U.S. Treasury Secretary Janet Yellen said former President Trump's policies toward China have left the nation "more vulnerable" and more isolated in the global economy.
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So Long, Penny! Trump Orders US to Ditch 1-cent Coin
President Donald Trump has ordered the U.S. to stop minting pennies. His surprise announcement comes after decades of unsuccessful efforts to phase out the 1-cent coin. Advocates for ditching the penny cite its high production cost and limited utility. Fans of the penny cite its usefulness in charity drives and relative bargain in production costs compared with the nickel. Here's a look at some question surrounding Trump's order.
Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
TIME Writer Discusses Controversial Elon Musk Resolute Desk Cover, Is Trump Mad?
Brian Bennett, Senior White House correspondent at TIME, discusses Musk's relationship to Donald Trump and how he has such access in the federal government.
US Importers Stockpile Italian Prosecco as a Hedge Against Tariffs
U.S. businesses are stockpiling Prosecco as a hedge against possible tariffs.
Breaking Down What Exactly Is Going on with These Tariffs
MarketWatch's Rob Schroeder helps us break down what is happening with tariffs implemented by the Trump admin., plus what Canada and Mexico have promised.
