Michael Rainey

In a highly anticipated speech at the annual Jackson Hole Economic Symposium on Friday, Federal Reserve Chair Kevin Warsh told the gathering of central bankers that inflation isn't slowing meaningfully and vowed to do what it takes to push it down to the target rate of 2%.

In a 5-4 ruling Monday, the U.S. Supreme Court allowed construction to continue on President Trump's new White House ballroom.

The IRS saw a significant decrease in revenues generated by audits in fiscal year 2025, according to a

The yield on the 10-year U.S. Treasury note rose more than 3 basis points Tuesday to 4.79%. Driven higher by concerns over the latest flare-up in the war against Iran and its effects on fuel costs and inflation, the yield touched its highest level since January 2025 in trading during the day.

By Michael Rainey U.S. employers expect to see a significant jump in health insurance costs next year, according to a new survey by the consulting firm Marsh.

President Trump escalated his trade war with Canada on Tuesday, announcing in a social media post that he will try to limit the federal government's purchases of Canadian products.

By Michael Rainey The U.S. Treasury Department said Wednesday that it plans to buy $6 billion of government debt this week as part of an

The federal budget deficit came to an estimated $2.0 trillion in the first 11 months of the 2026 fiscal year, according to the latest

The U.S. Treasury Department said Wednesday that it plans to buy $6 billion of government debt this week as part of an effort to reduce long-term borrowing costs and maintain liquidity in the bond market. The buyback operation, which triples the normal level of $2 billion per week, will continue at a higher level moving forward, Treasury said, with at least $4 billion in debt purchased each week for the next few months, and perhaps longer. This week’s buyback, which is scheduled for Thursday, wi

By Michael Rainey Prices in the U.S. economy kept rising in August, according to government data released Friday, ratcheting up the