NEW YORK (AP) — An executive order signed by President Donald Trump aims to give political appointees power over the billions of dollars of grants that are awarded by federal agencies. The order signed Thursday requires agencies to appoint individuals responsible for reviewing federal funding opportunities and grants. Scientists say the order will undermine America’s…… MORE
Trump Removes Billy Long as IRS Commissioner, Giving Him the Shortest-Ever Tenure in the Role
WASHINGTON (AP) — President Donald Trump has removed former U.S. Rep. Billy Long as IRS commissioner less than two months after his confirmation. It wasn’t immediately clear why Long was dismissed. His quick exit makes him the shortest-tenured IRS commissioner confirmed by the Senate since the position was created in 1862. Long announced on social…… MORE
Trump to Nominate Top Economic Aide Stephen Miran to Federal Reserve Board
WASHINGTON (AP) — President Donald Trump has nominated a top economic adviser to the Federal Reserve’s board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment. Trump on Thursday named Stephen Miran, the chair of the White House’s Council of Economic Advisers, to fill a seat vacated…… MORE
Trump Orders Federal Regulators to Probe Bank Discrimination Against Conservatives
NEW YORK (AP) — President Donald Trump has ordered an investigation into whether banks have discriminated against conservatives and industries like gun manufacturers and cryptocurrency companies. This executive order addresses “debanking,” where banks close accounts or refuse business with certain industries. Trump accuses banks like JPMorgan and Bank of America of targeting him and his…… MORE
What US Consumers Can Expect From New Tariffs on Imported Goods
American businesses and consumers soon will have a better idea of how President Donald Trump’s foreign trade agenda might affect them. The United States imposed higher tariffs on products from dozens of countries on Thursday. The Budget Lab at Yale estimated that the country-specific import taxes and other tariffs put in place this year would…… MORE