U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month, signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.
President Donald Trump has signed into law legislation funding the government through the end of September, ending the threat of a partial government shutdown and capping off a struggle in Congress that deeply divided Democrats.
Gold prices hit a record high as concerns about the Trump Administration’s tariffs increase.
The Senate finds itself on Friday in a familiar position, working to avoid a partial government shutdown with just hours to spare as Democrats confront two painful options: allowing passage of a bill they believe gives President Donald Trump vast discretion on spending decisions or voting no and letting a funding lapse ensue.
Americans are growing more concerned about the economy.
A day before a shutdown deadline, Senate Democrats are mounting a last-ditch protest over a Republican-led government funding bill that already passed the House but failed to slap any limits on President Donald Trump and billionaire Elon Musk’s efforts to gut federal operations.
The U.S. stock market is falling Thursday, even after getting a double-shot of encouraging news on the economy.
The construction industry uses about one-third of all U.S. steel shipments, more than any other industry, according to the Council on Foreign Relations.
A familiar scene has played out over and over in the U.S. House: Republicans, unable to approve federal funding legislation on their own, edge toward a risky government shutdown, until Democrats swoop in with the votes needed to prevent catastrophic disruptions.
President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.
