• US Posts Record $145B Dec. Deficit as Outlays Outpace Receipts
  
  The U.S. government posted a $145 billion budget deficit for December, up 67% or $58 billion from a year earlier due to record outlays that were inflated by calendar shifts in benefit payments and receipts, the Treasury Department said on Tuesday.
• Trump: 2.6% Core Inflation Justifies Fed Rate Cut
  
  President Donald Trump welcomed December inflation figures released Tuesday, saying they supported his push for Federal Reserve chair Jerome Powell to cut interest rates.
• US New Home Sales Fall Marginally in October
  
  Sales of new U.S. single-family homes fell slightly in October after increasing for two straight months, though declining prices amid still-elevated inventory could support the new housing market this year.
• Powell Could Remain a Thorn in Trump's Side
  
  Federal Reserve Chair Jerome Powell's term as chair is set to end on May 15, 2026 - but he could still thwart President Donald Trump's push to lower interest rates.
• Public Assistance Fraud Extends Beyond Minnesota
  
  Federal prosecutors now suggest that up to half of the $18 billion spent on 14 Medicaid-funded Minnesota programs since 2018 may have been tied to fraud. Even if those estimates are revised downward, the pattern is unmistakable. Fraud became routine.
• Inflation Holds Steady at 2.7%; Core CPI Cools to 2.6%
  
  U.S. consumer prices increased in December as the distortions related to the government shutdown that had artificially lowered inflation in November unwound, cementing expectations the Federal Reserve would leave interest rates unchanged this month.
• Top Central Bankers Express 'Full Solidarity' With Fed Chair Powell
  
  Central bankers from around the world said Tuesday they "stand in full solidarity" with Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed...
• Trump: Ruling Against Tariffs Would Be Disastrous
  
  The Supreme Court is set to rule on the authority of President Donald Trump's national security and trade-related tariffs, but Trump warned that U.S. national security would be "screwed" if the tariffs were unwound.
• US Dramatically Reduces Trade Deficit
  
  The U.S. economy managed to drastically reduce its trade deficit in October of last year.
• Scott Bessent: 10% of US Budget Stolen Annually
  
  The U.S. government wastes hundreds of billions of dollars annually, says Treasury Secretary Scott Bessent. In an interview with journalist Christopher Rufo that premiered Sunday, Bessent said federal "waste, fraud, and abuse" totals $300 billion to $600 billion a year.
• US-Taiwan Trade Deal Close, Cutting Tariffs to 15%
  
  The Trump administration is reportedly finalizing a trade agreement with Taiwan that would cut U.S. tariffs on the island's exports to 15% and secure a major expansion of semiconductor manufacturing in the United States.
• New Fed Chair May Not Grant Trump Lower Rates
  
  President Trump may be able to appoint a loyalist to chair the Federal Reserve Board, but that doesn't guarantee he'll get meaningfully lower interest rates.The Fed can only control short-term interest rates, most notably the federal funds rate-the rate banks charge each...
• $80B Legislation to Fund Security, Financial Services
  
  Seeking to avoid another crippling government shutdown and moving closer to the goal of passing 12 separate appropriations bills, the House Appropriations Committee has released text of proposed legislation combining roughly $75 billion to $80 billion in discretionary spending.
• Past 3 Fed Chairs Decry 'Unprecedented' Assault on Powell
  
  The past three heads of the U.S. Federal Reserve Monday joined with other former federal government economic policy leaders in condemning the Trump administration's criminal probe of Fed Chair Jerome Powell, likening it to the interference with central bank independence.
• US Fed Chief Warns of 'Intimidation' After Criminal Subpoenas
  
  US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.
• Oil Traders Beat Majors on First Venezuelan Deals
  
  Global oil trading houses have emerged as early winners in the race to control Venezuelan crude flows, getting ahead of U.S. energy majors wary of credit and legal risks and securing a potentially lucrative business opportunity in the country with the world's largest crude...
• Canada PM Carney Visits China to Rebuild Trade Ties
  
  A leader of the Canadian government is visiting China this week for the first time in nearly a decade, a bid to rebuild his country's fractured relations with the world's second-largest economy - and reduce Canada's dependence on the United States, its neighbor and until...
• Pulte Emerges as Force Behind Powell Subpoena
  
  Federal Housing Finance Agency Director Bill Pulte has played a central role in the Trump administration's move to subpoena the Federal Reserve, Bloomberg reports, citing people familiar with internal deliberations.
• Trump's Oil Power Play Threatens OPEC
  
  With the U.S. already controlling more than one-fifth of global oil output, Washington's expanding grip on Venezuela and Guyana could push that share toward 30% , a level that would fundamentally reshape world energy markets, The Wall Street Journal reports.
• Trump Warns Credit Card Firms Over Jan. 20 Rate Cap
  
  President Donald Trump said Sunday that credit card companies would be in violation of the law if they fail to meet his Jan. 20 demand for a 10% interest rate cap, despite legal experts saying such a move would require new legislation from Congress.
• Fed Chair Jerome Powell Under Criminal Investigation
  
  Federal Reserve Chair Jerome Powell said Sunday the Department of Justice has served the central bank with subpoenas and threatened it with a criminal indictment over his testimony about the Fed's building renovations.
• Mortgage Rates Drop to Lowest Level in Nearly 3 Years
  
  Mortgage rates fell sharply on Friday after President Donald Trump said he is directing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, a rare federal push into the housing-finance pipeline that is already reshaping rate expectations and...
• Ackman: Trump's 10% Credit Card Rate Cap 'a Mistake'
  
  U.S. hedge fund manager Bill Ackman said on Friday that U.S. President Donald Trump's call for a one-year cap on credit card interest rates at 10% starting on Jan. 20 "is a mistake."
• Navarro: MAGA-Nomics Cures Inflation, Lifts GDP
  
  Peter Navarro told Newsmax on Friday that "MAGA-nomics" is driving an economic growth rebound and "curing" former president Joe Biden's inflation, as the Atlanta Fed's GDPNow model jumped to a 5%-plus estimate for late 2025.
• Trump Hails 5.4% Growth, Warns of Shutdown
  
  President Donald Trump touted a positive economic report amid warnings of another potential government shutdown Friday.

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