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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opinion
California: The Land of Regulation
California’s punishing cost of living isn’t inevitable—it’s policy-driven. Burdensome regulations have sent housing and energy prices soaring, crushing incomes and deepening poverty. Smarter deregulation could bring back the Golden State’s long-lost affordability and historic role as a “land of opportunity.” In 2024, California had a poverty rate of 17.7%, meaning about 7 million people were… -
opinion
Bureaucrats in the Way of Business
Is your business “needed”? Bizarrely, in many states, if you want to start a business, you first must convince bureaucrats that your business is “needed.” Four years ago, Louisiana blocked social worker Ursula Newell-Davis from helping kids with special needs. Bureaucrats said she hadn’t proved her business was needed. “Why does the state of Louisiana… -
opinion
How Do Federal Government Employees Get Away With Not Paying Their Taxes?
We have known for some time that our federal employees have cushy lives compared to the people for whom they work (us). What is particularly infuriating is that so many of them either don’t pay their taxes or are seriously delinquent on what they owe their employer—the federal government. Recently, the Treasury Inspector General for… -
opinion
No Great Expectations for New Jersey’s Businesses
It was the based of times, it was the woke of times, it was the age of candor, it was the age of cant, it was the epoch of sense, it was the epoch of pretense. And it was the season when firms started moving from high-tax, high-cost blue states to freedom-loving red states. ExxonMobil’s… -
exclusive
AFP Action Continues to Fight for Sen. Jon Husted Ahead of Special Election in Ohio
FIRST ON THE DAILY SIGNAL—With the midterms less than five months away, Americans for Prosperity Action is engaged in another ad campaign in support of Sen. Jon Husted, R-Ohio, ahead of his special election. Husted, who was appointed to office by Gov. Mike DeWine in January 2025 to replace Vice President JD Vance, is facing… -
news
Job Market Notches Third Straight Month of Solid Growth
REUTERS–The U.S. economy posted a third straight month of strong job gains in May, confirming the labor market was gaining traction after stumbling last year and giving the Federal Reserve more room to keep interest rates unchanged amid rising inflation due to the war in the Middle East. The closely watched employment report from the… -
news
DHS Secretary Blasts Senator for Calling ICE Unconstitutional: ‘If You Don’t Like the Laws, YOU Can Change Them’
Department of Homeland Security Secretary Markwayne Mullin fired back at Sen. Chris Murphy, D-Conn., during a Senate Appropriations subcommittee hearing over claims that Immigration and Customs Enforcement is lawless, dangerous, and unconstitutional. “We’re doing the job that Congress gave us the authority to do,” Mullin said. “If you don’t like the laws, you can change… -
news
A New Congressional Plan to Save $1.5 Trillion and End Abortion Funding
The Heritage Foundation released its version of Reconciliation 3.0, a new plan to end federal funding for abortion, combat fraud, and save America $1.5 trillion. The leading conservative policy institute on Wednesday unveiled “Setting the American Opportunity Agenda,” a special budget and spending report for Congress, and House Speaker Mike Johnson said he is ready… -
opinion
Restoring Affordability Starts With Modernizing America’s Freight Network
Americans are still reeling from years of inflation and supply chain disruption. Families are paying more than ever before for groceries, appliances, vehicles, and countless everyday goods. Washington talks constantly about affordability, but one of the most practical ways to lower costs rarely gets enough attention: making it cheaper and faster to move products across… -
opinion
California Was a Paradise, Then Newsom Happened
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. People talk about the California disaster, but I don’t think we fully appreciate the severity and the manifestations of… -
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…