Howard Lutnick said tariffs are essential for supporting U.S.-based manufacturing and won't trigger inflation while undergoing a Senate confirmation hearing on Wednesday.

This is a collection of photos chosen by AP photo editors.

Billionaire businessman Howard Lutnick got a step closer to potentially serving as the next Commerce secretary after largely sailing through his confirmation hearing Wednesday before a U.S. Senate panel.

Democrats are looking to exploit the Commerce secretary nominee’s vast wealth and financial entanglements at his confirmation hearing Wednesday.

Several of President Donald Trump's Cabinet nominees underwent intense questioning on Capitol Hill as they seek to be confirmed into the administration.

Even as he stumped for Donald Trump, Howard Lutnick’s commercial real estate firm was wooing clients across the southern border.

Howard Lutnick, the financier President Trump has picked to lead the Commerce Department, said he favored “across-the-board” tariffs and was grilled about his financial ties in a nomination hearing Wednesday.

The U.S. government has stated that Canada and Mexico could still avoid hefty tariffs if they take action to curb fentanyl trafficking at their borders while also committing to slowing China’s advancements in artificial intelligence.

Will the Senate GOP confirm controversial picks like Tulsi Gabbard and RFK Jr.? Here’s the hearings schedule and list of who’s been confirmed.

Fed Stands Pat, Entering New Wait-and-See Phase; ECB Rate Decision in Focus By Vicky Ge Huang After cutting interest rates by a cumulative percentage point in the last three meetings of 2024, the Federal Reserve is hitting the pause button until it has a better idea of where inflation is headed next.

Microsoft and OpenAI investigate alleged unauthorized data access by DeepSeek-linked individuals while U.S. officials and tech leaders raise concerns about potential IP theft