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
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… -
opinion
Seattle’s Socialist Mayor Now Panicking Over Businesses Leaving
Seattle’s socialist-in-chief is no longer laughing about chasing away businesses and wealthy residents. But the attitude adjustment may be too little, too late. Just a few weeks ago, Seattle Mayor Katie Wilson infamously giggled when asked if she was concerned about wealthy residents fleeing Seattle because of her policies. “I think the claims that millionaires are going… -
news
‘BIG SAVING’: Trump Says Slashing This Regulation Will Lower Grocery Prices
President Donald Trump said every American family will experience a “big saving” in their grocery bills after he rolled back two Biden-era regulations on refrigerants. With the rollback, Trump said he made more refrigerants available for supermarkets and other businesses, which he says will save $900 million. The Daily Signal asked the president on Thursday how… -
opinion
Making Government Lean Again: The DOGE Effect
As of Jan. 1, 2026, the Department of Government Efficiency reports $215 billion in savings, or roughly $1,335 per taxpayer. Established in the early months of the second Trump administration and initially led by Elon Musk, DOGE set out to eliminate waste, fraud, and inefficiency in federal spending. Early results suggest those efforts are not… -
exclusive
‘There’s No Question Prices Are Elevated’: Trump Official Addresses Small Businesses’ Economic Pain
Small Business Administrator Kelly Loeffler acknowledged that Americans are facing increased prices but promised that the economy will improve after the military operation in Iran ends. “There’s no question in recent weeks, prices have bumped up because of rising gas prices due to the Iranian blockade of the Strait of Hormuz now,” Loeffler told the… -
news
Barney Frank, Architect of Landmark Wall Street Reforms, Dies at 86
WASHINGTON, May 20 (Reuters)—Former U.S. Rep. Barney Frank, a quick-witted Democrat who gave his name to a landmark financial reform bill after the economic crisis of 2007-2009, has died, his sister Ann Lewis said on Wednesday. He was 86. One of the best-known gay politicians of his time, Frank served for over 30 years in… -
opinion
Getting Back to Business: The Buttonwood Agreement on the Eve of America’s 250th Birthday
This week marks the anniversary of one of the most consequential yet least celebrated moments in American economic history. On May 17, 1792, 24 merchants, brokers, and auctioneers gathered at 68 Wall Street in New York and signed a concise, two-sentence agreement under a buttonwood tree. In plain language, they pledged to trade public stocks…