US Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, DC on June 24, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in … Read more
One of the most talked-about staff members of the Trump administration’s Department of Government Efficiency has left the federal government, continuing a stream of DOGE-related departures. Edward Coristine, the 19-year-old nicknamed “Big Balls” who joined DOGE as one of its original staffers, has left his job and the administration entirely, a White House spokesperson said … Read more
A federal appeals court in New York on Tuesday ordered the Trump administration to facilitate the return of a man who was deported to El Salvador roughly 30 minutes after the court suspended an order to remove him from the U.S. The ruling in Jordin Alexander Melgar-Salmeron’s case marks at least the fourth time this … Read more
U.S. Treasury yields were lower on Tuesday even after Federal Reserve Chair Jerome Powell said he is in no hurry to push for interest rate cuts as the impact of tariffs plays out. Traders also kept an eye on a fragile ceasefire between Iran and Israel. The 10-year Treasury yield was down 3.1 basis points at 4.291%, … Read more
Welcome to the online version of From the Politics Desk, an evening newsletter that brings you the NBC News Politics team’s latest reporting and analysis from the White House, Capitol Hill and the campaign trail. In today’s edition, our Capitol Hill team provides a status check on the “big, beautiful bill” as Senate Republicans aim … Read more
Traders work at the New York Stock Exchange on June 13, 2025. NYSE Global equities posted muted gains Tuesday, as investors digested U.S. President Donald Trump’s announcement of a ceasefire timeline between Iran and Israel, as well as growing signs of fatigue toward Trump’s policymaking. The MSCI World index, which tracks over a thousand large … Read more
NATO Secretary-General Mark Rutte on Tuesday praised U.S. President Donald Trump for his “decisive action” against Iran and pushing allies to boost defence spending in a text message that Trump made public and NATO confirmed was legitimate. Trump posted screenshots of the lengthy text message to his Truth Social website as he headed to Brussels … Read more
Oil prices fell sharply Tuesday after President Donald Trump said China can keep buying oil from Iran, a sign that the U.S. is easing its maximum pressure campaign on the Islamic Republic in the wake of a ceasefire with Israel. Global benchmark Brent fell $3.33, or 4.66%, to $68.15 per barrel by 10:18 a.m. ET. … Read more
WASHINGTON — A fight over the fate of six migrants the Trump administration wants to deport to South Sudan flared up again on Tuesday as the Justice Department accused a federal judge of “unprecedented defiance” of a Supreme Court decision the previous day. Solicitor General D. John Sauer filed a motion at the Supreme Court … Read more
U.S. President Donald Trump said Monday that Israel and Iran have agreed to a “complete and total ceasefire” to be phased in over 24 hours. The U.S. president said on his Truth Social website that the ceasefire would bring an “Official END” to the war. Such an agreement would mark a major change in the … Read more