23 h. ago Dollar falls after Trump asks lawmakers if he should fire Jay Powell

Concern over independence of the Federal Reserve fuels slide in currency

Politics

47 h. ago Dimon warns on Fed independence as Trump piles pressure on Jay Powell

JPMorgan chief’s comments come as Treasury secretary says ‘formal process’ to replace central bank chief is under way

Events

53 h. ago Republicans complain to Canada over wildfire smoke despite supporting planet

Lawmakers send letter railing against ‘suffocating’ smoke days after voting for Trump plan likely to boost pollutionA group of Republican lawmakers has complained that smoke from Canadian wildfires is ruining summer for Americans, just days after voting for a major bill that will cause more of the planet-heating pollution that is worsening wildfires.In a letter sent to Canada’s ambassador to the US, six Republican members of Congress wrote that wildfire smoke from Canada has been an issue for several years and recently their voters “have had to deal with suffocating Canadian wildfire smoke filling the air to begin the summer”. Continue reading...

Events

7 d. ago Trump announces tariffs of up to 30% on six more countries – live updates

President defends tariffs and sends letters to countries including Algeria, Iraq and Brunei The US justice department has sued California over state policies allowing transgender athletes to compete in girls’ school sports, alleging that allowing them to do so violates federal anti-discrimination laws.The lawsuit, filed in federal court in Los Angeles, claims that California’s policies violate Title IX, which affords legal protection against sex discrimination.Our Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!ANYBODY BUT “TOO LATE.”In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.Anybody would be better than Jay Powell. He’s costing us a fortune because he keeps the rate way u...

Politics

9 d. ago Jon Stewart uses GOP’s own words to skewer lawmakers who voted for Trump’s controversial bill

The Daily Show host lamented: ‘The only difference between that vote and wrestling is that wrestling is fun and takes actual courage’

Politics

2 w. ago Trump’s big beautiful bill passes step in House, paving way for legislation

Key rule finally approved at 4am in Washington DC after lawmakers’ objected to provisions and costUS politics – live updatesDonald Trump’s signature tax-and-spending bill has passed a procedural step in the US House of Representatives, paving the way for the possible passage of the legislation later in the day.The House speaker, Mike Johnson, is determined to pass the bill as soon as possible, but had been frustrated by lawmakers – Democrats but also a handful of Republicans – who object to its provisions and overall cost. Overnight, they had blocked the House from approving a rule, which was necessary to begin debate on the measure and set the stage for its passage. Continue reading...

Politics

2 w. ago House vote on Trump’s big bill hangs in balance as Johnson vows to ‘get it over the line’

Speaker struggles to muster enough Republican votes as lawmakers object to provisions and costUS politics – live updatesDonald Trump’s signature tax-and-spending bill is hanging in the balance as Republicans struggle to muster sufficient votes in the US House of Representatives.House speaker Mike Johnson is determined to pass the bill as soon as possible, but has been frustrated by lawmakers who object to its provisions and overall cost. They have blocked House Republicans from approving a rule, which is necessary to begin debate on the measure and set the stage for its passage. Continue reading...

Politics

2 w. ago What’s in Trump’s big, beautiful bill? Tax cuts, deportations and more

GOP’s sweeping legislation boosts wealthy, funds border wall and risks $3tn deficit before Trump’s term endsThe Republican-led Senate is on a final sprint to pass the one big beautiful bill, a sprawling piece of legislation that will enact Donald Trump’s tax and spending priorities. Lawmakers from both parties are offering last-minute amendments ahead of a final vote on passage that could come Tuesday, after which the legislation will return to the House of Representatives, which passed their version of the bill last month.Here’s what’s in the Senate’s version of the bill: Continue reading...

Politics

2 w. ago US dollar suffers worst start to year in more than five decades, report claims

The dollar index has fallen more than 10 percent in the first six months of the year, a new report says

Politics

2 w. ago Musk vows to unseat lawmakers who support Trump’s one big beautiful bill

Tesla CEO also threatened forming an ‘America Party’ if the bill, which would increase US deficit by $3.3tn, is passedElon Musk has vowed to unseat lawmakers who support Donald Trump’s sweeping budget bill, which he has criticized because it would increase the country’s deficit by $3.3tn.“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth,” he wrote on his social media platform, X. Continue reading...

Politics

2 w. ago Musk vows to unseat lawmakers who support Trump’s ‘big beautiful bill’

Tesla CEO also threatened forming an ‘America Party’ if the bill, which would increase US deficit by $3.3tn, is passedElon Musk has vowed to unseat lawmakers who support Donald Trump’s sweeping budget bill, which he has criticized because it would increase the country’s deficit by $3.3tn.“Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth,” he wrote on his social media platform, X. Continue reading...

Politics

2 w. ago Throwing their bodies on the gears: the Democratic lawmakers showing up to resist Trump

Republicans may literally own social media platforms, but some Democrats are buying back legitimacy with protestsA flock of Ice agents, some masked, some sporting military-operator fashion for show, smooshed New York City comptroller Brad Lander up against a wall and handcuffed him in the hallway of a federal courthouse in early June, shuffling the mild-mannered politician into an elevator like the Sandman hustling an act off the stage 10 miles north at Harlem’s Apollo Theater.Like at the Apollo, Lander’s arrest was a show. News reporters and cellphone camera-wielding bystanders crowded the hall to watch the burly federal officers rumple a 55-year-old auditor asking for a warrant. Continue reading...

Politics

2 w. ago White House says decision on nominating next Fed chair not ‘imminent’

US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer

Society

3 w. ago Voices: Who will Trump pick to replace his ‘terrible’ and ‘stupid’ Federal Reserve boss?

For daring to speak out against tariffs and refusing to lower interest rates, Jay Powell has become the president’s public enemy number one. His successor could be announced early out of spite – and there’s one clear contender who’s up to the job, says James Moore

Politics

3 w. ago Ukrainian lawmaker who nominated Trump for Nobel Peace Prize withdraws it after ceasefire talks stall

Oleksandr Merezhko, the head of Ukraine's parliamentary foreign committee, said he had "lost any sort of faith and belief" in Trump and his ability to get a ceasefire deal between Russia and Ukraine

Politics

3 w. ago Donald Trump's defence chief claims Iran attack was shared with lawmakers

US Secretary of Defense Pete Hegseth was asked when congress was informed that President Trump had taken executive action to launch an offensive on Iran

Politics

3 w. ago US senator Alex Padilla criticizes ‘petty’ JD Vance for calling him ‘Jose’

‘He knows my name,’ says California Democrat, as Newsom condemns US vice-president and challenges him to debateJD Vance’s decision to refer to California US senator Alex Padilla by the name of a terrorist conspirator showed how “unserious” the Trump administration is, the lawmaker has said of the vice-president.“He knows my name – he knows my name,” Padilla told MSNBC’s The Weekend on Saturday, 12 days after the FBI forcibly removed him from a 12 June news conference hosted by US homeland security secretary Kristi Noem amid anti-immigration and customs enforcement (Ice) protests in Los Angeles. Continue reading...

Politics

3 w. ago Trump news at a glance: President praises attacks on Iran as lawmakers divided on US involvement

Trump calls attacks on Iranian nuclear sites a success, but some US lawmakers immediately called the attack unconstitutional. Key US politics stories from Saturday 21 JuneWashington was in a flurry late on Saturday as Donald Trump announced that the US had completed strikes on three nuclear sites in Iran, directly joining Israel’s effort to destroy the country’s nuclear program.American politicians reacted to the news of the US bombing of nuclear targets in Iran with a mix of cheering support and instant condemnation, reflecting deep divisions in the country, as Washington grapples with yet another military intervention overseas. Continue reading...

Politics

3 w. ago LA supervisor warns of ICE impersonators after masked men profile staffer’s godson

Alleged incident comes as California lawmakers push to ban federal agents from wearing masks amid aggressive Trump administration enforcement push

Events

4 w. ago US spies contradict Donald Trump as Iran 'not racing for nuclear weapon'

American officials and senior lawmakers have pushed back on Donald Trump's claims that Iran is weeks away from a nuclear weapon, suggesting they are not supported by available US intelligence

Events