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The Latest Breaking News from Kevin Hassett

Senate vote fails again as shutdown becomes one of the longest in US history

Eleventh vote fails on 50-43 tally as Congress remains deadlocked on legislation after weekend No Kings protests

The Guardian - US

"Clever and generous" farm bailout coming, Hassett says

Soybean farmers have seen their top export market — China — close completely.

Axios

Trump's Fed Chair Shortlist Narrows To Five Doves: Who Are They?

Following a series of intense interviews, Treasury Secretary Scott Bessent has reportedly cut President Donald Trump's list of Federal Reserve chair candidates to down to five, from an initial pool of eleven.

Benzinga

From analysis to the latest developments in health,
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Trump adviser repeats threat of mass federal layoffs as shutdown talks stall out

Economic council director says White House will judge Monday whether Democrats are willing to talk

The Independent UK

Trump adviser: Layoffs will start if shutdown negotiations are "going nowhere"

Kevin Hassett put the onus on Democrats, saying it's "common sense to avoid layoffs like that."

Axios

Trump Will 'Take Over The Fed,' Larry Kudlow Says

Economist Larry Kudlow predicts President Donald Trump will make big moves at the Federal Reserve when Chairman Jerome Powell steps down.

Benzinga

Revisions and rising unemployment: what to know about the US jobs report

August’s report gave signs of a cooling labor market with negative job numbers for the first time since 2020 – here’s what we learned

The Guardian - US

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President Trump Explores Government Equity Stakes In Private Companies

President Trump's announcement on U.S. acquiring stake in Intel, defense industry deals, and tariff changes with India, reflecting evolving economic policies.

Top News

MAGA ‘Shark Tank’ star rages against Trump’s ‘really, really bad idea’ to take stake in Intel

Kevin O’Leary’s condemnation of the Intel decision comes as the president’s top officials insist that the administration will be making similar moves down the line.

The Independent UK

Burn, Baby, Burn

Plus: Government stake in Intel, inside the DNC, RFK Jr. brings back whole milk, and more...

Reason

Trump Advisor Says US May Take Stakes In Other Firms After Intel

The US government could take stakes in other companies after doing so with chipmaker Intel, President Donald Trump's top economic advisor Kevin Hassett said Monday.

International Business Times

Inflation, Fed Leadership and Other Key Things to Watch this Week

Markets face a pivotal week as the S&P 500 navigates mounting political pressure on Federal Reserve Chair Jerome Powell amid growing calls for more aggressive rate cuts following recent labor market weakening.

Barchart

Trump-Backed Push For Rate Cuts Intensifies As Scott Bessent Leads Search For Fed Chair To Succeed Jerome Powell: Report

As President Donald Trump continues to push for lower interest rates, the search for a successor to Federal Reserve Chair Jerome Powell has expanded, with U.S. Treasury Secretary Scott Bessent at the helm.

Benzinga

Here's What Happens to the Economy if Trump Fires Jerome Powell and Installs a Loyalist at the Fed

The Fed should be replaced by free markets, not unbridled presidential power.

Reason

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Fortune

Who’s on Trump’s short list for Jerome Powell’s replacement

Trump confirmed Treasury Secretary Scott Bessent declined the role, saying, “I want to work with you,” while market-watchers weigh how each candidate could impact Fed independence and dollar strength.

Euronews

Trump narrows Fed chair candidates to four, excluding Treasury Secretary Bessent

Trump said in an interview with CNBC that he had removed Treasury Secretary Scott Bessent from consideration for Fed chair because Bessent wanted to remain in his current role.

Benzinga

Trump Slams 'Rigged' Jobs Data After Firing BLS Chief, Mentions Two Possible Fed Chair Picks

Just days after firing Bureau of Labor Statistics Commissioner Erika McEntarfer, President Donald Trump reignited criticism of the agency, accusing it of publishing "rigged" employment data to favor Joe Biden during the 2024 election.

The Independent UK

Trump team looking to Joe Rogan for help amid lingering Epstein-Ghislaine Maxwell fallout, report says

Vice President JD Vance denied strategy dinner he was set to host with Justice and FBI leadership was about handling of ongoing Jeffrey Epstein case

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Roll Call

Trump signals higher tariffs, defends firing of BLS chief in combative CNBC interview - Roll Call

A defiant President Trump defended his firing of a top government jobs monitor and said he would like to run again in 2028.

Barchart

America’s Top Labor Board Official Just Gave Trump Everything He Needed to Pressure Fed Chair Powell To Lower Interest Rates — Then He Fired Her

President Donald Trump has dismissed Erika McEntarfer, the head of the Bureau of Labor Statistics (BLS), following the release of a weaker-than-expected July jobs report. The move has drawn national attention due to its timing, coming amid both economic uncertainty and ongoing discussions about the Federal Reserve’s interest rate policy.

International Business Times

Trump Says To Name New Labor Statistics Chief This Week

President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market.

International Business Times

Trump Says Will Name New Economics Data Official This Week

US President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief -- after ordering her dismissal as a new report showed weakness in the US jobs market.

Fortune

Fired BLS head joins list of people fired by Trump

She joins a growing list of people fired by Trump since January.

Al Jazeera

White House advisers defend Trump’s firing of official behind jobs data

Trump administration officials question data amid condemnation of dismissal of Bureau of Labor Statistics head.

The Independent UK

Trump officials scramble to justify firing of economic statistician – as critics say ‘scary’ move is a sign of ‘authoritiarianism’

Trump’s allies defend firing of ‘propaganda’ author, but won’t echo president’s claims numbers were cooked by Biden appointee

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