Supreme Court lets Trump proceed with broad workforce cuts

The US Supreme Court let President Donald Trump move ahead with plans to dramatically reduce the size of the federal government, lifting a court order that had blocked 19 federal departments and agencies from slashing their workforces. Granting a Trump request over one dissent, the justices on Tuesday cleared the administration to implement Trump’s Feb. 11 executive […]

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HUD, lenders offer aid after deadly Texas floods

The Department of Housing and Urban Development will make mortgage relief measures available in the wake of the Central Texas flooding disaster, joining others in the home lending community offering aid to hard-hit communities.  With President Trump issuing a disaster declaration for Kerr County, Texas, over the weekend, a 90-day foreclosure moratorium on properties backed

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Federal Reserve building in Washington, D.C.

Treasuries extend drop as pressures build on longer-dated debt

Andrew Harrer/Bloomberg Treasuries slipped across the curve Tuesday, pushing yields two to four basis points higher and the 30 year approaching 5% for the first time since May.  Yields have been rising as investors pare bets on the Federal Reserve’s interest-rate cuts following a jobs report that revealed a surprisingly resilient US labor market. Interest-rate

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