Tag Archives: economy

Democratic voters’ low view of the economy could be a “threat” to President Biden’s re-election, a New York Times report warned. A recent poll from the Times and Siena College found 62 percent of Democratic voters across six battleground states rated the economy as only “fair” or “poor.” That should …

The Biden administration continues to cancel billions in student loans despite the Supreme Court’s rejection of the president’s plan to forgive up to $430 billion in student debt. The White Housejust announced another $4.8 billion tranche of forgiven loans for 83,000 individuals, a gift of nearly $60,000 per borrower. This …

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 …

FIRST ON FOX: Americans are voting with their feet, leaving high-tax, high-regulation states like New York and New Jersey behind. Unleash Prosperity is now warning that these states aren’t just losing residents — they’re losing wealth. Billboards that say “New Yorkers aren’t moving up, they’re moving out!” and “New Jersey …

Americans in some cities are spending nearly four times more of their income on groceries than others, a new analysis shows, with the hardest-hit households mainly in the Midwest and South. Residents of Detroit spend the largest share of their income on groceries — nearly 3.8% — followed closely by …