Joe Biden

Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned

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Yellen says Powell probe ‘extremely chilling’ for Fed independence, market should be concerned

Former Federal Reserve Chair Janet Yellen on Monday condemned an investigation into her successor, Jerome Powell, saying it compromises the central bank’s independence. Yellen, who served as Treasury secretary after leaving the Fed, added that she thinks financial markets should be more concerned about a situation that she called “extremely chilling.” “I’m surprised the market … Read more

Trump faces headwinds on Venezuela, health care as some Republicans break rank

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Trump faces headwinds on Venezuela, health care as some Republicans break rank

President Donald Trump’s attack on Venezuela and threats to other countries, as well as concerns about affordability, exposed fractures within the congressional GOP this week at the start of a challenging midterm election year. Trump avoided defeat when most House Republicans declined to override the first of two vetoes of his presidency, which spiked a … Read more

Trump calls for one-year cap on credit card interest rates at 10%

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Trump calls for one-year cap on credit card interest rates at 10%

A shopper pays with a credit card at the farmer’s market in San Francisco on March 27, 2025. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump said on Friday he was calling for a one-year cap on credit card interest rates at 10% starting on Jan. 20, but he did not provide details … Read more

Trump instructs ‘representatives’ to buy $200 billion in mortgage bonds, aiming to lower rates

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Trump instructs ‘representatives’ to buy 0 billion in mortgage bonds, aiming to lower rates

US President Donald Trump speaks during a bill signing ceremony in the Oval Office of the White House in Washington, DC, US, on Friday, Dec. 12, 2025. Francis Chung | Politico | Bloomberg | Getty Images President Donald Trump on Thursday said he is “instructing my Representatives” to buy $200 billion in mortgage bonds, claiming … Read more

Obamacare subsidies extension clears procedural hurdle in the House

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Obamacare subsidies extension clears procedural hurdle in the House

U.S. House Minority Leader Hakeem Jeffries (D-NY) holds a news conference at the U.S. Capitol on Jan. 5, 2026 in Washington, DC. Joe Raedle | Getty Images A Democrat-led push to extend recently expired Obamacare subsidies cleared a procedural hurdle in the House on Wednesday with support from nine Republicans, teeing up a final vote … Read more

TikTok signs agreement to create new U.S. joint venture, memo says

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TikTok signs agreement to create new U.S. joint venture, memo says

Samuel Boivin | Nurphoto | Getty Images TikTok CEO Shou Zi Chew told employees on Thursday that the company’s U.S. operations will be housed in a new joint venture. The entity is named TikTok USDS Joint Venture LLC, according to a memo sent by Chew and obtained by CNBC. As part of the joint venture, … Read more

FCC chief Brendan Carr tells Senate that his agency is ‘not formally … independent’

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FCC chief Brendan Carr tells Senate that his agency is ‘not formally … independent’

Federal Communications Commission Chairman Brendan Carr told a Senate committee on Wednesday that his agency is “not formally … independent.” Shortly after Carr made that statement, the FCC apparently removed the word “independent” in a description of the agency’s work on its website. Carr’s appearance before the Senate Commerce, Science and Transportation Committee was his first … Read more

Trump defends chief of staff Susie Wiles after she says he has ‘alcoholic’s personality’

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Trump defends chief of staff Susie Wiles after she says he has ‘alcoholic’s personality’

Susie Wiles, White House chief of staff, in the Oval Office of the White House in Washington, June 27, 2025. Yuri Gripas | Bloomberg | Getty Images President Donald Trump on Tuesday defended White House chief of staff Susie Wiles after she told a reporter that Trump has an “alcoholic’s personality.” Trump, in an interview … Read more

Trump wants the U.S. shipbuilding industry to be great again. Here’s what it will take, and what’s at stake

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Trump wants the U.S. shipbuilding industry to be great again. Here’s what it will take, and what’s at stake

President Donald Trump has vowed to lead a revival in U.S. shipbuilding, but the success of this manufacturing renaissance in a key sector for national security will rely on the expertise from overseas. The administration’s goal of a shipbuilding boom is a part of Trump’s “Make America Great” policy agenda. Trump signed an executive order … Read more