Traders work on the floor of the New York Stock Exchange in New York, May 19, 2025. Spencer Platt | Getty Images News | Getty Images The U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds. … Read more
SAN JUAN, Puerto Rico — A global trade war is offering Puerto Rico hope as the U.S. territory, attempts to strengthen its fragile economy. Government officials are jumping on planes to try and convince international companies to relocate their manufacturing plants to the island, where they would be exempt from tariffs. Any relocation would be … Read more
WASHINGTON — First the nation’s top law firms. Then its premier universities. Now, President Donald Trump is leaning on the advocacy groups that underpin U.S. civil society. Trump said Thursday that the administration is looking at the tax-exempt status not just of Harvard, but environmental groups and specifically the ethics watchdog organization Citizens for Responsibility … Read more
PHOENIX — Democratic Gov. Katie Hobbs on Thursday vowed to veto all bills not already on her desk amid a standoff with the Republican-controlled Legislature over funding for a state agency that provides services for some of Arizona’s most vulnerable residents. Hobbs is demanding that lawmakers find a bipartisan compromise that would guarantee funding through … Read more