Economics

President Donald Trump promised to pay Americans at least $2,000 funded by tariff revenues, except high earners, while critics warned it could stoke inflation and faced legal hurdles.

Douglas A. Irwin, Daniel W. Drezner, Hakan Yilmazkuday, Dean Baker, Robert Wolfe and 10 more

Der Spiegel, The Washington Post, The Independent and 2 more

Wall Street rallied as optimism that a U.S. government shutdown was nearing an end drove gains, with the Nasdaq up about 2.3% and the S&P 500 rising 1.5%.

Laurence J. Kotlikoff, Justin Wolfers, Cem Işık, Iikka Korhonen, Will Jennings and 4 more

Germany's Economy Minister Katherina Reiche unveiled an "Agenda 2030" urging structural reforms, subsidy cuts and a tighter state focus, saying the situation was serious and risking friction with the SPD.

Menzie Chinn, Katja Rietzler

President Donald Trump pardoned Rudy Giuliani and 77 allies accused of trying to overturn the 2020 election, a move largely symbolic because it cannot block state prosecutions.