The Federal Reserve’s top banking regulator spoke at a private Bank of America dinner for Wall Street clients during the Fed’s blackout period, hours after the rate decision.
The Pentagon tells lawmakers it needs $80 billion to cover the Iran war and other costs, warning the services could run out of operating money this summer, with no war authorization ever sought.
Warsh announces a sweeping Fed overhaul in his first meeting, launching five task forces and dropping the closely watched dot plot of rate projections.
The Interior Department pays Invenergy $765 million to drop four offshore wind leases, its third such buyout in three months totaling $2.6 billion.
Wyoming Governor Gordon sues the tax board he appointed to force certification of home values it withheld over a 2024 cap creating unequal assessments.
Trump signs the 60-day Iran ceasefire into effect and threatens to resume bombing if the deal collapses.
The TSA plans to fly thousands of supervisors to Nevada or Georgia for overnight stays to attend a four-hour training, despite the administration’s efficiency push.
Fired Homeland Security Secretary Noem, still serving as a Trump special envoy, joins a Canadian mining firm’s advisory board as it pursues critical minerals.
Two rural Tennessee communities pause data center development to write grid, water, and pollution rules first, after the industry targeted them expecting little local resistance.
The U.S. Strategic Petroleum Reserve falls to its lowest level since 1983, months after the Trump administration ordered a 172 million-barrel drawdown.
The U.S. and Iran sign a 60-day ceasefire memorandum, then clash over frozen funds and whether the deal binds Israel in Lebanon.
Trump declares the Iran war over and lifts the Strait of Hormuz blockade, though the agreement is a 60-day ceasefire to begin nuclear talks.
Justice Department approves Paramount Skydance’s $110 billion takeover of Warner Bros. Discovery, clearing a merger that puts CBS and CNN under one Trump-allied owner.
Commerce Department imposes export controls on Anthropic’s two newest AI models, forcing the company to shut them off for all users days after launch.
Pakistan declares a final U.S.-Iran peace deal text reached as Iran attacks Strait of Hormuz shipping and Trump rejects Tehran’s account of the terms.
National Science Foundation decommissions a $368 million deep-ocean monitoring network as Alaska’s fisheries face salmon crashes, crab collapses and repeated marine heatwaves.
HUD suspends federal funding for Los Angeles’s homeless services agency, citing fraud findings, as the mayor warns people will lose their lives.
Trump tells reporters he loves the inflation that just hit a three-year high, citing a secret mission moving oil through the Strait of Hormuz.
Inflation tops 4% for the first time in three years as war-driven gas prices outpace wage growth and shrink real spending power.
Twenty House Republicans defy Speaker Johnson to pass a bill fast-tracking first contracts for new unions, the fourth successful discharge petition this Congress.
Trump administration warns over 500 hospitals to post clear prices or face fines up to $2 million yearly, with red states Texas and Indiana leading violators.
Social Security trustees project the trust fund empties in late 2032, forcing an automatic 22% benefit cut of roughly $500 monthly unless Congress acts.
New Mexico confirms its first New World screwworm case in 60 years as the flesh-eating parasite spreads beyond Texas.
Trump says he scheduled a meeting with major AI companies about the government taking equity stakes, but the firms say no one told them.
Federal judge strikes down Trump’s $100,000 H-1B visa fee, ruling he imposed a tax without congressional authorization.
Agriculture Department confirms a second Texas screwworm case, the flesh-eating pest’s first U.S. cattle return since 1982.
White House AI policy adviser Sriram Krishnan will leave at the end of June, days after the administration floated taking government equity stakes in AI companies.
U.S. strikes Iranian radar sites and downs six attack drones as Tehran accuses Washington of violating the ceasefire.
Senior Trump officials hold early talks with AI companies about the government taking equity stakes, with returns pitched as household dividends.
Trump invokes the 1950 Defense Production Act to steer nearly $700 million toward reviving coal plants, as the fuel sits in two-decade decline.
Rubio tells Congress the Iran war is over as an Iranian attack on Kuwait’s airport kills one and wounds 63.
Seven states sue to block the administration’s $795 million deal paying a foreign energy company to abandon offshore wind off New York and New Jersey and drill oil and gas instead.
U.S. proposes new tariffs of up to 12.5% on 60 countries over forced labor, reviving Trump’s nation-by-nation levies under a different law after the Supreme Court struck down the originals.
Trump administration releases Medicaid work-requirement rules exempting pregnant women and veterans, with an estimated 5 million still set to lose coverage by 2034.
Trump tells CNBC he could not care less if Iran negotiations collapse, saying the talks had become boring.
The U.S. military has quietly guided about 70 commercial ships through the Strait of Hormuz in three weeks, most running dark to dodge Iranian attack.
Trump sends a third round of edits to the Iran ceasefire deal, demanding Tehran destroy its enriched uranium and reopen the Strait of Hormuz.
Trump administration moves to appeal a ruling that all 330,000 importers who paid struck-down tariffs can claim refunds, not just those who sued.
Colorado Governor Polis vetoes a union bargaining bill for the second straight year, again rejecting his own party’s legislature.
Treasury Secretary Bessent dismisses war-driven gas costs as ‘less than $200’ per family as analysts peg the real hit far higher.
Trump says he will lift the U.S. naval blockade of Iran and lays out deal terms that Iran calls false.
Treasury launches a Trump Accounts mobile app offering financial-literacy modules ahead of the July 4 rollout of $1,000 seeded savings accounts for children.
Louisiana House votes 66-35 to cut majority-Black congressional districts from two to one, sending the map back to the Senate before a June 1 deadline.
Trade court orders CBP chief Scott to appear and explain compliance on $166 billion in tariff refunds the Supreme Court ordered repaid.
Energy Secretary Wright tells Utah summit that global warming is real but “no big deal,” not among the world’s top 5 or 10 problems, urging Americans to drop “doomster” climate views.
Greenland envoy Landry pitches 2 million barrels of daily Danish-territory oil to relieve Strait of Hormuz pressure after uninvited three-day visit.
Trump pick Warsh sworn in as Fed chair in first White House ceremony since 1987 with Justice Thomas, as Fed governor Waller warns rate hikes can no longer be ruled out.
Commerce Department takes equity stakes worth $2 billion in nine quantum firms including one backed by Trump Jr.’s venture capital firm and another taken public by a Pentagon official.
CFPB deletes 1,700 pre-Vought pages including medical debt and solar loan consumer advisories as Russell Vought seeks to cut staff from 1,174 to 556.