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GOP bill locks in new deficit plateau as bond market quakes

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GOP bill locks in new deficit plateau as bond market quakes

Republican budget hawks got steamrolled this week as the House passed a bill to advance President Trump’s agenda, sending concerns though financial markets about permanently higher U.S. deficit levels. Following the pandemic, the U.S. national debt ratcheted up to a new plateau of around 120 percent of gross domestic product (GDP) after the government sent…
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Politics

Watch live: Trump speaks to farmers at White House

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Watch live: Trump speaks to farmers at White House

President Trump will host hundreds of farmers, ranchers and executives Friday afternoon at the White House to outline his administration’s agriculture agenda. During the event, he is expected to announce actions to assist farmers and food suppliers, including new guidance on farm equipment regulations and ways to cut costs within the industry…
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The Iran war produces a sea change in Fed policy expectations

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The Iran war produces a sea change in Fed policy expectations

The disruption of oil supplies is the largest in history, according to the International Energy Agency…
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Sam Graves pulls reelection plans, will retire from Congress

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Sam Graves pulls reelection plans, will retire from Congress

Rep. Sam Graves (R-Mo.), the chair of the House Transportation Committee, announced Friday that he will not seek reelection and will retire from Congress at the end of his term. Graves, 62, wrote in a morning post on the social platform X that the decision to end his 26-year congressional career came “after considerable reflection.”…
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