Money, Wealth & Power—A Daily Look at the Financial World
President Donald Trump’s administration has moved to cancel a $1.8 billion federal loan guarantee for Arizona’s largest electric utility, abruptly halting a signature Biden-era clean energy investment in the Southwest. The decision strips Arizona Public Service of low-cost federal financing that was expected to accelerate new renewable generation and large-scale energy storage across the state….
The Trump administration is reshaping the rules that govern how cars are built, sold, and financed in the United States, with a clear tilt toward cheaper gasoline vehicles and fewer perks for electric models. Fuel economy standards are being reset, consumer tax credits for electric vehicles have been eliminated, and new tax breaks are being…
The Treasury Department has taken the extraordinary step of cutting off one of Washington’s most entrenched contractors after a former employee leaked private tax data for President Donald Trump and other ultra-wealthy Americans. By terminating every agreement with Booz Allen Hamilton, officials are signaling that a single breach inside the Internal Revenue Service can now…
The Energy Department’s decision to unwind tens of billions of dollars in Biden-era clean energy financing has jolted investors, developers, and utilities that had banked on federal backing. By moving to scrap or rework roughly $83 billion in green loans and guarantees, the Trump administration is not just tweaking policy, it is rewriting the risk…
The Trump administration is preparing a sweeping intervention in the critical minerals sector, moving to acquire a direct equity stake in USA Rare Earth that could reshape how Washington backs strategic industries. The planned $1.6 billion commitment for a 10 percent holding would give the federal government an unusually hands-on role in a publicly traded…
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…