These days Republicans and Democrats can’t seem to agree on, well, anything. But suddenly, a bi-partisan consensus is building in support of new laws that would put deficits on a sustained path to a specific goal: lowering the gulf between revenues and outlays by roughly half, to 3% of GDP. The groundswell started in earnest…
Gold and silver prices rose as U.S. Treasury bond yields fell after December retail sales growth stalled, signaling a softening economy ahead of key jobs data. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Gold’s wild price swings in recent weeks are increasingly being linked to speculative trading in China by some analysts, with…
The logo and lettering of online retailer Amazon can be seen on the façade of Amazon Germany’s headquarters. Sven Hoppe | Picture Alliance | Getty Images Amazon is following in the footsteps of fellow tech giant Microsoft, and not in a good way. Shares of the e-commerce and cloud giant plunged more than 11% in…
A House Financial Services Committee hearing descended into chaos and personal invective on Tuesday as Treasury Secretary Scott Bessent clashed with Ranking Member Maxine Waters (D-CA) over the economic impact of President Trump’s tariff policies. The heated exchange, ostensibly about inflation and housing costs, culminated in a tense standoff where Waters repeatedly silenced the Secretary,…