US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a...
Musk eyes Social Security and benefit programs for cuts while claiming widespread fraud
Elon Musk pushed debunked theories about Social Security on Monday while describing federal benefit programs as rife with fraud, suggesting they will be a primary target in his...
Dow plunges more than 1,000 points, Nasdaq craters as recession fears batter stocks
U.S. stocks cratered Monday amid growing U.S. economic concerns and after President Trump declined to rule out a recession that investors worry could be triggered...
Unions ask court to stop DOGE from accessing Social Security data of millions of Americans
A group of labor unions are asking a federal court for an emergency order to stop Elon Musk ‘s Department of Government Efficiency from accessing the sensitive Social...
The IRS is drafting plans to cut as much as half of its 90,000-person workforce, AP sources say
The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to...
Trump’s trade war draws swift retaliation with new tariffs from Mexico, Canada and China
President Donald Trump launched a trade war Tuesday against America’s three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as...
Trump’s tariffs on Canada, Mexico and China could push up car prices by as much as $12,200
President Trump's tariffs on three key U.S. trade partners, which are set to go into effect Tuesday, could drive up automobile costs for U.S. consumers by thousands of dollars...
UK PM Starmer says he does not accept that US is an unreliable ally
British Prime Minister Keir Starmer on Sunday said he did not accept that the United States under President Donald Trump was an unreliable ally. On...
Trump-Zelenskiy clash divides US Republicans, dims aid prospects
An angry White House clash between Ukrainian President Volodymyr Zelenskiy and Donald Trump divided the U.S. president's fellow Republicans and dimmed prospects that Congress will approve any...