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
Two Years In, Inflation Reduction Act Proves to Be the Climate Boondoggle Critics Predicted
DAILY CALLER NEWS FOUNDATION—In a recent interview, World Energy Council Secretary General Angela Wilkinson told me that one of the main impediments to the energy transition today is a lack of what she calls “systems thinking.” “Energy transitions are a change in the organization of society,” she pointed out. “They’re not a simple case of swapping out one… -
opinion
From Inflation to Recession
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Regime journalists across America wet themselves last week as year-on-year ticked below 3% for the first time since 2021. As The New York Times put it, “Easing inflation has Democrats tasting victory.” That’s quite a lot to taste… -
news
FACT CHECK: Economist Pours Cold Water on Kamala Harris’ Explanation for Inflation
Vice President Kamala Harris blamed price-gouging for high food prices, though experts say Biden administration policies are to blame for the high cost of living and for inflation. “I will work to pass the first-ever federal ban on price-gouging on food,” Harris said Friday in Raleigh, North Carolina. “My plan will include new penalties for… -
news
Housing Costs Drive Inflation, Shocking Economists
DAILY CALLER NEWS FOUNDATION—The cost of housing surged in July, accounting for nearly 90% of total inflation, according to the latest Bureau of Labor Statistics consumer price index data released Wednesday. Shelter costs rose 5.1% year-over-year and 0.4% month-over-month, after rising 0.2% in June, the bureau showed. The 0.4% monthly increase was greater than Bank of America… -
news
Kamala Harris Gains Americans’ Confidence on Economy, Poll Shows
DAILY CALLER NEWS FOUNDATION—Americans trust Vice President Kamala Harris over former President Donald Trump to handle the economy despite most having a poor view of the Biden-Harris administration’s economic policies, a new August poll finds. By a slim margin, Democratic presidential nominee Harris leads Republican nominee Trump at 42% compared to 41%, despite nearly half of… -
news
‘Stop Illegals From Voting’: House Freedom Caucus Urges Amendment to Omnibus Spending Bill
The conservative House Freedom Caucus is calling for Republican leadership in Congress to tie appropriations to fund the government next year to a recently passed House bill to prevent foreign nationals from voting in U.S. elections. In July, the House passed the SAVE Act—short for the Safeguard American Voter Eligibility Act. If enacted and signed… -
news
‘Slightly Less Bad Version of Democrats’: Chip Roy Rips House Republicans for Enabling Big Government Spending
ATLANTA—For too long, Republicans have caused the things they campaign against, like big government spending, Rep. Chip Roy said Saturday. “Republicans give lip service to wanting to … shrink the size of government,” the Texas Republican said at Erick Erickson’s The Gathering conference in Atlanta, “and they won’t do it.” Many Republican members of the… -
opinion
Does America Really Have a ‘Medical Debt Crisis’?
Sen. Bernie Sanders, I-Vt., made a startling claim in his opening statement as the Senate Health Committee held a hearing on “the medical debt crisis in America.” Sanders said that “over 66% of all personal bankruptcies in this country, some 530,000 per year, are connected to unpaid medical bills.” That certainly sounds like a crisis,… -
opinion
Bill Would End Taxpayer-Funded Union Activities by Federal Employees
“Official time” is an oxymoron that conveniently misleads federal taxpayers. When federal employees are on “official time,” they’re not doing the jobs they were hired for. Instead, they’re released from their official duties and working for their union—all while getting their taxpayer-funded federal employee salaries and benefits. Some lawmakers believe this needs to stop…. -
news
Maryland County’s Electric School Bus Program Resulted in Millions of Dollars in ‘Wasteful Spending’
DAILY CALLER NEWS FOUNDATION—An investigation into a Maryland school system’s electric bus initiative found that it resulted in millions of dollars in “wasteful spending” due to issues with the vehicles, according to a report from the county’s Office of the Inspector General (OIG) released in late July. In February 2021, Montgomery County Public Schools (MCPS)… -
opinion
What RFK Jr. Says About Government Spending and Debt
Robert F. Kennedy Jr. won applause at the Libertarian presidential convention in May by criticizing government lockdowns and deficit spending, and saying America shouldn’t police the world. It made me want to interview him. Earlier this month, I did. Kennedy, an independent candidate for president, says intelligent things about America’s growing debt. “President [Donald] Trump… -
opinion
Japan’s Population Implosion Is an Economic Time Bomb
Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge. Japan is running out of people. It will get worse—and we’re next. Last week, Japan’s government announced the country lost 861,000 people last year as the country’s fertility rate—the average number of babies a woman is expected to… -
opinion
4 Charts Provide Crucial Context as America’s Debt Hits $35 Trillion
While America’s attention has been focused on the presidential election, one of the greatest challenges facing the nation has continued to worsen. On Friday, the gross federal debt hit $35 trillion. For perspective, that amounts to about $267,000 for every household in the country. Unfortunately, not only has the debt soared to such an incredibly large number,… -
opinion
House Spending Bills Bring Conservative Wins, But Face Thorny Path Ahead
While Americans attempt to grapple with the ongoing chaos of the 2024 election, House Republicans have been quietly doing the work of putting together and passing spending bills for the next fiscal year. What the endgame for those bills will be remains an open and important question—one that could last into next year. With the gross national… -
news
Inflation, Immigration, Economy Are Top Concerns of Voters, Poll Finds
CENTER SQUARE—Likely voters across the country continue to be most concerned about inflation, the economy, and illegal immigration. This fresh data comes even as experts say inflation is slowing, indicating that Americans are still feeling the pinch of high prices. The Center Square Voters’ Voice Poll, conducted prior to the July 13 assassination attempt on… -
news
‘Usurpation of Parental Rights’: District’s ‘Gender Inclusion’ Training Costs Taxpayers $1.5K
The South Pasadena Unified School District in California paid an organization that wants a “more inclusive world for gender-diverse children and teens” $1,500 for a three-hour workshop on so-called gender inclusion in 2022. The workshop at the Southern California district included training on creating “Gender Support Plans” using Gender Spectrum’s form, which hides a child’s… -
news
Owner of Home Remodeling Business Tells GOP Delegates About Economic Hardships
The owner of a home remodeling business described the financial stress that the economy has put on Americans, including himself, in remarks Monday night at the Republican National Convention. “During the Trump boom, we were thriving. Under Biden, we are surviving,” declared Benjamin Josephn told a convention hall audience in Milwaukee that included former President… -
news
Thousands of Unaccompanied Minors Now Victims of ‘Taxpayer-Funded Child Slavery’
THE WASHINGTON STAND—Data collected between February of 2021 and January of 2024 revealed “464,922 [unaccompanied] children have been encountered by U.S. Customs and Border Protection police nationwide.” Some experts, such as those from the child immigrant aid organization Kids in Need of Defense, have explained this surplus of unaccompanied minors was “expected” and likely due to “U.S. measures implemented… -
news
Poll: Economic Issues Top Voter Concerns in This Swing State
Economic issues dominate the list of top concerns for Pennsylvania voters ahead of the Nov. 5 presidential election, a new poll finds. A quarter of voters in the swing state ranked “inflation/cost of living” as the No. 1 issue facing Pennsylvanians in a survey released Tuesday from the Commonwealth Foundation, a conservative-libertarian think tank in… -
news
Pennsylvania Lawmaker Proposes Tax Fairness for Faith-Based Health Care Sharing
A House Republican has introduced a bill designed to achieve tax fairness for ministries that share health care costs. A member of the House Ways and Means health subcommittee, Rep. Mike Kelly, R-Pa., is the sponsor of the Health Care Sharing Ministry Tax Parity Act, which he introduced last Monday. Kelly’s bill would allow members…