Senate should proceed with Warsh hearings for Fed chair despite Powell probe: Bessent

Senate should proceed with Warsh hearings for Fed chair despite Powell probe: Bessent

The Senate should move to advance Kevin Warsh, President Donald Trump’s nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday. Bessent, in an interview on CNBC’s “Squawk Box,” said he believes after speaking this week to Republicans on the Senate Banking … Read more

DHS shutdown all but certain as Democrats and Trump White House can’t cut deal

DHS shutdown all but certain as Democrats and Trump White House can’t cut deal

The Department of Homeland Security is barreling toward a shutdown starting this weekend after Senate Democrats and the White House on Thursday failed to clinch a deal on immigration enforcement restrictions. A bill already approved by the House of Representatives, which would fund DHS through the end of the fiscal year on Sept. 30, failed … Read more

The January CPI inflation report is due out Friday morning. Here’s what it’s expected to show

The January CPI inflation report is due out Friday morning. Here’s what it’s expected to show

Customers shop at Walmart in Little Rock, Arkansas, Jan. 22, 2026. Will Newton | Getty Images Investors got some good news this week on the state of the labor market, and more may be on the way Friday on inflation. The consumer price index, a broad measure of goods and services costs across the U.S. … Read more

Trump administration will end immigration enforcement surge in Minnesota: Homan

Trump administration will end immigration enforcement surge in Minnesota: Homan

Tom Homan, White House border czar, speaks at a press conference at the Bishop Henry Whipple Federal Building in Minneapolis, Feb. 4, 2026. John Moore | Getty Images Border czar Tom Homan on Thursday said President Donald Trump has agreed to conclude the monthslong federal immigration enforcement surge in Minnesota. “We’ve seen a big change … Read more

Russia shrugs off Trump’s tariff threats on those who provide oil to Cuba

Russia shrugs off Trump’s tariff threats on those who provide oil to Cuba

A vehicle fills up with fuel at a gas station in Havana on January 28, 2026. Yamil Lage | Afp | Getty Images The Kremlin on Thursday said it is actively discussing what help it can provide to fuel-starved Cuba, dismissing U.S. President Donald Trump’s tariff threat to sanction countries that send oil to the … Read more

SAVE Act: House advances Trump-backed voter ID bill

SAVE Act: House advances Trump-backed voter ID bill

The House voted Wednesday, 218-213, to advance an election bill backed by President Donald Trump that would require proof of citizenship to register to vote and require photo identification at the ballot box.  The SAVE America Act, introduced by Rep. Chip Roy, R-Texas, has been the focus of a pressure campaign from the White House, … Read more

House votes to override Trump’s Canada tariffs

House votes to override Trump’s Canada tariffs

U.S. President Donald Trump (R) meets with Canadian Prime Minister Mark Carney in the Oval Office of the White House on October 07, 2025 in Washington, DC. Anna Moneymaker | Getty Images The House on Wednesday passed a resolution disapproving of President Donald Trump’s tariffs against Canada, a blow to Speaker Mike Johnson, R-La., and … Read more

Pam Bondi hearing: Attorney general touts record Dow as Democrats grill her over Trump, Epstein

Pam Bondi hearing: Attorney general touts record Dow as Democrats grill her over Trump, Epstein

Attorney General Pam Bondi on Wednesday responded to House Democrats’ heated questions about the Trump administration’s handling of the Jeffrey Epstein files by chastising them for ignoring stock market gains and other of President Donald Trump’s political wins. “The Dow is over 50,000 right now,” Bondi said in sworn testimony before the House Judiciary Committee … Read more

Tariff bills across U.S. states mount as affordability and Trump head for midterm elections showdown

Tariff bills across U.S. states mount as affordability and Trump head for midterm elections showdown

New analysis of U.S. Census data shows that states across the U.S. where key midterm elections will take place this year paid over $134 billion in tariffs in the period since President Donald Trump began implementing widespread trade duties in March 2025 through last November. In all, the U.S. Census data compiled by Trade Partnership … Read more

These Democrats aren’t ready to jettison big business as party stalwarts shift left

These Democrats aren’t ready to jettison big business as party stalwarts shift left

Moderate Democrats looking for their party to take back control of the U.S. House in November are offering an alternative to the economic populism message peddled by their more liberal counterparts. A new blueprint from the center-left New Democrat Coalition, shared exclusively with CNBC, lays out a road map for addressing affordability — top on … Read more