"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Semiconductor stocks and shares of Apple slid on Friday after President Donald Trump said U.S. companies should "immediately start looking for an alternative" to their...Technologyread more
Yields slipped after Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.The Fedread more
President Trump again rips into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.Politicsread more
China says the new tariffs will begin Sept. 1 and Dec. 15. That's when President Trump's latest tariffs on Chinese goods are to take effect.Marketsread more
In a series of tweets Friday, Trump called on American companies to look for "an alternative to China," singling out FedEx, UPS, Amazon and the U.S. Postal Service...Transportationread more
The Koch brothers financed one of the most influential political networks in the modern era. The sprawling political empire includes conservative and libertarian nonprofits...Politicsread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
President Donald Trump has made an enormous bet that takes the entire Republican agenda hostage and could even shorten his time in office.
His bet is that now, with James Comey under fire across the political spectrum, he could fire the FBI director investigating his campaign and associates with a minimum of blowback.
The muted initial reaction from many Republicans offered encouragement to the White House. But subsequent criticism, as the news sank in, from the Republican senator leading the Senate Intelligence Committee investigation and others underscored the risks facing Trump.
Foremost among them, in the short term, is that Trump's decision represents a tipping point for Republican lawmakers who have looked past the president's behavior to pursue goals on issues such as health care, tax cuts and deregulation of American business.
Heat from their constituents, visible so far in Trump's weak poll ratings and in raucous town hall gatherings, can paralyze congressional majorities — especially those as thin as the GOP's 52-48 edge in the Senate.
The more easily controllable House barely passed the American Health Care Act last week. The troubled effort to repeal and replace Obamacare has put off the effort to pass tax cuts, placing both priorities in jeopardy.
For Trump, the long-term threat is greater. His abrupt move, by prompting questions about the "rule of law" in the words of Democratic Senate Intelligence Committee co-chair Mark Warner, will stoke unease or even outright opposition to the president in major American institutions, the career government services and on the campaign trail as members of Congress prepare for the 2018 mid-term elections.
In special election contests already, Democrats have commanded unusual energy and vote totals in Republican-leaning districts. The June 20 runoff for a Georgia House seat Republicans have held for decades will provide an early indication of Democrats' ability to compete next year for control of the speaker's gavel, which appeared highly unlikely just a few months ago.
Mid-term election handicappers note the potential for a political "wave" mirroring the 2006 Democratic sweep and 2010 Republican landslide. Another one in 2018 could bring Nancy Pelosi back as House speaker.
If that happens, recent history gives Trump and the GOP reasons for grave concern. In what came to be known as the "Saturday Night Massacre," President Richard Nixon fired Watergate special prosecutor Archibald Cox in October 1973.
The process of impeachment began in the Democratic-controlled House less than four months later. When Nixon's Republican support in the Senate collapsed six months later, he became the only president to resign his office. So far.