Canada’s announcement comes despite a detente having been reached Tuesday over the threat of a 25% surcharge on U.S. electricity consumers.
Month: March 2025
The EU tariffs will impact up to $28 billion of U.S. exports once they are implemented next month.
February inflation cooled but remained elevated as total Consumer Price Index inflation decelerated to 2.8% from 3%. Fed interest rate cuts are expected by mid-2025.
Russian President Vladimir Putin is likely to try to drag out the timeline for agreeing to any such cessation of hostilities to make sure the most favorable terms possible are secured for Moscow, several people with knowledge of the situation said.
A House subcommittee hearing abruptly ended after a Republican lawmaker was confronted over misgendering Rep. Sarah McBride.
US consumer prices rose at the slowest pace in four months in February, offering some reprieve ahead of tariffs that are expected to drive costs higher. The consumer price index increased 0.2% after a sharp 0.5% advance in January. Airline fares and new car prices fell the most, while the prices for eggs and coffee rose the most. Bloomberg’s Michael McKee reports. (Source: Bloomberg)
The Trump administration’s steep workforce cuts at the Education Department include hundreds of attorneys, student aid workers and civil rights office staff, according to agency documents obtained by POLITICO.
Inflation dropped from 3% to 2.8% for the year ending in February, the Bureau of Labor Statistics reported Wednesday, a sign that price pressures are abating and might not be among the top economic risks facing the new Trump administration. Most economists had predicted that the consumer price index would fall a tenth of a percentage point after […]
Trump’s cuts to the Department of Education are part of a nearly long crusade by conservative Christian groups.