EXIM signs a letter of support for NioCorp’s Elk Creek mine as a federal loan moves closer
The export credit agency’s chairman and the energy secretary visited the Nebraska critical minerals project together.
Government & Institutional
The Supreme Court will decide whether DOGE’s internal records can stay secret
The justices agreed to hear the administration’s fight with a watchdog group over whether the body that cut federal jobs and funding is subject to open-records law.
The White House says manufacturing is reshoring as Trump attacks the Supreme Court’s tariff ruling
The Council of Economic Advisers says the sector is growing under the administration’s policies, while the president blames a court ruling for lost tariff revenue he has not quantified.
Fed survey shows median family net worth up 2 percent and financial stress rising
The triennial Survey of Consumer Finances found middle and lower earners gained real income while high earners lost ground.
War Department lends Wolfspeed $1.5 billion for a stake and adds $350 million for quantum
The Pentagon’s Office of Strategic Capital offered Wolfspeed a conditional loan that comes with an equity stake of up to 7.5 percent, and announced a $350 million quantum computing package the same day.
CBO puts the fiscal 2026 federal deficit at $2 trillion
The Congressional Budget Office estimates the government borrowed $2.0 trillion in the year to September 30, and has published scenarios showing what higher interest rates would do to the debt.
Trump defers the federal diesel tax and opens dyed diesel to highway use
An executive order lets off-road fuel run on highways through the end of the year, and governors are following.
Trump defers the diesel excise tax weeks before the midterms
An executive order temporarily opens highway use of tax-free dyed diesel and defers the federal excise tax on that fuel through the end of the year.
Fed Watchdog Clears Powell of Criminal Wrongdoing; Trump Renews Removal Push
The central bank’s inspector general found no grounds for a criminal referral over the headquarters renovation, and the president repeated his demand that the former chair quit the board anyway.
Trump announces a $15 billion Mesabi Metallics steel mill in Iowa
The White House calls the project one of the largest steel plants in American history, with production targeted for 2030.
Trump extends the $100,000 H-1B charge for another year
A new executive order and proclamation carry forward the restrictions first imposed on the skilled-worker visa in 2025.
Trump signs the Russia and Iran sanctions act, with tariff powers attached
Congress has granted the president broad new tariff authority over the countries that buy Russian oil, days before Xi Jinping arrives in Washington.
Bank regulators propose third-party risk guidance and widen the 18-month exam cycle
The Fed board split six to one on new guidance covering banks’ core service providers, with Michael Barr dissenting.
Appeals court strikes down the order keeping a Michigan coal plant open
The D.C. Circuit found the Energy Department failed to justify forcing the J.H. Campbell plant to keep running past its retirement date.
Trump Bans Canadian Dairy, Alcohol and Motorcycles Under a 1930 Tariff Law
Five proclamations move the North American trade war from tariffs to outright import bans, taking effect at the end of September.
CBO Puts the Federal Deficit at $2.0 Trillion Through Eleven Months
The Congressional Budget Office estimates the deficit totalled $2.0 trillion in the first 11 months of fiscal 2026, $6 billion less than the same stretch a year earlier.
Trump Orders Import Bans on Canadian Alcohol, Dairy and Motorcycles
The escalation moves the fight with Canada past tariffs into outright exclusion, with the prohibitions due to take effect in three weeks.
Trump bans Canadian alcohol, dairy and motorcycles as Ottawa’s tariffs bite
Washington moved from tariffs to outright import prohibitions hours after Canada’s retaliatory duties took effect.