Key advisors to Bill Clinton say ‘significant, appealing bill’ presents ‘major threats to our economy’
Clinton-Era Treasury Secretaries Warn on Trump’s Economic Policies Two former Treasury secretaries from the Clinton era have raised concerns regarding President Trump’s tax and spending proposals. They argue that the current administration’s strategy could significantly harm the U.S. economy. In an opinion piece for the New York Times, Robert Rubin and Larry Summers liken today’s […]
US stocks rise and yields jump on signs of a strong US economy
US Stocks Surge to New Heights US stocks are on the rise once again, hitting record levels on Thursday following a report that pointed to a stronger-than-expected job market. The S&P 500 is poised to achieve its fourth all-time high in just five days, climbing 0.8% during midday trading. The Dow Jones Industrial Average saw […]
More Trump supporters believe he is more accountable than Biden for the economy, according to a survey.
Trump Voters Attribute Economic Responsibility to Current Administration A recent survey indicates that voters who backed Trump in the 2024 presidential election tend to view their economic situation as more a result of current policies than those from the previous administration. According to the latest polls by Wall Street Journal/YouGov, 46% of Trump supporters believe […]
Trump’s FCC head shares key focus areas, including leading in the space economy
FCC Chair Outlines Priorities for Space Economy Brendan Kerr, chair of the Federal Communications Commission (FCC), delivered his first significant speech in this new role within the Trump administration, outlining six main priorities for his term, particularly focusing on advancing the United States’ position in the “space economy.” “We continue to progress from the ground […]
Trump’s economy: A vulnerable aspect of MAGA’s foundation
Trump’s Reign and Economic Challenges for Democrats It’s interesting how President Trump gives Democrats plenty of reasons to react, perhaps that’s part of his strategy. His recent major policy bill threatens to cut millions of Americans’ access to medical care and food assistance. He’s also overstepped his authority, which has led to hostile actions against […]
Global economy at a critical juncture, says central bank group BIS
Global Economic Uncertainty Highlighted by BIS Report Recent assessments from the International Bank of Reconciliation (BIS) indicate that trade tensions and geopolitical risks are revealing significant flaws in the global financial system. Agustin Carstens, the bank’s chief, pointed out that actions such as US-led trade wars suggest a notable shift away from the established economic […]
What Does Small Business Confidence Reaching a Six-Year Peak Indicate for the US Economy?
Small Business Optimism Hits Six-Year High The National Federation of Independent Business reported that, in December, small and medium-sized enterprises (SMEs) reached an optimism index of 105.1. This marks a six-year peak, surpassing the long-term average of 98 over the last 51 years. Reasons Behind the High Optimism This surge didn’t occur overnight. It may […]
Economy falls off the list of top concerns for the first time this year: Survey
Recent polling indicates that, for the first time this year, economic concerns are no longer the top priority for most voters. According to a new Quinnipiac University National Poll released Thursday, the protection of democracy in the U.S. has emerged as the foremost issue, with 24% of participants citing it as their main concern, while […]
U.S. Economy Shrinks in First Quarter as Imports Rise and Spending Slows Down
The U.S. economy experienced a contraction in the first quarter of 2025, as consumer spending slowed down. The recent government data revealed a deeper decline than originally expected, largely driven by a surge in imports that widened the trade gap. According to the Commerce Department, the gross domestic product (GDP) dropped at an annual rate […]
New data reveals that the US economy contracted more quickly than anticipated.
GDP Growth Decline in First Quarter The gross domestic product (GDP) growth for the first quarter took a dip this Thursday, a trend that surprised many economists, primarily due to a drop in consumer spending. Currently, GDP sits at 0.5% on an annual basis, which is 0.3 percentage points lower than the previous measurement from […]