The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
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The officials are set to answer questions at the Louisville, Kentucky event.
Republican leaders want to start moving tax reform legislation through Congress when lawmakers return from their August recess. They hope to pass a bill by the end of the year — a potentially tall order as they face a packed legislative schedule and confusion in the White House.
Mnuchin has faced pressure to step down following President Donald Trump's divisive response to violence at a white supremacist rally in Charlottesville, Virginia. Urged by hundreds of Yale classmates to resign, Mnuchin on Saturday condemned the white supremacists and said they do not have any defense "from the president or this administration."
"I don't believe the allegations against the president are accurate, and I believe that having highly talented men and women in our country surrounding the president in his administration should be reassuring to you and all the American people," he said in a statement.
Trump's response to Charlottesville and his public feuds with McConnell and other senators have led some observers to conclude that Congress may shrug off the president's demands during the tax reform process.