Scott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’
But Treasury Secretary Scott Bessent, who was a hedge-fund chief prior to his political appointment, isn’t worried. “I’m not ...
JD Supra1d
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – March 2025 # 2
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the ...
WHDH 7News1d
Putin says he agrees in principal with US proposal for 30-day ceasefire in Ukraine
Russian President Vladimir Putin said Thursday that Russia agrees in principle with the U.S. ceasefire proposal, but the ...
A government program made tax filing free and more efficient. Musk and DOGE may get rid of it anyway
Despite its popularity, the IRS Direct File’s fate remains unclear as Elon Musk and DOGE cleave their way through federal ...
The Lowell Sun1d
Senate Democrats refuse to go along with GOP spending plan, as shutdown deadline nears
WASHINGTON (AP) — A day before a shutdown deadline, Senate Democrats are mounting a last-ditch protest over a Republican-led ...
USDA ends $1 billion for schools, food banks to buy food from local suppliers
Schools and local food banks will lose about $1.1 billion from the U.S. Department of Agriculture for the purchase of food ...
In his own words: Trump takes credit for stock market rises but casts aside blame for sell-off
Over the last year, while President Joe Biden was in office, Trump took credit for stock market rallies as a vote of ...
The Banker2d
Banks face due diligence burden as Trump scraps corporate transparency
While the announcement is part of Trump’s plan to “rein in burdensome regulations”, as Treasury secretary Scott Bessent said, banks will still be required to perform customer due diligence and ...
WWLP2d
Trade war threatens to rekindle inflation that economists believe ticked lower last month
U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump’s tariffs are ...
Trump and Musk Cuts Would Rival Thatcher’s 1980s Austerity
If Elon Musk were to get his way, President Donald Trump would preside over an economic overhaul befitting a fellow 1980s ...
WWLP3d
What is a recession and is the US in one?
According to the National Bureau of Economic Research (NBER), a recession is a “significant decline in economic activity that is spread across the economy and that lasts more than a few months.” The ...