Author: Leslie Stewart

A bronze statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters in Washington, DC, on April 24, 2025.J. David Ake | Getty Images News | Getty ImagesThe U.S. budget deficit in 2025 has narrowed slightly, the Treasury Department said Thursday, as record tariff collections offset unprecedented government debt payments.In a year marked by a painful trade war and high financing costs, the federal government managed to come away with a $1.78 trillion shortfall, about $41 billion (2.2%) less than in fiscal year 2024.This remains the highest level in history,…

Hamas acknowledged the problem, saying on Wednesday that the remaining groups needed “huge efforts and special equipment for search and recovery.”Early Thursday morning, Israel identified the two latest bodies returned from Hamas as Inbal Heyman and Sergeant John Rodger. Major Muhammad Al-Attarash. Funeral services are being held as the deceased hostages are being returned.Israeli Defense Minister Israel Katz on Wednesday told senior Israeli Defense Forces commanders to prepare a military plan to defeat Hamas if the militant group refuses to implement President Trump’s peace plan, according to his spokesman.”Hamas must return all dead hostages in its possession,” the spokesperson said,…

Unterre Schleuse wooden bridge in Thun, Switzerland.Educational Images | Universal Images Group | Getty ImagesThe Swiss government on Thursday cut its economic forecast for 2026, saying the Trump administration’s tariffs were putting a “huge burden” on the country’s industry.Officials maintained their forecast for Switzerland’s economy to grow by 1.3% this year, but noted that this level of economic growth was “well below average” for the country. Next year, gross domestic product (GDP) growth is expected to slow to 0.9%, a downward revision from the previous forecast of 1.2% growth in 2026.”The U.S. tariff increase has made the outlook for the…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingRat-shaped hole in Chicago sidewalk wasn’t made by a rat00:15to the nextPope trolls Chicago Cubs fans at Vatican00:12Italy’s oldest bartender still serving drinks at 100 years old00:49Former Jets player publicly pleads for kidney donor00:30President Trump makes San Francisco a target of federal crackdown00:23Hegseth’s plane makes emergency landing in UK00:25Aid trucks arrive in southern Gaza00:312,300-pound pumpkin wins first prize in California00:15Report finds that some protein powders contain levels of lead00:194,270-year-old human skull discovered in Indiana00:27Zelenskiy revokes Odessa mayor’s Ukrainian citizenship00:22Wetsuits that protect against shark bites…

Pfizer CEO Albert Bourla, Wells Fargo & Company CEO Charlie Scharf, and Northrop Grumman Chairman and CEO Kathy Worden speak at the October 15, 2025 Invest in America Forum.Aaron Clammage | CNBCwells fargo CEO Charlie Scharf and pfizer CEO Albert Bourla on Wednesday sounded the alarm about the U.S. potentially losing its competitive edge against China, but said artificial intelligence could help the U.S. maintain its lead.Speaking at CNBC’s inaugural U.S. Investment Forum in Washington, D.C., both executives said that while the United States still leads in many areas, it is losing ground to China due to inconsistent policies and…

Shoppers in Walnut Creek, California, USA on Tuesday, October 7, 2025. David Paul Morris | Bloomberg | Getty ImagesPresident Donald Trump’s tariffs have left companies torn between absorbing costs and passing them on to customers, causing inflation to rise across the board, the Federal Reserve said in a Wednesday report.The central bank’s Beige Book periodic report, typically published eight times a year at about six-week intervals, classifies overall economic growth as “little changed” since its last report on Sept. 3. The labor market is “mostly stable” as demand is “subdued” in most of the Fed’s 12 districts.But when it comes…

IE11 is not supported. For the best experience, please visit our site in a different browser.National average for gas prices could soon drop below $3: Report01:58Video shows man bombing Pennsylvania governor’s home02:03American Airlines plane returns to Los Angeles with smoke filling the cabin00:49Federal agents deploy tear gas in clash with Chicago protesters02:03Currently playingPresident Trump hints at further layoffs on 15th day of government shutdown01:58to the nextIsrael threatens to delay aid to Gaza over new conflict02:15Pope Leo was spotted improving his German on Duolingo01:39Andrew Ross Sorkin talks about the stock market crash in his new book 192905:06Small plane crashes on Massachusetts…

IE11 is not supported. For the best experience, please visit our site in a different browser.Currently playingBroadway faces possible closure00:18to the nextThe remains of four more Israeli hostages are returned.00:25Armed federal agents clash with crowd in Chicago01:00Vaccination rates and herd immunity01:21Art installation that recreates the Israeli hostage experience00:47Hundreds of students quarantined during measles outbreak01:49New video shows arson attack on Pennsylvania Governor Shapiro’s home00:52President Trump warns Hamas to lay down arms01:08Air traffic controllers discuss impact of government shutdown01:06Home security video shows possible Kansas kidnapping00:25Grammy Award-winning R&B soul star D’Angelo dies at 5100:16Shapiro says arson suspect pleads guilty01:03Smithsonian’s panda camera goes dark…

Shoppers look at fruit on sale at Frank’s Quality Produce Company at Pike Place Market on Wednesday, May 28, 2025 in Seattle, Washington, USA. M. Scott Braugher | Bloomberg | Getty ImagesData shows that Americans have vastly different views about the economy, and that divergence is driven in part by income bracket.JPMorgan’s Cost of Living Survey found that higher-income consumers were more likely to report stronger economic confidence when asked to think about next year in light of post-election changes.The announcement adds to a growing body of qualitative and quantitative evidence that the U.S. economy is “K-shaped” (a term economists…

US Federal Reserve Chairman Jerome Powell during a press conference after the Federal Open Market Committee (FOMC) on Wednesday, September 17, 2025 in Washington, DC, USA. Kent Nishimura | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powell on Tuesday suggested the central bank is nearing the point where it will stop reducing its bond holdings and offered several hints that further rate cuts are possible.Powell presented a paper at the National Association for Business Economics conference in Philadelphia on where the Fed stands on “quantitative tightening,” or efforts to reduce the more than $6 trillion in securities it holds on…