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
HUD Secretary Fires Up Republican Convention
Scott Turner, who serves as the 19th secretary of the U.S. Department of Housing and Urban Development, fired up conventiongoers at the Republican midterm convention in Texas Wednesday. He began with a look back. Under President Joe Biden, “the American flag became a white flag of surrender,” Turner told the convention. That is no longer… -
opinion
Victor Davis Hanson: The US Has Entered Stage 3 in the Trade War With Canada
Editor’s note: This is a lightly edited transcript of today’s video from Daily Signal senior contributor Victor Davis Hanson. Subscribe to our YouTube channel to see more of his videos. Hello, this is Victor Davis Hanson for the Daily Signal. The philosopher Heraclitus, an ancient Greek philosopher, once said that you don’t step into the same river… -
opinion
We Spend a Lot More on Welfare Than Bombs. That’s a Problem.
The other day, New York City Mayor Zohran Mamdani told Qatari state media that the United States was “spending tens of billions of dollars on killing people” when that money “could have been used to make life easier” for the public. “There always seems to be money for war,” he went on, “but not to… -
news
States Increasingly Pulling Rug Out From Under Big Tech With Tax Break Reversals
DAILY CALLER NEWS FOUNDATION—States that offered billions of dollars in tax breaks to lure data centers began to pull back the incentives as the artificial intelligence boom drove up costs and fueled opposition to the facilities. More than 10 states paused or canceled data center tax exemptions, threatening benefits that helped Amazon, Meta, and Google build… -
opinion
Zohran Mamdani Discovers Deregulation
A funny thing happened on the way to the Big Apple’s socialist utopia: Zohran Mamdani discovered deregulation. The democratic socialist mayor of New York, who campaigned on rent freezes, free buses, and city-owned grocery stores, has apparently learned that sometimes government itself is the problem. In July, Mamdani unveiled “OPEN for Small Business,” a package of more… -
opinion
Only a Token Difference: Treating Cryptocurrencies Differently Makes No Sense
Cryptocurrencies like stablecoins have left many in the financial world, from major banks to customers, scratching their heads. It’s not just because few people understand how things like tokens work, but because regulations governing digital assets have further muddied the waters. And amid this confusion, consumers lose out. There are traditional financial products or services… -
news
Canada’s Retaliatory Tariffs Take Effect as US Trade Talks Stall
OTTAWA, Sept. 8 (REUTERS)—Canada’s retaliatory tariffs on U.S. goods took effect just after midnight on Tuesday as Prime Minister Mark Carney increased economic pressure on his country’s biggest trading partner after negotiations collapsed last month, intensifying an 18-month-old trade war. The counter-tariffs cover $20 billion of U.S. goods, with duties ranging from 15% to 50% across products… -
news
Americans Kept Flying Despite Iran War, Economic Jitters as Trump Pushed Air Travel Overhaul
DAILY CALLER NEWS FOUNDATION—Americans continued packing airports throughout the summer despite war-driven fuel costs, rising airfares, and economic uncertainty, as the Trump administration moved ahead with a sweeping overhaul of the nation’s aging air traffic control system. The resilience of air travel suggested Americans were reluctant to give up flying even as the Iran war… -
analysis
Government Employees Fight Trump’s Reforms From Within the Executive Branch
Who ultimately decides how the executive branch works? Is it the president, elected by the American people, or career federal employees and the unions that represent them? The American Federation of Government Employees, the largest union representing federal employees, sued the White House’s Office of Personnel Management last month, aiming to block new rules governing… -
analysis
Trump EPA Takes Transformative Approach to Ending Plague of Plastic Waste
The Environmental Protection Agency under President Donald Trump has launched a quiet revolution in the approach the EPA takes toward some forms of plastic waste, removing regulatory barriers by treating some plastic recycling as a form of manufacturing rather than waste disposal. The EPA’s new approach aims to incentivize advanced recycling of plastic, contributing to… -
opinion
There’s No Crystal Ball for the Economy
Pew Research reports what any precinct captain could have told you for the price of a beer: affordability, not abstraction, is what voters carry into the ballot box this fall. Gas, groceries, rent—the three horsemen of kitchen-table economics—are top of mind for voters this midterm season. The Trump administration, to its credit, has noticed. It… -
breaking
Trump Celebrates Job Growth That Tripled Expectations
The economy added 162,000 jobs in August, the Labor Department announced Friday morning, tripling the expectations of economists. Economists had predicted a gain of just 53,000 jobs. The unemployment rate remained at 4.1%. “Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet!” President Donald… -
news
The New Kingmakers: Crypto, AI, and Betting Firms Fuel Record Spending on the 2026 Midterms
NEW YORK, Aug. 20 (REUTERS)—A handful of billionaires and companies are driving corporate spending in U.S. midterm elections this year, and they aren’t the usual power brokers who have sat atop the political food chain in Washington in previous decades. Crypto companies, artificial intelligence firms, and online betting have emerged as the biggest industries shaping… -
news
Trump Set to Use $400 Million War Chest to Secure Republican Majority
President Donald Trump officially announced his plans to spend in the midterm elections to ensure Republicans hold and grow their majority in Congress this November. While the president isn’t on the ballot this year, he will open his more than $400 million war chest for 35 Republicans running in key races. Speaking at a dinner… -
news
Trump Administration Targets Race-Based Discrimination With New IRS Crackdown on Private Schools
The Trump administration plans to end tax-exempt status for private schools that engage in any type of race-based discrimination or race-based admissions. The Treasury Department and the Internal Revenue Service will issue the proposed regulation Thursday to restore merit. “Under President Trump, this Administration is standing up for America’s students by ensuring racial discrimination has… -
analysis
How Indian Reforms Power US-India Defense Cooperation
U.S.-India defense cooperation has accelerated in the past decade. Today, India conducts more military exercises with the United States than with any other country. American platforms also underpin some of India’s most important military capabilities. The Indian Navy flies P-8I maritime patrol aircraft, operates MH-60R helicopters, MQ-9B drones, and uses sonobuoys. The Air Force operates C-17 and C-130J transports, Apache attack helicopters, and Chinooks…. -
exclusive
EXCLUSIVE: Trump USDA Faces Calls to Exit Climate Initiative Critics Call ‘Private Regulation’
FIRST ON DAILY SIGNAL—The Trump administration’s Agriculture Department remains publicly listed as a participant in a Biden-era climate initiative that critics say could drive up costs for American dairy farmers, accelerate consolidation in the industry, and ultimately make milk and other food staples less affordable for consumers. The initiative, Pathways to Dairy Net Zero, was… -
opinion
Bid to Raise Sales Taxes in Virginia Raises Questions
Thirty-five percent of Virginia’s municipal governments will be holding a referendum this November on whether to add a 1% sales tax to any transactions that take place in their county or city. The General Assembly approved amendments to Sections 58.1-605.1 and 58.1-606.1 to allow all Virginia cities and counties to put forth a referendum to… -
opinion
Victor Davis Hanson: Carney Picked a Trade War With Trump—But Why?
Editor’s note: This is a lightly edited transcript of the latest edition of “Victor Davis Hanson: In His Own Words” from Daily Signal senior contributor Victor Davis Hanson. Subscribe to Victor Davis Hanson’s own YouTube channel to watch past episodes. Victor Davis Hanson: Canada, everybody likes Canada. Come on. We all have—I have a brother-in-law who’s Canadian… -
news
The Check Is (Lost) in the Mail
Checks worth at least $534,000 have gone missing after being mailed in Frederick County, Virginia. Authorities in the region suspect it may be an inside job, and that the checks are being stolen from envelopes only after they are turned over to the U.S. Postal Service. “We believe from the complaints it is from mail…