The tit-for-tat trade war between China and the United States has deescalated for the first time since President Donald Trump took office, as the two countries announced Monday morning that they will temporarily lower their respective tariffs.
The Trump administration released an outline of its 2026 federal budget proposal on Friday, and it calls for steep cuts to the U.S. Department of Housing and Urban Development (HUD).
The nomination of Jonathan McKernan to lead the besieged Consumer Financial Protection Bureau (CFPB) remains uncertain. While his nomination was passed out of the Senate Banking Committee nearly two months ago, it has remained on the executive calendar of the Senate without being scheduled for a vote.