Tag Archives: economy

Rep. Alexandria Ocasio-Cortez, D-N.Y., said the U.S. economy was in a “crisis” on Sunday, seemingly contradicting President Biden on a core pillar of his re-election campaign. “Our economy is in a special kind of crisis. Our whole economy is in a special kind of crisis,” the progressive lawmaker said at …

A major trend among mainstream media outlets and pundits in 2023 was them attempting to convince Americans the economy has been doing well under President Biden. A majority of Americans consistently tell pollsters that they believe the economy is doing poorly, however, leading to a disconnect of sorts as conditions …

The defining promise of Donald Trump’s 2024 campaign was lower costs on “Day One.” He broke it. The first six months of this administration have been marked by ever-higher prices. Republicans in Congress would be wise to remember that voters are never quicker to fire elected officials than when they …

I was almost expecting it when the KMarts and Walmarts of the world announced their stores would be open this year on Thanksgiving night. Sigh. It seemed to reflect that good ol’ American over-the-top holiday consumerism which seems to creep up on us closer and closer to Labor Day every …

As someone whose life’s work is helping small businesses navigate our nation’s complex tax system, I have witnessed firsthand how the Internal Revenue Service has become an outsized force that too often targets those least equipped to fight back. While the agency has long maintained that its enforcement efforts are …

Treasury Secretary Scott Bessent recentlydeclaredthat President Donald Trump’s administration is considering declaring an emergency situation forhousing.He pointedouttheweakest summer home sales in a decade, withmore than 15%of transactions falling through in July,thehighest cancellation rate since record-keeping commencedin 2017. Prices, though below pandemic levels,arestill too lofty for working- and middle-class Americans. Bessent …

A segment on CBS’ “60 Minutes” Sunday night suggested record-high stock market levels under President Donald Trump could be a precursor to another crash similar to 1929. Host Lesley Stahl spoke with CNBC’s Andrew Ross Sorkin about his upcoming book “1929,“ which explores the economic and social buildup to the …

Walk onto any construction site in America, and you’ll hear the same story: We can’t find enough skilled workers. Electricians, welders, HVAC technicians, plumbers and heavy-equipment operators are in dangerously short supply, and the gap is widening. Nvidia CEO Jensen Huang recently warned that building America’s artificial intelligence infrastructure will …

At 12:01 a.m. ET on Wednesday, the federal government entered its first shutdown since 2018, after two competing funding proposals, one from Democrats and another from Republicans, failed in the Senate. The setback deepened the stalemate, with neither side showing willingness to concede. Though once uncommon, government shutdowns have grown …

Iwarned in May that America’s farm economy was under attack — that tariffs, Agriculture Department program cuts and political posturing in Washington were hammering farmers from the farm gate to the dinner plate. Four months later, that picture has only grown worse. Across the Midwest, combines sit idle and bins …