US deficit grows to $291 billion in July despite tariff revenue surge
The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President...
Trump’s new executive order threatens US scientific freedom
A new executive order grants Trump appointees authority over all US federal research funding. Critics say the order is an authoritarian assault on science. The US position...
US budget deficit has widened by $109B from a year ago despite influx of tariff revenue
The U.S. federal government's annual budget deficit has widened by $109 billion so far this fiscal year despite an influx of tariff revenue to the government's coffers....
Trump’s broad tariffs go into effect just as U.S. economic pain is surfacing
President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun...
Trump’s threats of using military on US soil are getting more real
It’s been evident for a long time that President Donald Trump is quite fond of the idea of dispatching the US military on domestic soil. It’s one...
Proposing a False Narrative of the American Dream
In an age of growing wealth disparities, politicians on both sides of the aisle are sounding the alarm about the fading American Dream. Yet despite...
U.S. Imports Slid in June on Higher Tariffs
Imports from other countries fell around 4 percent from the previous month as President Trump’s steep tariffs discouraged businesses from ordering goods. U.S. imports of...
Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says
Americans could see inflation tick higher in 2025 as businesses start to pass on the cost of the Trump administration's tariffs to consumers through price...
White House defends firing of labor official as critics warn of trust erosion
White House economic advisers on Sunday defended President Donald Trump's firing of the head of the Bureau of Labor Statistics, pushing back against criticism that...