Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
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news
3 Blue States Could Be at Fault in Fatal Florida Car Crash, Transportation Secretary Says
The U.S. Department of Transportation is investigating three blue states’ possible involvement in an Aug. 12 fatal car crash in Florida that killed three. Illegal immigrant truck driver Harjinder Singh stands accused of causing the crash by making an illegal U-turn on the Florida Turnpike 19 miles north of Fort Pierce in St. Lucie County. He… -
news
EXCLUSIVE: Trump to Sign Order Elevating Office of Space Commerce
FIRST ON THE DAILY SIGNAL—President Donald Trump is expected to sign an executive order elevating the Office of Space Commerce, The Daily Signal has learned. The order will move the office out of the National Oceanic and Atmospheric Administration, an agency focused on the condition of the oceans, atmosphere, weather, and climate. The Office of… -
news
EXCLUSIVE: Commerce Department to ‘Immediately’ Make Census ‘Reflect the Number of Legal Residents’ in US
FIRST ON THE DAILY SIGNAL—After President Donald Trump called for a new census excluding illegal immigrants, the Department of Commerce told the Daily Signal it will “immediately” change course to “reflect the number of legal residents in the United States.” Trump ordered the Department of Commerce to start work on a new census in which… -
news
EXCLUSIVE: 1,500 Truck Drivers Taken Out of Service for Poor English Following Transportation Department Directive
FIRST ON THE DAILY SIGNAL—Following new guidelines from Transportation Secretary Sean Duffy to enforce English language proficiency for commercial truck drivers, 1,500 drivers have had their licenses placed out of service by law enforcement, The Daily Signal has learned. “‘America First’ means safety first. Americans are a lot safer on roads alongside truckers who can… -
news
EXCLUSIVE: Trump Transportation Department Reforms Biden ‘Climate Justice’ Program
FIRST ON THE DAILY SIGNAL—President Donald Trump’s Department of Transportation is moving away from the Biden administration’s climate justice initiative, which made it harder and pricier to build buses. Joe Biden’s transportation secretary, Pete Buttigieg, forced grant recipients of a $1.5 billion Federal Transit Administration grant program to build buses in accordance with low or… -
news
Records Reveal How Democrat AGs Collaborated on Anti-Trump Legal Strategy Before Inauguration
FIRST ON THE DAILY SIGNAL—As early as July of last year, during the heat of a presidential race, a group of Democrat state attorneys general coordinated on challenging the White House on environmental policy. Fast forward to 10 days after Republican Donald Trump was elected to another term as president, and Democrat attorneys general from… -
news
Freedom Caucus Chief Outlines Strategy to Cut Spending, the Deficit
A few hours before a House vote on whether to defund foreign aid and public broadcasting, House Freedom Caucus Chairman Andy Harris, R-Md., shared his thoughts on how a heavily indebted America can right its fiscal ship of state. The rescissions package the House is considering would eliminate $9.4 billion in spending through cuts to… -
news
Trump’s Rescissions Package Becomes First Heritage Action Key Vote of Session
Heritage Action has scored President Donald Trump’s rescissions package as its first key vote of the 119th Congress. The rescissions package passed the House of Representatives on Thursday afternoon. “Heritage Action applauds the work President Trump and his administration have done to deliver a bold rescissions package to Congress,” Heritage Action Executive Vice President Ryan… -
news
Newsom’s Threat That California Might Withhold Federal Taxes Called ‘Reckless,’ ‘a New Low’
Republican members of Congress on Wednesday assailed Democrat California Gov. Gavin Newsom’s suggesting that it might be time for his state to cut off taxpayer money going to the federal government. Addressing the matter in a June 6 post on X, Newsom said, “Californians pay the bills for the federal government. We pay over $80… -
opinion
House Set to Rescind Woke and Wasteful Spending
This week, the House of Representatives is expected to vote on the Rescissions Act of 2025 in response to a formal request submitted to Congress by President Donald Trump. From 1974 to 2000, it was commonplace for the president to request rescissions of funding under the Congressional Budget and Impoundment Control Act of 1974. In… -
opinion
Congress Should Quickly Approve Trump’s Rescission Legislation
President Donald Trump‘s rescission legislation has finally arrived in Congress, where it will have 45 days to be approved by both chambers on a simple majority vote. Success would be a significant victory in Trump’s campaign to dismantle the Left’s political infrastructure. It sounds simple, right? It is—very. Except Washington is full of Republicans afraid of their… -
news
Why House Conservatives Prefer Debt Payoff to $5K DOGE Checks
Some House Republicans say they would rather use Department of Government Efficiency savings to pay off the national debt than to hand out the funds to taxpayers. President Donald Trump floated giving $5,000 stimulus checks to taxpaying households in February, saying: “We’re thinking about giving 20% back to the American citizens, and 20% down to… -
news
House Committee ‘Keeping a Watchful Eye’ on Labor Department’s Funding of Pro-Union Group Amid ‘Conflict of Interest’ Concerns
The House Committee on Education & the Workforce is monitoring the relationship between an agency within the Labor Department and the pro-union group the Solidarity Center following a recent Daily Signal report on a potential conflict of interest. "This report is deeply concerning and calls into question whether there was a significant conflict of interest,"… -
opinion
Rand Paul Is Right About the Debt
“Let’s talk about the deficit.” That is what Senate Minority Leader Chuck Schumer, D-N.Y., said on the Senate floor on Monday, June 2. “For years, Republicans screamed about fiscal responsibility. But now Republicans are backing a bill that could add over $50 trillion to the national debt over 30 years,” Schumer claimed—without citing a source—in… -
news
House Republicans Dispute CBO’s Deficit Scoring of ‘Big, Beautiful Bill’
The Congressional Budget Office, Congress’ scorekeeper on the fiscal impact of legislation, released a report Wednesday predicting a deficit increase if Republicans’ “big, beautiful” budget reconciliation bill is enacted. Republicans dispute that claim, contending that those predictions come from a misguided view of the economy. The report projects that the House bill would heap an… -
news
House Budget Hawks Cheer DOGE Package
The White House’s delivery to the House of Representatives of a package that would codify some of the Department of Government Efficiency’s cuts into law was greeted with enthusiasm by the fiscally hawkish House Freedom Caucus on Tuesday. The rescissions package, delivered by the White House Office of Management and Budget to Republican House leadership,… -
opinion
Trump’s Second Term Gains Momentum as Economy Soars, Borders Tighten
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal Senior Contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for The Daily Signal. We’re at four months now in the new Trump second administration. And a strange thing has… -
news
Ron Johnson on ‘Big, Beautiful Bill’ Spending: ‘It’s Immoral’
As a Republican holdout on the “big, beautiful” budget bill, as President Donald Trump calls it, Sen. Ron Johnson thinks he has a fairly simple request for the 10-year budget plan: Go back to the drawing board and cut spending down to pre-COVID-19 pandemic levels. “That pretty well sums it up in one chart,” said… -
news
Labor Department Confirms Bureaucrat on Leave Amid Woke Conflict of Interest Questions
A nonprofit that supports unions across the world received extra infusions of cash from a federal agency after one of the union group’s employees took a leadership role at the agency. She later went on to serve as the agency’s acting chief of staff. Lauren Stewart spent 15 years at the Solidarity Center, a left-leaning… -
opinion
Musk’s Worthy DOGE Spotlight and the Fiscal Path Forward
On Wednesday evening, the world’s wealthiest man announced that his sojourn in the nation’s capital is almost over. “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President [Donald Trump] for the opportunity to reduce wasteful spending,” Elon Musk posted to X, the social media platform…