Tariffs will hit US economy and raise prices

US economic growth will be hit and prices will rise for consumers as a result of new tariffs on goods entering the country, the head of America’s central bank has warned. Jerome Powell, chair of the Federal Reserve, said the import taxes recently announced by President Donald Trump were larger than the bank had expected, … Read more

Trump administration sues Maine over transgender athletes in sport

The Trump administration is suing the state of Maine for refusing to ban transgender athletes from participating in women’s sports. The move is an escalation in the public battle between the state’s governor and Donald Trump that has included threats from the president to cut funding to Maine’s education department. “The Department of Justice will … Read more

Trump seeks criminal prosecution of New York Attorney General Letitia James

Donald Trump’s administration is accusing New York Attorney General Letitia James of mortgage fraud, and has made a criminal referral to the the justice department seeking federal prosecution. Officials with the Federal Housing Finance Agency (FHFA) allege James falsified bank and property records to receive better loan agreements, an administration official told the BBC. James … Read more