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news
Trump Nominates Conservative Economist to Bureau of Labor Statistics
President Donald Trump has nominated The Heritage Foundation’s lead economist, E.J. Antoni, as the next commissioner of the Bureau of Labor Statistics. “Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,” Trump said on Truth Social. “I know E.J. Antoni will do an incredible job in this new… -
opinion
Virginians Could Save $1.4B a Year by Conforming to Trump Tax Law
Should the 2026 Virginia General Assembly choose to conform state tax laws to the full set of new tax rules at the federal level, Virginia families and businesses might save as much at $1.4 billion annually. That is a fresh estimate from the Tax Foundation, which looked at the impact of full conformity in all 50… -
news
Report: About 100,000 Californians Move to Texas Every Year
THE CENTER SQUARE—Despite a popular Texas phrase, “Don’t California my Texas,” and a song about the phenomenon, Californians are increasingly relocating to Texas. Roughly 100,000 Californians are moving to Texas a year—the equivalent of the population of Santa Barbara, according to a new study by StorageCafe. “This makes California the largest source of newly-minted Texans, accounting for… -
news
Trump to Settle on New Fed Governor by End of Week
President Donald Trump said he would select a new Federal Reserve governor before the end of the week. At a White House event Tuesday in which Trump signed an executive order about preparations for the 2028 Los Angeles Olympics, a reporter asked Trump whether he had chosen a replacement for a vacant seat on the… -
news
Trump to Sign Order Penalizing Politically Motivated ‘Debanking’
President Donald Trump plans to sign an executive order cracking down on “debanking,” a term used to describe financial institutions that selectively close customer accounts or deny services based on political or ideological beliefs. The order directs bank regulators to investigate whether any financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws,… -
news
Trump Fires BLS Chief Over Job Data ‘Tampering’ as Hassett Calls for Fresh Leadership
When confronted with July’s unexpectedly small job gain, National Economic Council Director Kevin Hassett questioned the job report’s accuracy and called for “a fresh set of eyes” at the Bureau of Labor Statistics. Friday’s report also included a sizable downgrade in the number of jobs created in May and June from original estimates. “The fact… -
news
Jaguar CEO to Retire Following Last Year’s Ad Controversy
The Jaguar CEO recently resigned in the wake of a controversial ad campaign the luxury car company released months ago in an effort to rebrand as “woke.” After spending three years as CEO and three decades total with Jaguar Land Rover, Adrian Mardell will officially retire on Dec. 31, the company announced Thursday. This comes… -
news
‘Make America Fish Again’ Campaign Urges Policy Review
THE CENTER SQUARE—Charter captains, commercial fishermen and recreational fishing advocates launched a national campaign this week urging President Donald Trump to issue an executive order restricting foreign industrial fishing in U.S. waters. The campaign calls for new protections to defend American jobs, marine ecosystems and the future of coastal communities. The campaign, titled “Make America Fish… -
opinion
Experts Were Wrong. The Economy’s Strong—But the Fed Won’t Budge.
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. I’d like to talk about the economy here at the beginning of August. We’ve just finished July. We have some of the July reports, but mostly,… -
news
Trump Takes Aim at China With New Tariff
The Trump administration has announced a new 40% tariff on transshipments in a move seemingly targeting China. Transshipments are indirect shipments through other nations and often involve the transfer of goods from one vessel to another. China has developed a large global shipping network, so while the tariff on transshipments will affect all countries… -
opinion
Making Automobiles Great Again
In all the hoopla about the One Big Beautiful Bill, one provision went completely overlooked—but that provision is now primed to usher in the rebirth of the great American car. But first, a little history. Back in 1975, in a panic over the Arab oil embargo and phony predictions that the world was running out… -
news
Fed Chief Powell Announces He Won’t Cut Interest Rates
Federal Reserve Chairman Jerome Powell announced Wednesday that the Fed will not be cutting interest rates for the time being, shortly after receiving a quarterly report on the U.S. economy. President Donald Trump has sought to pressure Powell for months to let more cash flow into the economy, arguing that inflation is low enough to… -
opinion
Trump’s Trade Lesson for Economists (and the World)
If America is in a trade war, the question to ask is, are we tired of winning yet? “Donald Trump reaps $50bn tariff haul as world ‘chickens out,’” reads the Financial Times headline. “Only China and Canada have retaliated against U.S. president’s tariff war,” the Financial Times’ subhead adds. “In the Trump-dominated global economy, the… -
news
Unlikely Duo Wins Senate Panel’s Unanimous OK on Housing Bill
Can Congress make housing more affordable? That’s the question that a new, bipartisan bill seeks to answer. The legislation was passed unanimously out of the Senate Banking, Housing, and Urban Affairs Committee on Tuesday by a vote of 24-0. The legislation, co-sponsored by an unlikely duo, Sens. Tim Scott, R-S.C., and Elizabeth Warren, D-Mass., hopes… -
news
Obama-Appointee Judge Rejects Lawsuit Blocking Fed From Meeting in Secret
An Obama-appointed federal judge rejected a Trump-allied investment firm’s request to block the Federal Reserve from holding its Tuesday meeting in secret. Azoria Capital, a pro-Trump, anti-DEI, and anti-ESG investment firm, filed a lawsuit against Federal Reserve Chair Jerome Powell arguing that the Fed’s closed-door Federal Open Market Committee meetings violate the Government in the Sunshine… -
news
Lutnick Confirms Tariffs Deadline Will Not Be Extended
Secretary of Commerce Howard Lutnick confirmed on “Fox News Sunday” that there will be no more “grace periods” come the Aug. 1 tariffs deadline. President Donald Trump‘s tariffs are set to take kick in Friday, when “customs will start collecting the money,” Lutnick said. “Obviously, after August 1st, people can still talk to President Trump…. -
opinion
Food Stamp Reforms in One Big Beautiful Bill Act Promote Upward Mobility
Means-tested welfare is the third-largest segment of federal spending, only outranked by Social Security and Medicare. The U.S. welfare system has been growing for decades, with little to show when it comes to helping lower-income Americans achieve upward mobility. In the recent One Big Beautiful Bill Act, however, Congress made some promising reforms to one… -
news
CHARLIE KIRK: Gen Z and the Economy Need Trump
It used to be “work hard, enjoy later,” but now it’s “enjoy now, pay later,” says Turning Point USA founder Charlie Kirk. In a recent interview with Tucker Carlson, Kirk sheds light on a decades-long economic crisis in America that’s crushing the American dream for young people. Kirk warns that if America’s leaders fail to… -
opinion
Washington Bureaucrats Are Destroying Small Business Dreams
Countless Americans see the United States as the land of opportunity. This belief is vividly demonstrated through the relentless pursuit of the American dream. According to the Small Business Administration, there are over 30 million small businesses across America. For each one of the individuals behind these businesses, opportunity is not just an ideal, it… -
opinion
LA’s Olympic-Sized Proposed Minimum Wage Hike Will Cost Jobs. Just Look at What California’s $20 Minimum Wage Has Done.
In a classic case of central planning, lawmakers in Los Angeles passed a bill in May to bring the minimum wage for hotel and airport workers to $30 by 2028, while also imposing a new $8.25 per hour mandatory health care contribution. Implementation of that bill is currently on hold as the city clerk reviews…
