Wednesday night, Trump signed the bill ending the longest government shutdown in American history — 43 days, resolved only after eight Senate Democrats broke ranks to advance a funding measure that gave Republicans almost everything they wanted and Democrats almost nothing they’d shut the government
Wednesday, the Federal Reserve cut its benchmark rate a quarter point to 3.75-4.00 percent — its second cut of the year, and the first time since the Fed’s rate-setting committee was created in the 1930s that officials set monetary policy missing an entire month of government employment data.
Monday, gold gave back some of the most extraordinary run in its modern history — up more than 50 percent for the year, a pace that outstrips the aftermath of September 11, the 2008 financial crisis, and the pandemic combined, before pulling back more than 3 percent in a single session, its steepest
Friday morning, the S&P 500 sat two points from a record high. By market close, $2 trillion in equity value had evaporated — triggered not by an economic report or a war, but by a single social media post accusing China of trying to hold the world “captive” with its rare earth supply.
One week into the shutdown, the National Economic Council’s own director put a number on the damage: roughly $15 billion lost per week, according to Kevin Hassett, an estimate his own administration would spend the following weeks trying to reconcile with its insistence that the shutdown was Democra
The government shut down at midnight Wednesday, the eleventh in modern history and the first since 2019 — and within hours, the White House wasn’t just furloughing workers. It was picking winners and losers by zip code.
Monday afternoon, with roughly thirty-six hours left before federal funding expired, Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries walked out of the White House and stood in front of cameras — a meeting that produced photographs, statements, and no actual deal.
Friday, the Supreme Court let the Trump administration keep $4 billion in foreign aid Congress had already appropriated — not by ruling the withholding was legal, but by letting a procedural trick outrun the calendar it was designed to dodge.
By Monday, the panic phase of the H-1B fee had passed, but the repricing hadn’t — trading desks and corporate HR departments alike spent the weekend running the same spreadsheet, and it kept returning the same answer: onshore skilled labor had just gotten structurally more expensive, in a way that d
Friday afternoon, without warning to the companies that would have to comply by Monday, Trump signed a proclamation imposing a $100,000 fee on new H-1B visa petitions — plus a separate “gold card” residency visa priced at $1 million for anyone who could simply afford it.
Wednesday’s rate cut was, on its face, unremarkable — a quarter point, taking the federal funds rate to 4.00-4.25 percent, exactly what markets had priced for weeks. What made the vote extraordinary was who was in the room casting it.
Tuesday, the Supreme Court granted certiorari to hear the tariff case that had already worked its way through two lower courts and one 7-4 appellate ruling — agreeing to a compressed briefing schedule with oral argument set for early November, a pace that signals the justices know exactly how much m
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