40% believe the US is in a recession, according to a survey.
About 10% of Americans believe the US is in a recession, but a third disagree. A new poll from The Economist/YouGov, set to be released on Tuesday, sheds light on these views. The survey indicates that 40% of US adults feel the nation is experiencing a recession, while 35% do not share that belief. Interestingly, […]
Concerns grow among businesses as US-China tax treaty may be revoked before trade talks.
As Treasury Secretary Scott Bescent readies for trade discussions in Switzerland, there’s growing concern among businesses regarding the potential cancellation of a tax treaty between the United States and China. American firms operating in China could face difficulties in retrieving profits. Business groups warn that if this treaty is terminated or scaled back, they may […]
Girl with two dolls this Christmas will have a ‘better life than her parents’
Treasury Secretary Scott Bescent addressed economic uncertainty on Tuesday, referencing President Trump’s doll analogy. In an appearance on Fox News Channel’s “The Ingraham Angle,” Bescent defended Trump’s idea that a cultural shift is necessary for consumer spending, suggesting this change could benefit American kids as rising prices correlate with increased tariffs. “Recently, a reporter here […]
Five Republicans from blue states prepared to block tax legislation due to state and local deductions.
A group of five Republicans from suburban districts is distinguishing itself from larger factions within the party that support increasing the controversial state and local tax (SALT) credit limits. These lawmakers are ready to collectively oppose a significant tax and spending reduction package central to President Trump’s agenda unless they receive the salary increase they’re […]
Duffy announces a plan this week to address the disorder at Newark Airport.
Transport Secretary Sean Duffy announced plans to address confusion at Newark Airport following delays experienced on Tuesday. “We’re hoping to make some progress by Thursday. However, it’s going to require substantial funding from Congress. It won’t take a decade, contrary to what Pete suggested,” Duffy stated during an appearance on CNN, referencing Pete Moonteen, the […]
Key Trump aides to discuss trade with Chinese officials in Switzerland
Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet with their Swiss and Chinese counterparts this week to talk about trade issues, especially in light of the ongoing tensions between the world’s two largest economies. Bessent is scheduled to travel to Switzerland on Thursday, where he will have discussions with […]
Republicans split on how Trump’s budget affects the Pentagon
Republican Divide Over Trump’s Budget Proposal The Republican Party is showing signs of division over President Trump’s budget, which lays out his vision for government funding through most of 2026. While hardline conservatives have praised the budget as a meaningful shift for the party to embrace as they begin drafting annual funding legislation, there are […]
Crypto sector encourages Senate to proceed with discussions on stablecoin legislation.
In light of recent actions by Republican leaders, some crypto-friendly Democrats are considering voting on related bills. Meanwhile, three significant Crypto Trade Associations are urging the Senate to prioritize Stubcoin legislation during this week’s discussions. The heads of the Blockchain Association, Crypto Council for Innovation, and Digital Chamber are advocating for the consideration of the […]
Trade deficit grows in the first quarter
The US trade deficit expanded in the first quarter, largely influenced by President Trump’s tariffs impacting both the economy and international relationships. According to the US Census Bureau and the US Economic Analysis Bureau, the goods and services deficit reached $1,400.5 billion in March, marking an 8% rise from the previous month. This adjustment will […]
How outdated technology is contributing to the FAA’s issues
Transport Secretary Sean Duffy has taken steps with the Federal Aviation Administration (FAA) to address a significant shortage of air traffic controllers, though outdated equipment has been a longstanding issue affecting air travel safety. This week’s flight disruptions at Newark Liberty International Airport highlighted the connection between outdated technology and the insufficient number of available […]