There are not many certainties in the world of money, but this traditionally has been one of them: When life turns scary, people take refuge in American government bonds. Investors buy U.S. Treasuries on the assumption that, come what may — financial panic, war, natural disaster — the federal government will endure and stand by
At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate
Investors around the globe this week sent President Trump a clear message about his new tariff policy, announced triumphantly as a remaking of the economic order. They don’t like it. The S&P 500 fell 6 percent on Friday, bringing its losses for the week to 9.1 percent. Stocks hadn’t fallen this far this fast since
The Trump administration sent Harvard a list of demands on Thursday that would have to be met to end a government review of $9 billion the school receives in federal funding. The government announced the review earlier this week, which threatened to cancel all or some of the money as part of its campaign against
The Trump administration threatened on Thursday to withhold federal funding from public schools unless state education officials verified the elimination of all programs that it said unfairly promoted diversity, equity and inclusion. In a memo sent to top public education officials across the country, the Education Department said that funding for schools with high percentages
A federal judge in Northern California ordered the restoration of legal funds for migrant children who enter the United States alone, temporarily reversing a Trump administration decision last month that had left children at risk of deportation. Nonprofit groups had been fighting the decision since they received notice from the federal government on March 21
The Trump administration intends to terminate the United States’ financial support for Gavi, the organization that has helped purchase critical vaccines for children in developing countries, saving millions of lives over the past quarter century, and to significantly scale back support for efforts to combat malaria, one of the biggest killers globally. The administration has
Fannie Mae and Freddie Mac have long been a bedrock of the American home-buying industry, turning what could otherwise be a volatile market into one that is stable and predictable for the people buying homes and the investors who purchase home loans as mortgage-backed securities. But last week, William Pulte, President Trump’s appointee to lead
World Liberty Financial, the cryptocurrency company started by Donald J. Trump and his sons, announced on Tuesday that it was planning to sell a digital currency called a stablecoin, deepening the president’s financial ties to crypto as his administration relaxes enforcement of the industry. The stablecoin would be known as USD1, the company wrote in
Democrats have long looked to the government to support their families through public programs and spending. Increasingly, Republicans want the same. The details of how they want the government to help vary. But the growing bipartisan agreement reflects a belief among parents that American families are in crisis and something has to change. In a