Trump Team Now Claims Its Trillions in Tariff Revenue Are ‘Incidental’

In arguments before the Supreme Court, the White House backed away from its claims that President Trump’s tariffs were about raising revenue.

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Bonds Should Be Boring. But They’ve Been on a Roller Coaster.

Despite reassuring bond returns lately, troubles abound in what was once a sleepy haven for risk-averse investors.

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How Lutnick Is Using Government Power to Pressure Private Companies

Commerce Secretary Howard Lutnick has been putting the squeeze on companies and trading partners in an unusual effort to raise revenue and expand the president’s role over the economy.

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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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