US trade deficit drops 24% as Trump’s tariffs reduce imports
A drop in imports and the trade deficit is good for economic growth because foreign products are subtracted from the nation’s gross domestic product.
Federal Government
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Federal Reserve releases new guidance for bank oversight in move praised by industry
Michelle Bowman, the Fed’s vice chair for supervision, said the principles will “sharpen” the central bank’s focus and build “a more effective supervisory framework.”
Trump administration takes major step toward dismantling Education Department
Six new agreements signed by the Education Department will effectively move billions of dollars in grant programs to other agencies.
FAA lifts order slashing flights, allowing commercial airlines to resume regular schedules
Data from aviation analytics firm Cirium showed that fewer than 1% of all flights were canceled over the weekend.
Brad Rateike: Tributes to Cheney paint more nuanced picture of VP
My friends would tell you he was a strategist, a statesman and a mentor.
U.S. Mint presses final pennies as production ends after more than 230 years
Billions of pennies are still in circulation and will remain legal tender, but new ones will no longer be made.
President Trump signs government funding bill, ending shutdown after record 43-day disruption
House lawmakers made their long-awaited return to the nation’s capital this week after nearly eight weeks away. Republicans used their slight majority to get the bill over the finish line with a mostly party-line vote of 222-209.
With their government contracts in limbo, small businesses await historic shutdown’s end
Small business owners with government contracts say the shutdown has caused payment delays and the cancellation of some projects, and they will be working to make up for lost time and money, if the government reopens.
House returns for vote to end the government shutdown after nearly 2 months away
The prospect of travel delays due to the shutdown could complicate the vote. Still, Speaker Mike Johnson said the GOP was “very optimistic” about the outcome.
Supreme Court extends pause on order requiring full SNAP payments
The legal issue over the funding could be rendered moot soon if a deal advancing on Capitol Hill to end the shutdown is adopted. That measure—which has passed the Senate, with the House expected to vote as soon as Wednesday—would fund SNAP through September.
Air travelers face frustration as FAA increases flight cuts during the government shutdown
The FAA also expanded its flight restrictions Monday, barring business jets and many private flights from using a dozen airports already under commercial flight limits.
Indiana set to distribute partial November SNAP benefits
Gov. Mike Braun’s office said Supplemental Nutritional Assistance Program benefits for November should be available on EBT, or Electronic Benefits Transfer, cards on Tuesday.
Senate approves bill to end shutdown, sending it to House
The shutdown, now in its 41st day, could last a few more days as members of the House return to Washington, D.C., to vote on the legislation.
Speaker Johnson says House will return to Washington for voting on shutdown deal
It is unclear when the Senate will hold final votes on the legislation. But Johnson said the “nightmare is finally coming to an end” after the Senate voted 60-40 to consider a compromise bill to fund the government.
Lilly’s obesity pill, orforglipron, gets FDA fast-track voucher
The announcement comes on the heels of a deal with the Trump administration to expand access to weight-loss drugs and reduce costs for patients on government-funded insurance and those paying out of pocket.
Flight cancellations expected to drag on even after the government shutdown ends
Transportation Secretary Sean Duffy made clear last week that flight cuts will remain in place until the FAA sees safety metrics improve.
Trump administration renews Supreme Court appeal to keep full SNAP payments frozen
The request is the latest in a flurry of legal activity over how a program that helps buy groceries for 42 million Americans should proceed during the historic U.S. government shutdown.
Senate takes first step toward ending government shutdown
Democrats had previously voted 14 times not to reopen the government as they demanded the extension of tax credits that make coverage more affordable under the Affordable Care Act.
US airlines’ daily cancellations exceed 2,700 as shutdown impact continues
In addition, nearly 10,000 flight delays were reported on Sunday alone, according to FlightAware, a website that tracks air travel disruptions.
Flight cuts from government shutdown strain supply chain that’s already stretched thin
Logistics companies say consumers shouldn’t expect delays on packages due to the reduction in flights—for now. But they put a strain on the supply chain ahead of the all-important holiday shopping season.