Michael Rainey

In its first meeting under new Federal Reserve Chair Kevin Warsh, the Federal Open Market Committee held its benchmark rate steady, reflecting growing concerns about inflation among bank officials.

By Michael Rainey The U.S. National Science Foundation announced Thursday that it has halted plans to dismantle the Ocean Observatories

Deputy Defense Secretary Stephen Feinberg told lawmakers last week that the Pentagon is eyeing an $80 billion supplemental request to cover the cost of the war against Iran as well as other expenses, according to a

A bipartisan pair of senators is calling on Congress to act quickly to shore up the finances of Social Security, the immensely popular old-age program that faces the threat of

Global oil prices fell on Wednesday to their lowest level since the war against Iran began on February 28, with Brent crude futures dropping to $73

By Michael Rainey A key measure of inflation rose in May, the Bureau of Economic Analysis reported Thursday, reflecting the ongoing economic impact of the war against Iran.

The Department of Government Efficiency came to an official end this past weekend as the Trump administration's cost-cutting effort reached a self-imposed termination date of July 4, 2026.

President Trump said Wednesday that the ceasefire with Iran is “over” and promised a new round of attacks in retaliation for Iranian attacks on three oil tankers in the Strait of Hormuz this week. Hours later, the United States bombed Iran for the second night in a row.

The federal budget deficit totaled $1.37 trillion in the first nine months of the current fiscal year, according to the latest

A federal judge on Monday ruled that President Trump's $10 billion lawsuit against the IRS over the illegal release of his personal tax records was an improper attempt to manipulate the legal process to his own advantage.