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
‘Freedom Doesn’t Just Ring, It Revs’: IndyCar Brings America’s 250th Celebration to DC
WASHINGTON—This weekend, the streets of the nation’s capital will be taken over by one of the most American sports, IndyCar. The Freedom 250 Grand Prix will be a 250-mile race through the heart of the city, circling the National Mall and passing monuments and government buildings. It is set to bring more than 100,000 fans,… -
opinion
Ending the Welfare State as We Know It
President Bill Clinton signed the Personal Responsibility and Work Opportunity Reconciliation Act, otherwise known as welfare reform, into law 30 years ago on Aug. 22, 1996. The following is an excerpt from Lee Edwards’ book “The Power of Ideas”. Edwards served as a distinguished fellow at The Heritage Foundation and died in 2024. In the… -
opinion
You May Not Care About the National Debt, but the Debt Cares About You
The national debt just crossed $40 trillion, months ahead of schedule. For many Americans, though, that sentence lands with a thud rather than a jolt. That’s unfortunate because the debt matters far more than people understand, and it’s already helping fuel today’s cost-of-living crisis. Things will only get worse if we ignore the problem. Six… -
opinion
Victor Davis Hanson: The American Tech Boom No One Is Talking About
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. During this midterm summer and fall, don’t fall for the doom and gloom that we hear… -
opinion
Victor Davis Hanson: Blue States Are Betting Your Life on Illegal Truck Drivers
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. Jack Fowler: Twenty-one states and D.C. sue Trump administration to protect illegal alien drivers from the feds. This… -
news
Democrats’ Minimum Wage Hike Would Make Life Less Affordable: Study
A new study estimates that Democrats’ proposal to increase the federal minimum wage to $25/hour would cost the U.S. economy 5 million jobs and especially harm workers ages 16 to 24. “Politicians on the Left are making empty promises that minimum wage hikes will magically fix the cost of living crisis without doing their research,”… -
news
‘Grifting Grandmothers,’ COVID-19 Scammers Among Families That Cost Taxpayers $50 Million
About $50 million in federal fraud could have been avoided if grants were blocked for people living with convicted fraudsters, according to a new Senate report. The office of Sen. Joni Ernst, R-Iowa, chairwoman of the Senate Small Business Committee as well as the Senate DOGE Caucus, identified 15 “fraudster families” that received millions in… -
news
US Weekly Jobless Claims Dip in Latest Week
REUTERS—The number of Americans filing claims for unemployment benefits slipped last week, suggesting that the labor market remains stable despite a surprise drop in employment in July and leaving the Federal Reserve in position to keep its focus on containing inflation. Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 206,000 for… -
analysis
3rd State Strikes Latest Blow Against Media Blacklists
South Carolina is the latest state to push back against media-rating organizations that have helped blacklist conservative news outlets. In the 2026-27 state budget, lawmakers included a provision barring state agencies from spending taxpayer dollars with advertising companies that use media-monitoring systems to determine which news outlets receive advertising dollars. Gov. Henry McMaster signed the… -
exclusive
The Wait Is Over: Sean Duffy’s ‘Great American Road Trip’ Debuts
FIRST ON THE DAILY SIGNAL—Department of Transportation Secretary Sean Duffy is taking his family on “The Great American Road Trip” and bringing America along, too. The long-awaited reality TV series is here, and the Daily Signal got a first look at the family’s first two trips: Philadelphia and Texas. In the six-episode series, Duffy; his… -
news
TRANS POLITICAL VIOLENCE: Man Confessed He Planned to Assassinate Trump Official
A federal judge on Tuesday sentenced a man who confessed to planning the assassination of Treasury Secretary Scott Bessent. Judge Rudolph Contreras, an appointee of President Barack Obama, sentenced 24-year-old Ryan Michael English to 73 months in prison, far short of the 121 months prosecutors sought. English, who identifies as transgender and uses female pronouns… -
opinion
The Little-Known Democratic Socialist Plan to Reshape the American Left Through Labor Unions
The Democratic Socialists of America is quietly building a network of activists to influence unions that are central to the Democratic Party. The organization’s plan encourages young socialists to select jobs where they can either unionize or join existing unions and move them further to the Left. While most Americans are aware of DSA-backed officeholders… -
opinion
Reminding Corporations What They Are For
Edmund Burke, defending the “little platoons” of civil society against the leveling ambitions of revolutionary abstraction, would have found some to admire but little to recognize in the modern American corporation, an institution that has, in recent decades, developed an un-Burkean appetite for causes well beyond its charter. The Heritage Foundation’s Free Enterprise Initiative has… -
opinion
Homebuyers Deserve the Facts About Crime and Schools
Nothing is more natural when buying a house than looking into how safe the neighborhood is and, if you have or plan to have children, whether the schools are any good. Yet the last Democrat presidential administration tried to prevent real estate agents from answering those kinds of questions because it prioritized “diversity” over safety… -
news
Year After Deadly Crash, 21 Blue States Move to Block Trump Commercial Driver’s License Data Request
Democrat attorneys general have sued to block the Trump administration from accessing records on commercial driver’s licenses. The Trump Department of Transportation has stepped up enforcement of commercial driver’s licensing rules, seeking more information from states to find unqualified truck drivers, including illegal immigrants. It has threatened to withhold about $10 million in funding if… -
opinion
Victor Davis Hanson: You’re Not a Socialist—You Just Chose a $200K Degree Over a Trade
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. Sami Winc: So, Victor, let’s look at some of these primaries. We already talked a little bit… -
opinion
The Estate Tax Rewards the Wealthy for Funding Progressive Foundations
America’s private fortunes are the economic engines that built the most prosperous economy in world history, and they are giving themselves away. Since her 2019 divorce from Jeff Bezos, MacKenzie Scott has handed out $26 billion—much of it to racial equity, DEI, and “social justice” causes. Warren Buffett has pledged 99% of his roughly $170… -
news
US Consumer Prices Increase as Expected in July
U.S. consumer prices increased slightly in July, potentially weakening the argument for an interest rate increase from the Federal Reserve next month. The consumer price index edged up 0.1% last month after dropping 0.4% in June, which was the first decline in six years, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In… -
opinion
The Quiet Manufacturing Boom
Beneath the cacophony of media noise, an important untold story emerges: A manufacturing boom is unfolding across America right now, and especially so in the geographic center of the country. This developing boom represents an epochal shift because investments in factories and tangible production involve the stickiest kind of capital expenditures. The commitment to production… -
news
New Report Exposes the Foreign Cash Behind ‘Extremist Climate Activist Movement’
Foreign donors have poured over $130 million into U.S.-based climate activist nonprofits, according to a new database tracking over $5 billion in foreign funding. “Our database makes it clear foreign cash is bankrolling much of the extremist climate activist movement in America,” Caitlin Sutherland, executive director of Americans for Public Trust, told the Daily Signal….