President Trump asked Republican lawmakers how they felt about firing Fed Chairman Jerome Powell and they expressed approval for the firing, people familiar with the discussion said.
Two months after attempting to fire three Corporation for Public Broadcasting board members, the Trump administration is suing to finally get them ousted.
Summer vacation spending is expected to drop by 25 percent this year as Americans cut back on travel plans because of economic uncertainty and rising inflation.
The Labor Department's consumer price index for June showed overall inflation rose 2.7 percent from June 2024. That's up from a 2.4 percent pace in May.
The idea has generated buzz since Zohran Mamdani won the New York City Democratic mayoral primary, but there are few successful examples to draw from, experts say.
The Trump administration is pushing the Pentagon, IRS and other federal agencies to rapidly adopt AI tools to improve efficiency, an idea championed by Elon Musk.
Growth was supported by a surge of exports from Chinese manufacturers, as customers and producers alike took advantage of the U.S.-China trade war ceasefire.