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
$50M in REAL ID Grants Could Provide Path for Passing SAVE Act
A $50 million federal grant program to help states implement REAL ID could be a way to pass parts of the SAVE America Act, a sweeping election integrity proposal. “We are using every tool to get the SAVE America Act passed,” Rep. Julie Fedorchak, R-N.D., told the Daily Signal, a co-sponsor of the proposal. “This… -
news
Arrington Says the Clock Expired on Blocking Abortion Funding. Hawley Says Congress Has No Excuse.
House Republicans have been discussing reconciliation for months, with one consistent priority: reinstating the ban on federal funding for abortions. However, the budget resolution to kick-start the reconciliation process, released Wednesday morning, included no directive to block the funding. House Republicans introduced the $95 billion budget resolution with two goals in mind: pass the SAVE… -
news
Watchdog: Maryland’s Weak Controls Put Millions of Federal Tax Dollars at Risk
FIRST ON DAILY SIGNAL—Maryland officials struggled to keep track of hundreds of millions of dollars in federal funding, according to an analysis of state financial data. An audit found the state’s transportation department misreported $417 million, the Department of Human Services poorly tracked more than $200 million in funding, and other agencies committed similar accounting… -
news
A Growing Problem on America’s Roads Is Finally Getting Attention
Foreign-born truckers who illegally immigrated to the United States are receiving inadequate driving instruction, taking jobs away from American workers, and endangering the lives of fellow drivers. That’s the message of a new documentary from Steve Cortes called “Collision Course: Illegal Migrant Truckers.” Cortes, a Daily Signal contributor and founder of the League of American… -
news
Vivek Ramaswamy Discusses Crucial Role Jobs Will Play in Election Upon Receiving Key Endorsement
Vivek Ramaswamy, the Republican nominee for governor in Ohio, on Tuesday received the Chamber of Commerce PAC endorsement. It’s an endorsement that Ramaswamy teased is just one of many to come. Early on in his remarks, Ramaswamy addressed the American dream. He said he knows it exists because of his own experience. “I know it… -
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…