Politics

All the latest news stories about politics, from elections and law-making to the subtle shifts that change our lives—and our finances
Mexico Says It Might Sue Google Over “Gulf of America” Change
Mexican President Claudia Sheinbaum says her government is not ruling out filing a civil lawsuit against Google if it maintains its stance of calling the stretch of sea between northeastern Mexico and the southeastern United States the “Gulf of America.” Sheinbaum, in her morning press conference on Thursday, said the president’s decree to change the name of the Gulf of Mexico is restricted to the “continental shelf of the United States” because Mexico still controls much of the body of water. “We have sovereignty over our continental shelf,” she said.
CPI Report Shows a Rise in Inflation
Stocks falling sharply after some disappointing news on inflation on the heels of Federal Reserve Chairman Jerome Powell saying the Fed is in no hurry.
Elon Musk Joins Trump in Oval Office
President Trump and Elon Musk held a joint appearance in the Oval Office, with Trump signing an executive order aimed at downsizing the federal workforce.
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.
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