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
Jobs and Manufacturing Are on the Ballot
American manufacturing is on the rebound, and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Not that manufacturing is the only sector that’s on a hiring spree—businesses across the board added 162,000 new jobs in August…. -
opinion
Victor Davis Hanson: Canadians Feel Real Pain in Stage Four of Trade War
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. I’d like to offer an update on the Canadian-American trade spat. Earlier, I had staged it. I… -
news
Ohio Serves as Model for Christian Education Network Expansion
The Center for Christian Virtue has announced that its Christian Education Network initiative is expanding with eight state affiliates. In 2024, The Heritage Foundation awarded the center $100,000 to support its Education Restoration Initiative and expand the Ohio Christian Education Network schools model across the country. Aaron Baer, the president of the Center for Christian… -
news
Derek Merrin Draws Contrast With Marcy Kaptur: ‘Has Been in Congress Longer Than I’ve Been Alive’
Ohio was again represented at the Republican National Committee’s Midterm Convention as Ohio’s 9th Congressional District’s Republican nominee Derek Merrin spoke on Thursday. He fired up the crowd against his opponent, Democrat Rep. Marcy Kaptur. Toledo, located in the district, used to have much more going for it, especially as “the glass industry and featuring… -
analysis
Can Trump Really Give Every Adult American $5K Check?
President Donald Trump shocked the nation Wednesday night when he promised to send a $5,000 check to every American adult if Republicans win the midterms, but conservative economists say the proposal should not come to fruition. “Because we’ve done so well, and because our country is making so much money, only I can make this… -
news
Bessent Warns of ‘Socialist Hellscape’ If Democrats Take Power
Treasury Secretary Scott Bessent touted President Donald Trump’s economic record Wednesday night at the Republican National Committee’s Midterm Convention while issuing a stark warning about what he says Democrats would do if given control of Congress. Looking to the future, Bessent said that in order to honor the first 250 years of the United States,… -
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… -
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…