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
No-Bid Contracts Inflate Cost to Massachusetts Taxpayers of Feeding Illegal Aliens
Most hardworking Americans can’t afford to spend $21 to $31 on dinner every day. If they did, they’d likely expect to get steak or lobster for their money. Yet that’s exactly how much the state of Massachusetts is spending to feed homeless migrants, according to WBZ-TV CBS Boston. The state isn’t even getting its money’s worth:…Adam Andrzejewski -
- News
Majority of Americans Think US Economy Is in Recession and Shrinking, Poll Finds
A majority of Americans believe that the U.S. is currently in a recession, blaming the Biden administration for harsh economic conditions, according to research firm The Harris Poll. Around 56% of people surveyed thought that the U.S. economy was in recession, and 55% thought that the economy was shrinking, according to a poll conducted for The Guardian….Will Kessler -
- News
Inflation Stays Uncomfortably High as Rising Prices Continue to Squeeze Americans
Inflation ticked down slightly year-over-year in April but still remained high as rising prices continue to take a toll on average Americans’ finances, according to the latest Bureau of Labor Statistics release on Tuesday. The consumer price index, a broad measure of the prices of everyday goods, increased 3.4% on an annual basis in April…Will Kessler -
- Opinion
5 Ways to Help Avoid Going Over the Looming 2025 Tax Cliff
A large tax increase is scheduled to hit almost all taxpayers at the end of next year—that is, unless Congress comes up with, and agrees to, another plan before then. Expect a lot of talk about taxes from politicians over the next year-and-a-half as Washington grapples with the looming tax cliff. Unfortunately, few lawmakers will…Preston Brashers -
- News
NPR’s CEO Is a No-Show at Hearing Looking Into Bias at Taxpayer-Funded Network
A House subcommittee on Wednesday discussed the increasing left-wing bias at National Public Radio, a taxpayer-funded news and features network. The hearing stemmed from a debate sparked by an online essay a month ago in The Free Press by longtime NPR editor Uri Berliner, who alleged that the network was both extremely biased and had…Jarrett Stepman -
- Opinion
Europe Must Stop Dragging Its Feet and Oppose Chinese Forced Labor
British parliamentarian William Wilberforce’s legacy rests on his bold public stance against slavery. The legendary 18th- and 19th-century abolitionist stood up before the British people in the House of Commons with a message of piercing moral clarity: Whatever the cost of abolition, there is no excuse for slavery. After several years of impassioned advocacy, Wilberforce…Jordan Embree -
- Opinion
How Federal ‘Science’ Spending Helps Radicalize College Students
Americans are watching as hordes of anti-American and anti-Israel activists have seized public spaces, occupied university buildings, denied access to reporters, and clashed with police and counterprotesters (all while demanding free food). The latest wave of often anti-Western and antisemitic protests is more intense than the initial wave of activity during the fall in part…David Ditch -
- Opinion
Taxpayers Are Subsidizing College Extremism
Mohamed Abdou is a pro-Hamas “anarchist interdisciplinary activist-scholar of Indigenous, Black, critical race, and Islamic studies, as well as gender, sexuality, abolition, and decolonization” at Columbia University. Now, I don’t mean to pick on Abdou. It’s just that he happens to teach virtually every trendy pseudo-intellectual identitarian twaddle concocted by modern man. Ultimately, we make…David Harsanyi -
- News
EXCLUSIVE: Sen. Roger Marshall Prescribes Solutions for Congress’ Budget Woes
FIRST ON THE DAILY SIGNAL—Nearly 40 Republican senators gathered Wednesday afternoon for a frank conversation about Congress’ broken budget process and the rapidly growing national debt. Sen. Roger Marshall, R-Kan., led the conference meeting with his GOP colleagues in hopes of offering solutions to end the cycle of emergency spending requests and massive omnibus legislation….Rob Bluey -
- Opinion
Unraveling the Damage Done by Our Welfare System
Education, employment, and family formation are “the building blocks for a flourishing life,” says the leader of the Georgia Center for Opportunity. But, unfortunately, America’s welfare system includes penalties for both work and family formation, Randy Hicks says. Although the safety net may not intend to punish work or the family, Hicks says, it does…Virginia Allen -
- News
New York Poised to Use Taxpayer Dollars to Pay Journalists
New York state lawmakers plan to hand out tens of millions in taxpayer dollars to local media outlets to help pay for journalists’ salaries. The state will dole out $30 million over three years to local media outlets in the form of tax credits, giving publishers the ability to offset up to 50% of the…Harold Hutchison -
- Opinion
With NPR’s Left-Wing Bias Again Exposed, Its Taxpayer Subsidies Draw Renewed Scrutiny
It’s been a week since a liberal, 25-year veteran editor for National Public Radio published a damning online essay about the network’s biased, left-wing coverage, and there appears to have been no self-reflection by NPR’s powers that be. Uri Berliner, who authored the essay, was chastised by NPR employees, suspended, and finally submitted his resignation…Jarrett Stepman -
- Opinion
Planned Parenthood Checklist: More Abortions, Less Actual Health Care, More Tax Dollars Than Ever
Planned Parenthood’s 2022-2023 annual report is out. Unlike last year’s annual report, now we’re finally able to see how the 2022 Dobbs decision overturning Roe v. Wade is affecting Planned Parenthood’s abortion numbers and bottom line. Spoiler alert: Abortions and government funding are at all-time highs. Actual health care for things such as cancer screening…Melanie Israel -
- Opinion
Nike Stocks Still Tanking a Year After Mulvaney Partnership
A lot has happened since Dylan Mulvaney pranced around his yard in a Nike sports bra last April. Days after his face appeared on Bud Light cans—the controversy that launched a thousand boycotts—the sight of him doing jumping jacks in women’s workout gear was almost worst. And a stock chart that looks like a downhill ski slope proves it….Suzanne Bowdey -
- Opinion
Biden’s ‘Plan C’ Scheme for Canceling Student Loan Debt Also Gets an ‘F’
If you’re confused about President Joe Biden’s various student loan debt-cancellation schemes, who can blame you? And on Tuesday, the Biden administration unveiled its third attempt to make you pay for someone else’s life choices. First, some background. In August 2022, the Biden administration announced its initial plan for canceling student loan debt. Borrowers earning…Adam Kissel -
- Opinion
DHS Chief Mayorkas’ Budget Request Is an Unserious Response to Threats to Homeland
The Biden administration released its proposed budget for the Department of Homeland Security for fiscal year 2025 last month. Coming in at nearly $108 billion, the budget funds numerous aspects of the department’s efforts to secure the homeland. However, when it comes to resolving the unprecedented border crisis DHS Secretary Alejandro Mayorkas and the Biden…Rep. Mark Green -
- Opinion
Taxpayers Shouldn’t Have to Fund State Department’s DEI Pseudoscience
The federal government increasingly looks like an Ivy League classroom, combining therapy for fragile souls with indoctrination into specious ideology. Nowhere is this more apparent than at the State Department, where employees are encouraged to take courses in the name of diversity, equity, inclusion, and accessibility, or DEIA, that stress their differences, trauma, and status on the…Simon Hankinson -
- News
How Taxpayers Will Heavily Subsidize Democrat Boots on the Ground This Election
Progressives are using legal loopholes and the power of the federal government to maximize Democrat votes in the 2024 election at taxpayers’ expense, RealClearInvestigations has found. The methods include voter registration and mobilization campaigns by ostensibly nonpartisan charities that target Democrats using demographic data as proxies, and the Biden administration’s unprecedented demand that every federal agency “consider…Ben Weingarten -
- Opinion
Yikes! Perilous Economy for First-Time Homebuyers
Buying a home is a cornerstone of the American dream, a dream that is further out of reach today for many Americans. According to the Department of Housing and Urban Development, the median sales price of a new, single-family home was $416,300 in May 2023. In 1985, it was $84,300. Yes, income has increased, but…Virginia Allen -
- Opinion
What the Conservative Defense Budget Would Prioritize
President Joe Biden released his official fiscal 2025 defense budget request in March, and in the document, his administration’s misguided priorities are on full display. While paying lip service to the concept of China as the primary challenge for the United States, the official request fails to align spending with strategy. Most egregiously, the request…Wilson Beaver