Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
Essential Reads
Elon Musk said Friday he will rehire a former Department of Government Efficiency (DOGE) staffer who resigned after several of the aide’s racist social media posts were exposed.
Trump delayed tariffs on low-cost packages from China
Full StoryTrader Joe’s patrons nationwide have taken to social media to comment on a new policy that limits the amount of eggs shoppers can buy.
Tax Watch
Speaker Mike Johnson (R-La.) said House Republicans will continue discussions into Super Bowl weekend over how to advance President Trump’s tax agenda.
“We may have a little bit more work on Saturday and Sunday at the Super Bowl, but we are very, very close, and I’m very optimistic and happy with how things are going,” Johnson told reporters on Thursday.
Johnson expressed optimism that Republicans could begin marking up a budget resolution as early as next week.
“We’re continuing to make progress,” House Majority Leader Steve Scalise (R-La.) told reporters. “Obviously, you know, get to a point where we can bring this to the Budget Committee is our goal for next week, and we’re going to keep working tomorrow through the weekend to iron out the final details.”
Johnson is expected to attend the Super Bowl, along with Trump, in New Orleans.
The development comes as lawmakers are racing to complete the final details of the sprawling package as the Senate threatens to move on its contrasting strategy.
The Hill’s Emily Brooks and Mychael Schnell have more here.
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In Other News
WASHINGTON (AP) — President Donald Trump on Friday suggested that Nippon Steel would no longer buy …
Good to Know
DOGE targets Consumer Financial Protection Bureau as Musk says ‘RIP’ (The Washington Post) The Mood of the American Consumer is Souring (The Wall Street Journal) The Super Bowl Ads, Ranked (The New York Times)Trump to name himself new Kennedy Center board chair
President Trump said he will be revoking former President Biden’s security clearance and stopping the former commander-in-chief’s daily intelligence briefings. Read more
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