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Economic News

Bessent to propose major overhaul of regulatory body created from financial crisis

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11 December 2025
In a letter set to be released Thursday, Bessent will recommend changing the approach of the Financial Stability Oversight Council.
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Gold Eases After Divided Fed Rate Cut Vote; Silver Hits New High

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11 December 2025
Gold edged lower on Thursday, as traders weighed the U.S. Federal Reserve's divided vote on a quarter-percentage-point interest rate cut, while silver climbed to yet another record high.
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Dems Claim Trump Tariffs Have Cost US Households $1,200

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11 December 2025
Sweeping taxes on imports have cost the average American household nearly $1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress' Joint Economic Committee.
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