Washington Financial News

(Bloomberg) — Charities, diplomats and foreign officials around the world are frantically trying to figure out what will happen to the US agency that doles out over $40 billion in aid for everything from life-saving HIV programs in Africa to funding for Ukraine amid the Trump administration’s assault on a cornerstone of the country’s global influence.

Nevada ranked the second highest auto insurance rates in the country, according to Insurify.

Subscribe to enjoy similar stories. On President Trump’s inauguration day, Nvidia Chief Executive Jensen Huang wasn’t sitting by the president’s side at the Capitol like many tech moguls. He wasn’t invited, an Nvidia official said, so he had gone to Beijing.

KV Subramanian, Executive Director, IMF, says the finance minister stated that tax cuts will put around Rs 1 lakh crore in the hands of the middle class. Middle class savings are roughly 18%, and if we round it to 20%, it suggests that 80% of this amount will be spent. The consumption multiplier, which is the inverse of the savings rate, is about five. Therefore, we can anticipate a total increase in consumption of around Rs 5 lakh crore, which represents about 2.7% of GDP. The GDP growth estimate is at 6.3% on the lower end. Adding that 2.7% could bring the total to 9%, and even with some overestimation, a growth rate near 8%, definitely above 7%. What a Budget it turned out to be! What were the key bullet points that stuck with you from the Budget this time? KV Subramanian: I have had an all-nighter here watching the Budget in Washington DC. And I think there are a few aspects that are really worth mentioning. As I tweeted just after the Budget, I did a quick analysis of the impact of the personal income tax rate cut on overall consumption and thereby on GDP. I think this is an aspect that is quite important. Unlike, for instance, infrastructure where the impact of that persists over many years, the impact of a personal income tax rate cut, which actually affects consumption, will be there for this year. But I think that impact is going to be large.

Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China

Subscribe to enjoy similar stories. Two weeks into his second term, US president Donald Trump kept his word and slapped tariffs on imports from Canada, Mexico and China on 1 February. Mint looks at the fallout from this move on the affected nations and rest of the world.

Costco and the Teamsters union have reached a tentative agreement on a new contract, avoiding a strike

UK Prime Minister Keir Starmer's summer of international travel has reportedly cost the taxpayers nearly £700,000 as it is being revealed by the transparency data from the Cabinet Office, reported Daily Mail.

Canada and Mexico say they’ve prepared the option of retaliatory tariffs to be used if necessary now that the White House says the U.S. will put in place 25% tariffs on imports from them this weekend

Subscribe to enjoy similar stories. Put aside the claims that can’t be confirmed. What kind of presumably second-rate chips did it use? How little did it spend training its derivative large language model? Likewise, if analysts at Washington’s Center for Strategic and International Studies are correct, DeepSeek trained itself on information illicitly gleaned as an enterprise client of America’s pioneering OpenAI.

The 25% tax that President Donald Trump plans to slap as soon as Saturday on imports from Canada and Mexico could drive up the price of everything from gasoline to pickup trucks to the guacamole dip that features so prominently at American Super Bowl p...

WASHINGTON — United States President Donald Trump will implement 25 per cent tariffs on Canadian imports on Saturday as promised, White House Press Secretary Karoline Leavitt said Friday.

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts

A trio of federal cabinet ministers is in Washington Friday making a last-ditch attempt to stop U.S. President Donald Trump from imposing economically devastating tariffs on Canadian imports.

Black Hawk helicopter may have been flying above its permitted altitude before its collision with a passenger plane near Reagan National Airport.

Elon Musk is seemingly taking the «efficiency» part of his new role very seriously. The Donald Trump ally, who was appointed as head of the Department of Government Efficiency (DOGE), told multiple associates that he’s been sleeping at the DOGE headquarters, Wired reported. DOGE is based out of the Eisenhower Executive Office Building, just steps from the White House.

President Donald Trump’s abrupt freeze of U.S. foreign aid is sending shockwaves through Eastern Europe

Narendra Modi’s visit to Washington DC.

OpenAI is in talks to raise up to $40 billion in a funding round that would lift the artificial intelligence company's valuation to as high as $340 billion, CNBC has confirmed.