Senate to vote on Trump funding cuts
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19hon MSN
The White House is exploring every avenue of executive power to get what President Trump wants from the Federal Reserve: lower interest rates.
More than $6 billion in school funds are held up nationwide, leaving superintendents in a budget bind. The lack of clarity follows a broader pattern in which the White House has provided less detail on how it plans to spend taxpayer dollars,
19hon MSN
Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration.
4don MSN
Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.
President Donald Trump's administration is withholding more than $6 billion in education funding nationwide. New Jersey and other states also joined the lawsuit challenging the funding cuts.
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Trump Office of Management and Budget director addresses whether the 'big, beautiful bill' raises the nation's deficitOffice of Management and Budget director Russ Vought addresses 'big, beautiful bill' critics' concerns about raising the national deficit on 'The Story.'
The Senate is considering the administration’s $9.4 billion rescissions request to cancel unneeded appropriations, which would reduce spending by around $100 billion over the next decade.
President Trump has not talked about eliminating FEMA as the emergency response agency helps with recovery efforts from the Texas floods.
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington,
In an interview with ABC News, Kevin Hassett was also pressed about the president's decision to hit imports from Brazil with steep tariffs.