Tobias Burns

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 […]

House Republicans’ domestic agenda bill doesn’t have a topline cost estimate yet and faces the likelihood of major rewrites in the Senate, but it’s already sending shockwaves through global financial markets. U.S. bonds have sold off in response to the

The Moody’s ratings agency downgraded U.S. creditworthiness Friday from the triple-A category to double-A, as Republicans work to pass a massive bill to cut taxes and spending that would add nearly $4 trillion to the federal deficit. Moody’s dropped the

The head of the Social Security Administration (SSA) said Friday that he wouldn’t be “shutting down the agency” after a federal judge backed up a temporary restraining order issued against Elon Musk’s government cost-cutting panel. SSA chief Leland Dudek, a

Senate Republicans aren’t seeing eye to eye with their colleagues in the House over places to cut spending in order to pay for their extension of the 2017 Trump tax cuts. GOP members of the Senate Finance Committee met Thursday

Federal Reserve Chair Jerome Powell said Friday that the central bank is working to separate “the signal from the noise” in order to formulate its monetary policy amid a flurry of new initiatives and policy announcements from the Trump administration

President-elect Trump’s pick for Labor secretary has organized labor cheering and business groups sounding worried as the atypically labor-friendly choice could signal a new and more receptive stance toward unions from Republicans, who have long resisted labor’s agenda. Following a

The September jobs report was another upside surprise for the postpandemic economy, and central bankers are projecting confidence about overall conditions, but business leaders are seeing some clouds gathering in the distance. Business sentiment surveys released this week are showing

U.S. reliance on Chinese maritime cranes is presenting a national security risk since the cranes can be accessed remotely with built-in modems, Republicans on the House Select Committee on the Chinese Communist Party warned Friday in a staff report. Describing