The report, issued by the Commerce Department on Tuesday, surprised economists who were looking for growth despite mounting concerns about a slowing job growth, uncertainty about President Donald Trump's tariffs and other economic headwinds.
They're called "zombie mortgages" -- debts that homeowners thought were forgiven long ago, only to learn that they still exist and could cost them their homes. Economics correspondent Paul Solman and producer Diane Lincoln Estes report on these back ...
Treasury Secretary Scott Bessent said Thursday it would be "up to the president" to decide whether or not to sue Kevin Warsh, Donald Trump's nominee to lead the Federal Reserve, if he fails to lower interest rates.
"If you don't understand it, that's not your fault. It's just phenomenally complicated," says Winston Berkman-Breen, legal director at Protect Borrowers.
President Donald Trump's administration is expected to unveil its grandest plan yet to rebuild supply chains of critical minerals needed for everything from jet engines to smartphones, likely through purchase agreements with partners on top of ...
The Trump administration plans to deploy nearly $12 billion to create a strategic reserve of rare earth elements, a stockpile that could counter China's ability to use its dominance of these hard to process metals as leverage in trade talks.
President Trump announced Kevin Warsh as his pick to be the next chairman of the Federal Reserve. Warsh was an advisor to George W. Bush and served on the Federal Reserve's Board of Governors from 2006 to 2011. If confirmed, Warsh will succeed ...