Economy

A federal appeals court ruled Friday that many of President Donald Trump’s sweeping tariffs on foreign goods were unlawful, undercutting one of the central tools of his trade policy. The U.S. Court of Appeals for the Federal Circuit upheld a May decision finding that Trump overstepped his authorit...

A key inflation measure accelerated in July, highlighting how tariffs and broader economic pressures are affecting household budgets. The Consumer Price Index (CPI) rose 2.7% year over year, while “core” inflation, which strips out food and energy, climbed 3.1% — its fastest pace in five month...

President Trump is pressing forward with a dramatic overhaul of global trade, imposing some of the highest tariffs in modern U.S. history while announcing a flurry of new deals. The measures, set to take effect Aug. 7, mark a decisive break from decades of lower‑tariff policies and are already res...

U.S. inflation accelerated to 2.7% year-over-year in June 2025, the fastest pace in four months, according to new Consumer Price Index data. Seattle matched the national figure at 2.7%, but local prices are rising more quickly in the short term: the Seattle area saw a 1.4% increase over just the pas...

Washington state is bracing for major fiscal and social impacts following passage of a federal megabill that cuts Medicaid and SNAP funding while eliminating clean energy tax credits. Analysts estimate the law could cost Washington billions annually, reduce coverage for hundreds of thousands of resi...

Seattle officials have unveiled a sweeping reform to the city’s business and occupation (B&O) tax, aimed at closing a looming budget deficit while shielding small businesses from tax burdens. The measure — called the Seattle Shield Initiative — would increase the B&O tax exemption from...