The Trump administration is pressuring major defense contractors to curb stock buybacks and dividends, demanding they reinvest more profits into production capacity to meet urgent Pentagon needs. While public commitments are scarce, industry reinvestment is rising under the threat of executive action.
Bitcoin's price briefly fell below $73,000 amid significant selling by large holders, before finding support on news of a U.S. government funding deal. The market now watches to see if key levels hold.
Treasury Secretary Scott Bessent heads to Capitol Hill this week for testimony, with lawmakers poised to question him for the first time since the Justice Department launched an investigation into Federal Reserve Chair Jerome Powell. The hearings are expected to focus on economic performance and regulatory policy, even as the shadow of the probe hangs over proceedings.
The United States has transferred the final $200 million to Caracas, completing the return of all proceeds from an initial oil sale authorized after President Maduro's capture. U.S. officials state the funds are for humanitarian and stabilization purposes, with future sales to be managed under a more structured U.S.-based fund.
The nation's highest military honor will be posthumously awarded to Army Staff Sgt. Michael Ollis, who died in 2013 shielding a Polish officer from a suicide bomber, following a persistent campaign by his community and advocates.
A Senate hearing on Netflix's proposed $83 billion acquisition of Warner Bros. Discovery assets veered sharply from competition concerns, as conservative lawmakers launched a series of heated critiques targeting the streamer's content and alleged 'woke' agenda.
As the Kennedy Center faces a two-year closure, internal documents reveal senior executives aligned with the Trump administration charged thousands in luxury dining and hotel stays. Meanwhile, lobbying hits record levels and Epstein case connections draw fresh scrutiny.
Senate Minority Leader Mitch McConnell was admitted to a hospital Monday evening for observation after reporting flu-like symptoms. His office states his condition is stable and a return to Capitol Hill is anticipated.
California Congressman and gubernatorial candidate Eric Swalwell has reimbursed over $200,000 from his campaign funds for childcare costs, a practice deemed permissible by the FEC but criticized by ethics experts as a 'slippery slope' blurring personal and political expenses.
Stephen Miran, a key economic adviser to former President Trump, has resigned from his White House post while maintaining his position on the Federal Reserve Board, a move that clears a potential path for the administration's future leadership plans for the central bank.
A House hearing exposed disturbing text messages in which a Customs and Border Protection agent boasted about shooting a Chicago woman, fueling scrutiny of federal immigration enforcement tactics.
South Carolina Republican Nancy Mace has forcefully denied a magazine profile's claims that she ordered staff to deliver liquor after midnight, revealing a lifelong genetic condition that she says makes alcohol consumption dangerous. The allegations, countered by sharp criticism from a former aide, emerge as Mace faces a separate ethics committee probe.
CNN anchor Dana Bash issued a stark warning after former President Donald Trump advocated for a federal takeover of election administration, a move experts and critics say would upend the decentralized system enshrined in the U.S. Constitution and represents a continued assault on electoral integrity.
A U.S. district judge raised significant doubts about the Defense Department's unprecedented move to reduce the pay and rank of retired Navy Captain and Senator Mark Kelly, following his public comments advising service members against following illegal orders.
A Senate antitrust hearing on Netflix's proposed $82.7 billion acquisition of Warner Bros. Discovery assets veered into heated debates over market dominance, job security, and accusations that the streamer promotes 'woke' and transgender content to young audiences.
A new analysis from the Cato Institute reveals immigrants generated a $14.5 trillion fiscal surplus since 1994, with undocumented workers accounting for over $1.7 trillion, challenging narratives that they burden the economy.
A four-day partial government shutdown concluded Tuesday as President Trump signed a stopgap funding package, following a razor-thin House vote that underscored deep political divisions, particularly over Homeland Security funding.
A tense town hall meeting in New York's Rockland County descended into chaos as Republican Congressman Mike Lawler ordered the removal of two military veterans who challenged his defense of ICE operations. The incident highlights deepening divisions over immigration enforcement in a key swing district.
Bill and Hillary Clinton will appear before the House Oversight Committee in late February for depositions related to the Jeffrey Epstein investigation, following a standoff that nearly led to contempt of Congress charges.
During a tense House Judiciary hearing, Rep. Jerry Nadler (D-NY) argued that Americans might be justified in using lethal force against masked individuals they believe are attacking them, directly criticizing ICE enforcement tactics under the Trump administration.
