Congress, not the president, decides on government spending − a constitutional law professor explains how the ‘power of the purse’ works
Congress has the authority to control government expenditures. Donald Trump is the latest president to try to get around that ...
Treasury yields tumble a second day after surprisingly steep drop in retail sales
U.S. government debt rallied for a second day on Friday, after retail sales for January came in sharply lower than expected and raised some questions about the strength of the economy.
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Treasury watchdog begins audit of Elon Musk DOGE team’s access to federal government’s payment system
The Treasury Department’s Office of Inspector General on Friday said it was launching an audit of the security controls for ...
US looking at currency manipulation in tariff row, Treasury chief says
The Trump administration is looking beyond tariffs and non-tariff barriers to examine currency manipulation as it studies the ...
30-Year Mortgage Rates Fall Again
Rewinding further, the 30-year average notched a high 7.37% last spring, so today's rates are significantly improved vs. 10 months ago. They're also almost 1.2 percentage points cheaper than the ...
Newman: Trump’s biggest economic vulnerability has emerged
Three weeks into his second presidential term, Donald Trump is largely getting his way on Cabinet nominees, deregulation, ...
Cal Thomas: Demise of the penny makes cents
President Trump has ordered the Treasury Department to stop minting pennies to save money. It costs almost four cents to make ...
US Treasury watchdog begins audit of DOGE access to federal payment system, AP reports
The Treasury Department's inspector general said on Friday it began an audit of security controls for the U.S. government's payment system, the Associated Press reported, after Democratic senators ...
Trump warns consumers: Prices ‘could go up’ because of White House plans
The Republican president is moving forward with an agenda that, by his own assessment, is going to make the cost of living worse.
Wall Street flirts with a record as indexes drift
Wall Street is flirting with a record Friday, as U.S. stock indexes drift following some mixed profit reports from big ...
US manufacturing output falls in January on weak motor vehicle production
U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output.