Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
-
opinion
Why Do TSA Employees Spend so Much Time on Union Business?
Twenty-five years after the 9/11 attacks, we hardly need reminding that aviation security can never be taken for granted. But we got one anyway. On Sept. 30, a Flydubai flight carrying 174 passengers from Dubai to Tel Aviv made an emergency landing in Saudi Arabia after the co-pilot stabbed the captain and, according to Israeli… -
news
Zach Lahn’s Plan to Help Farmers While Cleaning Up Iowa’s Water
Zach Lahn was told he couldn’t win in politics by talking about Iowa’s water quality and the cancer crisis. Now, as the Republican nominee for governor, he is looking to restore the culture in Iowa by running for office on precisely those issues. Lahn sat down with the Daily Signal for an interview on Tuesday… -
opinion
Treasury Clarifies Details of New Federal School Choice Program
The new school year is well underway, but federal officials are looking ahead to next year’s school calendar and a new federal school choice option. This week, the U.S. Department of the Treasury released proposed and temporary guidance on the program to help state officials and families prepare. As part of the “One Big, Beautiful… -
news
Labor Secretary Confirmed in Senate’s Last Act Before 6-Week Recess
In its final vote ahead of the November elections, the Senate confirmed Keith Sonderling as secretary of labor in a late-night party-line vote. The Senate is set to take six weeks off to campaign, not returning to Washington until after the election. Twelve senators missed Wednesday’s 11 p.m. vote. Six Republicans and six Democrats were… -
opinion
Victor Davis Hanson: Trump Can’t Afford to Repeat Bush’s Biggest Mistake
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. Do you think it’s possible that we’re on the edge of a boom and we don’t even… -
breaking
Ohio Lawmakers Succeed in Passing Bill to Suspend Gas Tax
While Ohio drivers are seeing increasingly high gas prices, state lawmakers just moved a step closer to providing some relief. On Wednesday, both chambers of the Ohio General Assembly approved House Bill 519, temporarily suspending the state’s gas tax for 90 days, which could get drivers lower prices at the pump through the holiday season…. -
breaking
47 Democrats Refuse to Vote to Ban Insider Trading
A bill to stop insider trading failed to advance in the Senate on Wednesday, with all Democrats voting against it and all Republicans voting for it. The bill failed 53-to-47 along party lines. The bill, which originated in the House and was sponsored by Rep. Bryan Steil, R-Wis., would prohibit members of Congress and their… -
opinion
What Iowa’s New Steel Mill Means for the Midwest
Here’s a story the left-wing media and Democrats will ignore: America is building steel again, on a scale not seen in generations. On Monday, President Donald Trump announced from the Oval Office that Mesabi Metallics will build a $15 billion steel mill in eastern Iowa. It will reportedly be the largest steel plant in American… -
news
A Rare Budget Move Helped Trump Cancel Half a Billion Dollars Benefiting Immigrants
The White House returned over half a billion dollars previously appropriated by Congress for programs serving illegal immigrants. While conservatives praised the return of federal funds, the rare action by President Donald Trump has lawmakers scrambling, with some members calling it an illegal check on Congress’ power of the purse. On Friday, the White House… -
news
Virginia’s Energy Mix May Include Fusion, But Will Require Natural Gas
Virginia’s economic future depends on access to reliable, affordable energy. The Commonwealth already hosts more than a third of the planet’s hyperscale data centers, for example, and plans are on the drawing board to deliver even more capacity in the decades ahead. New data centers may be required to supply their own power at peak… -
news
When Local Bureaucracy Pays Better Than the Oval Office: Fairfax County’s Salary Problem
Fairfax County Public Schools Chief Equity Officer Nardos King makes $288,064 this year—more than every single member of the president’s Cabinet—Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, Secretary of the Treasury Scott Bessent, all of them—each of whom earns $253,100 to run a federal department. King’s job is to oversee equity initiatives… -
opinion
The Democrat Plan to Redistribute Wealth to the Wealthier
Two hypothetical college graduates who are married now have a combined annual income of $240,000; they each earn $120,000 per year. Should an American who graduated from high school but never went to college—and who now works as a delivery truck driver, earning $43,950 per year (the median annual earnings for that job) be forced… -
opinion
Introducing the American Investor Initiative
The Heritage Foundation’s Free Enterprise Initiative is now the American Investor Initiative, a name that says plainly what its predecessor implied: that the American economy runs to no small degree on the decisions of ordinary people who own shares—in their 401(k)s, their pension funds, their modest brokerage accounts—and who have a personal stake in how… -
opinion
Digitization and the Housing Crisis
Americans are struggling with everyday expenses from fuel and food to health care and housing. Polling consistently shows that housing affordability is a top concern for Americans, and the underlying data makes it clear why. Rents have grown faster than take-home pay, and down payments take longer than ever to save for—exceeding 20 years in… -
opinion
Victor Davis Hanson: 1992 Election Warns GOP It Must Sell Its Economic Record Before the Midterms
Editor’s note: This is a lightly edited transcript 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. Sami Winc: Quickly, on [President] Donald Trump’s speech, I thought some of the more strident things were that he basically was… -
opinion
Mamdani Wants City Hall to Be Both Referee and Organizer
New York City Mayor Zohran Mamdani has decided that enforcing labor law is no longer enough. City Hall now wants to get into the business of helping workers organize, too. Earlier this month, Mamdani created the Mayor’s Office of Worker Power, which his administration describes as the first office of its kind in the country…. -
news
Spanberger Changes Virginia’s Regulations Regime
Virginia Gov. Abigail Spanberger quietly issued an executive order over the summer that changed the way state agency regulations are developed and reviewed by the executive branch. The action was required by June 30 but went under the radar because it was announced with only a vague news release. The new executive order eliminates the… -
opinion
Unions Lose Again
Union membership in the U.S. private sector has fallen to record lows, with 2024 data showing that only 5.9% of the U.S. private sector workforce is unionized, according to research by the Pew Research Center. It points out that this is down sharply from 20.1% in 1983 and 37% in 1957. That number is about… -
news
Gov. Kemp Announces $1.2B Pirelli Investment in the Peach State
Gov. Brian Kemp on Tuesday announced the expansion and investment of Pirelli, a company with roots in Italy, into the Peach State. Created in 1872, Pirelli is one of the world’s largest tire makers, creating products and services for automobiles, motorcycles, and bicycles. It has been the “Global Tire Partner of the Formula 1 World… -
opinion
Federal Reserve Chair Treats Inflation With Quack ‘Cure’
Kevin Warsh—the new, spiffy Federal Reserve chairman—just offered an old, threadbare “therapy” for nagging inflation. On Sept. 16, the central bank increased the federal funds rate from 3.75% to 4%, up 0.25%—the first such hike since Aug. 1, 2023. This move was both disappointing and counterproductive. Betraying his supply-side supporters, Warsh is peddling the exhausted…