Meet Steve Davis, Elon Musk’s Top Lieutenant Who Oversees DOGE

Elon Musk declared last month that the federal government was engaged in “utterly insane” activity, claiming without evidence that it had distributed $100 billion to people without Social Security numbers. Two days after Mr. Musk’s comments, one of his key lieutenants, Steve Davis, began pressing the Social Security Administration for information. Mr. Davis called the … Read more

Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress

The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting. The March meeting was the central bank’s most direct acknowledgment to date that President Trump’s policies are set to have a real impact on the economy, stoking significant uncertainty about where inflation, growth and — ultimately — interest rates are headed. … Read more

Musk Donates to G.O.P. Members of Congress Who Support Impeaching Judges

Elon Musk has made the maximum allowable donation to Republican members of Congress who support impeaching federal judges who are impeding actions taken by President Trump, according to five people with knowledge of the matter. Mr. Musk has given the maximum hard-dollar donations he could to the campaigns of seven Republicans who have either endorsed … Read more

Federal Reserve Extends Pause on Rate Cuts

new video loaded: Federal Reserve Extends Pause on Rate Cuts transcript Back transcript Federal Reserve Extends Pause on Rate Cuts The Trump administration’s tariffs most likely mean “further progress may be delayed” on getting inflation back to the Federal Reserve’s 2 percent target, the central bank’s chair said. Labor market conditions are solid and inflation … Read more

Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress

The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting. The March meeting was the central bank’s most direct acknowledgment to date that President Trump’s policies are set to have a real impact on the economy, stoking significant uncertainty about where inflation, growth and — ultimately — interest rates are headed. … Read more

Risking Trump’s Ire, E.U. Accuses Apple and Google of Unfair Practices

European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in … Read more