White House National Economic Council Director Kevin Hassett walks towards the West Wing following a television interview outside the White House on September 5, 2025 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump could “start taking sharp measures” on Monday if the government shutdown continues after the Senate’s next votes on stopgap…
White House National Economic Adviser Kevin Hassett talks to reporters on the West Wing driveway at the White House in Washington, D.C., U.S., August 27, 2025. Jonathan Ernst | Reuters White House National Economic Council Director Kevin Hassett said Sunday that layoffs for federal employees will begin if President Donald Trump decides that congressional negotiations to end the government…
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness,” Charles Dickens famously wrote. That aptly captures the dislocation between political events and market action as we go into the next week. The U.S. government shutdown has stoked worries about its…
The U.S. Capitol is seen on the second day of the federal government shutdown on October 2, 2025, in Washington D.C. Mehmet Eser | Anadolu | Getty Images The shutdown of the federal government is likely to worsen the delays student loan borrowers are already facing in accessing programs required by Congress and mandated in…
GM Hummer EV production in Detroit. Photo by Jeffrey Sauger for General Motors DETROIT — Shares of the Detroit automakers closed higher Friday following an afternoon report that President Donald Trump is considering “significant tariff relief” for the production of vehicles in the U.S. Stocks for General Motors, Ford Motor and Chrysler parent Stellantis shifted…
A “draft” from The Treasury Department of a $1 commemorative coin that it plans to mint next year. Courtesy: U.S. Treasury Department The Treasury Department is considering minting a $1 coin bearing President Donald Trump‘s likeness on both sides to honor him and commemorate the United States’ 250th birthday next year. A first draft of…
Speaker of the House Mike Johnson (R-LA) and Senate Majority Leader John Thune (R-SD) walk into Statuary Hall for a news conference about the ongoing federal government shutdown at the U.S. Capitol on Oct. 3, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Senate on Friday is poised to vote once again on…
Russ Vought, Director of the US Office of Management and Budget (OMB), speaks at the National Conservative Convention in Washington D.C., Sept. 3, 2025. Dominic Gwinn | Afp | Getty Images The Trump administration has put on hold $2.1 billion in Chicago infrastructure projects, Office of Management and Budget Director Russell Vought said in a…
Job fair signage as job seekers arrive at the Appalachian State University internship and job fair in Boone, North Carolina, US, on Wednesday, Oct. 1, 2025. Allison Joyce | Bloomberg | Getty Images Unemployment changed little in September, while layoff and hiring rates both slowed, according to separate labor market reports Thursday. The jobless level…
Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop…
