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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opinion
Democrats Prioritize Welfare Over National Security
Few speak the truth as clearly and succinctly as House Speaker Mike Johnson. Appearing on ABC’s “This Week” this past Sunday, co-host Jonathan Karl challenged the speaker’s calling the recent “No Kings” rallies “Hate America Rallies” and calling them “the modern Democratic Party.” Johnson, R-La., responded that “there is a rise of Marxism in the… -
news
Shutdown Will Disrupt Air Travel, Transportation Chief Warns
Secretary of Transportation Sean Duffy delivered a stern message at the Capitol on Thursday: The federal government shutdown is already putting a strain on air traffic controllers, and the problem will only get worse until the government reopens. “Next Tuesday is the first paycheck that [air traffic controllers] will not receive for the work that… -
opinion
Commerce’s 50% Rule Is a National Security Victory
In late September, the Trump administration’s Commerce Department delivered a major victory for American national security. In one fell swoop, the department closed thousands of loopholes in the U.S. export control regime, which restricts access to U.S. technology by China and other foreign adversaries. This action, commonly called the “50% rule,” will enable U.S. national… -
opinion
Treasury Secretary Bessent Tells Miranda Devine Why Soros Funds Rogue Prosecutors, Sort Of
If no one supports crime, why do activists fund candidates for office who, once elected, implement policies that enable it? If anyone would know the answer, it should be Treasury Secretary Scott Bessent, who, earlier in his impressive career, worked closely with George Soros, the notorious funder of the rogue prosecutor movement. Over the past… -
news
Bessent Warns Tariff Refunds Would Hurt Treasury, Vows Trump Has ‘Other Avenues’ if Supreme Court Strikes Down Powers
Treasury Secretary Scott Bessent joined NBC’s “Meet the Press” Sunday where he said he is “confident” the Trump administration will prevail in the Supreme Court regarding President Donald Trump’s ability to institute tariffs. A 7-4 ruling from a federal appeals court in August declared that most of Trump’s tariffs are illegal according to the International… -
news
Transportation Secretary Celebrates Inaugural Ride of New High-Speed Train
President Donald Trump is overhauling the train stations in Washington, D.C., and New York City. The Trump administration is taking over the management of Washington’s Union Station. The move comes amid the administration’s effort to clean up crime in American cities, starting with the nation’s capital. “I think the president has been pretty clear on… -
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…