So I guess the Fed chairman, Jay Powell, is not going off quietly into the night. Today is his last meeting as chairman, but he announced his ungentlemanly decision to stay on as a Fed board member for who knows how long. “I’ve said that I will not leave the…

Federal Reserve Chair Jerome Powell on Wednesday announced he will remain a member of the Fed’s Board of Governors after his term as chairman ends next month, though he added that he won’t be a “shadow Fed chair.” The outgoing Fed chair hosted his final news conference after the Federal…

Treasury Secretary Scott Bessent said the United States’ maximum economic pressure campaign on Iran has sent the regime into “crisis” during an appearance Wednesday on “Kudlow.” The effort, known as Operation Economic Fury, is aimed at crippling Tehran’s financial lifelines by seizing Iranian assets, freezing bank accounts and pressuring foreign…

Costco is reportedly tweaking one of the most iconic deals in retail. The warehouse giant – long known for its $1.50 quarter-pound all-beef hot dog and 20-ounce soda combo – is now giving customers the option to swap the fountain drink for a 16.9-ounce bottle of Kirkland Signature water. The…

A new report by the nonpartisan Government Accountability Office (GAO) found that improper payments by the federal government rose to $186 billion in fiscal year 2025. The GAO found that federal agencies’ estimate of improper payments rose $24 billion in fiscal year 2025 from the previous fiscal year. The increase…

Maine has officially joined the ranks of high-tax blue states as Democratic Gov. Janet Mills signed a controversial new millionaire tax into law, sparking immediate warnings that the move will punish local business owners and stifle investment. Effective Jan. 1, 2026, the new law bypasses traditional Republican opposition to implementing…

This story about the Federal Reserve’s April interest rate decision is developing and will be updated with further details. The Federal Reserve on Wednesday announced it will leave interest rates unchanged amid concerns about inflation rising further amid the war in Iran.Fed policymakers voted to leave the benchmark federal funds rate…

The AAA national average price for regular gas has soared to $4.229 as of Wednesday, the highest notched so far during the ongoing tensions between the U.S. and Iran. While that number is more than a dollar higher than the AAA national average of just $3.161 a year ago, it…

California lawmakers are calling for the state’s high-speed rail project to be scrapped after projected costs have ballooned by more than 700%. “I’ve been saying this for years now, but this is the most wasteful government project in probably world history,” state Sen. Tony Strickland, who is the vice chair…

A new proposal would allow Social Security beneficiaries to continue working without having their benefits diminished, which could make it easier for retirees to pay off their mortgages or more easily handle other expenses like property tax burdens. The Senior Citizens’ Freedom to Work Act was introduced in Congress earlier…