatness’.
For President Donald Trump's administration, the numbers on executive orders, deportations, reductions in the federal workforce and tariffs in his first 100 days back in the White House point toward a renewed America.
U.S. stocks rose again as stronger-than-expected profits keep piling higher for companies, though CEOs say they’re unsure how long that can last due to uncertainty around President Donald Trump’s trade war.
The Kremlin has declared a 72-hour ceasefire in Ukraine next week as Russia marks Victory Day in World War II.
China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports.
U.S. stocks drifted to a mixed, quiet finish ahead of a week with several potential flashpoints that could bring more sharp swings for financial markets.
As President Donald Trump's trade war has injected turmoil in financial markets, many retired and near-retired Americans are anxiously looking on, worried about outliving their savings or having to put off entries on their bucket lists.
Three House Republicans from Florida with Cuban roots are carefully navigating President Donald Trump’s immigration policies.
The Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal in the wake of sweeping U.S. tariffs on dozens of countries that have shaken global markets.
The head of the International Monetary Fund urged countries to move “swiftly’’ to resolve trade disputes that threaten global economic growth.
An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering.
U.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
Treasury Secretary Scott Bessent has played a balancing act trying to reassure nervous investors that the U.S. would maintain its global leadership role while staying true to the Trump administration’s skepticism of multilateral banking organizations.
Boeing CEO Kelly Ortberg says he doesn’t expect the U.S. trade war with China to get in the way of its its financial recovery and aircraft delivery targets even though Chinese airlines are refusing to accept the company’s planes.
Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest results and try to give investors financial forecasts.
US stocks are leaping amid a worldwide rally after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and his Treasury Secretary Scott Bessent said he expects a “de-escalation” in what he called an unsustainable tariffs showdown against China.
U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.
An IRS agent who testified publicly about investigations into Hunter Biden's taxes and was promoted to be acting IRS commissioner is out of the job just days after he got it.
