Breaking News: Economy

Investigation Dropped!’ DOJ Shuts Down Probe Into Fed Chair Jerome Powell – Major Hurdle Lifted for Kevin Warsh to Become Next Federal Reserve Chair

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Investigation Dropped!’ Doj Shuts Down Probe Into Fed Chair Jerome Powell – Major Hurdle Lifted For Kevin Warsh To Become Next Federal Reserve Chair

DOJ drops Powell investigation, Kevin Warsh Fed affirmation, Fed Chair Powell probe ended, Warsh nomination hurdle lifted, and Trump Fed nominee 2026 are dominating monetary headlines at the moment after the U.S. Division of Justice formally introduced it’s dropping its legal investigation into sitting Federal Reserve Chair Jerome Powell. The shock transfer, revealed Friday morning, … Read more

Fed officials still foresee rate cut this year, despite war impacts, minutes show

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Fed Officials Still Foresee Rate Cut This Year, Despite War Impacts, Minutes Show

Fed Minutes Reveal Debate: Iran War Could Force Rate Cuts — or Rate Hikes Federal Reserve officials at their March meeting still expected to lower interest rates this year despite “high uncertainty” from the Iran war and tariffs — but the minutes reveal a central bank deeply divided, with some policymakers warning that surging energy … Read more

Inflation rate hit 3%, lower than expected

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Inflation Rate Hit 3%, Lower Than Expected

Inflation Rate Update Bot Inflation Rate Update Bot Headline CPI (YoY): 3.0% Core CPI (YoY): 3.2% Monthly CPI: +0.3% Status: Below Expectations (3.1%) Last Updated: October 24, 2025, 07:33 PM IST Refresh Data US Inflation Hits 3% in September 2025, Below Expectations The US Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) … Read more

Divided FOMC saw another two rate cuts by the end of 2025

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Divided Fomc Saw Another Two Rate Cuts By The End Of 2025

Fractured Fed Holds Firm, Projects Just Two Rate Cuts Through 2025 Amid Inflation Battle In a high-stakes decision that underscores a deeply split Federal Reserve, policymakers have charted a cautious path forward, signaling just two interest rate cuts are likely by the end of 2025. This latest FOMC rate projection reveals a divided FOMC grappling … Read more

Senate Set for Crucial Shutdown Deadline Vote on $1.2 Trillion Government Funding Bill

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Senate Set For Crucial Shutdown Deadline Vote On .2 Trillion Government Funding Bill

The U.S. Senate is racing against a critical shutdown deadline to hold a final vote on a massive $1.2 trillion government funding bill, a high-stakes move that will determine federal operations for the remainder of the fiscal year. This pivotal spending package vote comes after the House of Representatives passed the legislation with bipartisan support, … Read more

Bessent to remain IRS commissioner for Trump

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Bessent To Remain Irs Commissioner For Trump

Breaking: Scott Bessent to Remain IRS Commissioner Under Trump – Taxpayers Brace for Changes In a surprise move that’s sending ripples through Washington, Treasury Secretary Scott Bessent will keep his grip on the IRS as commissioner, even as the Trump administration rolls out a new CEO to handle daily operations. This dual-role decision could reshape … Read more

Democrats set to meet Trump on government shutdown

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Democrats Set To Meet Trump On Government Shutdown

White House Showdown: Trump Meets Congressional Leaders to Avert Government Shutdown On September 29, 2025, President Donald Trump hosted top congressional leaders at the White House in a high-stakes, last-ditch effort to prevent a partial government shutdown set to begin at midnight on September 30. The bipartisan meeting included Senate Majority Leader John Thune (R-SD), … Read more

DeepSeek OpenAI tops 400 million users despite

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DeepSeek OpenAI tops seems to be rising rapidly regardless of rising competitors. DeepSeek OpenAI – The San Francisco-based tech firm had 400 million weekly energetic customers as of February, up 33% from 300 million in December, the corporate’s chief working officer, Brad Lightcap, instructed CNBC. These numbers haven’t been beforehand reported. Lightcap pointed to the … Read more

Judge Rejects Trump’s Latest Bid to Dismiss Central Park Five Defamation Lawsuit

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Judge Rejects Trump’s Latest Bid To Dismiss Central Park Five Defamation Lawsuit

On June 27, 2025, U.S. District Judge Wendy Beetlestone in Philadelphia rejected President Donald Trump’s motion to dismiss a defamation lawsuit filed by the Exonerated Five, formerly known as the Central Park Five, marking another setback for Trump’s legal efforts. The lawsuit, filed by Yusef Salaam, Raymond Santana, Kevin Richardson, Antron McCray, and Korey Wise, … Read more

Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation

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Lisa Cook’S Lawsuit Against Trump Skirts Mortgage Fraud Allegation

Lisa Cook’s Lawsuit Against Trump Skirts Mortgage Fraud Allegation Federal Reserve Governor Lisa D. Cook, the first Black woman to serve on the Fed’s Board of Governors, is preparing to file a lawsuit challenging President Donald Trump’s August 25, 2025, attempt to remove her from her position, citing unproven allegations of mortgage fraud. The lawsuit, … Read more