Day: March 12, 2025

Canada’s announcement comes despite a detente having been reached Tuesday over the threat of a 25% surcharge on U.S. electricity consumers.

Lawyers for Mahmoud Khalil, arrested for pro-Palestinian protests, face off with feds seeking his deportation in court today. Follow Newsweek’s live blog.

February inflation cooled but remained elevated as total Consumer Price Index inflation decelerated to 2.8% from 3%. Fed interest rate cuts are expected by mid-2025.

US consumer prices rose at the slowest pace in four months in February, offering some reprieve ahead of tariffs that are expected to drive costs higher. The consumer price index increased 0.2% after a sharp 0.5% advance in January. Airline fares and new car prices fell the most, while the prices for eggs and coffee rose the most. Bloomberg’s Michael McKee reports. (Source: Bloomberg)

The Trump administration’s steep workforce cuts at the Education Department include hundreds of attorneys, student aid workers and civil rights office staff, according to agency documents obtained by POLITICO.

Inflation dropped from 3% to 2.8% for the year ending in February, the Bureau of Labor Statistics reported Wednesday, a sign that price pressures are abating and might not be among the top economic risks facing the new Trump administration. Most economists had predicted that the consumer price index would fall a tenth of a percentage point after […]

Trump’s cuts to the Department of Education are part of a nearly long crusade by conservative Christian groups.

The warnings were issued for the Pacific Palisades, Altadena and Pasadena areas, which were burned by the wildfires in January.

President Donald Trump is defending his use of tariffs, claiming they will strengthen the economy long-term while downplaying talk they will lead to a recession.