Trump warns new Hochul, Mamdani pied-à-terre tax could accelerate NYC wealth exodus
President Donald Trump is weighing potential federal action over New York City’s luxury second-home surcharge as the policy faces a legal battle and scrutiny
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Fed’s Hammack says multiple rate hikes may be needed to tame inflation
Beth Hammack says one rate hike won't suffice, arguing current Federal Reserve interest rates aren't meaningfully restricting the economy amid inflation.
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Powerball jackpot soars to $975M, eighth-largest in game's history
The Powerball jackpot climbed to an estimated $975 million with an estimated cash value of $391.9 million after there was no winner in Saturday's drawing.
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Federal budget deficit on track to surpass $2T this fiscal year as spending outpaces revenue
The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.
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