Moody’s Investors Service downgraded the US sovereign credit rating from Aaa to Aa1, citing the nation’s increasing debt as a major concern, complicating President Donald Trump’s tax-cut efforts and impacting global markets.

Global markets have slightly recovered from recession after China and the US decided to reduce reciprocal tariffs by 115%.

US President Donald Trump touts the "great progress" made in US-China trade talks.

Medicaid, the third largest federal expenditure, is under threat due to Donald Trump's first budget, which could shift healthcare costs to the working poor.

A federal judge has issued a temporary injunction, effectively blocking President Donald Trump’s executive order that sought to enable the administration to lay off tens of thousands of federal employees and eliminate specific government agencies.

The European Union has proposed countermeasures on up to 95 billion euros ($107 billion) of US imports, including cars and planes, should negotiations with US President Donald Trump’s administration fail to deter a trade war.

The US posts record high trade deficit for March when imports rose in anticipation of Trump’s tariffs.