With crude oil prices surpassing $90 per barrel, rising energy costs are inevitably reflected in the prices of everyday goods. This is a challenging time for managing family budgets. However, the catastrophic collapse some politicians are warning about is not happening, writes MoneyTalks. A number of measurable indicators…
President Donald Trump made a series of statements about the U.S. economy during his State of the Union address to Congress on the evening of February 21. The Pittsburgh Post-Gazette compiled and fact-checked his statements. Trump: "We've built the strongest economy in U.S. history." Assessment: exaggeration. The economy...
By a 6-3 vote, the US Supreme Court ruled that Trump cannot use the 1977 International Emergency Economic Powers Act (IEEPA) to impose import taxes on nearly every country in the world, the BBC reports. Now, businesses and consumers...
More than 20 US state economies are in or near recession, Fox Business reports, citing financial analytics firm Moody's. Moody's Analytics has identified major economies, including Illinois, Georgia, and Washington, as high-risk recession zones. Economies in more than 20…
On October 1, the United States officially entered a government shutdown. The federal government halted operations due to Congress's failure to agree on a budget for the new fiscal year. NBC News, CNBC, and other sources explain the reasons for the shutdown and its potential consequences. On October 1,…
The president continues to try to distance himself from the American economy, which has been destabilized by tariffs and trade wars he initiated, MSNBC reports. On August 1, the Bureau of Labor Statistics released an alarming monthly employment report, showing that the U.S. labor market is much more vulnerable than many expected.…
The US economy posted its worst quarterly performance since 2022, as President Donald Trump's significant policy shifts have rattled consumers and businesses, CNN reports. Gross domestic product, which measures the value of all goods and services produced in the economy, fell in…
Two respected publications – CNN and Reuters – conducted polls among Americans to find out their attitude towards the economic policy of the Trump administration. Traditionally, the publications’ partners were the analytical companies SSRS (Social Science Research Solutions) and Ipsos, which have a reputation for being the most reliable and showing…
On March 4, the United States began to impose 25 percent duties on imports of goods from Canada and Mexico. The duty on imports of Chinese products was increased to 20 percent. In addition, Donald Trump promised to impose 25 percent duties on imports of cars and other goods from the European Union. This…
The Atlanta Federal Reserve Bank of Atlanta's GDP Tracking Index (an economic indicator that measures in real time the rate of growth of U.S. gross domestic product in the current quarter) points to a 1,5% contraction in the first quarter, Fortune reports. Just a few days ago, it was forecasting growth…