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
New Federal Plan Aims to Replace Synthetic Fabrics With American Cotton
The United States Department of Agriculture has launched the Great American Cotton Plan to support cotton farmers and protect Americans from “forever chemicals” in our daily lives. Over the past decade, America has moved to almost all synthetic fibers, often for clothing and linens made of plastics such as polyester, nylon, polypropylene, and polyethylene. While… -
opinion
Wall Street’s Dirty Secret: It’s Still Running on a Climate Scenario the UN Just Retired
The Net-Zero Banking Alliance collapsed in October 2025. The Net-Zero Insurance Alliance fell apart even earlier. By the end of last year, every major U.S. bank had withdrawn from the climate cartel that had spent four years pressuring them to choke off financing to American energy producers. It should have been the end of the story. It… -
opinion
Reconciliation 3.0 Is the Best 250th Birthday Present Congress Can Give America
Leave it to the legacy media to turn a commemorative currency proposal into a five-alarm constitutional crisis. By now, you’ve probably heard about the scene at last week’s White House press briefing when CNN’s Kaitlan Collins confronted Treasury Secretary Scott Bessent about a proposed $250 bill featuring President Donald Trump. “Do you think politically it’s… -
opinion
The Replication Crisis and ESG’s Throne of Lies
“The trouble with our liberal friends is not that they’re ignorant; it’s just that they know so much that isn’t so.” -Ronald Reagan, “A Time for Choosing” For more than two decades now, a handful of academics, led by John Ioannidis, a professor of medicine at Stanford University, have been documenting what has come to… -
news
US Gov Wants to Curb Foreign AI Reliance
As adversaries such as China expand their advanced military capabilities, U.S. leaders are increasingly calling for America to strengthen its own domestically produced defense arsenal. “It’s foolish to rely on a country that hates us for national security, which is why I’ve repeatedly called for a complete decoupling of Chinese-made chips and semiconductors from the… -
opinion
It’s on Us to Choose How to Use Our Freedom
Coincident with the celebration of the 250th anniversary of the signing of the American Declaration of Independence is the 250th anniversary of the publication of “The Wealth of Nations.” The full title of Scotsman Adam Smith’s book, published in 1776, is “An Inquiry into the Nature and Causes of the Wealth of Nations.” One might… -
news
Here’s How the IRS Is Taking on the Networks Potentially Funding Antifa
Treasury Secretary Scott Bessent told reporters Thursday that the Internal Revenue Service and the FBI have made substantial progress on investigating the networks funding Antifa leftist agitators, and he mentioned one concrete policy change that could undermine nonprofits’ ability to prop up the violent movement. “In October, the Treasury Department started working with the FBI… -
news
Hasan Piker Makes the Perfect Case of the Birthright Tourism Scam, GOP Rep Says
Self-described Marxist influencer Hasan Piker—who has advocated violence against capitalists while flying first class and reportedly charging up to $100,000 for speaking appearances—has drawn sharp criticism from Republican officials who accuse him of working against the United States. “I think we’re ultimately going to find that there’s a massive problem in this country with so-called… -
news
The Newest Antitrust Fight: Congress Works to Protect This ‘Wild and Unruly’ Billion-Dollar Industry
A new bipartisan bill is set to be introduced in the Senate next week as the federal government steps in to protect college sports, athletes, fans, and women’s sports. Congress is acting with the first governance and revenue bill of its kind. The Senate Commerce Committee, chaired by Sen. Ted Cruz, R-Texas, announced it has… -
news
Exxon Wins Shareholder Backing for Legal Move to Texas
HOUSTON, May 27 (Reuters)—Exxon Mobil shareholders on Wednesday approved the company’s plan to redomicile in Texas, marking a win for the top U.S. oil producer after two leading proxy advisory firms advised investors to strike down the proposal. The oil producer is incorporated in New Jersey, but the company has been headquartered in Texas since… -
opinion
Netflix-WB Deal: Not Dead Yet?
In late January, the Oversight Project released “Fedflix,” an interim report about Netflix’s suspicious relationship with law enforcement and the intelligence community. Our report highlighted how Netflix has a board of directors largely made up of highly partisan Democrat operatives and donors; pushes programming with LGBTQ+ content to children; and produces content that has been… -
opinion
Powell’s Federal Reserve Mess Is Now Warsh’s Problem
New Chair of the Federal Reserve Kevin Warsh walks straight into a professional buzzsaw. Though he now occupies one of the most influential and prestigious posts in America—and indeed the world—his daunting assignment may be among the most difficult in government in recent decades. The difficulty of Warsh’s task flows first from the abject failures… -
opinion
Bob Woodson Lived a Life Dedicated to the Least, the Last, and the Lost
Robert L. “Bob” Woodson passed away earlier this week at the age of 89, leaving behind a rich legacy of faith, service, and patriotism. Born in Philadelphia, Woodson and his four siblings were raised by their mother after his father died when he was nine. He quit high school at 17 and joined the Air… -
opinion
America’s Love Affair With the Road Endures
BEDFORD, Pennsylvania—For the briefest of moments, a line of vintage Rolls-Royce automobiles chugged along the curving Cumberland Road. They passed over the Cumberland Run a handful of times and wound themselves down the mountains, away from Pennsylvania and toward the city of steeples, Cumberland. The sight gives the bystander a moment to imagine what it… -
news
Trump Team to Restore ‘Integrity and Safety’ for American Truckers
Legislation that would bar illegal immigrants and non-English speakers from obtaining commercial driver’s licenses is advancing in the U.S. House after Transportation Secretary Sean Duffy renewed his push for the measure this week. “Dalilah’s Law would have revoked this illegal trucker’s license,” Duffy wrote on X, responding to reports that an illegal immigrant truck driver… -
opinion
After Years of Weaponizing Shareholder Voting, Will the Big Three Escape Accountability?
Are investors in “passive” index funds being misled about how shares held in those funds are being voted? After providing some relevant background below, I argue that failing to properly disclose the active voting of passive fund shares could violate consumer protection provisions, anti-fraud provisions, or other related provisions covering deceptive practices. When it comes… -
opinion
Duffy’s ‘Great American Road Trip’ Promotes American Culture
Road trips are quintessentially American. What’s more America than a family packing into an SUV and driving hundreds of miles across state borders, eating homemade sandwiches and entertaining children with endless games of “I Spy,” just to see beautiful views and a couple of major landmarks? Family road trips from our home in southern Michigan… -
exclusive
Top Trump Official Gives Update on Recovery of Emergency Loans to Abortion Providers
The Biden administration forgave $88 million in government loans to Planned Parenthood, but Kelly Loeffler, current administrator of the Small Business Administration, says she is working to ensure this does not happen again. In January, Loeffler opened a review into whether Planned Parenthood affiliates illegally received funds through the Paycheck Protection Program, which provided loans to… -
news
‘Be Totally Independent’: Trump Swears in His Fed Chair Pick
President Donald Trump swore in his pick to chair the Federal Reserve, Kevin Warsh, on Friday, saying he wants him to be independent in the role. “I want Kevin to be totally independent,” Trump said. “I want him to be independent and just do a great job. Don’t look at me, don’t look at anybody,… -
exclusive
Sen. Rick Scott Pushes Bill to Ban Chinese Digital Currency in US Transactions
FIRST ON THE DAILY SIGNAL—Sen. Rick Scott, R-Fla., on Thursday reintroduced legislation that would prohibit U.S.-based money services businesses from using central bank digital currencies issued by the Communist Party of China, including the digital yuan. If enacted, the Chinese CBDC Prohibition Act would prohibit money services businesses from engaging in any transaction that involves…