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Trump Casts Doubt on Hassett Fed Bid, Prefers White House Role
President Donald Trump on Friday said he would like to keep his top economic adviser, Kevin Hassett, at the White House rather than potentially nominate him to replace Jerome Powell as chair of the Federal Reserve.
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US: Canada Will Regret Decision to Import Chinese EVs
Trump administration officials said Friday Canada would regret its decision to allow China to import up to 49,000 Chinese EVs, and that those cars would not be allowed to enter the United States.
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US May Use Venezuelan Oil for Emergency Reserves
The U.S. Department of Energy is exploring a plan to exchange heavy Venezuelan oil for U.S. medium, sour crude to fill up the Strategic Petroleum Reserve, two sources said Friday.
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Trump: Countries Not Supporting US Control of Greenland May Face Tariffs
President Donald Trump said Friday he may punish countries with tariffs "if they don't go along with" his push for the U.S. to control Greenland.
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Trump Housing Plan to Allow 401k Money for Down Payments
The Trump administration plans to allow investors to use some of their retirement funds to make a down payment on a house, White House economic adviser Kevin Hassett said on Friday, adding that more details will be released next week.
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Why 'Affordability' Became a Hot Political Issue
Even as inflation slows, families still struggle to pay basic bills and feel pessimistic. The baseline price level is so much higher. As if working to fix these affordability challenges weren't enough for the Trump administration, there is the national debt.
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Taiwan Hails Its 'Best' Trade Deal With US, as China Protests
Taiwan's premier on Friday hailed a new trade deal with the United States as the "best tariff deal" enjoyed by countries with trade surpluses with Washington, as meanwhile a Chinese official in Beijing condemned the accord.
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US Envoy: Greenland 'Deal' Possible
President Donald Trump's special envoy to Greenland said he plans to visit the Danish territory in March, and that he believes a deal can be made. "I do believe that there's a deal that should and will be made once this plays out," Jeff Landry told Fox News in an...
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Powell Could Stay on Fed Board for 2 More Years
At 72, Federal Reserve Chair Jerome Powell has grandkids to play with, a golf game to get back to and a tune or two to master on the guitar. He also faces a choice: Whether to devote the next years to his family and passions or to battling from inside the Fed...
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Peter Thiel Donates $3M to Fight California Wealth Tax
Peter Thiel, PayPal co-founder and Palantir chairman, has emerged as the first major donor in what is expected to be a high-dollar campaign to block a proposed California wealth tax, The New York Times reports.
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US Import Prices Increase 0.4% From September to November
U.S. import prices increased 0.4% over the two months from September to November, the Labor Department's Bureau of Labor Statistics said Thursday.
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Homes Could Become Affordable in 20 Major Metros
Homes are on track to become affordable in 20 of the nation's 50 largest metropolitan areas by the end of 2026 - the most since 2022 - driven by slower price growth, falling mortgage rates and rising incomes, according to a new forecast from Zillow.
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Unemployment Claims Fall as Layoffs Remain Low
Fewer Americans applied for unemployment benefits last week as U.S. layoffs remain low despite growing concern about a weakening job market.
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Trump: I Have No Plan to Fire Powell
U.S. President Donald Trump said he has no plans to fire Jerome Powell despite a Justice Department criminal investigation into the Federal Reserve chair, but it was "too early" to say what he would ultimately do.
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Meadows: Trump's Boom Coming When Rates Fall
Mark Meadows told Newsmax on Wednesday that voters are about to feel the economic upswing President Donald Trump has promised, arguing that lower interest rates and easing costs will matter more at the ballot box than foreign crises, even as the White House juggles flash ...
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US Healthcare Spending Soared to $5 Trillion in 2024
U.S. healthcare spending rose by 7.2% to $5.3 trillion in 2024 from $4.9 trillion in 2023, driven by increased health insurance enrollment and a jump in use of medical services, particularly in private health insurance plans, the U.S. Centers for Medicare & Medicaid...
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Trump Team Completes $500M Venezuela Oil Sale
The U.S. has completed its first sales of Venezuelan oil under a new Trump-era arrangement valued at about $500 million. The proceeds are being held in U.S.-controlled accounts, including a main one in Qatar.
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Fed: US Economic Activity Rose in Recent Weeks
Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said Wednesday in a report that may do little to sway policymakers' interest rate views ahead of the central bank's meeting in two weeks.
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Greenland Acquisition Cost US Up to $700 Billion
The United States could be looking at a bill as high as $700 billion if it tried to fulfill President Donald Trump's long-stated goal of buying Greenland, according to three people familiar with a cost estimate developed for planning purposes.
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Bipartisan Deal Pushes $50B in Foreign Aid Spending
Republicans struck a bipartisan, bicameral funding deal with Democrats to send roughly $50 billion overseas, defying DOGE-backed spending cuts and President Donald Trump's push to dismantle the U.S. Agency for International Development, Foreign Policy reported.
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2025 US Home Sales Stuck at 30-Year Low
The U.S. housing market slump dragged into its fourth year in 2025 as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers out of the market.
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US Existing Home Sales Accelerate in December
U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices.Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million units, the National Association of Realtors said on Wednesday.Economists...
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Wholesale Inflation Ticks up a Mild 0.2% in November
U.S. wholesale prices rose modestly in November, the government said in report delayed by the federal government shutdown.
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US Retail Sales Beat Expectations in November
U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households increased spending elsewhere, pointing to solid economic growth in the fourth quarter.
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Trump Takes on Cost-of-Living Crisis
President Trump's ideas to lower costs and boost spending power could reshape housing, energy, and finance.