Breaking news

• The case for more Fed rate cuts could rest on a 'systemic overcount' of jobs numbers - There are indications that policymakers will be more inclined to cut further if the labor market stays weak.
• Bessent to propose major overhaul of regulatory body created from financial crisis - EconomyBessent to propose major overhaul of regulatory body created from financial crisisPublished Thu, Dec 11 20258:00 AM ESTSteve Liesman@steveliesmanJeff Cox
• Here are the five big takeaways from Wednesday's Fed rate decision - The Fed approved a much-anticipated quarter percentage point interest rate cut at a meeting that was packed with intrigue and surprises.
• Divided Fed approves third rate cut, sees slower pace ahead - The Federal Reserve on Wednesday released its interest rate decision.
• The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect - The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.
• Trump officials move to end student loan payment pause for millions of borrowers - The Trump administration announced a proposed joint settlement with Missouri that would soon force millions of student loan borrowers into repayment.
• Layoff announcements this year top 1.1 million, the most since 2020 when pandemic hit, Challenger says - The firm said layoff plans totaled 76,835 in November, a step down from October but still enough to bring the 2025 total up to 1.17 million.
• Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision - The Treasury secretary cited several sections of 1962 Trade Act that give the president sweeping powers over import duties.
• November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports - The payrolls decline marked a sharp step down from October, which saw an upwardly revised gain of 47,000 positions.
• As regime change looms at the Fed, one candidate emerges as frontrunner for chair - President Donald Trump knows who he's going to select as the next Federal Reserve chair but isn't saying yet.