Money, Wealth & Power—A Daily Look at the Financial World
Todd Blanche survived the kind of Senate vote that turns every empty chair and every party defection into a crisis. Two Republicans joined every Democrat and independent who voted against him, but President Donald Trump’s attorney general nominee still crossed the line, 50-49. The result gives Trump a Senate-confirmed leader at the Justice Department after…
Five weeks after the Supreme Court told President Donald Trump that his first attempt to narrow birthright citizenship could not stand, he signed two more executive orders on the same subject. The documents released on the evening of August 6 do not try to relitigate the question the justices answered. They walk into the narrow…
Todd Blanche spent the weekend doing the one thing a nominee never wants to do: writing down, in a binding order, that a $1.8 billion pot of money he had approved was dead. It worked well enough to get him out of the Senate Judiciary Committee on Tuesday. It did not work well enough to…
President Donald Trump’s early 2025 executive order calling for a U.S. sovereign wealth fund set off a chain of events that has quietly reshaped the U.S. International Development Finance Corporation, a federal agency originally designed to support overseas development. What began as a 90-day planning exercise for a new national investment vehicle has instead become…
The SEC’s climate disclosure rule took effect in March 2024, even as earlier Trump-era regulators worked to roll back core federal climate findings. That clash between expanding securities rules and shrinking environmental rules has left companies navigating a patchwork of expectations while still being judged on quarterly earnings. Many CEOs now face three practical questions:…
Nikki Haley is turning her party’s favorite talking point on its head, arguing that the Trump economy is not the success story Republicans keep selling but a strain that leaves families without a sense of progress. Her warning is blunt: if voters do not start to feel genuine hope about their own finances, the GOP…
Health policy in President Donald Trump’s second year back in office is shifting from emergency pandemic-era supports to a new architecture built around price transparency, personal savings accounts, and tighter federal spending. The White House is betting that a mix of tax-advantaged accounts, drug price reforms, and revised Medicare and Medicaid payments can slow premium…
President Donald Trump now presides over something closer to a personal investment empire than a traditional blind trust. Recent disclosures show a sprawling mix of bonds, blue chip stocks, crypto and licensing income that has grown rapidly alongside his return to the Oval Office. The core question is no longer whether his portfolio is big,…
President Donald Trump is suing the Internal Revenue Service and the Treasury Department for at least 10 billion dollars, even as he sits atop the very government he is trying to force to pay him. The case, built around the leak of his tax records, has now collided with basic questions of conflict of interest,…
Barron Trump has stepped into the booming functional beverage market with a low-key but attention-grabbing move, quietly backing a new yerba mate drink brand that is already sparking viral curiosity. The 19-year-old son of President Trump is positioning himself not just as a political heir but as a lifestyle entrepreneur betting on a caffeine alternative…