Welcome to The Hill’s Business & Economy newsletter, I'm Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
Essential Reads
The White House on Tuesday sent Congress a request to claw back $9.4 billion in funding for foreign aid and to public broadcasting — the first package that would codify the slashes spearheaded by the Department of Government Efficiency (DOGE).
Warren releases 130-accusation report on Elon Musk’s tenure
Full StoryJob openings and hiring increased slightly in April ahead of the Friday employment report from the Labor Department, which will be a major data point for the Federal Reserve as it determines the path for interest rates that undergird economic activity.
Tax Watch
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NEW YORK (AP) — U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign …
Good to Know
Citigroup reverses firearms policy after pressure from Trump administration on big banks (CNN) Trump’s USD1 stablecoin is off to a rocky start, data shows (CNBC) Consumers Are Financing Their Groceries. What Does It Say About the Economy? (NYT)Hegseth orders Navy strip oiler ship USNS Harvey Milk of name
The Supreme Court on Monday declined to take up a case that involves whether possessing AR-15s is protected by the Second Amendment, but the court’s conservatives are signaling they soon will. Read more
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