American consumer sentiment has plummeted to one of its lowest levels since records began in 1952. According to the University of Michigan’s latest survey, sentiment fell by 11% […]
Economy
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Johnson Faces Setback on Budget Vote
Speaker Johnson faced a setback in his attempt to pass a budget resolution through the House. Hard-right Republicans refused to support the measure, dealing a blow to Johnson’s […]
Economy
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Trump Administration Halts Climate Assessment Work
NASA issued stop-work orders on contracts with ICF International, which provided technical support for the Global Change Research Program. This action raises concerns about the future of the […]
Economy
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Court Decisions Impact Probationary Federal Employees’ Status
An appeals court decision has left the status of thousands of fired probationary federal employees in limbo. The case involves whether the firings were carried out lawfully. The […]
Economy
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Economic Downturn Signals Amid Tariff Discussions
Several indicators point to potential signs of an economic downturn. While tariffs have been a topic of discussion, experts suggest that they are unlikely to directly cause a […]
Economy
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Estimating the Cost of Trump’s Tariffs for US Consumers
The tariffs imposed by former President Donald Trump are expected to continue affecting US consumers. These tariffs, primarily targeting Chinese goods, have led to increased costs for a […]
Economy
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Treasury Secretary Bessent Advocates for Main Street Focus
Treasury Secretary Scott Bessent emphasized that President Donald Trump’s agenda prioritizes Main Street businesses and consumers, despite potential economic risks from new tariffs. “For the last four decades, […]
Economy
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Monetary Policy Challenges Amid Tariff Announcements
The announced tariffs pose significant challenges for monetary policy, placing Federal Reserve Chair Jerome Powell in a difficult position. The tariffs could test the Federal Reserve’s ability to […]
Economy
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China Guides Yuan Lower Amid Trade War Concerns
China is methodically guiding the yuan lower in response to trade war pressures, aiming to mitigate economic impacts without disrupting financial stability. On Wednesday, the People’s Bank of […]
Economy
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Global Markets React to Trump’s Tariffs as China Faces 104% Levies
World markets have reacted negatively to the latest round of tariffs announced by President Trump, with Asian and European markets experiencing significant declines. Rising yields on government bonds […]