Beth Crowell was proud to work for the Internal Revenue Service. She had spent much of her career as an accountant for large corporations, gaining intimate knowledge about how they do — and sometimes don’t — pay the taxes they owe. Working for the I.R.S. in Colorado, she hoped to …
Meltdown The markets have spoken. The S&P 500 is on track for its worst weekly loss since the collapse of the Silicon Valley Bank crisis two years ago. And investors have wiped out post-Election Day gains as President Trump’s dizzying start-stop tariff policy fuels volatility on trading floors and in …
The United States economy is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities. Funding freezes and firings of federal workers combined with the …
Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats against allies and foes alike, and haggling over how to get a Republican budget through a narrowly divided Congress. Business leaders and corporate investors are confident that things will turn …
Watch out for interest rates. Not the short-term rates controlled by the Federal Reserve. Barring an unforeseen financial crisis, they’re not going anywhere, especially not after the jump in inflation reported by the government on Wednesday. Instead, pay attention to the 10-year Treasury yield, which has been bouncing around since …
The great collision has begun. As President Trump’s national security team arrived in Europe this week, very little about their hard-line message came as a surprise. But to the political and diplomatic leaders arriving in Munich on Friday for an annual security conference where fault lines in the Western alliance …
President Trump’s executive order freezing most U.S. foreign aid for 90 days has thrown into turmoil programs that fight starvation and deadly diseases, run clinical trials and seek to provide shelter for millions of displaced people across the globe. The U.S. Agency for International Development, or U.S.A.I.D., is the main …
President Trump’s executive order freezing most U.S. foreign aid for 90 days has thrown into turmoil programs that fight starvation and deadly diseases, run clinical trials and seek to provide shelter for millions of displaced people across the globe. The U.S. Agency for International Development, or U.S.A.I.D., is the main …
Fannie Mae and Freddie Mac, two giant mortgage finance firms, have been controlled by the federal government for nearly 17 years, but a long-dormant idea of making them private businesses is starting to make the rounds in Washington again. Scott Turner, the secretary of Housing and Urban Development, said in …
The first weeks of President Trump’s second term have been dominated by a blizzard of executive orders aimed at reversing diversity policies, trade wars with major American trading partners and intrigue over the most important federal office that most Americans have never heard of in the Bureau of the Fiscal …
