The White House said President Donald Trump’s order this week pausing the disbursement of funds appropriated under his predecessor’s signature climate and infrastructure laws mainly applies to programs that discourage fossil fuel development or boost electric vehicles.

Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.

The White House Office of Management and Budget (OMB) issued new guidance Wednesday clarifying limits to the disbursement of Inflation Reduction Act (IRA) funds ordered by President Trump Monday.

President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

The executive order demanded an immediate pause to some IRA-related federal funding. Funding for which projects? It wasn't clear.

President Trump, starting his second term, began a slew of executive actions by rescinding 78 Biden-era executive orders, executive actions, and presidential memoranda.

Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.

Trump rescinded Executive Order 14087, "Lowering Prescription Drug Costs for Americans," which directed Medicare and Medicaid agencies to research and implement models for lowering the costs of prescription drugs. Separate provisions in the Inflation Reduction Act of 2022 also aimed at lower prescription drug costs are still in effect.

The U.S. economy has successfully achieved a soft landing, with inflation returning to more normal levels while the labor market grows steadily, said Lael Brainard, the director of the White House National Economic Council,

WASHINGTON — President Donald Trump spoke to Saudi Arabia's Crown Prince Mohammed bin Salman on Wednesday in his first call with a foreign leader of his second term, appearing to renew efforts from four years earlier to strengthen U.S. ties to the kingdom.

Among President Donald Trump's volley of executive orders on inauguration day were several targeting the heart of inflation: housing and energy costs.