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
Trump Cryptocurrency Innovation Could Bring Homeownership to Millions
With sky-high interest rates and rising building costs, the American dream of home ownership is slipping further away for millions of Americans. However, an innovative new policy from the Trump administration could bring that dream back to reality for many, especially young people. Last month, Bill Pulte, director of the Trump Federal Housing Finance Agency,… -
news
Ohio Democrats Have Their Narrative: Blame Trump for Inflation
Even with the recent inflation numbers just released for June, one can’t forget the outrageous levels experienced during the Biden administration. Nevertheless, Ohio Democrats have found their narrative: blaming President Donald Trump for inflation, specifically when it comes to tariffs. This narrative was visible whether coming from the most vulnerable Ohio Democrat, Rep. Marcy Kaptur… -
opinion
What’s at Stake in Rescissions Package?
It required two tiebreaking votes from Vice President JD Vance, but the $9.4 billion rescissions package moved a step closer to passage in the Senate. With a Friday deadline to deliver the rescissions to President Donald Trump, the Senate advanced the spending cuts Tuesday following procedural votes. Three Republican senators—Mitch McConnell of Kentucky, Lisa Murkowski… -
opinion
Trump Economy Defies Doomsday Predictions
Many so-called experts predicted that President Donald Trump’s economic agenda would usher in an inflationary Armageddon. This projection was so often repeated in the media that many Americans, especially Democrats, believed a depression was imminent. Yet the economy is thoroughly beating expectations and consumers’ expectations are becoming increasingly optimistic. Upon taking office again, Trump reiterated the economic policy… -
opinion
Labor Unions Kill Jobs
Progressives love unions. Not only do unions protect workers, they say, unions gave us the weekend and the middle class. I say, capitalism created the middle class. Employers, competing for better workers, gave us the weekend. But whatever you think about capitalism, few people question the claim that unions help workers. But I will. It’s… -
opinion
A Course Correction on Antitrust Policy
The Department of Justice under President Donald Trump recently took a long-overdue step toward restoring sanity to U.S. antitrust policy. Right before Independence Day, the DOJ backed away from an overreaching and misguided challenge to Hewlett Packard Enterprise’s acquisition of Juniper Networks. This reversal undoes the damage done by an interim antitrust official who signed the department… -
news
Cryptocurrency Legislation Gains Momentum in Hill Negotiations
Crypto is taking over Capitol Hill. President Donald Trump has repeatedly underlined a friendly regulatory regime for cryptocurrency as a legislative priority, and his administration’s preferred deadline for Congress to act is fast approaching. Early on in Trump’s second term, the administration set the August recess as a deadline for Congress to standardize regulations for… -
news
Trump Trade Team Extends Deadline on Tariff Deals
As President Donald Trump’s trade team works to sign new trade deals with foreign countries, the White House is giving trading partners an extended deadline to sign deals before being hit with the heavy tariffs the president introduced in April. The administration had previously set a deadline of June 9 for nations to come to… -
news
House Speaker Reveals One Big Beautiful Bill Act is First of Three Reconciliation Bills
While the One Big Beautiful Bill Act passed after a lengthy and tense period, there will be even more reconciliation bills to follow in the coming months, said House Speaker Mike Johnson on Fox News Sunday today. “We have been planning a second reconciliation bill for the fall that would be attached to the next… -
news
Why States Warn Continued UN Funding Hurts Farmers
Eleven state agriculture commissioners called on the Trump administration and Congress to yank funding from United Nations programs that they say are hurting American farmers. “The federal government should stop using American taxpayer dollars to fund the United Nations International Maritime Organization, the Food and Agriculture Organization of the United Nations, and the United Nations… -
opinion
Tech Is Advancing. Your Standard of Living Isn’t. Here’s Why.
Since the widespread rollout of OpenAI’s ChatGPT in late 2022, the world has begun to grapple with a wave of technological progress unlike anything seen since the advent of the internet. The pace of innovation is accelerating, self-driving cars are becoming more commonplace, and Tesla is developing a commercially available humanoid robot designed to assist… -
news
88% of Seniors Won’t Pay Taxes on Social Security If One Big, Beautiful Bill Passes, Analysis Finds
More than 51 million seniors would pay no taxes on Social Security income under the proposed “One Big, Beautiful Bill,” according to a new report Tuesday by the White House Council of Economic Advisers. The legislation includes the largest tax break in American history for seniors, according to the report, which means that “88% of… -
opinion
What Would Trump’s Reindustrialized America Look Like?
On the campaign trail, President Donald Trump repeatedly promised to restore America’s manufacturing base. But what exactly is his vision of a reindustrialized America? “I’m proclaiming that by the end of my term, the entire world will be talking about the ‘Michigan miracle’ and the stunning rebirth of Detroit,” Trump said at a campaign rally… -
news
Entrepreneurs Push to Cut Waste From ‘Big, Beautiful Bill’ With Pork Sandwich Giveaway
A group of millennial entrepreneurs from across the country tried to draw attention to the debt-increasing aspects of the “One Big, Beautiful Bill” currently making its way through Congress by giving away free pork sandwiches on Thursday. The slogan for the event was: “Tell Congress to lead—and leave the pork to us.” William Glass, policy… -
news
Ranchers, Angel Parents, Flight Attendants Urge Senate to Pass ‘Big, Beautiful, Bill’
The Trump administration will highlight everyday Americans on Thursday in an effort to urge Senate Republicans to pass the “One Big, Beautiful Bill.” President Donald Trump will deliver remarks in the East Room of the White House to an audience of Congress members and regular citizens like truck drivers, firefighters, law enforcement, angel parents, health… -
news
Records Reveal How Democrat AGs Collaborated on Anti-Trump Legal Strategy Before Inauguration
FIRST ON THE DAILY SIGNAL—As early as July of last year, during the heat of a presidential race, a group of Democrat state attorneys general coordinated on challenging the White House on environmental policy. Fast forward to 10 days after Republican Donald Trump was elected to another term as president, and Democrat attorneys general from… -
opinion
Social Security Trustees’ Report Delivers Bad News for Americans Young and Old
Social Security turns 90 this year, and as the Social Security Trustees’ 2025 annual report makes clear, the program is on shaky ground. If policymakers fail to act before 2033, every single Social Security recipient’s check will be cut by 23% across the board—regardless of whether that recipient is a 68-year-old multimillionaire or a 93-year-old… -
opinion
Wages Rising for Blue-Collar Workers
In his fight to elevate life for the Forgotten Americans, President Donald Trump has already shattered another record in his second term in support of blue-collar Americans. During Trump’s first five months of his second term, real wages for hourly workers saw their largest increase under any administration in nearly 60 years. Blue-collar U.S. workers… -
news
Sen. Ron Johnson Proposes Alternative to ‘Big, Beautiful Bill’
Sen. Ron Johnson, R-Wis., perhaps the Senate’s fiercest fiscal hawk, has released a lengthy report on the “big, beautiful” budget reconciliation bill, claiming the bill would balloon deficits. The big, beautiful bill is a 10-year fiscal plan that would fulfill many of President Donald Trump’s campaign promises, such as extending his 2017 tax cuts and… -
news
Freedom Caucus Chief Outlines Strategy to Cut Spending, the Deficit
A few hours before a House vote on whether to defund foreign aid and public broadcasting, House Freedom Caucus Chairman Andy Harris, R-Md., shared his thoughts on how a heavily indebted America can right its fiscal ship of state. The rescissions package the House is considering would eliminate $9.4 billion in spending through cuts to…