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Appeals court sides with judge who found Trump colluded with IRS, Treasury
An appeals court Tuesday sided with a lower court judge who determined President Trump colluded with the Department of Justice (DOJ) in bringing and later dismissing a case seeking $10 billion in damages from the IRS. Florida-based U.S. District Judge Kathleen Williams in July found that the lawsuit that served as the hook for the...
E.E.O.C. Sues Harvard for Data on Diversity in Hiring Practices
The Equal Employment Opportunity Commission filed a lawsuit asking a judge to compel the university to provide information on hiring practices that the agency said discriminated against white men.
Fed watchdog finds no criminality in renovation probe
Former Federal Reserve Chair Jerome Powell and Fed officials did not violate criminal law during their handling of the central bank’s ongoing multimillion-dollar renovation project, the Fed’s internal watchdog said in a Wednesday report. The office of Fed Inspector General Michael Horowitz acknowledged the central bank “has not effectively executed” the construction management risk contract...
Senators announce long-awaited permitting reform deal
Democratic and Republican senators on Wednesday announced a long-sought deal on permitting reform that they say will speed the construction of the nation’s energy and infrastructure projects while reining in costs from data centers. After months of negotiations, Sens. Shelley Moore Capito (R-W.Va.), Mike Lee (R-Utah), Sheldon Whitehouse (D-R.I.) and Martin Heinrich (D-N.M.) announced the...
Coming soon: Nominations for The Hill’s Top Lobbyists 2026
The Hill will soon start accepting nominations for its annual Top Lobbyists list! Slated to release in early December, the list highlights the most impactful lobbyists at firms, companies, trade associations and advocacy groups. Starting Oct. 2 at 8:30 a.m. EDT, nominations can be submitted using this form. Nominations will not be accepted through email....
Ken Griffin donating $3B to Carnegie Mellon
Citadel founder and CEO Ken Griffin is donating $3 billion to Carnegie Mellon University, according to an announcement from the institution on Wednesday. The donation is the largest individual gift in higher education history and the largest donation ever made by the hedge fund manager. “Carnegie Mellon University has made profound contributions to America’s preeminence...
Fed's preferred measure of inflation dips to 3.4 percent in August
The Federal Reserve’s preferred measure of inflation dipped in August, as multiple central bank officials have said future interest rate hikes could be on the horizon. The personal consumption expenditures (PCE) price index rose 0.3 percent from July to August and was up 3.4 percent year over year, according to data released Wednesday by the...
Trump finds close ally in Nvidia’s Huang at key AI juncture
Nvidia CEO Jensen Huang is becoming one of President Trump’s fiercest allies on AI at a critical juncture for the industry. In the face of mounting concerns over the future of AI, Huang is one of the few tech executives standing fully behind the president’s push to continue full steam ahead on AI, while others...
What products are part of US-China $60B tariff cuts deal
The U.S. and Chinese governments unveiled tariff cuts on Monday, affecting $60 billion worth of goods in varying markets. The list released by the White House spans the U.S. importation of 77 categories of Chinese goods — including Christmas decorations, fireworks and children’s toys. Chinese imports of U.S. goods, meanwhile, cover 1,619 categories of products...
Consumer confidence drops to lowest level in more than a decade
Consumer confidence dipped in September to its lowest level in a dozen years, the Conference Board reported Tuesday. The board’s consumer confidence index fell to 81.9 last month, down 6.7 points from August. That marked the lowest point for the metric since 2014, when consumer sentiment was rebounding from a low point of less than...