We’ve got some more thoughts on Elon Musk’s $97 billion hostile bid for Sam Altman’s OpenAI, which, we’re told, still hasn’t been delivered to anyone at OpenAI. Assuming an offer does show up, from a legal standpoint it’s actually dead on arrival. That’s because the board of OpenAI has no …
More than 40 lawsuits filed in recent days by state attorneys general, unions and nonprofits seek to erect a bulwark in the federal courts against President Trump’s blitzkrieg of executive actions that have upended much of the federal government and challenged the Constitution’s system of checks and balances. Unlike the …
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 …
If President Trump has his way, the auto industry’s transition to electric vehicles will soon slam into reverse. He will erase tax credits for electric vehicle purchases, federal grants for chargers, and subsidies and loans to help retool assembly lines and build battery factories. Executive orders issued by Mr. Trump …
Scott Bessent, President-elect Donald J. Trump’s pick for Treasury secretary, faced questions from lawmakers on Thursday about how he would manage a department at the center of the Trump administration’s tax, trade and sanctions policies, along with handling the nation’s debt load. Mr. Bessent, a billionaire hedge fund manager with …
A test for Trump’s cabinet pick For businesses and markets, perhaps the most important of the hearings for the incoming Trump administration’s Cabinet picks starts on Thursday at 10:30 a.m. Eastern. Scott Bessent, President-elect Donald Trump’s choice for Treasury secretary, will likely be confirmed by the Senate. But the billionaire …
Executive branch budget proposals are gathered into a single push from the White House for its spending priorities, with more detail about how exactly the agencies want to spend the funds they’re requesting. Then Congress gets its turn, sometimes embracing some of the president’s wishes, and sometimes ignoring them. But …