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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analysis
How Indian Reforms Power US-India Defense Cooperation
U.S.-India defense cooperation has accelerated in the past decade. Today, India conducts more military exercises with the United States than with any other country. American platforms also underpin some of India’s most important military capabilities. The Indian Navy flies P-8I maritime patrol aircraft, operates MH-60R helicopters, MQ-9B drones, and uses sonobuoys. The Air Force operates C-17 and C-130J transports, Apache attack helicopters, and Chinooks…. -
exclusive
EXCLUSIVE: Trump USDA Faces Calls to Exit Climate Initiative Critics Call ‘Private Regulation’
FIRST ON DAILY SIGNAL—The Trump administration’s Agriculture Department remains publicly listed as a participant in a Biden-era climate initiative that critics say could drive up costs for American dairy farmers, accelerate consolidation in the industry, and ultimately make milk and other food staples less affordable for consumers. The initiative, Pathways to Dairy Net Zero, was… -
opinion
Bid to Raise Sales Taxes in Virginia Raises Questions
Thirty-five percent of Virginia’s municipal governments will be holding a referendum this November on whether to add a 1% sales tax to any transactions that take place in their county or city. The General Assembly approved amendments to Sections 58.1-605.1 and 58.1-606.1 to allow all Virginia cities and counties to put forth a referendum to… -
opinion
Victor Davis Hanson: Carney Picked a Trade War With Trump—But Why?
Editor’s note: This is a lightly edited transcript of the latest edition 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. Victor Davis Hanson: Canada, everybody likes Canada. Come on. We all have—I have a brother-in-law who’s Canadian… -
news
The Check Is (Lost) in the Mail
Checks worth at least $534,000 have gone missing after being mailed in Frederick County, Virginia. Authorities in the region suspect it may be an inside job, and that the checks are being stolen from envelopes only after they are turned over to the U.S. Postal Service. “We believe from the complaints it is from mail… -
news
JD Vance Says Abdul El-Sayed Represents an Evil Plaguing America
At a Monday rally in Michigan, Vice President JD Vance warned that Michigan Democrat Senate nominee Abdul El-Sayed represents an “evil” taking over the Democrat party that seeks to divide Americans. Vance was in Michigan campaigning on behalf of the Republican nominee, former Rep. Mike Rogers, telling the crowd that El-Sayed is a symptom of… -
news
Trump Suggests He Won’t Try to Talk Warsh Out of Rate Hike
President Donald Trump declined to criticize Federal Reserve Chair Kevin Warsh for suggesting he might raise interest rates, instead saying he trusts his appointee will do what needs to be done. When asked by the Daily Signal whether he opposes Warsh’s potential rate increase and whether he has spoken to Warsh about it, Trump said,… -
news
House Weighs Senate Funding Bill That Would Delay New White House Funding Rules to Combat ‘Wasteful Spending’
The U.S. House of Representatives is weighing a Senate funding bill that would delay the implementation of White House rules to combat “wasteful spending” of the kind targeted by the Department of Government Efficiency last year. The White House Office of Management and Budget proposed a regulation for federal financial assistance in May, aiming to… -
opinion
Victor Davis Hanson: Canada Is Picking the Wrong Fight With Trump
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. We’re in another spat with our northern neighbor, Canada, kind of a psychodrama again. We were… -
news
Duffy and Mullin Target Illegal Immigrant Trucking, Immigration Fraud Network
The Trump administration just announced an interagency effort to combat fraud in the trucking industry. Transportation Secretary Sean Duffy and Homeland Security Secretary Markwayne Mullin are working with the Justice Department and the White House Fraud Task Force to get non-English-speaking commercial truck drivers, who they say are putting Americans in danger, off the road…. -
opinion
Common Good Versus Stakeholder Capitalism
Amid the on-going debates about capitalism, it is worthwhile to flesh out some distinctions between common good capitalism and stakeholder capitalism. Let’s start with some definitions. Capitalism is generally associated with free enterprise and free market exchange whereby producers and traders generate profits by providing value to counterparties. It can perhaps most starkly be contrasted… -
news
Buried NIH Trans Report Did DEI Search for ‘Youth of Color’ and Males for Study
Researchers examining the effects of puberty blockers and transgender hormones for ages 8 through 20 set a goal of enrolling “additional youth of color” and more “assigned male at birth” participants for a taxpayer-funded study. This is because the participants getting these treatments skewed overwhelmingly white, as well as toward a majority of young females… -
exclusive
WOKE ALERT: Major Companies Are Rebranding DEI or Sticking With It
FIRST ON THE DAILY SIGNAL—While corporate America has dialed back the woke messaging in recent years, as the second administration of President Donald Trump cracks down on “diversity, equity, and inclusion” efforts, some companies are still pushing DEI, climate, and LGBTQ+ initiatives, while some have rebranded the programs under new names. “Woke companies want you… -
news
Obama Judge Again Blocks Trump Mail Ballot Rule, Even After SCOTUS Decision
In a roller coaster week for the Trump administration’s rule on mail-in ballots, the same federal judge reversed by the Supreme Court imposed a 14-day temporary restraining order on the U.S. Postal Service. U.S. District Judge Indira Talwani in Boston ruled Thursday night that states can’t comply with the new rules this close to an… -
breaking
Trump Responds to Concerns About Canada Trade War Raising US Prices
President Donald Trump brushed off affordability concerns related to his trade war with Canada in response to a question from the Daily Signal on Thursday. Earlier this week, Trump announced he will impose tariffs on Canadian cars amid his trade war with our neighbor to the north. He has called Canada “one of the worst… -
analysis
Housing Affordability Crisis Results From ‘Too Much Socialism,’ Not Too Little: Report
America’s housing affordability crisis isn’t a result of too little government intervention or socialism, but a tragic consequence of massive federal intervention gone awry, a new Heritage Foundation report argues. “When it comes to housing, our problem isn’t a lack of socialism but too much socialism,” John Gibbs, Heritage’s economics director, told the Daily Signal…. -
news
In Effort to Boost Affordability, Trump Signs Proclamation Importing Foreign Beef
President Donald Trump signed a proclamation Wednesday afternoon to increase foreign imports of beef in an effort to lower beef prices ahead of midterms. Trump is temporarily removing tariffs on 300,000 metric tons of imported lean beef trimmings for 90 days. According to the proclamation, the countries supplying the beef would sell it at 25% below… -
opinion
Housing Is Too Expensive. Blame Your Local Tree Ordinance.
Matthew Bernard wanted to build a home. He bought a small lot in Oakland, California, and began clearing several diseased and fallen trees that the local fire department had identified as hazards. The result was a $915,000 “mitigation fee” from the city of Oakland—nearly five times the value of the lot itself. Under Oakland’s tree… -
news
Support for Beaver’s Mini Mart Continues After Buc-ee’s Sparks Outrage
Buc-ee’s opened its first Ohio location less than five months ago, but that excitement looks to have waned with the Texas gas station chain going after a local mini-mart that’s been a staple of Beavercreek, Ohio, for years. Earlier this month, Buc-ee’s put out a press release regarding a lawsuit against Beaver’s Mini Mart, which… -
opinion
Victor Davis Hanson: Why Trump Gets Results While Diplomats Fail
Editor’s note: This is a lightly edited transcript of the latest edition 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. Victor Davis Hanson: I think Donald Trump has got, as I said earlier, an anaconda Civil War…