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Trump’s trade war doomed workers to ‘a whole career’ without a raise: economistPresident Donald Trump’s tariffs could leave American workers paying higher prices without the wage increases needed to keep up, according to economist Justin Wolfers, who warned that the financial damage could last an entire career. In his “Platypus Economics” Substack newsletter , Wolfers explained why Trump’s trade policies could have lasting…

Raw Story1d agoWhole story →

Economy trump trade war impact

Trump in Georgia Touts Manufacturing Gains as GOP Targets OssoffPresident Donald Trump touted his economic policies as bringing a manufacturing boom to Georgia as he sought to rally voters in a state hosting a crucial US Senate race in November’s midterm election.

Bloomberg1d agoWhole story →

Government georgia senate race

Trump Says There's Zero Chance of Replacing Susie Wiles"Balance of Power" focuses on the intersection of politics and global business. On today's show, Mick Mulvaney, former acting White House Chief of Staff and Co-Founder of the Freedom Caucus, says the Trump administration “set” Katie Zacharia “up to fail” by not giving her enough preparation before she began her five-day tenure as White House press…

Bloomberg1d agoWhole story →

Justice trump administration commentary

FAA, air traffic controllers’ union reach agreement on pay bumpThe Federal Aviation Administration and the union that represents air traffic controllers agreed to a deal on workforce changes in return for a much-anticipated 2.8% pay increase.

Spokane Spokesman-Review1d agoWhole story →

Build faa air traffic controller pay deal

DC Lawmakers Focus on Business, Wealth Taxes in Budget HearingDC lawmakers held a marathon hearing Friday to debate different revenue raisers to fill a projected $700 million budget gap next year, but most focused on measures to implement a business activity tax and wealth tax.

Bloomberg Tax News1d agoWhole story →

Economy dc budget hearing

Elon Musk’s Quiet Role in the Most Expensive Senate Race in HistoryElon Musk is single-handedly funding one of the largest super PACs backing Republican Attorney General Ken Paxton in the Texas Senate midterm election. Five hundred million dollars has been spent so far, making it the most expensive Senate race in history. According to Federal Election Commission reports filed Thursday, Musk made two multimillion-dollar…

The Daily Signal1d agoWhole story →

Government texas senate midterm election

A $2 trillion deficit looms over the midtermsThe federal budget deficit rose to nearly $2 trillion for the past fiscal year, which ended September 30, the Treasury Department reported Friday.

Cable News Network1d agoWhole story →

Government federal budget deficit report

Clark Calls for Lower Tariffs, More Legal ImmigrationSuzanne Clark, President and CEO of the US Chamber of Commerce, says businesses want greater certainty, including faster permitting, more legal immigration, lower tariffs and additional trade agreements to open markets and make supply chains more consistent. Clark says businesses are still seeing demand, but face labor shortages, particularly in…

Bloomberg1d agoWhole story →

Justice us chamber of commerce policy speech

Bloomberg Businessweek Daily Podcast: AI Jitters PersistThe people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Another burst of selling in technology companies rattled Wall Street on Friday, dragging down stocks as investors questioned the outlook for the artificial-intelligence trade. A rout in chipmakers extended into an eighth…

Bloomberg1d agoWhole story →

Judge Nixes Dougherty Electric’s Surviving Post-Fraud Refund BidThe Court of Federal Claims Friday dismissed the remainder of Dougherty Electric Inc.'s $1.53 million refund claim for interest and penalties it paid after the owner pleaded guilty to tax evasion because the company failed to state a viable claim.

Bloomberg Tax News1d agoWhole story →

Justice tax evasion ruling

Enforcement ‘surge’ from DOJ, IRS uncovers $490M in suspected tax fraudJustice and IRS officials said this won’t be the last tax fraud enforcement surge of its kind. But it's not yet clear how much money they'll claw back from suspected fraudsters.

Government Executive1d agoWhole story →

Government tax fraud enforcement surge

Trump puts new Russia sanctions passed by Congress on hold, saying waiver is in U.S. national interestWASHINGTON — President Donald Trump on Friday signed an executive order that puts on hold a sweeping new sanctions package targeting the Russian economy, telling Congress the pause was in the national interest. Trump had signed the legislation last month. Named after late South Carolina Sen. Lindsey Graham, the measure

Pittsburgh Tribune-Review1d agoWhole story →

Economy Lindsey Graham russia sanctions waiver

Trump Bought Millions in Drug Stocks Before Medicare Change—Democrat ReportUp to $39.1 million was held in companies that benefited from a provision of Republicans' 2025 tax and spending law.

Newsweek1d agoWhole story →

Health medicare policy change

AI Selloff, Oil & Treasury Yields Pressure MarketsThe Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Morgan Stanley Investment Management Senior Portfolio Manager Andrew Slimmon, Kansas City Fed Former President & CEO Thomas Hoenig, Maxim Group Senior Consumer Internet Analyst Tom Forte,…

Bloomberg1d agoWhole story →

5 midterm money takeaways: Democrats have candidate cash. Republicans have Elon MuskDemocrats outraise Republicans in key Congress races as Elon Musk funds Ken Paxton in Texas and GOP groups aligned with Trump.

CNBC1d agoWhole story →

Government midterm elections

Democrats say Trump increased investments in certain drugmakersA report from congressional Democrats found Trump's portfolio added millions of dollars in stocks from firms benefiting from his "big, beautiful bill."

NBC 5 Chicago1d agoSources (2)Whole story →

Health trump financial disclosures

How Apple Helped Build China’s Tech PowerApple’s rise into one of the world’s most valuable companies was powered in large part by China. However, that relationship came with enormous geopolitical consequences. Investigative journalist and former Financial Times reporter Patrick McGee joins Bloomberg Businessweek Daily to discuss his bestseller Apple in China: The Capture of the World’s…

Bloomberg1d agoWhole story →

Technology us china tech relations

Warsh Touts ‘Consequential’ AI, Trump Press Secretary Out After Five DaysFederal Reserve Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime, calling it a positive supply shock over the medium term. We get reaction from Bloomberg's Enda Curran. One flagship AI data center in Norway is six months behind schedule, with workers set to be housed in a floating…

Bloomberg1d agoWhole story →

Technology trump press secretary resignation

Fed Chair Warsh Says Price Stability Is Key but Shies Away From Signals About RatesBANGKOK (AP) — Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December.

U.S. News & World Report1d agoWhole story →

Economy fed rate decision

Trump Is So Desperate to Lower Gas Prices That He’s Throwing a Key U.S. Ally Under the BusAngsty about the looming midterms, Trump is lashing out at a U.S. ally.

Slate1d agoWhole story →

Economy midterm elections