Trump administration plans to vet all 55M foreigners with U.S. visas
“Continuous vetting” by the State Department marks a significant expansion of ongoing efforts to clamp down on alleged abuses in the legal immigration system.
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Trump administration vying to own 10% stake in Intel after SoftBank’s $2B bet
The unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers.
Indiana stood to get $130M for solar projects. The EPA canceled the program.
Nonprofit organizations in Indiana have spent two years preparing and were about to start putting up panels when EPA Administrator Lee Zeldin announced via social media that the program is being shut down.
US producer prices surge in July as Trump tariffs push costs higher
U.S. wholesale inflation surged unexpectedly last month, signaling that the president’s sweeping import taxes are pushing costs up and that higher prices for consumers may be on the way.
Indiana House Democrats assemble with Texas colleagues against partisan gerrymandering efforts
The groups met on the same day national nonpartisan election advocates softened their uniform opposition to gerrymandering, saying they recognized the “wide-reaching crisis in our democracy.”
Social Security’s 90th anniversary marked by funding threats, privatization talk
Trump and other Republicans have said they will not cut Social Security benefits, yet the program remains far from the sound economic system that FDR envisioned 90 years ago.
Appeals court says Trump officials can withhold billions in foreign aid
The panel majority, which included judges appointed by Republicans George H.W. Bush and Donald Trump, found international aid groups did not have standing to bring a lawsuit.
Trump’s nominee to oversee jobs and inflation data faces shower of criticism
E.J. Antoni’s selection threatens to bring a new level of politicization to what has long been a nonpartisan agency widely accepted as a producer of reliable measures of the nation’s economic health
US national debt reaches a record $37 trillion, the Treasury Department reports
The national debt eclipsed $37 trillion years sooner than pre-pandemic projections.
US July budget deficit up 20% year-over-year despite record Trump tariff income
As President Donald Trump talks about America becoming rich because of his import tax hikes, federal spending keeps outpacing the revenues collected by the government.
Trump nominates conservative economist to head agency that compiles jobs, inflation data
Trump fired the former Bureau of Labor Statistics chief on Aug. 1 after the July jobs report showed hiring slowed sharply this spring, with job gains in May and June revised much lower than initially estimated.
Trump opens the door for private equity, crypto as 401(k) retirement plan options
Millions of Americans saving for retirement could have the option of putting their money in higher-risk investments, according to an executive order signed Thursday by President Donald Trump.
EPA cancels $7B Biden-era grant program to boost solar energy
Only $53 million of the $7 billion awarded has been spent, according to a tally by the research firm Atlas Public Policy. Several grant recipients this week said their programs were in planning phases.
VP Vance meets with Indiana GOP leadership on redistricting while Democrats protest effort
Vice President JD Vance spent several hours in the Hoosier State on Thursday to meet with Indiana Gov. Mike Braun and other leaders about the possibility of creating more GOP seats with redrawn congressional boundaries.
RFK Jr. yanks $500M in funding for mRNA vaccine development
Health Secretary Robert F. Kennedy Jr. announced Tuesday that 22 projects, totaling $500 million, to develop vaccines using mRNA technology will be halted.
JD Vance heads to Indiana to push redistricting, but legalities remain unclear
An Indiana House Democrat called defeating mid-cycle redistricting “a knife fight for democracy.”
Labor statistics agency aims to calm furor after Trump fires commissioner
Erika McEntarfer’s removal has stirred concerns on Wall Street, where analysts and economists warned that such an abrupt shake-up could jeopardize the integrity of the nation’s economic data.
Trump fires labor statistics chief after large revision to jobs report
Revisions to job reports are common, but Trump claimed the changes were “rigged” to make him look bad. The episode underscores questions about the independence and stability of the federal agencies tasked with reporting the nation’s most critical economic data.
Corporation for Public Broadcasting announces shutdown following funding loss
President Donald Trump launched a successful campaign to claw back the $1.1 billion allocated for the organization for the next two years, a measure he signed into law last month.
Trump calls on the Federal Reserve board to take full control of central bank from Powell
Fed Chair Jerome Powell has held the benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact President Trump’s massive tariffs had on inflation.