A proposal pitched as a way to help consumers struggling with interest rates is unsettling the financial sector. As President Donald Trump and other populist lawmakers push for a 10% cap on credit card interest rates, banks argue that such a cap could limit access to credit. Trump initially proposed during his 2024 presidential campaign […]

An open-seat Ohio congressional race is an early electoral gauge of the voting public’s views on the Trump administration‘s deportation tactics. Madison Sheahan announced Jan. 15 that she was stepping down as deputy director of Immigration and Customs Enforcement, and seeking the Republican nomination to take on longtime Rep. Marcy Kaptur (D-OH). Sheahan, 28, faces […]

Red and blue states are fighting over redistricting, with an eye on this year’s midterm elections. The majority party’s strategy in each state is to maximize its advantage by changing the boundaries of the other party’s congressional districts. The redrawn districts dilute historic voters of the opposition party so much that they almost needn’t bother […]

If you want to be a pessimist, the worst economic news for President Donald Trump during his first full year back in the Oval Office is that the Federal Reserve cannot possibly justify slashing the interest rate charged by banks to borrow from each other overnight. If you want to be an optimist, you just […]