Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcement regarding President Trump's Federal Reserve chair selection would likely come in early January, with "one or two more Fed interviews" possibly taking place this week. When discussing potential candidates, Bessent noted that both Kevin Warsh and Kevin Hassett are "very very qualified" for the position. He rejected suggestions that Hassett would lack agency at the Federal Reserve, while...
The US government is scheduled to reopen on Thursday (November 13) after the longest shutdown in US history that disrupted air traffic, cut food aid to low-income Americans, and forced more than 1 million workers without pay for more than a month. However, the deep political divisions that led to the 43-day shutdown remain unresolved. The funding package contains few restrictions to restrain Republican President Donald Trump from withholding spending, in an administration that regularly challenges Congress's constitutional authority on finances. And it does not address the impending...
The House of Representatives will attempt to end the longest government shutdown in US history on Wednesday, voting on a stopgap funding package to restart disrupted food aid, pay hundreds of thousands of federal workers, and restart the crippled air traffic control system. Republicans currently hold a slim 219-213 majority in the House. However, President Donald Trump's support for the bill is expected to keep his party united in the face of stiff opposition from House Democrats, angered that a prolonged stalemate waged by their colleagues in the Senate failed to secure a deal to extend...
Even as a U.S.–China trade truce appears to be holding, analysts caution that the détente remains fragile in a rivalry increasingly defined by strategic competition. A flurry of decisions, outlined in the sweeping trade deal struck by U.S. President Donald Trump with Chinese leader Xi Jinping last month, took effect on Monday, with rollbacks of steep tariffs and export controls. The U.S. halved fentanyl-linked tariffs on imports from China to 10% and extended for a year a truce that lowered the reciprocal tariff rate from 34% to 10%. In return, China's Ministry of Commerce rolled back...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could end the longest US government shutdown in history. With more than 1,000 flights canceled on Tuesday due to the shutdown, lawmakers, including Republicans Rick Crawford of Arkansas and Trent Kelly of Mississippi, said they would drive to the Capitol, while Representative Derrick Van Orden said he would drive 16 hours from Wisconsin on his motorcycle. "It's going to be a little cold, but I'm going to do my job," the Republican said in a video...
The longest government shutdown in U.S. history could end this week after a compromise that would restore federal funding cleared an initial Senate hurdle late on Sunday, though it was unclear when Congress would give its final approval. The deal would restore funding for federal agencies that lawmakers allowed to expire on October 1, bringing welcome relief to low-income families that have seen food subsidies disrupted, hundreds of thousands of federal workers who have gone unpaid for more than a month and travelers who have faced thousands of canceled flights. It would extend funding...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...