Republican presidential candidate Donald Trump said that he would allow Federal Reserve Chair Jerome Powell to finish his term at the helm of the central bank if he wins the November election.  "I would let him serve it out, especially if I thought he was doing the right thing," Trump said, according to a Bloomberg News interview that took place in June. Powell's term as chair ends in May 2026, while his position on the Fed board continues until 2028.

Joe Biden has renewed a call for Congress to ban assault rifles, including the model that was used in the failed assassination attempt on Donald Trump. Trump's ear was grazed by a bullet after a gunman shot at him from a nearby rooftop during a campaign rally in Pennsylvania on Saturday. “An AR-15 was used in the shooting of Donald Trump. This was the assault weapon that killed so many others, including children. It’s time to outlaw them,” Mr Biden told the audience at a convention in Las...

Germany will halve military aid for Ukraine next year, even with the possibility that Republican candidate Donald Trump could return to the White House and curb support for Kyiv. German aid to Ukraine will be cut to 4 billion euros ($4.35 billion) in 2025 from around 8 billion euros in 2024, according to a draft of the 2025 budget seen by Reuters. Germany hopes Ukraine will be able to meet the bulk of its military needs with the $50 billion in loans from the proceeds of frozen...

When former President Donald J. Trump met with House Republicans last month, he touched on a mix of policies core to his economic agenda: cutting income taxes while also significantly raising tariffs on foreign goods. Mr. Trump told Republicans he would “love to raise tariffs” and cut income taxes on Americans, potentially to zero, said Representative Marjorie Taylor Greene, Republican of Georgia. “Everyone was clapping in the room,” Ms. Greene said. “He said, ‘If you guys are going to go...

Former President Donald Trump said he’d support cutting the corporate tax rate to 15% from its current level of 21%, a move Sen. JD Vance said he opposed two months ago before he became Trump’s running mate. That difference reflects the difficulties in reconciling their ideologies, giving corporate America a bit of whiplash. The Ohio Republican has fashioned an image as an economic populist willing to confront Wall Street and other industry titans, which has unnerved some...

Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks that Taiwan should pay the U.S. for defense, claiming that the country “doesn’t give us anything.” His comment was in response to a question on whether he would defend Taiwan against China, as part of an interview with Bloomberg Businessweek published Tuesday.

Big names in tech are turning Donald Trump’s way, a shift likely to be accelerated by excitement over Elon Musk’s nine-figure commitment and former venture capitalist JD Vance joining the ticket. Those two developments have punctuated a brewing cultural change in traditionally liberal Silicon Valley, as investors and executives announce their support for Trump over issues including the Biden administration’s stance on artificial-intelligence regulation and crackdowns on...

WASHINGTON (AP) — Nearly two-thirds of Democrats say President Joe Biden should withdraw from the presidential race and let his party nominate a different candidate, according to a new poll, sharply undercutting his post-debate claim that “average Democrats” are still with him even if some “big names” are turning on him. The new survey by the AP-NORC Center for Public Affairs Research, conducted as Biden works to salvage his candidacy two weeks after his debate flop, also found that...

When Donald Trump on Monday chose Senator J.D. Vance of Ohio as his running mate it excited populists — and unnerved some business elites. Later that evening, the president of the Teamsters, Sean O’Brien, gave a prime-time speech at the Republican National Convention. “Over the last 40 years, the Republican Party has rarely pursued strong relationships with organized labor,” O’Brien said. “There are some in the party who stand in active opposition to labor unions — this too must change,” he...

Former rivals and current Senate hopefuls on Tuesday extolled former President Donald J. Trump’s record and denounced, sometimes inaccurately, the levels of illegal immigration and crime in the country. On the second night of the Republican National Convention, former primary challengers to Mr. Trump, including Nikki R. Haley, who served as United Nations ambassador in his administration, Gov. Ron DeSantis of Florida and Senator Ted Cruz of Texas made their case for Mr. Trump to return to...