Trump Signals Push for Sharply Lower Interest Rates in Next Fed Chair Pick
U.S. President Donald Trump said on Wednesday that he will soon announce a new chairman of the Federal Reserve who strongly supports cutting interest rates, arguing that significantly lower rates would help reduce mortgage...
Trump Plans Curbs on Defense Contractor Pay, Buybacks Over Cost Overruns
The Trump administration is preparing an executive order that would restrict dividends, share buybacks and executive compensation at defense contractors whose projects run significantly over budget or behind schedule, according to sources familiar with...
Trump Orders Blockade of Sanctioned Oil Tankers to Pressure Venezuela
U.S. President Donald Trump on Tuesday ordered a “total and complete blockade” of all sanctioned oil tankers entering or leaving Venezuela, escalating Washington’s pressure campaign against President Nicolas Maduro’s government and targeting the country’s...
U.S. Justice Department Sues Virgin Islands Police Over Gun Permit Practices
The U.S. Justice Department on Tuesday filed a civil rights lawsuit against the Virgin Islands Police Department, alleging unconstitutional practices that led to the denial and delay of gun permit applications. The suit, brought...
M23 Rebels Pledge Withdrawal from Congo’s Uvira Amid U.S. Pressure
Rwanda-backed M23 rebels have said they will withdraw from the eastern Congolese town of Uvira following criticism from the United States, which warned that the seizure of the border town threatened ongoing peace efforts....
U.S. Job Growth Likely Rebounded in November Despite Weak Hiring Trend
U.S. job growth likely picked up in November after an expected decline in October, though economists say the labor market continues to show signs of gradual weakening. The Labor Department’s Bureau of Labor Statistics...
California Sues Trump Administration Over $33 Million Federal Transport Funding Cut
California has filed a lawsuit against the Trump administration after more than $33 million in federal funding for the state’s commercial vehicle safety programs was withheld over alleged non-compliance with English proficiency requirements for...
Virginia Senators Poised to Block Trump’s Pick for U.S. Attorney Post
Virginia’s Democratic senators, Tim Kaine and Mark Warner, are expected to oppose U.S. President Donald Trump’s nomination of Lindsey Halligan as U.S. attorney for the Eastern District of Virginia, Semafor reported on Friday, citing...
Trump Moves to Block Broadband Funds for States With Strict AI Rules
U.S. President Donald Trump on Thursday announced an executive order that would allow his administration to withhold federal broadband funding from states whose artificial intelligence regulations are deemed to obstruct national AI ambitions. Arguing...
Trump Unveils $12 Billion Aid Package to Support U.S. Farmers Hit by Trade Policies
U.S. President Donald Trump on Monday announced a $12 billion aid package aimed at supporting American farmers struggling with rising costs and lost sales linked to his trade policies. Announced during a White House...