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 Spent Millions on ‘Environmental Justice’ and ‘Equity’ Grants Despite Budget Woes
DAILY CALLER NEWS FOUNDATION—The National Aeronautics and Space Administration has shelled out millions in awards to advance diversity, equity, and inclusion as well as “environmental justice,” despite recently laying off staff and shuttering space programs due to budgetary shortfalls. NASA has allocated roughly $10 million to pay out dozens of grants and contracts aimed at…Robert Schmad -
- Opinion
America’s Bipartisan Spending Suicide Pact
The greatest moral hazard in American life is politics. Many of you probably remember 2012 GOP presidential nominee Mitt Romney being secretly recorded by a Democratic operative telling donors that “47% of the people who will vote for the president no matter what” because they are “dependent upon government … believe that they are victims…David Harsanyi -
- Opinion
Brooke Ence’s Mission to Create a ‘Parallel’ Food Economy
The vast majority of America’s meat supply comes from four major companies, leaving little room in the market for smaller farms to compete. JBS Foods, National Beef Packing Co., Tyson Foods, and Cargill combined hold 85% of the market, leading to the closing of thousands of family farms. “Any time something is consolidated … you’re…Virginia Allen -
- News
Food Prices Jump, Inflation Rises Faster Than Expected
THE CENTER SQUARE—Newly released federal inflation data shows that prices rose faster than expected last month, putting more pressure on Americans’ budgets. The U.S. Bureau of Labor Statistics on Thursday released its consumer price index, a key marker of inflation, which showed that CPI rose 0.2% in September. While inflation rose more than expected last…Casey Harper -
- News
With Tax Cuts Ending Next Year, Americans Firmly Oppose Paying More
Regardless of who is in the White House come Jan. 20—whether Donald Trump or Kamala Harris—the next president will face a deadline at the end of 2025 that could trigger a tax increase for Americans across all 50 states. A recent survey by Americans for Prosperity, a grassroots organization that seeks to transform policy around…Christina Lewis -
- Opinion
Harris’ Economic Plan Would Increase Federal Stranglehold on Economy
Vice President Kamala Harris gave a speech last week to accompany the release of her 82-page economic planning document. While her words were intended to evoke optimism, the implications of the plan are troubling for America’s future. To begin with, the plan must be placed in context. The Biden-Harris administration has overseen the federal government…David Ditch -
- Opinion
STEALING HOME: Local Governments’ Shocking Property Tax Grabs
Sometimes, politicians steal people’s homes. Really. If homeowners miss property tax payments, even if they never received the bills, some towns grab the whole house and keep the proceeds. All the proceeds. Even if the total is much more than the property tax owed. I reported on this (mal)practice a couple years ago. Since then,…John Stossel -
- Opinion
Do You Know Where Your Tax Dollars Go? Now You Can
Open the Books was founded in 2011 on a simple principle: Taxpayers deserve to know where their money is going and how it’s being spent. Americans are paying “property taxes to fund local education, so wouldn’t you like to know where that money is going?” asks Matthew Tyrmand, deputy director at large of the Florida-based…Virginia Allen -
- Opinion
Lawmakers Push New Student Loan ‘Forgiveness’ Proposal, Burdening Taxpayers With Billions
After a pause in student loan repayments during the COVID-19 pandemic, borrowers have started paying again. But if history is any guide, some student loan borrowers will pay next to nothing—and after 10, 20, or 25 years, taxpayers, not borrowers, will be forced to pay the outstanding balances. Now, some members of Congress are trying…Jonathan Butcher -
- Opinion
BINGO! Harris Presides Over Wars, Inflation, Scandals, Open Borders, and Crime.
On the latest episode of “The Tony Kinnett Cast,” we watch in a mix of amusement and bemusement as Vice President Kamala Harris wins what can only be described as a veritable “BINGO” of bad presidential campaign circumstances just 38 days before the general election: War in the Middle East as the U.S. sits impotent,…Tony Kinnett -
- News
Voters Moving Right on Tax Cuts, Poll Shows
A national survey released weeks before the Nov. 5 presidential election shows most voters know little about the personal impacts of the Tax Cuts and Jobs Act, which is set to expire at the end of 2025. The survey, conducted by Public Opinion Strategies on behalf of Stand Together, shows that 76% of voters, an…Salena Zito -
- Opinion
Economic Bunk From a Former Cabinet Secretary
Former Labor Secretary Robert B. Reich now makes videos, like I do. In fact, his channel, Inequality Media, is very much like Stossel TV. He also reaches people via social media platforms, gets millions of views and covers economic topics. Reich, who served in President Bill Clinton’s administration, does almost exactly what I do, except…John Stossel -
- Opinion
Clinton-Appointed Federal Judge Orders Taxpayer-Funded Transgender Surgery for Indiana Inmate
A federal judge ruled that the Indiana Department of Corrections must pay for an incarcerated baby murderer to turn his penis into an imitation-vagina, on the pretext that the Eighth Amendment of the U.S. Constitution, the one prohibiting cruel and unusual punishment, requires it. In 2001, 19-year-old Jonathan C. Richardson strangled his 11-month-old stepdaughter while her mother,…Joshua Arnold -
- Opinion
Bankruptcies Soaring Amid Worrisome Inflationary Economic Pressures
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Small-business bankruptcies are up 61% on the year. It is a cackle-nomics miracle. The data comes from bankruptcy analyst Epiq, which reports that commercial filings for Chapter 11 bankruptcies soared to 4,553 so far this year. Meanwhile, total…Peter St. Onge -
- Opinion
It’s Long Past Time to Confront the Exploding National Debt
The median age in the United States in 2023 was 39.1 years, according to the Census Bureau. That means that approximately half the people in this country were born in 1984 or later. What was happening four decades ago when about half America’s current population started coming into the world? In 1984, then-President Ronald Reagan…Terence Jeffrey -
- News
BACK TO THE DRAWING BOARD: Speaker Johnson’s Next Move in Spending Fight
It’s back to the drawing board for House Speaker Mike Johnson. On Wednesday, the House failed to pass the continuing resolution spending bill, with the SAVE Act attached, that would have funded the federal government beyond the end of the fiscal year ending Sept. 30 and through March. Wednesday evening’s vote failed 202-220. Three Democrats—Reps….Bradley Devlin -
- Opinion
Stopgap Spending Bill Disproportionately Hampers Military Funding
With less than two weeks until the end of the fiscal year, a long-term continuing resolution is currently the best and most realistic option to constrain out-of-control government spending and avoid another lame-duck omnibus appropriations bill. However, Secretary of Defense Lloyd Austin recently sent a “parade of horribles” letter to Congress outlining the dangers of…Jeremy Hayes -
- News
House to Vote on Stopgap Spending Bill With SAVE Act Wednesday
House Speaker Mike Johnson announced Tuesday morning that the House will move forward with a vote on Wednesday on a continuing resolution to fund the government beyond the end of the fiscal year on Sept. 30. The continuing resolution would fund the government for six months and avert the looming government shutdown. Johnson has also…Bradley Devlin -
- Opinion
Reckless $15 Billion Budget Shortfalls Risk VA Benefits. These Low-Hanging Fruits Could Prioritize Veterans’ Well-Being.
The men and women who’ve defended our nation should not have the veterans benefits they earned threatened by fiscal mismanagement. That’s why Republican lawmakers introduced a supplemental appropriations bill to provide an additional $2.9 billion to cover shortfalls in the Department of Veterans Affairs’ budget for fiscal year 2024. However, this supplemental spending bill…Rachel Greszler -
- News
Speaker Johnson Pulls Spending Bill Vote Amid GOP Opposition
House Speaker Mike Johnson has deferred the vote on a bill to fund the government through March. The temporary government-funding mechanism, called a continuing resolution, would have included the SAVE Act, an election-integrity measure meant to prevent illegal immigrants from voting in federal elections. Johnson has pulled the bill until next week in hopes of…Bradley Devlin