Federal Reserve Chair Jerome Powell was expected to be grilled by U.S. lawmakers Tuesday about when the central bank will resume its interest rate cutting campaign after pausing last month amid ...

The next stage of the Trump administration’s efforts to slash the federal workforce is underway. Agency leaders have been told to begin preparations for large-scale layoffs, known as reductions ...

U.S. stocks closed barely mixed after Federal Reserve Chairman Jerome Powell offered almost nothing new in his testimony before the Senate Banking Committtee. In his first Congressional appearance ...

A federal judge declined to further pause a federal government buyout program, enabling the government to forge ahead with its “Fork in the Road” program. U.S. District Judge George O’Toole ...

A hotter-than-expected inflation report from January and uncertainty over the impact of President Donald Trump's tariff plans on consumer prices could factor into the Federal Reserve's rate-cut ...

America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the ...

A federal judge in Rhode Island ordered the Trump administration to comply with his order to unfreeze federal grants, after attorneys general for several Democratic states claimed the directive ...

One judge halted the administration’s ill-conceived freeze of federal funding. Another put a stop to the Musk team’s smash-and-grab acquisition of federal payment systems and personnel files.

President Donald Trump "100 percent" disagrees with a federal judge's ruling on Saturday that bars the Department of Government Efficiency from accessing the Treasury Department, he said during an ...

Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the impact of a potential trade war. © FT ...

Musk’s DOGE team already has gained access to a database housing personal information on millions of students and parents with federal student loans, according to two people with knowledge of ...

The Trump administration is appealing a federal judge's order to unfreeze federal funding in the United States Court of Appeals for the First Circuit. The motion comes hours after a federal judge ...