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
House GOP Launches Reconciliation 3.0 to Advance SAVE Act, Fund Defense
House Republicans have released a budget resolution that aims to protect the nation and its elections. The nearly $100 billion budget resolution text dropped early Wednesday morning, acting as the launchpad for what’s been dubbed “Reconciliation 3.0.” The text, worked through with House leadership, the House Budget Committee, and the White House, hopes to accomplish… -
news
Trump Predicts How Iran Escalation Will Affect Economy
President Donald Trump expects inflation to remain low, even though renewed strikes on Iran could result in higher energy costs. The Tuesday consumer price index showed that inflation dropped to 3.5% in June, but it is unclear if the trend will continue in July, as Trump notified Congress that “limited” military action against Iran has resumed. He has… -
news
‘Reeks of Fraud’: Sean Duffy Calls Out CDL Tragedy in Ohio
Department of Transportation Secretary Sean Duffy is speaking out about another deadly crash allegedly caused by a foreign-born driver who had a commercial driver’s license despite not being able to speak English. Earlier this month, Bekhzod Asrarov, who was born in Uzbekistan, allegedly struck the back of a 2025 Honda Accord in Madison County, Ohio…. -
opinion
OMB’s Grant Proposal Is a Win for Taxpayers
The Office of Management and Budget is considering new regulations to crack down on wasteful spending and reassert the people’s control over spending decisions for federal grant-making. OMB coordinates policy implementation across the executive branch. As such, it wields great power over the administrative state, including the disbursement of federal funds. Under the Biden administration, OMB undercut taxpayers with wasteful spending that hurt America’s research capacity. The… -
news
US Consumer Inflation Slows More Than Expected in June
WASHINGTON, July 14 (Reuters)—U.S. consumer inflation slowed more than expected in June, but that will probably offer little comfort to households or rule out an interest rate increase from the Federal Reserve this year, with the conflict in the Middle East still unresolved. The consumer price index increased by a still-high 3.5% in the 12… -
news
Hospitals Would Report Social Security Recipients’ Immigration Status Under New Bill
A top conservative legislator in the U.S. House of Representatives is pushing a bill to require hospitals to report the immigration status of Social Security recipients after allegations of illegal immigrants and unlawful residents have risen in recent years. The Illegal Alien Reporting Act, introduced by Rep. Chip Roy, R-Texas, would “amend title XI of… -
opinion
Why Lower Gas Costs Take Time to Reach the Pump
When crude oil prices drop sharply, why do drivers have to wait for relief at the pump? The answer follows a convoluted and policy-constrained path from drill rigs to local gas stations. The prices we encounter at the pump result from this complex chain, which begins with global crude and passes through refining, wholesale, independent… -
news
Virginia’s State of Surveillance
If you sense that somebody’s watching you, you’re not paranoid; you’re a Virginian. The website Deflock.org allows readers to zoom in on a map of Virginia. It currently shows more than 5,500 surveillance cameras operating in the state. Northern Virginia, Richmond, and Hampton Roads are so thoroughly surveilled that they disappear under a blob of… -
opinion
Duffy Is Right to Focus on Delivering for Americans Instead of DEI
Transportation Secretary Sean Duffy is under attack by the Left for highlighting the contrast between the Trump administration and its predecessor when it comes to DEI. Recently, the Department of Transportation announced $1.73 billion in awards through the Better Utilizing Investments to Leverage Development grant program, or BUILD grant program, and directed nearly 77% of… -
opinion
Brad Lander and the Changing Face of the Democratic Party
A little over a year ago, I saw what is easily my favorite election polling graphic of all time. The picture showed the results of a citywide poll on the mayoral election in New York. Conducted by Emerson College Polling, the survey measured support for three candidates, with their percentages reflected in the snapshot. At… -
opinion
Why Our Kids Don’t Learn
Included in the 2025 One Big Beautiful Bill Act is a dollar-for-dollar tax credit, up to $1,700, for contributions to “Scholarship Granting Organizations” that parents can access and use toward paying for private school tuition and fees and other educational expenses. The provision is constructed such that states must choose to opt in to the… -
opinion
Welfare: It’s Not Just for Americans Anymore
Leftists like to claim that virtually no benefit money is given to noncitizens. A recent analysis by the Center for Immigration Studies argues that this is false. Households headed by noncitizens are not only receiving government benefits, but they are receiving them at higher rates than citizen households. Steven Camarota, director of research for the… -
news
Zeldin Unveils EPA Plan to Save Truckers $12 Billion
American truckers are expected to save $12 billion thanks to the Environmental Protection Agency and Administrator Lee Zeldin rolling back Biden-era regulations and addressing what he called a “nationwide disaster.” The administration plans to address manufacturers’ concerns, consumer pricing, and truckers’ safety by addressing system failures. “Americans depend on reliable trucks to move essential goods… -
news
Toyota to Build $3.6 Billion Texas Plant, Shift Some Truck Production From Mexico
Toyota Motor Corp. said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico, prompting triumphant statements from the White House. The Japanese automaker said the new 2.5 million-square-foot building will be located on its San Antonio manufacturing campus and will… -
opinion
Some Laws Kill
Car accidents kill 100 Americans every day. But now an amazing solution is available: self-driving cars. Robotaxis like Google-owned Waymo, for example. Passengers who try them, like them. Wherever robotaxis are allowed, ridership increases fast. Two years ago, there were 50,000 trips per week—today 500,000. “The car did a better job than if somebody was… -
opinion
MSCI’s SpaceX Rating Discredits the ESG Cartel
Elon Musk, the world’s richest man, recently became the first trillionaire in history when SpaceX—the rocket company he founded—debuted in a record-breaking IPO. Though market volatility has since pushed his net worth below the trillion-dollar mark in some trading sessions, the milestone endures, as does SpaceX’s groundbreaking innovation in reusable spaceflight and its expanding work… -
opinion
America at 250: Freedom, Capitalism, and the Future of the American Dream
This article is adapted from Maria Bartiromo’s segment on Fox News “Sunday Morning Futures.” Watch the video. In the history of the world, America has quickly ascended to become the number one global superpower, thanks in large part to capitalism and the rule of law and a Constitution that protects freedom and property. Together, it… -
news
MAHA Pushes Glyphosate Ban as EPA Nears New Safety Review
The Environmental Protection Agency is on track to complete its draft risk assessment of glyphosate by the end of the year. Following the Supreme Court ruling that Monsanto/Bayer can be shielded from liability when users are harmed by their product, the EPA is working to determine if the pesticide is safe. “The EPA is going… -
news
BOOM: Duffy Announces Supersonic Flights Are Coming Soon
Secretary of Transportation Sean Duffy announced on Tuesday afternoon that the Federal Aviation Administration is taking a “pivotal step” to make civil supersonic flights possible. The Department of Transportation says the flights will be fast, quiet, and coming soon. “Restoring supersonic flight over land isn’t just about speed, it’s about unleashing American innovation and ushering… -
analysis
The Great American State Fair Showcases MAHA
The Great American State Fair kicked off “MAHA Monday” by spotlighting the Make America Healthy Again movement, featuring healthier food choices and wellness speakers, hosted by the U.S. Department of Agriculture. The dedicated day is a testament that MAHA isn’t going anywhere, proving that you can make healthy choices even at a state fair. “Today…