Why it matters: There's been some confusion on the status of the free online tax-filing program after Elon Musk posted on X Monday that he had "deleted" 18F, a government technology group behind the IRS Direct File program.
A group of lawmakers said Tuesday that Congress will pass legislation on stablecoins — a less-volatile cryptocurrency backed by U.S. dollars — in the first 100 days of the Trump administration.
Why it matters: The Trump White House has signaled the friendliest approach yet to the crypto industry.
Restaurants are starting to crack under the weight of the nation's egg crisis.
Why it matters: A devastating outbreak of the bird flu has ravaged the nation's supply of eggs, leading to egg shortages and increased prices at grocery stores.
A group of senators is proposing investigating the use of technologies, such as blockchain and AI, to secure the nation's supply chains and diminish reliance on our adversaries for goods.
Why it matters: In 2023, manufacturing contributed 10% of U.S. GDP.
Driving the news: The Commerce Committee's ranking member, Sen. Maria Cantwell (D-Wash.), alongside Sen. Marsha Blackburn (R-Tenn.) and Sen. Lisa Blunt Rochester (D-Del.) introduced S. 257, to support supply chain resiliency.
The bill mainly serves to investigate possible ways the U.S. government could improve the security of manufacturers' sources of goods.
When President Trump signed an executive order on Monday calling for the creation of a U.S. sovereign wealth fund, it contradicted years of conservative thought.
The big picture: Trump wants the ability to invest public resources, using the type of fund that is more commonly deployed by countries with huge surpluses (frequently due to oil wealth) that need to be directed somewhere productive.
President Trump campaigned on using tariffs to revive domestic industry and fill America's coffers, but the tariff strategy now looks more muddled than ever.
Why it matters: Trump has sent mixed signals about why his administration is slapping tariffs on billions of dollars' worth of imports, sparking confusion about whether the measures are temporary threats or the new economic normal.
Billionaire real estate developer Rick Caruso, who lost the LA mayor's race in 2022 to Karen Bass, yesterday launched a new group aimed at expediting the city's rebuild.
Why it matters: America's attention has moved on from Los Angeles, but the staggering devastation from last month's wildfires remains.
About 20,000 federal workers have accepted the "buyout" offer put forward by the Trump administration last week, a senior administration official tells Axios.
Why it matters: It's a significant number of people — about 1% of the federal workforce — but still substantially less than the White House's target of 5% to 10%.
President Trump ran on the Oprah promise of "you get a tax cut" for lots of different people: tipped service workers, retirees, overtime workers.
Why it matters: His first tax pitch out the gate — broad tariff increases on America's top trading partners — will likely raise the cost of living for those folks instead.
Given unprecedented levels of turmoil within the federal government over the first 15 days of Donald Trump's presidency, it's worth taking a beat to note how placid and sanguine the stock market has been in comparison.
Why it matters: The stock market is Trump's metric of choice when it comes to objective measures of how he's doing.
Super Bowl party prices will be a mixed bag this year, with some staples still notably costlier compared to pre-pandemic times but others less so.
Why it matters: Food is one of the most tangible ways consumers experience inflation, which appears stubbornly persistent — especially for everyday needs like groceries.
China's government announced tariffs on U.S. imports including coal and liquefied natural gas in retaliation for Trump administration measures targeting its products.
The big picture: China's finance ministry announced the measures in response to 10% tariffs on Chinese products imposed by President Trump's administration, which took effect Tuesday.
