Policy

Bessent Suggests US Already in Housing Recession, Calls for Lower Interest Rates

U.S. housing and the broader economy may already be in recession, says Treasury Secretary Bessent, urging the Fed to start cutting interest rates.

Trump Says He Won’t Let Nvidia Sell Advanced Chips to China, Other Countries

President Trump said he would not let China purchase Nvidia’s flagship Blackwell chips in an interview with CBS’s “60 Minutes” that aired on Nov. 2.
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Energy Department Announces $100 Million in Funding to Refurbish US Coal Plants

DOE will provide $100 million in funding to revamp the country’s existing coal-fired power plants in a bid to support the U.S. coal industry.

Fed Cuts Rates by Quarter Point

The Federal Reserve cut interest rates for the second straight meeting on Oct. 29 as policymakers take a cautious approach to easing monetary policy.

Trump Admin Asks Supreme Court to Uphold Firing of Copyright Office Chief

The Trump administration on Oct. 27 asked the U.S. Supreme Court to uphold the firing of the director of the U.S. Copyright Office, Shira Perlmutter.

Federal Reserve Expected to Cut Interest Rates Again This Week

The Federal Reserve is expected to cut interest rates again when officials meet this week for the Federal Open Market Committee’s two-day policy meeting.

Supreme Court Turns Down Appeal in Mumps Vaccine Antitrust Case

Supreme Court declined to hear a case accusing Merck of antitrust violations for allegedly misleading the FDA about the efficacy of its mumps vaccine.

Florida Sues California, Washington State, for Allegedly Ignoring Federal Commercial Driving Rules

Florida AG James Uthmeier sued California and Washington for allegedly ignoring federal rules on issuing commercial driver’s licenses (CDLs).