President Trump is threatening a 50% tax on all imports from the EU as well as a 25% tariff on Apple products unless iPhones are made in America.

U.S. Treasury Secretary Scott Bessent testifies before a House Appropriations Financial Services Subcommittee oversight hearing on "The United States Air Force and Space Force," on Capitol Hill in Washington,

President Donald Trump cut a deal with blue-state Republicans on taxes and put down an 11th-hour rebellion by conservatives over spending to get his “one big, beautiful bill” passed by the House.

The bond vigilantes were stalking global debt markets on Thursday, keeping the dollar and stocks subdued too, ahead of a crucial vote in the United States on President Donald Trump's "big beautiful" tax bill.

The court indicated its decision doesn’t necessarily apply to the central bank and Chairman Jerome Powell — a frequent target of Trump’s criticism on economic matters.

The Supreme Court ruled Thursday in favor of President Donald Trump's firing of two Democratic board members of independent oversight agencies as litigation over their removal continues.

A U.S. Supreme Court May 22 ruling in a legal battle over President Donald Trump's firing of two federal labor board members contained a line that eased, for now, worries that the cases could open the door for Trump to fire Federal Reserve Chair Jerome Powell at will.