Author: Daniel snow

The U.S. Institute of Peace in Washington, D.C., on March 17, 2025.Stefani Reynolds | Bloomberg | Getty ImagesA federal judge on Monday ruled that the Trump administration and Department of Government Efficiency’s takeover and gutting of the U.S. Institute of Peace were unlawful.The decision declaring DOGE’s actions at USIP “null and void” is the latest in a series of judicial rebukes of efforts by President Donald Trump and the so-called DOGE to slash the size of the federal government. DOGE has been led by Trump advisor Elon Musk.The ruling came two months after DOGE team members took over the headquarters…

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Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.Bloomberg | Bloomberg | Getty ImagesBridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.”You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media…

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U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via ReutersChina on Monday accused the United States of undermining the two countries’ preliminary trade agreement after the U.S. issued an industry warning against using Chinese chips.Beijing has “demanded” that the Trump administration “correct its mistakes,” calling the U.S. Commerce Department’s guidance “discriminatory” and “market distorting.””China urges…

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