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Trump administration ends lease for consumer protection bureau's headquarters, records show

Trump administration ends lease for consumer protection bureau's headquarters, records show

By Douglas Gillison WASHINGTON, April 15 (Reuters) - The U.S.
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Fed's regional banks may be key front in battle for independence

Fed's regional banks may be key front in battle for independence

By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, April 15 (Reuters) - San Francisco Federal Reserve President Mary Daly wasn't elected by popular vote, wasn't chosen by an elected official, didn't compete against a publicly revealed slate of applicants and didn't undergo any public
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Immigration Crackdown Intensifies U.S. Worker Shortage Crisis

Immigration Crackdown Intensifies U.S. Worker Shortage Crisis

The Trump administration's stringent immigration policies have significantly contributed to a growing worker shortage in the United States. In 2025, nearly 3 million individuals left the U.S., with 2.2 million self-deporting and 675,000 being removed by law enforcement. These individuals were primarily economic migrants rather than criminals. The administration has also implemented measures to restrict legal immigration, including pausing green card issuance for 75 countries and increasing fees for H-1B visas. This has led to a decline in applications and exacerbated labor shortages in various sectors, including technology and hospitality.
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Exclusive-US to allow waiver on Iran oil to expire, administration sources say

Exclusive-US to allow waiver on Iran oil to expire, administration sources say

By Timothy Gardner and Andrea Shalal WASHINGTON, April 14 (Reuters) - The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, two administration officials told Reuters on Tuesday, as the U.S. imposes a blockade on shipments from Iranian ports
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IMLS Survives Legal Challenge but Faces Budget Threats Under Trump Administration

IMLS Survives Legal Challenge but Faces Budget Threats Under Trump Administration

The Institute of Museum and Library Services (IMLS) has survived a legal challenge against President Trump's efforts to eliminate the agency. The U.S. Department of Justice reached a settlement with the American Federation of State, County and Municipal Employees union and the American Library Association, allowing the IMLS to continue its work. However, the agency remains under threat as Trump's proposed 2027 federal budget seeks to eliminate its funding. This is part of a broader pattern of attempts to cut funding for cultural institutions, including the National Endowment for the Arts and the National Endowment for the Humanities.
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ICE Detains 86-Year-Old French Woman After US Veteran Husband Dies, Raising Concerns

ICE Detains 86-Year-Old French Woman After US Veteran Husband Dies, Raising Concerns

An 86-year-old French woman, Marie-Thérèse, was detained by Immigration and Customs Enforcement (ICE) in Anniston, Alabama, following the death of her U.S. veteran husband. She is currently held in a Louisiana detention center. Marie-Thérèse entered the U.S. under the Visa Waiver Program in June 2025, which allowed her a 90-day stay. Her detention has sparked concerns due to her age and health, as well as her pending green card application. The Department of Homeland Security (DHS) confirmed her arrest, citing her overstay as the reason. This incident highlights the intensified immigration enforcement under President Trump's second term, which has included actions against families of U.S. service members.
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U.S. Ends Sanctions Waiver on Iranian Oil, Intensifying Economic Pressure

U.S. Ends Sanctions Waiver on Iranian Oil, Intensifying Economic Pressure

The United States has decided not to renew a 30-day waiver of sanctions on Iranian oil, which is set to expire this week. This decision is part of a broader strategy to impose a blockade on shipments from Iranian ports. The waiver, initially issued by the Treasury Department on March 20, allowed approximately 140 million barrels of oil to reach global markets, alleviating some pressure on energy supplies during the ongoing conflict with Iran. The Trump administration has consistently applied 'maximum pressure' on Iran, targeting its nuclear program and support for militants in the Middle East. Despite these efforts, sanctioned oil has continued to reach China. The expiration of the waiver marks the end of the administration's controversial approach to using sanctions waivers to stabilize global energy prices, which have surged since the U.S. and Israeli military actions against Iran began.
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Trump Administration to Resume Flying Pride Flag at Stonewall Monument

Trump Administration to Resume Flying Pride Flag at Stonewall Monument

The Trump administration has agreed to resume flying the rainbow Pride flag at the Stonewall National Monument in New York City. This decision reverses a previous action taken in February to remove the flag, which had sparked a lawsuit from LGBTQ+ and historic preservation groups. The agreement, which still requires judicial approval, stipulates that the Pride flag will be displayed alongside the U.S. and Park Service flags. The Stonewall National Monument, established in 2016, commemorates the site of the 1969 Stonewall riots, a pivotal event in the LGBTQ+ rights movement. The flag's removal had been seen as part of a broader effort by the Trump administration to alter or remove materials deemed divisive or partisan.
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Bessent says core inflation is going down, Fed will need to cut rates

Bessent says core inflation is going down, Fed will need to cut rates

By Andrea Shalal WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its interest rates.
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President Trump Influences Climate Discussions at Global Finance Talks

President Trump Influences Climate Discussions at Global Finance Talks

At the International Monetary Fund and World Bank Group spring meetings, discussions on climate finance have been overshadowed by U.S. policy under President Trump. The U.S. Treasury Secretary, Scott Bessent, has pushed for the removal of climate finance targets from the World Bank's aims, advocating for an 'all-of-the-above' energy approach that includes fossil fuels. This stance has caused concern among other countries and international finance institutions, as it may hinder efforts to address the climate crisis. The U.S., as the largest shareholder in the World Bank, holds significant influence over its policies.
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Treasury chief says US growth may exceed 3% or 3.5% this year despite Iran war

Treasury chief says US growth may exceed 3% or 3.5% this year despite Iran war

By Kanishka Singh WASHINGTON, April 14 (Reuters) - Treasury Secretary Scott Bessent said on Tuesday the underlying U.S. economy remained strong and that growth could still exceed 3% or 3.5% this year despite the impact of the U.S.-Israeli war on Iran.
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Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices

Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices

Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices