Why Trump is antsy about the coming debt ceiling fight

A new debt ceiling was established this week, setting up a debate for the months ahead about averting a government default. The parameters of that coming standoff are already making Donald Trump unhappy. The issue for the president-elect is how events are conspiring —...

Fed cuts rates by quarter point, scales back cuts for 2025

The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year. In a split vote, the central bank voted to reduce its benchmark interest rate by 25 basis points to a new range of...