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
Heritage Experts React to Sen. Lindsey Graham’s Budget Resolution
On Friday, Sen. Lindsey Graham, R-S.C., released the Senate Budget Committee’s budget resolution for fiscal year 2025, which is anticipated to be the source of getting much of the MAGA agenda through Congress. Heritage Foundation experts analyzed the text and made suggestions. “To those who voted for and support real border security and a stronger…Jacob Adams -
- Opinion
Taxpayer-Subsidized College Tuition for Illegal Aliens—but Not for Citizens
Did you know that 25 states offer in-state college tuition to illegal aliens? Probably not. And did you know that there is a federal statute that prohibits states from offering in-state tuition to illegal aliens unless a state offers the same tuition break to students from other states? Didn’t think so. One of the…Hans von Spakovsky -
- News
Russ Vought Survives Democrats’ Protests, Confirmed to Lead Budget Office
Russell Vought, President Donald Trump’s nominee to lead the Office of Management and Budget, was confirmed by the Senate Thursday night on party lines by a margin of 53-47, as Democrat senators broke decorum by protesting against his confirmation as their names were called. Almost every Democrat yelled in protest as the vote was called,…George Caldwell -
- Opinion
Ending the Taxpayer-Funded Blue Pipeline
This week, a massive firefight broke out between Democrats and Team Trump over the White House takeover of the U.S. Agency for International Development. The USAID managed approximately $40 billion in fiscal year 2023; its original mandate, established under the Foreign Assistance Act of 1961, was to spread American influence across the globe through aid…Ben Shapiro -
- News
By the Numbers: Sen. Ron Johnson Outlines Balanced Budget Proposal
Returning to a balanced budget is feasible if the United States would return to pre-COVID-19-era spending levels, said Sen. Ron Johnson, R-Wis., a member of the Senate Budget Committee. He cited spending levels under President Bill Clinton and has said the rate of increase should be based on population and the rate of inflation, barring…Fred Lucas -
- Opinion
Trump’s Spending Freeze Will Block Biden’s Leftist Legacy
Amid all the uproar over President Donald Trump’s spending freeze—now delayed by a judge appointed by President Joe Biden—there’s some critical context missing. On Monday, the Office of Management and Budget sent a memo to federal agencies calling for a temporary pause on spending for grants, loans, and financial assistance. (On Tuesday, U.S. District Judge…David Ditch -
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How Taxpayers Bankroll Luxury Travel for State AGs and Family Members
Taxpayers are funding expensive international travel of state attorneys general and family members—or what some critics call “junkets”—by paying for their membership in the Attorney General Alliance, a group that has come under scrutiny for ties to lobbyists and corporate donors in recent years. States pay annual $18,000 membership dues to the AGA, which covers…Fred Lucas -
- News
Trump’s Executive Orders Set to Unleash US Economy
“The golden age of America begins right now,” President Donald Trump declared at the beginning of his inaugural address Monday. Keeping with that spirit, the new president unleashed a flurry of executive orders regarding the U.S. economy at the start of his second term. On Day One of his second term, Trump ended federal government…Jacob Adams -
- News
Trump Nominee to Lead Office of Management and Budget Faces Tough Questions from Democrats and Republicans Alike
Russell Vought, President-elect Donald Trump’s nominee to direct the Office of Management and Budget, faced tense questioning from both Democrat and Republican senators during his confirmation hearing Wednesday. When Vought previously served in the same office during the first Trump administration, he helped Trump design a new classification for federal employees—“Schedule F”—to reclassify tens of…George Caldwell -
- Opinion
The Shameful Call for Clemency of a Tax Return-Stealing Felon
It is bad enough that President Joe Biden has pardoned hundreds of drug dealers, embezzlers, thieves, and other dangerous criminals; commuted the death sentences of dozens of murderers; released ruthless terrorists from Guantanamo Bay so they can unleash more brutality into the world; and to top it all off, given his son a “get-out-of-jail-free card”…Hans von Spakovsky -
- News
Felon Who Stole and Leaked Trump’s Tax Returns on Biden’s Clemency List
REALCLEAR INVESTIGATIONS—The Biden administration is formally considering commuting the sentence of the convicted felon who stole and leaked incoming President Trump’s tax records along with those of thousands of other taxpayers, in the biggest tax data heist in U.S. history. A search of the Justice Department’s pardon database reveals Charles Edward Littlejohn—who just began his five-year sentence…Paul Sperry -
- Opinion
Deport Millions, Finish the Wall, Tax Remittances, and End Birthright Citizenship
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. I want to talk about illegal immigration. You know, this is the point in our history that we’ve never been before. We have not a porous…Victor Davis Hanson -
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Los Angeles Fire Budget Cut, Hundreds of Hydrants Stolen for Scrap Before Fires
THE CENTER SQUARE—Hundreds of fire hydrants were stolen from the ground for scrap metal in advance of the blazes raging across Los Angeles, highlighting the local government’s challenges in maintaining basic order and infrastructure. “These fire hydrant thefts are yet another sign of how crime is out of control in Los Angeles County,” said Los Angeles District…Kenneth Schrupp -
- Opinion
Fulton County Taxpayers Pay for Fani Willis’ Outrageous Misbehavior—Again
Imagine if you went to Hollywood trying to attract investors for the following movie plot: an incompetent, unethical, but politically ambitious local district attorney criminally indicts a former president (of the opposition political party) and some of his political allies in an abusive prosecution. It is intended to obstruct his ability to run for re-election,…Hans von Spakovsky -
- News
San Francisco Starts Ban on Cash Welfare for Drug Addicts Who Refuse Treatment
THE CENTER SQUARE—San Francisco started its ban on county-funded cash assistance for individuals with substance abuse disorders who refuse to engage in treatment. Measure F, approved by voters in March 2024, applies to the $714 per month payments to housed low-income adults, and $109 per month to homeless individuals who have been in San Francisco for more…Kenneth Schrupp -
- Opinion
PBS Hosts Far-Left Smear Factory to Demonize Trump—Using Your Tax Dollars
PBS, backed by your tax dollars, hosted the leader of a group that compares conservatives to the KKK, and she used the opportunity to demonize President-elect Donald Trump. Then PBS hosted one of her close allies who suggested that America failing to elect Vice President Kamala Harris emboldens misogyny. The two segments make a rather…Tyler O’Neil -
- Opinion
10 New Ideas to Make America’s Economy Great Again in 2025
Here’s my wish list for the incoming Trump administration to make America healthy and prosperous and great again in 2025. 1. Slash Job-Killing Regulations The regulatory state is a $2 trillion tax on the American economy. We all want worker safety, a clean environment, and consumer protections, but in too many cases the costs of…Stephen Moore -
- News
NEW PATH FORWARD: Conservative Member Charts a Different Course After 2 Failed Must-Pass Spending Bills
After the second must-pass bill to fund the government failed in the House of Representatives Thursday night, a conservative member who voted against the spending bill called for a new path forward. Republican and Democratic leadership in the House and Senate drafted a compromise bill, known as a continuing resolution, to fund the government through…Tyler O’Neil -
- Opinion
Why Are Americans Still Feeling the Economic Squeeze?
The Biden-Harris administration sought to redefine a “recession,” and almost every jobs report for the last four years has been revised downward. There is a grand plan to convince Americans that the economy is fine—but are they buying it? If the economy is in good shape, why is our government lying about growth, and why…Richard Stern -
- Opinion
Your Tax Dollars Not at Work
Government excels at NOT getting things done. But politicians promise more things anyway. Kamala Harris declared that our government would “build thousands of miles of fiber-optic cable!” This “broadband connectivity agenda” was supported by “every House Republican on Energy and Commerce,” write Republican representatives. Three years later, not a single person has been connected. Why?…John Stossel