Washington Financial News

While retailers hope to go big this holiday season, customers may notice that the catalogs arriving in their mailboxes are smaller

US Navy is transforming a costly flub into a potent weapon with the first shipborne hypersonic weapon, which is being retrofitted aboard the first of its three stealthy destroyers. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never activated because it was too expensive. Once the system is complete, the Zumwalt will provide a platform for conducting fast, precision strikes from greater distances, adding to the usefulness of the warship. «It was a costly blunder but the Navy could take victory from the jaws of defeat here, and get some utility out of them by making them into a hypersonic platform,» said Bryan Clark, a defense analyst at the Hudson Institute. The US has had several types of hypersonic weapons in development for the past two decades, but recent tests by both Russia and China have added pressure to the US military to hasten their production.

President-elect Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world

Vaping is coming before the Supreme Court next week as federal regulators ask the high court to uphold its block on sweet, flavored products following a spike in youth e-cigarette use

Subscribe to enjoy similar stories. Rebels in Syria launched a large-scale attack on Assad government forces, storming a military base and seizing control of swaths of territory in the country’s northwest in the first major outbreak of fighting between the two sides in recent years. The Syrian government said Thursday that its forces are confronting the continuing attack.

Subscribe to enjoy similar stories. When the Biden administration said in March that it supported legislation that could ban TikTok, Tony Sayegh jumped into action. Sayegh, the head of public affairs at one of TikTok’s biggest investors, had become an unofficial adviser to the Chinese-owned social-media giant as it navigates survival in the geopolitical crosshairs of the world’s two superpowers.

India's global trade story has long been shaped by its relationships with two of its largest partners: the United States and China. While these relationships have grown significantly over the past decade, they show stark contrasts that often remain as lesser-known facts, at least like Crisil called it in an investr note. India’s trade with the U.S. and China reached $120 billion and $118 billion respectively in fiscal 2024, doubling over the last decade. However, the similarity ends here, Crisil said, as it notes hat India has a $35.3 billion trade surplus with the U.S., while it faces an $85.1 billion trade deficit with China.

An angry Rudy Giuliani lost his cool in the courtroom Tuesday, lashing out at the judge overseeing his defamation payout, saying “I can’t pay my bills.”

In Silicon Valley, tech leaders are eagerly seeking positions or introductions to the department, even though for now it is not an actual part of government, but a loose grouping that Elon Musk named after an internet meme. On his social media platform, X, Musk posted a «Godfather»-style photo of himself as the «Dogefather,» asking government employees, «What did you get done this week?» And in Washington, a House subcommittee has been announced to help push through President-elect Donald Trump's vision, announced Nov. 12, for a department that would slash the $6.7 trillion federal budget.

Subscribe to enjoy similar stories. Doug Burgum, Chris Wright, Linda McMahon and Brendan CarrVivek Ramaswamy and Elon MuskMarco Rubio and Mike WaltzTulsi Gabbard and Pete HegsethLori Chavez-DeRemerRobert F. Kennedy Jr.

The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth

Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled

With Thanksgiving and the formal launch of the holiday shopping season, Americans will again be consumed with the annual trifecta of turkey, travel and transactions — lots of them

Donald Trump loved to use tariffs during his first presidency

President-elect Donald Trump is threatening tariffs on Mexico and Canada as he seeks to portray them as responsible for illegal immigration and drug smuggling

President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team

With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves

Subscribe to enjoy similar stories. WASHINGTON—President-elect Donald Trump’s brandishing of tariffs on goods from Canada, Mexico and China marks the passage from one era to another: Partnerships are out, and coercion is in. Trump is showing his second term will be much like his first, defined by the economic and diplomatic fights he picked with friends as well as foes.

weapons storage facility in Syria in response to an attack on American forces a day earlier. The US Central Command (CENTCOM) wrote on X that the strike aimed to «degrade their ability to plan and launch future attacks on US and Coalition forces who are in the region to conduct D-ISIS operations,» referring to a mission to target the Islamic State group. It said that there were no civilian casualties found during its assessment of the strike.

Americans’ outlook on the economy improved modestly in November, lifted by expectations for lower inflation and more hiring

Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning