Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump has spent years promising to get rid of the federal Department of Education. Now he is going further, openly musing about selling off the agency’s buildings for private development and urging that “somebody else get rich” from the real estate. The comments strip away any pretense that his campaign against the department…
President Donald J. Trump has moved to sharply curtail Wall Street’s role in the nation’s housing market, signing an executive order that targets large investors buying up single family homes. Framed as a defense of the American Dream, the order seeks to stop big financial firms from competing directly with families for starter houses and…
Marijuana is on track to move from the federal government’s most restrictive drug category to a more permissive one, under a sweeping directive from the White House that could reshape everything from medical research to small business balance sheets. President Trump’s new executive order instructs federal agencies to complete the process of shifting cannabis to…
The Trump administration’s decision to return $790 million in previously frozen federal funds to Northwestern University marks a rare reversal in a high‑stakes clash between Washington and a major research institution. The agreement not only restores a critical revenue stream for the university, it also signals how far the White House was willing to push,…
Health care workers are warning that President Donald Trump’s new student loan plan does more than trim federal spending, arguing it effectively downgrades nursing from a recognized profession to a second-tier job. By stripping nursing programs of “professional degree” status and capping how much students can borrow, they say the administration is sending a blunt…
President Donald Trump is touting a $75 million settlement with Northwestern as proof that his administration can bend elite universities to its civil-rights agenda, while the school is framing the same deal as the price of preserving core academic autonomy. The agreement restores a crucial stream of federal funding that had been frozen during an…
The Trump administration is preparing to charge international visitors sharply higher prices to enter America’s most famous national parks, with new fees that can add up to $170 more per trip for some foreign tourists. While U.S. citizens and permanent residents will continue to enjoy relatively low-cost access, non-residents will face a new layer of…
Donald Trump has promised a new wave of factory jobs and energy projects, casting his second term as the start of a fresh industrial boom. Yet some of his own moves, especially on trade and immigration, are already colliding with the practical needs of manufacturers, energy developers, and the communities that host them. The result…
The Trump administration is no longer just talking about shrinking the federal role in schools, it is actively breaking apart the Department of Education and redistributing its core functions across the government. What began as a political slogan about returning power to states has hardened into a structural reorganization that could permanently alter how the…
The Trump administration has taken a significant step by freezing $108 million in research funding to Duke University amid an investigation into alleged racial discrimination. This move has sparked a national debate on the intersection of politics, funding, and racial equality in academic institutions. The unfolding situation at Duke highlights broader issues of accountability and…