DOJ backs off from plan to spread its tax division across US

The DOJ plans to retain its tax division, reversing a proposal to decentralize it, amid criticism for risking inconsistent tax law application.

Paul Atkins sworn in as US SEC chair

Paul Atkins, former SEC member, was sworn in as chairman, focusing on business-friendly policies.

Trading Day: Trump pummels Powell

US Education Department to resume collecting student loans in default from May 5

The U.S. resumes federal student loan repayments from May 5 after a five-year pause, affecting millions of borrowers in default and those late on payments.

US bank regulator lays out plans for 20% staff reduction, emails says

The FDIC plans a 20% workforce reduction, targeting about 1,250 employees through early retirements, incentives, and potential layoffs, aligning with broader federal workforce cuts under the Trump administration.

NY Fed appoints Anna Nordstrom as Markets Group chief

Anna Nordstrom has been appointed as the permanent head of the Federal Reserve Bank of New York’s Markets Group, overseeing critical central bank operations amid current economic challenges.

NY Fed finds Americans trimming back wage expectations for new jobs

A survey reveals Americans' declining confidence in labor markets, with reduced job pay expectations and lower satisfaction concerning employment conditions amid economic anxiety and potential recession concerns.

US may withhold environmental approvals for NY City projects if state does not end congestion pricing

U.S. Transportation Secretary Duffy threatens to withhold approvals for Manhattan projects unless New York ends congestion pricing, citing it as illegal despite Governor Hochul's defense of the program's legality.

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff

Trump demands immediate interest rate cuts to avert economic slowdown, criticizing Fed Chair Powell. Concerns rise over inflation, tariffs, and potential recession as markets react negatively.

US bond funds suffer fifth weekly outflow on tariff-driven inflation fears

U.S. bond funds faced heavy selling as concerns grew over tariffs causing inflation and recession; equity funds also saw significant outflows, marking a trend of divestment.