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Watch live: Treasury hopeful Scott Bessent testifies at Senate confirmation hearing
Billionaire investor Scott Bessent, President-Trump's pick to head the Treasury Department, will testify before the Senate Finance Committee on Thursday morning. During the confirmation hearing, ...The Hill - Jan. 16 -
Biden delivers farewell address to the Department of Defense
Watch live coverage as President Biden delivers his farewell address as commander in chief to the Department of Defense.NBC News - Jan. 16 -
What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today
Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.The New York Times - Jan. 16 -
L.A. Fire Department officials face criticism over early wildfire response
The most dangerous of the winds in Southern California will be dying down over the next few hours, giving firefighters a much-needed break. Jonathan Vigliotti has new reporting on how some of them ...CBS News - Jan. 15 -
Treasury Says Pandemic Spending Saved Jobs
Treasury Secretary Janet Yellen said the Biden administration’s stimulus checks reduced major downside risks.Inc. - Jan. 15 -
Transportation Department sues Southwest for 'chronically delayed flights'
The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights.NBC News - Jan. 15 -
Pacific Palisades residents sue Los Angeles department of water and power
A group of Pacific Palisades residents and businesses impacted by the Palisades Fire has filed a lawsuit in Los Angeles against the city's Department of Water and Power.ABC News - Jan. 15 -
Proenza Schouler Designers Depart in Further Fashion World Tumult
After a year of major creative change, a new round of musical chairs has begun.The New York Times - Jan. 15 -
Chris Mason: Political heat map flashes red over Treasury
The BBC's political editor explains the headaches the Treasury is giving Sir Keir Starmer.BBC News - Jan. 15 -
Trump's Canada and Greenland Threats Imperil China Fight, Says Departing Envoy
Nicholas Burns, the U.S. ambassador to China, also said he was leaving his post with deep concerns about the future of relations with China.The Wall Street Journal - Jan. 15 -
Treasury yields finish lower after mild producer-price reading for December
Two- and 10-year Treasury yields declined by the most of any 2025 trading session on Tuesday, after a tamer-than-expected reading from the December producer-price index.MarketWatch - Jan. 14 -
Top BlackRock executive Mark Wiedman to depart
Move scrambles asset management giant’s plans to eventually replace founder Larry FinkFinancial Times - Jan. 14 -
Watch live: Biden delivers foreign address at State Department
President Biden is beginning his farewell tour around Washington this week with an address on Monday at the State Department to highlight his work on foreign policy during his presidency. Biden is ...The Hill - Jan. 13 -
Biden to reflect on foreign policy legacy in remarks at State Department Monday
President Biden on Monday will deliver remarks at the State Department about his administration's foreign policy legacy as a whole and what the White House calls his efforts to strengthen the ...CBS News - Jan. 13 -
Hoda Kotb Departs NBC’s ‘Today’ Amid Lots of Praise and Tears
Special guests, including Simone Biles and Oprah Winfrey, offered tributes to the longtime host, capping off a week that “Today” had called a “Hoda-bration!”The New York Times - Jan. 13 -
Bessent to divest from assets on road to leading Treasury
President-elect Trump’s Treasury Secretary pick Scott Bessent has plans to divest from funds and other investments as he prepares to take over as the country’s top economic official. In an ...The Hill - Jan. 13 -
Los Angeles Fire Department budget sustained cuts but saw overall increase
Los Angeles Fire Department budget sustained cuts but saw an overall increase.ABC News - Jan. 11 -
Jack Smith resigns from US justice department as special counsel
Smith, who tried to prosecute Donald Trump over classified documents and US Capitol riot, stepped down Friday. Jack Smith, the justice department’s special counsel assigned to oversee two criminal ...The Guardian - Jan. 11 -
Scott Bessent, Trump’s Billionaire Treasury Pick, Will Shed Assets to Avoid Conflicts
Financial disclosure forms show hundreds of millions of assets including property in the Bahamas and investments in Bitcoin and bets against China’s currency.The New York Times - Jan. 11 -
Major corporations are rushing to issue bonds as Treasury yields spike
Higher bond yields are spooking stocks, but retirees are helping to drive demand for annuities and corporate debt.MarketWatch - Jan. 11 -
Justice Department finds Tulsa Race Massacre was ‘systemic’ and ‘coordinated’
The Department of Justice found in a newly released report that though the Tulsa Race Massacre was a “systematic” and “coordinated” attack that transcended mere mob violence, any legal ...The Hill - Jan. 10 -
Newsom calls for independent investigation of LA Department of Water and Power
California Gov. Gavin Newsom (D) called for an independent investigation of the Los Angeles Department Water and Power on Friday amid reported water supply issues during this week's wildfires. In ...The Hill - Jan. 10 -
Treasury yields jump after US jobs report smashes expectations
Bank of America says ‘gangbusters’ figures will dash hopes for further Federal Reserve rate cutsFinancial Times - Jan. 10 -
Trump announces new ambassador, Justice Department, VA nominees
President-elect Trump announced on Thursday his latest batch of presumptive nominees to serve in his forthcoming administration. Trump announced his pick of Christine Jack Toretti, Pennsylvania’s ...The Hill - Jan. 10 -
Is a Macy’s near you closing? Beleaguered department store is closing 66 locations.
Macy’s Inc. unveils a list of more than 60 stores slated to close this year as the retailer struggles to right itself amid diminishing foot traffic at remaining stores and breathe new life into its ...MarketWatch - Jan. 9 -
BlackRock departs climate investment group
Asset management firm BlackRock is leaving a climate-focused investing group, the group confirmed. “We are disappointed to see any investor withdraw, but as a voluntary initiative, we respect any ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - Jan. 9 -
Treasury yields fall in shortened trading session
U.S. Treasury yields fell during a shortened trading session as the bonds market will close early in honor of the late former U.S. President Jimmy Carter.CNBC - Jan. 9 -
Demystifying the Department of Government Efficiency
This week we break down the new government committee being led by Elon Musk and Vivek Ramaswamy.Wired - Jan. 9 -
Can the Justice Department Survive a Trump Wrecking Ball?
Over the next four years, the rule of law will face a profound test.The New York Times - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
Why a 5% 10-year Treasury yield could be a buying opportunity
Investors may look back and “see points in time” when Treasury yields were approaching 5% and investors should have been buying, according to PGIM’s head of global bonds.MarketWatch - Jan. 9 -
Treasury: Covid Stimulus May Have Contributed to Inflation
Treasury secretary Janet Yellen said spending could have have contributed ‘a little bit’ to rising inflation.Inc. - Jan. 8 -
Treasury yield curve steepens for all the wrong reasons
Investors continued to sell off the 30-year Treasury bond for a sixth straight session on Wednesday, pushing its yield further into its highest closing level in more than a year.MarketWatch - Jan. 8