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The administration filed notice to appeal a federal court decision that expanded tariff refund eligibility to all U.S. importers. The ruling had allowed any company that paid invalidated duties to seek repayment.
wwd.comThe administration filed notice to appeal a federal court order that extended tariff refund eligibility to all U.S. importers rather than limiting refunds to companies that had filed lawsuits. The appeal was submitted to the court that issued the original order. Officials stated the filing seeks to halt the ongoing repayment process while the case proceeds.
House communications director Anthony Scaramucci stated that inflation and rising housing costs have placed financial strain on millions of American households. Scaramucci said many households can no longer afford the median-priced U.S. home.
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ForbesFederal investigators have traced iceberg lettuce supplied by Taylor Farms to Taco Bell locations in five states as a potential source. Michigan has recorded 4,312 confirmed cases and 102 hospitalizations as of July 16.
americanbanker.comA Federal Reserve official stated that current policy settings allow responses to incoming economic information. The remarks offered no specific projections or rate commitments.
washingtonpost.comMajor U.S. indexes ended Friday lower after chipmakers and other AI-related companies fell. The S&P 500 dropped 0.5 percent while the Nasdaq composite declined 1.2 percent.