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
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… -
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,… -
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… -
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… -
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… -
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… -
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… -
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?… -
opinion
Politics of Economic Redistribution, RIP
Whatever happened to the Democrats’ reputation as the party favoring the working man? Put another way, what happened to the Democrats as the party promising economic redistribution from the rich to the average man? Those are questions that Democrats are asking after Vice President Kamala Harris’ decisive, but not landslide, loss to President-elect Donald Trump…. -
opinion
Radical NLRB Chief Should Be Replaced, Not Reappointed
Senators, yes, it’s the holiday season and a lame-duck session, but don’t get distracted from the reason you’re in Washington—namely, to improve Americans’ lives. Unfortunately, some Republican senators are failing to show up for votes to block outgoing President Joe Biden’s nominees, allowing Senate Democratic leader Chuck Schumer, D-N.Y., to easily shepherd eight federal Biden… -
news
Here’s How Much Taxpayers Spent on ‘Gender Transition’ Services for Kids
DAILY CALLER NEWS FOUNDATION—The Biden-Harris administration opened the door for a massive increase of taxpayer-funded transgender interventions, including child sex-change surgeries, and the Daily Caller News Foundation has obtained enough data to give a partial estimate of the cost. From January 2018 to September 2023, 16 states spent more than $165 million funding “gender transition… -
news
‘Accountability Is Coming’: Iowa’s Ernst Sends Musk’s DOGE $2T Worth of Ways to Gut Government Spending
DAILY CALLER NEWS FOUNDATION—Sen. Joni Ernst sent Department of Government Efficiency cochairmen Tesla CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy a letter Monday with ideas for budget cuts that could save the federal government more than $2 trillion. Trump named Musk and Ramaswamy as cochairmen of DOGE on Nov. 12. In the seven-page letter, Ernst’s… -
opinion
Last, Best Hope to Lasso National Debt?
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. The Biden administration is handing President-elect Donald Trump a lit fuse on a $37 trillion debt bomb. Because they’ve added $12 trillion in debt over the past four years—more than we added in the first 220 years of… -
news
$7M BUDGET HOLE: Teachers Union Halts School for 2 Weeks Over ‘Unreasonable’ Demands
The Massachusetts Education Association apparently pushed three neighboring teachers unions to go on strike at the same time, sources close to the unions say. Because of the strikes, schools in three districts in Massachusetts have been closed for over two weeks, leaving working parents in the lurch without child care and extending the school year… -
opinion
No Tax on Tips
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Will Donald Trump end tax on tips? Will he go all the way and end tax on everything? During the campaign, our 47th president made a big, beautiful series of promises about things he would exempt from the… -
opinion
GO WOKE GO BROKE: The Ultimate DEI Hire Is Out of a Job, Despite Spending More to Win
It was the worst of times, it was the worst of times. Seriously, it was the worst of times! How could a half-black, half-Asian, comparatively young woman lose so handily to a straight white male?! Hasn’t Donald Trump learned that he’s the recipient of a veritable mountain of privilege? In the name of justice, he… -
news
Here’s How Colorado Voted on New Firearms Tax
DAILY CALLER NEWS FOUNDATION—Colorado voters passed a tax on firearms and ammunition sales in the state aimed at reducing gun violence, The Associated Press projects. Proposition KK applies a 6.5% tax on all sales of firearms, ammunition, and certain firearms parts, according to the Colorado Legislature. The tax revenue will be used to help “crime victim support services, mental… -
opinion
30 Years of Inflation Crammed Into Less Than 18 Months
Make no mistake, the recent scourge of inflation and high interest rates has been a heist buried beneath economic jargon. It has transferred a tremendous amount of wealth from hardworking Americans to the federal government. The root cause of this disaster—reckless government spending and money-printing—should serve as a reminder that the federal deficit is the… -
opinion
Inflation Is the New Tax on Georgia Families
As the Peach State recovers from back-to-back hurricanes, Georgians are struggling to rebuild their families’ lives. With the Federal Emergency Management Agency’s inadequate response being just another symptom of the misuse of taxpayer dollars, many are becoming cynical. Making things even harder is the ever-increasing cost of goods and services. The federal government prints a… -
opinion
Inflation Has Neutered the Underdogs
Life in the Chicagoland area has changed drastically over the past few years. Inflation has ruined Portillo’s Italian Beef Sandwiches, ketchupless hotdogs, and mom-and-pop restaurants. Maya Sanchez, a senior at Elmhurst University and Chicagoland native, is just one of many struggling with inflation. Growing up in the area, Sanchez has very fond memories of going…