Economy News
The Daily Signal reports on economy news with analysis and commentary on growth, recession risks, employment, and financial trends.
-
Jeanine Pirro Slams ‘Activist’ Judge for Blocking Subpoenas Against Fed Chair Powell
A federal judge on Friday blocked subpoenas issued by the Justice Department as part of its criminal investigation into Federal Reserve Chair Jerome Powell’s handling of renovations of the central bank’s Washington headquarters. U.S. Attorney for the District of Columbia Jeanine Pirro, an appointee of Republican President Donald Trump whose office is spearheading the investigation, promised…Daily Signal Staff -
‘RIPPING US OFF’: Tim Burchett Blames Oil Companies’ ‘Greed’ for Higher Prices
A House Republican appeared to take a page out of Democrats’ playbook, blaming the “greed” of oil companies for increased oil prices, even as an oil trade association attributed the spike to the conflict in Iran. “Just fueled up the dually with diesel yesterday, I decided to do that instead of sending my daughter to…Pedro Rodriguez -
GOP Considers Last-Ditch Affordability Effort Ahead of Midterms
House Republicans are gathering in Doral, Florida, this week to strategize ahead of a sprint to the midterms. As affordability remains a top concern for Americans, Republicans are mulling a second budget reconciliation, a second “Big, Beautiful Bill,” that looks to deliver on affordability and other priorities of President Donald Trump. “One of the things…Virginia Grace McKinnon -
Why the Department of Transportation Is Asking Americans to Travel in 2026
“Celebrate your country by seeing your country.” With that message to Americans, Transportation Secretary Sean Duffy kicked off a new national campaign Friday at Union Station in Washington, D.C.—one designed to remind Americans that the freedom to move has always been at the heart of the American story. As the nation celebrate its 250th birthday this year, the U.S. Department of Transportation unveiled “Freedom…Katherine Matt -
After Supreme Court Ruling, Tariff Refund Battle Just Beginning
The Trump administration will pay interest on refunds for global tariffs if ordered to do so, according to a court filing on Wednesday. U.S. officials have not committed to full refunds on the money collected from tariffs, as President Donald Trump has said he would find other laws to continue his tariffs. However, litigation and negotiations…Fred Lucas -
Walz Defends Continued Welfare Payments During Fraud Probe
House Republicans on Wednesday grilled Minnesota Gov. Tim Walz and Attorney General Keith Ellison about the state’s $9 billion fraud scandal and allegations that whistleblowers faced retaliation. The hearing of the House Oversight and Government Reform Committee comes a day after the panel released a report alleging that Walz and Ellison were aware of welfare…Fred Lucas -
‘YOUR DAY WILL COME’: Democrat Vows Retribution Against ICE While Sponsoring Bill to Block Agents From Getting Jobs
The White House has joined with the top Republican in the Colorado House of Representatives in condemning bills seeking to prevent any Immigration and Customs Enforcement agent from joining state and local police, and to make ICE agents liable for alleged violations of constitutional rights. “ICE officers are facing a 1300% increase in assaults because…Tyler O’Neil -
US Tariff Lawsuits Returned to Trade Court to Determine Next Steps
REUTERS—A U.S. appeals court on Monday returned the lawsuits that led to most of President Donald Trump’s tariffs being struck down to the U.S. Court of International Trade, which could determine the process for refunding more than $130 billion to importers. The U.S. Court of Appeals for the Federal Circuit issued a one-page order granting the…Tom Hals -
Courts Split on Role IRS Can Play in Immigration Enforcement, Data Sharing
In the span of two days, courts have issued somewhat conflicting rulings about what the Internal Revenue Service can do to assist the Trump administration’s immigration enforcement efforts. On Thursday, U.S. District Judge Colleen Kollar-Kotelly for the District of Columbia determined that almost 43,000 addresses the IRS shared with Immigration and Customs Enforcement last August…Fred Lucas -
Future of SAVE America Act in Limbo as Senate GOP Turns to Housing
In the wake of President Donald Trump’s State of the Union, the Senate GOP says they “look forward” to getting straight to work implementing the aggressive legislative agenda the president laid out in the speech. Foremost among the president’s priorities is the SAVE America Act, which would secure America’s elections by requiring proof of citizenship to register to…Virginia Grace McKinnon -
A Legal Analysis of the Supreme Court’s Tariff Ruling
The Supreme Court has struck down President Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs by a vote of 6-3, with Chief Justice John Roberts writing for the majority. Notably, the majority opinion made clear: “We claim no special competence in matters of economics or foreign affairs. We claim only,…Stefan Padfield -
Learning Economic Literacy Through Another Government Shutdown
Despite last-minute negotiations, federal leaders have once again entered another federal government shutdown, as funding has lapsed for the Department of Homeland Security. To eventually re-open DHS, Congress will have to resort to an increasingly common financial legerdemain: funding the federal government through a last-minute “continuing resolution” rather than an on-time vote before the start…Ted Tucker -
SOTU: The Economy Is Improving for Americans
The American economy is strong. That sounds simple, but in the current political climate, simple truths have a way of getting buried under argument and qualification. So, it’s worth saying plainly: By most meaningful measures, the first year of President Donald Trump’s second term has been good for the economy. The numbers say so. The…EJ Antoni -
LIVE STATE OF THE UNION COVERAGE by Daily Signal, Featuring Tony Kinnett
The Daily Signal is LIVE right now with extraordinary coverage of President Donald Trump’s State of the Union address. The Daily Signal’s Tony Kinnett stages a special edition of his show, “The Tony Kinnett Cast,” featuring pre-speech commentary and expert analysis by Daily Signal reporters and editors. Then, it’s uninterrupted coverage of the president’s remarks…Daily Signal Staff -
‘Historic Relief for Americans’: Trump to Showcase Economy in State of the Union Address
President Donald Trump is expected to highlight his economic accomplishments in the 2026 State of the Union address. The official theme of the speech is reportedly “America at 250: Strong, Prosperous and Respected.” Trump will showcase the economy by highlighting working-family guests and a data-driven case on affordability, Fox News Digital first reported. For instance,…Elizabeth Troutman Mitchell -
Spanberger to Respond to the State of the Union Despite Sewage Crisis
Virginia Gov. Abigail Spanberger ran her gubernatorial campaign last year as a moderate Democrat. Now that she’s sworn in, however, Virginia Democrats are pushing for a slew of new taxes as the state struggles to respond to winter storms and the massive Potomac sewage spill. Nevertheless, her performance seems good enough for national Democrats to…Virginia Grace McKinnon -
Border Patrol Union Blames Biden Admin for Cartel’s Possession of ‘Military-Grade Weapons’
The National Border Patrol Council is blaming the Biden administration for a Mexican criminal cartel obtaining “military-grade weapons.” “For the entire [four] years of the Biden administration’s destructive term, his team allowed unfettered access and ceded complete control of our border to the Mexican cartels, so it’s no surprise to anyone that the cartels were…Virginia Allen -
Who Are the President’s State of the Union Guests?
First lady Melania Trump’s box will be filled with special guests during President Donald Trump’s State of the Union address Tuesday night. Trump’s honored guests include men and women of the U.S. military and “everyday Americans who have benefited” from Trump’s policies, according to White House press secretary Karoline Leavitt. Pennsylvania wife and mother Megan Hemhauser is…Virginia Allen -
Markets Offer Unusual Bets on State of the Union
Ahead of President Donald Trump’s State of the Union address, online prediction markets are offering bets on a host of questions. Prediction markets, such as Kalshi and Polymarket, have exploded in popularity in recent years, raising legal and regulatory questions. Here are some of the unusual wagers these services are offering when Trump takes the…George Caldwell -
EXCLUSIVE: Johnson Reveals State of the Union Special Guest
FIRST ON THE DAILY SIGNAL—Speaker of the House Mike Johnson will bring pro-life advocate Pastor Damon Magee, of Shreveport, Louisiana’s Kings Temple UPC, as a special guest to President Donald Trump’s State of the Union address on Tuesday. “I am honored to welcome Damon Magee to the U.S. Capitol as my guest for the president’s…Pedro Rodriguez