Library grants restored after court order

The Trump administration has restored library grants after a court ruled that attempts to defund the Institute of Museum and Library Services (IMLS) were unlawful. This decision follows a lawsuit by 21 attorneys general against budget cuts. The IMLS, which funds libraries and museums, reinstated all federal grants, benefiting libraries nationwide. The American Library Association celebrated the decision but urged continued advocacy for library funding.

Economy will be stronger in 2026 when tax cuts kick in: Steve Moore

Former Trump advisor Steve Moore and Evenflow Macro managing partner Marc Sumerlin discuss the economy under the Trump administration, the affordability issue across the country and more on 'Kudlow.'

US Supreme Court revives pro-Republican Texas voting map

The U.S. Supreme Court reinstated a Texas electoral map favoring Republicans, aiding Trump's 2026 congressional control efforts. The map, blocked by a lower court for racial discrimination, could shift five Democratic seats to Republicans. The decision highlights ongoing partisan redistricting battles, with racial gerrymandering remaining unconstitutional. The ruling supports Texas Republicans' map, despite civil rights groups' opposition.

Hassett: If appointed as the Chairman of the Federal Reserve by President Trump, I would lower interest rates by about 25 basis points

PGIM warns: Even with Harker at the helm of the Federal Reserve, there is no ability to "quickly cut interest rates" as Trump wishes

Gregory Peters, Co-Chief Investment Officer of PGIM Fixed Income, warned that even if Hassert is appointed as the Chairman of the Federal Reserve, it would be difficult for him to quickly lower interest rates as Trump wishes, because the Fed's interest rate decisions are made collectively by the committee. The market's concerns that Hassert may cater to Trump have translated into a risk premium, affecting the pricing of global sovereign bonds. Peters questioned Hassert's ability to build consensus within the committee and pointed out that the independence of the Federal Reserve remains a major concern for investors