Trump Wants Lower Rates. Firing Powell Could Push Them Higher.

Investors, not the Fed, control the interest rates that matter most to businesses and consumers. They might demand higher returns if the central bank’s independence comes into question.

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Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify

The Treasury secretary is breaking with tradition in publicly assailing the central bank’s policies as President Trump looks for its next leader.

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Will House Conservatives Cave Again on Trump’s Big Bill?

Fiscal hawks have repeatedly threatened to bring down their party’s agenda out of debt fears, only to back down after pressure from party leaders and President Trump.

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Some House Republicans Already Plan to Vote Against Trump’s Policy Bill

To meet the president’s Friday deadline, the speaker will have to corral his party into accepting a bill several have criticized.

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Senate G.O.P. Gambles Its Legacy and Political Fate on Bill

The sprawling legislation that Republicans expended extraordinary effort to muscle through the Senate was a high-stakes risk that is likely to have major consequences for the party and the country.

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Trump’s Big Policy Bill Puts U.S. on Perilous Fiscal Path

Among the most expensive pieces of legislation in years, the Republican legislation could reshape the country’s finances for a generation.

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G.O.P. Toils to Lock Down Senate Votes as Debate on Policy Bill Enters Third Day

Republican leaders were pushing for a final vote to pass their marquee tax cut and domestic policy legislation, but had yet to resolve major issues after an all-night session of voting and negotiations.

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The Dollar Has Its Worst Start to a Year Since 1973

It has continued to slide even as President Trump has backed down from his tariff threats and the U.S. stock market has recovered from its losses.

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Senate Bill Would Add at Least $3.3 Trillion to Debt, Budget Office Says

A new analysis showing the legislation would be far more expensive than the House version could complicate its chances of final passage in that chamber, where fiscal hawks have said the cost must not grow.

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Senator Ron Johnson Resists G.O.P. Megabill, Warning It Will Swell Debt

The Wisconsin Republican has toned down attacks on the measure in recent days, but a new report he released undermines party leaders’ claims that the legislation won’t add to federal deficits.

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