US Politics & Business News
Read the latest news about U.S. politics today at Congress.net
More than five years after departing the Trump White House, Kellyanne Conway remains one of the most visible figures in Republican political circles, splitting her time between media commentary, corporate consulting, and high-profile speaking engagements. Conway served as Senior Counselor to the President during the first Trump administration from 2017 to 2020, and made history…
Acting IRS commissioner Scott Bessent has announced a “gigantic” tax refund for millions of Americans due to President Donald Trump’s One Big Beautiful Bill Act. Millions of Americans filing their 2025 federal tax returns this spring are receiving significantly larger refunds than in previous years, with Treasury Secretary Scott Bessent predicting what he called a…
The Federal Reserve’s decision to hold its benchmark interest rate in the 3.5% to 3.75% range on Wednesday was the most anticipated non-event of the year — until Jerome Powell started talking. What followed his opening remarks sent traders scrambling for the exits in a session that turned a routine hold into a full-blown risk-off…
When Donald Trump returned to the White House in January 2025, Republicans didn’t just win an election — they inherited unified control of government and, with it, a mandate they treated as a license to govern at speed. Fourteen months later, the party looks considerably different from the one that swept into power, and not…
The Trump administration has invoked the Defense Production Act of 1950, a Cold War-era emergency statute, to direct Sable Offshore Corp. to restart a pipeline and offshore oil operation along the Santa Barbara coast that has been shut since a rupture in 2015. Energy Secretary Chris Wright issued the order on Friday, framing it as…
Officials within the Trump administration have reportedly decided against using the U.S. Treasury Department to trade oil futures contracts as a method of influencing energy markets for the time being. The possibility had been discussed internally as oil prices surged following the outbreak of conflict involving Iran, which has raised concerns about potential disruptions to…
For citizens of the United States seeking to establish long‑term residence in the European Union, multiple legal pathways exist — each governed by distinct national frameworks and, in some cases, overarching EU directives. Navigating these pathways requires careful consideration of residency categories, investment thresholds, employment conditions and integration criteria. Employment‑Based and Long‑Term Resident Status Under…
Jamie Dimon, CEO of JPMorgan Chase, spoke at an investor meeting on Monday about the bank’s plans to redeploy staff as artificial intelligence reshapes roles, while urging society to prepare for broader economic consequences. Dimon explained that the bank is implementing significant internal measures to shift employees into new positions, ensuring displaced staff from automation…
Nvidia has cautioned that a global shortage of gaming chips may continue until the end of the year, compounding pressures already weighing on the video game industry. The warning came from finance chief Colette Kress during the company’s quarterly earnings call, where executives acknowledged persistent supply tightness despite robust overall demand. “As much as we…
Merrill Lynch Kingdom of Saudi Arabia is set to halt its market-making activities for Saudi Arabian Oil Co from February 8, following approval from the Saudi Exchange. The exchange confirmed the decision in a formal notice, marking a notable shift in trading dynamics for one of the region’s most closely watched stocks. Why Market-Making Matters…