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
NASA Promoted ‘Gender Affirmation’ and Workplace Diversity During DEI Spending Spree, Report Finds
DAILY CALLER NEWS FOUNDATION—The National Aeronautics and Space Administration introduced a sweeping number of new diversity, equity, and inclusion initiatives under the Biden-Harris administration, a report released Wednesday found. NASA enacted various DEI-related efforts over the past four years, including issuing guidelines to its staff on ways to better support any employees going through “gender…Ireland Owens -
- Opinion
How a Black Movement About Freedom Became a Movement About Welfare
The 36 million who watched President Donald Trump’s address to Congress also watched as Congressional Black Caucus member Rep. Al Green shook his cane and shouted at the president. When he refused to desist, Speaker Mike Johnson ordered him removed from the chamber. Two days later, in a bipartisan vote, the House censured Green. The…Star Parker -
- News
Inspector General Could Probe $6B in Tax Dollars Fueling Immigration Crisis
The government should investigate how $6 billion in tax dollars funded the nongovernmental organizations to move illegal immigrants across the country, Mike Howell, executive director of The Heritage Foundation’s Oversight Project, told a House panel. Congress has a role, and so does the Department of Homeland Security’s Office of Inspector General, Howell told the House…Fred Lucas -
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House OKs Continuing Resolution Funding Government Through End of Fiscal Year
The House voted 217-213 Tuesday to pass the Republicans’ continuing resolution that would avert a partial government shutdown that was set to begin Friday. The bill will now go to the Senate, where its prospects remain uncertain. The GOP-backed CR passed the House along party lines with the exception of Rep. Thomas Massie, R-Ky., who…George Caldwell -
- News
EXCLUSIVE: As DOGE Targets Spending, 2 State Attorneys General Groups Seek to Protect Foreign Grants
FIRST ON THE DAILY SIGNAL—As the Department of Government Efficiency continues to flag unusual federal government expenditures, state attorneys general are asking the Trump administration to secure funding for their initiatives in Mexico and Costa Rica meant to train foreign prosecutors. Seven state attorneys general from both parties signed a letter insisting the programs are…Fred Lucas -
- Opinion
Forgive Me If I’m Not Sad to See Gender Clinics in India Close Because They’re Finally Losing My Tax Dollars
Did you know that the very first gender clinic—established to pump people full of experimental drugs to make their bodies resemble those of the opposite sex—in India opened thanks to your tax dollars? Meanwhile, “independent media outlets” in Ukraine have been forced to shut down because President Donald Trump froze U.S. foreign aid. Don’t buy…Tyler O’Neil -
- Opinion
Inflation Reduction Act Causes Higher Premiums on Seniors
If there were ever a modern-day equivalent to the Trojan horse, it would be former President Joe Biden’s absurdly named Inflation Reduction Act. As the name suggests, the bill was sold as a measure to reduce inflation. Yet once passed and embedded in the heart of our fiscal system, it revealed itself to be a…Andrew Shirley -
- News
EXCLUSIVE: Conservative Watchdog Debunks Argument Defunding Planned Parenthood Hurts Taxpayers
Pro-lifers continue to urge the Department of Government Efficiency to defund Planned Parenthood, but they aren't putting all their eggs in Elon Musk's basket. As pro-life groups fight for a provision in the budget reconciliation package to remove federal funding from Planned Parenthood, conservatives warn against allowing pro-abortion misinformation to derail efforts to defund the…Elizabeth Troutman Mitchell -
- Opinion
The One Way to Improve the Economy Without Raising Inflation or Debt
The Trump administration is doubling down on deregulation: Where the previous Trump administration removed five regulations for every new one, the target is now 10. Our research shows that cutting regulations will increase gross domestic product, expand investment, and cut inflation without raising taxes. We used RegData 5.0, a text-based database that tracks regulatory intensity…Parker Sheppard -
- News
Rubio Slashes Nearly $60 Billion in Wasteful Spending From State, USAID
The Trump administration has saved taxpayers nearly $60 billion since it took office just over a month ago by eliminating programs in the State Department and the U.S. Agency for International Development alone. A senior State Department official told The Daily Signal that “in just a few weeks, [Secretary of State Marco] Rubio has identified…Jacob Adams -
- Opinion
DOGE vs. Economic Disaster
The Department of Government Efficiency is much in the news these days, with many of the stories focusing on federal employee layoffs and their impact on the individuals involved. While no one likes to see people lose their jobs, the mainstream media seems to view the misfortune of others as a way to advance its…Steve McKee -
- News
House Republicans Pass Major Budget Hurdle
House Republicans passed a budget resolution on a party-line vote of 217-215 Tuesday night, clearing a major hurdle on the way to funding President Donald Trump’s “Make America Great Again” agenda. Rep. Thomas Massie, R-Ky., was the only Republican to oppose the bill, as he argued that it did not address the national debt. President…George Caldwell -
- News
‘No Tax Dollars for Terrorists Act’ Aims to End Foreign Aid to Taliban, Others
Rep. Tim Burchett, R-Tenn., has introduced legislation to prevent taxpayer dollars and foreign aid funding from going to terrorist groups. Walking up to a microphone outside the Capitol to speak about his bill, Burchett was accompanied by Republican Reps. Marjorie Taylor Greene of Georgia, Lauren Boebert of Colorado, Eli Crane of Arizona, and Ralph Norman…George Caldwell -
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House Republicans Close in on Budget Agreement
The House of Representatives is set to vote Tuesday evening on a budget resolution that aims to pass much of President Donald Trump’s agenda. The resolution is set to extend the 2017 Trump tax cuts, coupled with $300 billion for border and defense spending. It would also raise the federal debt ceiling by $4 trillion. …Jacob Adams -
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Senate GOP Not Backing Down From Budget Proposal Fearing Funds for Trump’s Border Security Agenda Could Run Dry
DAILY CALLER NEWS FOUNDATION—Senate Republicans are plowing ahead with their budget proposal despite President Donald Trump throwing his weight behind the House version, arguing their plan will allow federal immigration authorities to execute the president’s border security agenda with full force. As Trump moves to secure the border following his predecessor’s failure to stem the…Adam Pack -
- News
Trump’s Pro-Union Labor Secretary Pick Draws Scrutiny From Senators of Both Parties
Senators from both parties had tough questions Wednesday for Lori Chavez-DeRemer, President Donald Trump’s nominee for labor secretary, who breaks the traditional GOP mold in her support of unions. Chavez-DeRemer, a former Republican congresswoman from Oregon who represents Trump’s efforts to woo union members, came under fire from Republicans concerned about her previous policies on…George Caldwell -
- News
Numerous Reports Show Immigration Crisis Sapping US Economy
Over the past several years, the illegal immigration crisis the U.S. has been grappling with has significantly impacted the nation’s economy, both in terms of government spending and the national workforce. According to watchdog organization Open the Books, the U.S. Department of Health and Human Services and its Office of Refugee Resettlement spent nearly $23 billion…S.A. McCarthy -
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House Republicans Agree on Budget Resolution With Tax Cuts, Spending Reductions
House Republicans on Thursday approved a budget resolution that aims to fulfill much of President Donald Trump’s MAGA agenda. Fiscal hawks in the House of Representatives have been warning repeatedly that any budget bills need to show reform through spending cuts if they are to win their support. On Thursday, they successfully negotiated $1.5 trillion…Jacob Adams -
- Opinion
Here’s Why a Judge Can’t Block Trump’s Pause on Spending
Shortly after taking office, President Donald Trump, quite sensibly, paused some federal spending programs to see whether they are lawful and advance America’s interests, which he had promised voters he would do. That temporary delay, however, set off a firestorm among the liberal states and organizations that, as recent disclosures have revealed, have benefited immensely…John G. Malcolm -
- News
Speaker Johnson Addresses Budget Questions: ‘Take a Deep Sigh of Relief’
The House Republican leadership is still working on ironing out differences between members surrounding the budget reconciliation process as Speaker Mike Johnson, R-La., gave an update Tuesday that he expected progress to be made this week. The budget reconciliation process is an important tool to ensure that President Donald Trump has the funding and support…George Caldwell