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Economy

California Scrambles to Keep Oil and Gas Companies From Leaving

California passes law allowing 2,000 new oil wells per year in Kern County to stop the oil and gas exodus.

IRS Releases Guidelines for ‘No Tax on Tips’

The Treasury Department and IRS released information surrounding the President Trump-backed policy of "no tax on tips."

Olive Garden Portions Shrink as Chain Tests New Menu Strategy

Darden Restaurants is rolling out a new test menu that trims Olive Garden portions at 40% of its locations, offering smaller servings at lower prices.

Federal Reserve Cuts Interest Rates

The Federal Reserve cut interest rates on Wednesday for the first time in 2025.

Housing Market Crisis Crushing the American Dream, Expert Warns

Real estate executive Dan Coakley warns the housing crisis is threatening the American Dream, with rising costs and low supply.

Tariff Revenue Reaches New High

Treasury Secretary Scott Bessent announced that tariff revenues exceeded $31 billion in August, a new high.

All Options on the Table for Russia Sanctions, Bessent Warns

Treasury Secretary Bessent warns all options are on the table as President Trump’s administration considers new sanctions against Russia.

‘Trump Accounts’ Promise to ‘Jump Start’ America’s Next Generation

The White House unveiled its detailed plan for the Trump Accounts as described under the "One Big Beautiful Bill."

India Pays the Price for Putin Alliance

President Trump’s 50% tariff on Indian imports took effect on August 27, marking a significant escalation in U.S.-India trade tensions.

Trump Furniture Tariff Probe Set to Bring Manufacturing Back to U.S.

President Trump announced a tariff investigation into furniture imports under Section 232, aiming to bring manufacturing and jobs.

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