Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story What do you do with a record tax refund? The Treasury Department said in a release on Tax Day that as of April 14, the average tax refund this filing season was more than $3,400, an...

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story DOJ ends Fed renovations, Powell investigation The Department of Justice (DOJ) announced Friday it was dropping its criminal investigation into Federal Reserve Chair Jerome Powell and his handling of renovations at the central bank. © AP The announcement...

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Republicans fear string of shutdowns under Trump Senate Republicans who are scrambling to end the two-month shutdown of the Department of Homeland Security (DHS) fear that Democrats will trigger an even bigger government shutdown in October...

President Trump's effort to push out Federal Reserve Chair Jerome Powell is threatening his ability to finally replace his nemesis. The Senate Banking Committee is scheduled to hold a confirmation hearing Tuesday for Kevin Warsh, the former Fed board member Trump nominated to replace Powell as Fed chair. Trump has spent more than four years...

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Trump's feud with Powell threatens Fed transition President Trump's effort to push out Federal Reserve Chair Jerome Powell is threatening his ability to finally replace his nemesis at the central bank. © AP Photo The Senate...