Economy

Vice President-elect JD Vance has sharply criticized the Biden administration, labeling its economic and policy legacy as a "dumpster fire" during an appearance on Fox News Sunday. Vance’s remarks come as President-elect Donald Trump prepares to assume office after a contentious election.

Meta told employees that it plans to end programs supporting diversity, equity, and inclusion (DEI) initiatives.

California lawmakers convened Thursday for a special legislative session to focus on "Trump-proofing" the state.

JPMorgan Chase is the latest major financial entity to leave the Net-Zero Banking Alliance.

House Republicans are renewing efforts to introduce a national sales tax and abolish the Internal Revenue Service (IRS), framing the measure as a way to ensure illegal immigrants contribute taxes. Representative Buddy Carter (R-GA) will unveil the FairTax Act of 2025 on Thursday, a bill designed to overhaul the U.S. tax system by replacing the federal income tax with a 23% national sales tax.

Bipartisan senators have reintroduced a bill that would make Daylight Saving Time permanent.

U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.

The election of Donald Trump to a second presidential term is fueling a wave of economic optimism, with business confidence reaching its highest level in 18 months. S&P Global’s latest data reveals accelerated growth across the services sector, underscoring the positive impact of Trump’s anticipated pro-business policies.

President Joe Biden is reportedly preparing to ban offshore oil drilling, according to Bloomberg.

California's newest U.S. Senator, Adam Schiff (D), has been assigned to four committees, including the Senate Judiciary Committee.