Back in September 2023, the floundering Biden administration tapped Daskalakis—a self-proclaimed “trusted voice for the LGBTQ Tax, Finance and the Economy

The latest news, analysis and updates on tax, financial and economic politics and policy.

Trump housing official brings new allegation against Fed’s Cook

By Victoria Guida | August 29, 2025 09:25 AM

Stephen Miran wants to rewrite the rules of the Fed

By Sam Sutton | August 29, 2025 05:00 AM

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Capital Risk: Why Wall Street still hasn’t priced in Trump

By Sam Sutton and Victoria Guida | July 25, 2025 08:00 AM

For targets of Trump’s retribution, this is the lawyer on speed dial

Abbe Lowell’s newest client is Lisa Cook, the Fed board member whom Trump is trying to fire.

By Daniel Barnes | August 27, 2025 01:12 PM

How Cook’s dismissal would upend the Fed

Any exertion of White House control over the reappointment process for regional bank presidents would represent an extraordinary break in precedent.

By Sam Sutton | August 27, 2025 10:00 AM

‘Still a target’: How Cook’s war with Trump has revived her nightmare confirmation

Her nomination became a flashpoint for a fight between progressives and Republicans over the proper role of the Fed.

By Sam Sutton, Michael Stratford and Eli Stokols | August 27, 2025 05:55 AM

Trump’s Fed fight poised to crash into Capitol Hill

A nomination hearing for Trump’s pick to fill a vacant Fed board seat is expected next week.

By Jasper Goodman and Jordain Carney | August 26, 2025 06:11 PM

‘The flimsiest of unproven pretexts’: Democrats say Trump’s attempt to fire Fed governor is illegal

Lisa Cook’s attorney said she would soon file a lawsuit challenging the move.

By Giselle Ruhiyyih Ewing, Nicole Markus and Meredith Lee Hill | August 26, 2025 10:01 AM

Wall Street faces a reckoning in Washington as crypto influence grows

Powerful Wall Street groups are trying to pump the brakes on some GOP proposals that seek to boost the crypto industry.

By Jasper Goodman, Michael Stratford and Declan Harty | August 23, 2025 04:00 PM

Treasury Department’s No. 2 official is leaving

Michael Faulkender oversees the department’s operations and has a broad policy portfolio that spans tax, international finance, sanctions and financial regulation.

By Michael Stratford and Megan Messerly | August 22, 2025 11:17 AM

Fed’s Powell opens door to rate cut, citing job market risks

The Fed chair said the decision would be based on incoming economic data, signaling it was not a response to Trump’s calls for lower borrowing costs.

By Victoria Guida | August 22, 2025 10:13 AM

Art of the Deal: How Trump is capturing the private sector

From tariff carveouts to pro bono legal work by law firms, Trump is exerting power over businesses in ways that surpass even Bernie Sanders’s aspirations.

By Sam Sutton | August 22, 2025 08:00 AM

DOJ calls for Powell to fire Cook over fraud accusation

“No American thinks it is appropriate that she serve during this time with a cloud hanging over her,” Ed Martin wrote in a letter to the Fed chair.

By Sam Sutton | August 21, 2025 07:31 PM

‘There’s no hiding’: Powell faces daunting options in pivotal speech

The economic dilemma comes on top of an extraordinary, high-pressure political situation the Fed chair faces, as Trump relentlessly demands lower rates.

By Victoria Guida | August 21, 2025 06:25 PM

Winklevoss twins pump $21M into new crypto super PAC

The Digital Freedom Fund PAC is at least the third super PAC aimed at supporting pro-crypto candidates.

By Jasper Goodman | August 20, 2025 03:58 PM

Trump calls on Fed board member Cook to resign after fraud accusation

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in a statement.

By Victoria Guida | August 20, 2025 11:14 AM

White House aims to fast-track key Federal Reserve pick

Administration officials want Stephen Miran in place for a mid-September Fed meeting.

By Jordain Carney | August 19, 2025 04:00 PM

Appeals court clears way for deep cuts, restructuring at CFPB

In a 2-1 decision, Trump appointees ruled that the alleged sweeping directive to close the agency couldn’t be reviewed by the courts.

By Kyle Cheney and Michael Stratford | August 15, 2025 12:13 PM

Crypto cash threatens Sherrod Brown’s comeback campaign

A $140 million super PAC war chest could be wielded against the Ohio Democrat as he seeks to return to the Senate in 2026.

By Jasper Goodman | August 14, 2025 04:45 AM

Bessent says he’ll push to end congressional stock trading

House and Senate GOP leaders have sought to address bipartisan efforts to ban members of Congress from trading individual stocks.

By Gregory Svirnovskiy and Meredith Lee Hill | August 13, 2025 05:18 PM

‘Underlying motives’: Why Trump’s BLS pick is in for a fight

Antoni has become a fixture on conservative talk radio and podcasts — including Steve Bannon’s “War Room” — and frequently pens pro-Trump commentary.

By Nick Niedzwiadek and Sam Sutton | August 13, 2025 10:42 AM

Data wonks warn of lasting damage as Trump weighs shake-up of government statistics collection

Statisticians are worried Trump’s actions targeting statistics agencies could permanently undermine trust in federal data.

By Aaron Pellish | August 12, 2025 05:30 PM

Inflation ticks higher as Trump’s tariffs kick in

“Bad prediction”: The president derided economists’ forecasts for higher inflation.

By Sam Sutton | August 12, 2025 12:09 PM

Trump officials cast a wider net for Powell replacement at Fed

The list suggests officials are aiming to present the president with a diverse set of options to succeed the Fed chair.

By Victoria Guida | August 12, 2025 10:31 AM

Trump-backed judge rules administration’s withholding of funds illegal

The lawsuit by the National Endowment for Democracy is just one among dozens against the administration for frozen or withheld money previously approved by Congress.

By Katherine Tully-McManus | August 11, 2025 08:58 PM

Trump taps Heritage economist to lead BLS

The announcement comes a little more than a week after the president fired BLS Commissioner Erika McEntarfer.

By Sam Sutton and Nick Niedzwiadek | August 11, 2025 07:51 PM

Trump to consider Fannie and Freddie public offerings this year

A potential offering would value the two mortgage giants at around $500 billion and involve selling 5 percent to 15 percent of their stock.

By Katherine Hapgood and Sam Sutton | August 08, 2025 01:28 PM

Trump’s crypto embrace opens the door to a Wall Street overhaul

Wall Street traditionalists, who once downplayed the threat of crypto, are fighting back.

By Declan Harty | August 08, 2025 11:14 AM

Trump names economic adviser Miran to temporary Fed opening

Miran was an economic policy adviser at Treasury during the president’s first term.

By Sam Sutton | August 07, 2025 04:15 PM

Trump to crack down on banks over alleged political bias

An executive order will direct the government to take action to prevent banks from cutting off customers for political reasons.

By Michael Stratford | August 07, 2025 10:17 AM

Trump says JPMorgan, Bank of America rejected his deposits

The Trump administration is expected to take additional efforts to crack down on perceived bias against conservatives in the financial system.

By Michael Stratford | August 05, 2025 05:12 PM

Trump rules Bessent out for Fed chair

The president, in an interview on CNBC’s Squawk Box, said Bessent told him Monday evening that he does not want the job as central bank head.

By Megan Messerly | August 05, 2025 08:55 AM

https://www.politico.com/tax-finance-economy-news-updates-analysis