Explain tariffs to me: What are they? How do they work?

A tariff is a tax imposed on imported goods and services. Here's what to know about them, why they're used, and what economists say.

U.S. tariffs on Mexico, Canada, China in effect
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New U.S. tariffs on imports from Mexico, Canada, and China take effect Tuesday, marking the most aggressive use of trade sanctions in decades.

Chipotle CEO shares how restaurant chain will handle Trump tariff costs

Chipotle’s CEO detailed how the company will handle President Donald Trump’s tariff-related cost increases. Here's what to know.

Citibank makes an $81 trillion error. What we know

The financial mistake was corrected after it was caused by what a company spokesperson called an “inputting error."

Eggs are not the only expensive food: Beef prices are also on the rise

A lot of attention has been focused on high egg prices due to the bird flu. However, the price of beef is also on the rise as production isn't keeping pace with demand.

Trump's tariffs on Mexico and Canada planned for Tuesday; China tariffs to double

President Donald Trump's 25% tariffs on Mexico and Canada are expected to go into effect on March 4, as critics warn it will drastically raise prices in the U.S.

National Park, Forest Service employees laid off
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Thousands of National Park Service and U.S. Forest Service employees are being laid off as part of a federal workforce downsizing plan by President Trump and Elon Musk.

Trump administration directs agencies to plan for massive layoffs

The Trump administration has issued a memo instructing federal agencies to develop plans for significant reductions in their workforce, aiming to streamline government operations.

Minimum wage earners must work impossible number of hours to afford rent: report

Despite many minimum-wage workers living in apartments with below-average rents, they’re still spending more than 30% of their income on housing.

Did no-tax-on-overtime pass? What to know after House adopts budget resolution

The framework that passed on Tuesday is only a budget resolution to set overall targets for the future and does not change tax law. Here's what's next.

Social Security payments rising for millions after new law: Who qualifies?

Millions of retired teachers, firefighters, and police officers will see higher Social Security benefits following changes to federal law. Here’s what to know.

Denny's temporarily adds egg surcharge as bird flu drives up prices

Denny’s joins several restaurants that are charging extra for eggs on the menu as the nation manages an egg shortage and bird flu crises.

DOGE latest: Nearly 40% of canceled contracts may save no money, data shows

DOGE claims to have found $65 billion in federal government savings so far, but more than 400 contracts worth millions of dollars are drawing questions.