Copyright 2025 The Associated Press. All Rights Reserved. President Donald Trump defended Elon Musk’s email demand to federal employees, telling them to explain ...

Now, as Elon Musk appears to be plotting a massive overall of the Federal Reserve, economists are warning a “nightmare” scenario for the Fed could be about to hit the price of bitcoin.

Last month, President Donald Trump signed an executive order aimed at reforming and overhauling the Federal Emergency Management Agency (FEMA). He had suggested abolishing the agency, partly ...

Current estimates suggest that both professional forecasters and investors expect the Federal Reserve to respond strongly and systematically to changes in economic conditions. The current perceived ...

Federal employees are raising alarms over Elon Musk’s push to reshape the US government, an effort now compounded by a weekend directive for workers to justify their jobs in writing.

A pair of Colorado men got creative in Louisiana, using an air compressed cannon in a failed bid to launch drugs and tobacco onto the grounds of a federal prison. Jose Francisco Herrera Munoz ...

Elon Musk, special advisor to President Trump, warned federal employees on Saturday of a new policy requiring them to detail their work efforts via email in order to keep their jobs.

President Trump supported Elon Musk’s email to federal employees asking them to describe their performance at work. Musk posted on X that nonresponses would be considered resignations.

The Federal Reserve has maintained high "excess reserves" in the banking system while continuing to reduce its securities portfolio. The Fed used a decline in Reverse Repurchase Agreements to ...

The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...

Wednesday, Feb. 19, 2025. (AP Photo/Rebecca Blackwell) WASHINGTON (AP) — A federal judge in Washington has allowed President Donald Trump’s mass firings of federal workers to move forward. U.S.

Elon Musk on Thursday offered hints about the work to come, including auditing the Federal Reserve, as his Department of Government Efficiency bulldozes through federal agencies in its effort to ...