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
Why Do So Many Young Adults Like Socialism?
The two most recent polls—Gotham and Siena—on the New York City mayoral race show Democrat candidate Zohran Mamdani leading Andrew Cuomo, running second as an independent, by 18 and 19 points, respectively. Mamdani defeated Cuomo in the Democrat primary in June, garnering 56.39% of the vote. Mamdani is a New York state assemblyman, a Muslim… -
news
Nonprofits Are Becoming Taxpayer-Financed Instruments of Government
Nonprofits are the beating heart of America’s civil society. Neighbors helping neighbors, churches serving the needy, communities coming together to solve problems without waiting for Washington. Alexis de Tocqueville marveled at this spirit nearly two centuries ago, calling it essential to our democracy. That independence also relies on separation from the state. Yet today, almost… -
news
Trump Demands Resignation of Official Accused of Mortgage Fraud
President Donald Trump said a Federal Reserve Board governor who has refused to lower interest rates “must resign, now!!!” Lisa Cook has also been accused of mortgage fraud by Federal Housing Finance Agency Director William Pulte, who sent a letter to Attorney General Pam Bondi saying Cook “falsified bank documents and property records to acquire more… -
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
Kennedy Acts to Swat Parasitic Livestock Fly Infestation
The Trump administration is taking preemptive efforts to combat an American infestation of the New World screwworm. The Department of Health and Human Services on Tuesday permitted the Food and Drug Administration to issue so-called emergency use authorizations for drugs for animals to treat or prevent the parasitic flies. “Today, we are taking decisive action… -
opinion
BlackRock CEO to Take the Reins at Davos
Even before President Donald Trump’s reelection, investors were leaving the woke environmental, social, and governance agenda like rats fleeing a sinking ship. Yet, those rats appear to have a few life rafts remaining, and the World Economic Forum seems intent on shoring up the ESG agenda. The World Economic Forum is a conspiracy theorist’s wet… -
opinion
The Fed’s Refusal to Cut Interest Rates Is Costing Americans
It’s not every week that sees a Federal Reserve development set to shape America for years to come. But two such developments recently occurred two days apart: On July 30, the Fed’s board decided to hold interest rates at their current level, and on Aug. 1, board Gov. Adriana Kugler resigned. In its latest Federal Open Market Committee meeting, the Fed overruled the… -
opinion
Trump Made Right Call in Picking EJ Antoni to Replace Biden-Appointed BLS Leader
DAILY CALLER NEWS FOUNDATION—Heritage Foundation chief economist EJ Antoni is the perfect choice to clean up the mess at the Bureau of Labor Statistics—the guardian of America’s labor and inflation metrics. Policymakers, investors, journalists, and informed Americans rely on this data to cut through the noise and accurately gauge the economy. Unfortunately, the BLS’ credibility… -
opinion
Glenn Youngkin’s Master Class in the Benefits of Pro-Growth, Free-Market Policies
In Thursday’s address to Virginia’s Joint Money Committees, Gov. Glenn Youngkin delivered a clear message: Virginia’s economy is stronger than ever because of pro-growth, free-market policy choices. His speech is a master class in good governance and sound economic policy. We must not stray from the course he has set. Here are some key points from… -
opinion
Behind the ‘Moderate’ Mask: Spanberger’s Hidden Labor Policy Would Cost Virginia Jobs
Virginia Democrat gubernatorial candidate Abigail Spanberger wants voters to believe she’s a moderate. That’s understandable. At a time when the Democratic Party’s favorability is at 33% and with an avowed socialist as the party’s nominee in the most highly visible election in the nation, the smart money is for Democrats in Virginia to run far from their party’s reputation…. -
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
Why the Fed Chairman Embraced Biden’s Climate Agenda While Letting Inflation Run Rampant
DAILY CALLER NEWS FOUNDATION—The Federal Reserve failed to prioritize its core mission to combat inflation while embracing the Biden administration’s “green energy” agenda, economic and energy policy experts told the Daily Caller News Foundation. Under Federal Reserve Chairman Jerome Powell’s leadership, the Fed joined a global climate change group and took other steps to align… -
opinion
Trump Deregulation Agenda Could Deliver ‘Massive’ Savings on Cars, Appliances, Energy
President Donald Trump’s return to the White House launched an ambitious deregulation agenda, which the Council of Economic Advisers in June projected would save Americans more than $900 billion, or $10,600 per family of four, on cars, appliances, and electricity bills. The July 29 announcement that the Environmental Protection Agency would rescind the 2009 “endangerment… -
news
EXCLUSIVE: Pro-Trump Investment Firm to Escalate Battle With Fed If Key Request Not Met
The Federal Reserve complied with a pro-Trump investment firm’s request to reveal which board members voted to keep the most recent meeting closed to the public. Azoria Capital applied for a temporary restraining order requiring the Federal Open Market Committee to allow the public to watch its meeting at the end of July. A judge… -
news
Trump Nominates Conservative Economist to Bureau of Labor Statistics
President Donald Trump has nominated The Heritage Foundation’s lead economist, E.J. Antoni, as the next commissioner of the Bureau of Labor Statistics. “Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,” Trump said on Truth Social. “I know E.J. Antoni will do an incredible job in this new… -
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… -
opinion
Virginians Could Save $1.4B a Year by Conforming to Trump Tax Law
Should the 2026 Virginia General Assembly choose to conform state tax laws to the full set of new tax rules at the federal level, Virginia families and businesses might save as much at $1.4 billion annually. That is a fresh estimate from the Tax Foundation, which looked at the impact of full conformity in all 50… -
news
Report: About 100,000 Californians Move to Texas Every Year
THE CENTER SQUARE—Despite a popular Texas phrase, “Don’t California my Texas,” and a song about the phenomenon, Californians are increasingly relocating to Texas. Roughly 100,000 Californians are moving to Texas a year—the equivalent of the population of Santa Barbara, according to a new study by StorageCafe. “This makes California the largest source of newly-minted Texans, accounting for… -
news
Trump to Settle on New Fed Governor by End of Week
President Donald Trump said he would select a new Federal Reserve governor before the end of the week. At a White House event Tuesday in which Trump signed an executive order about preparations for the 2028 Los Angeles Olympics, a reporter asked Trump whether he had chosen a replacement for a vacant seat on the… -
news
Trump to Sign Order Penalizing Politically Motivated ‘Debanking’
President Donald Trump plans to sign an executive order cracking down on “debanking,” a term used to describe financial institutions that selectively close customer accounts or deny services based on political or ideological beliefs. The order directs bank regulators to investigate whether any financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws,…