Economy
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Trump economic adviser Hassett says tariffs to raise $3 trillion in new revenue in next decade
"The bottom line is that President Trump has produced a huge amount of tariff revenue with the tariffs we've seen in the first half of the year," National Economic Council Director Kevin Hassett said
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Treasury announces $27B June surplus from tariff revenue surge
That figure is sure to prove a boon to Trump's fiscal approval and possibly assuage concerns from tariff skeptics about their impact on the broader economy.
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Trump sends tariff letters to another 7 countries
"This Deficit is a major threat to our Economy and, indeed, our National Security!" he insisted in each.
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Federal Reserve holds interest rates, amid uncertainty about direction of US economy
President Trump has been pushing for the Federal Reserve to cut interest rates.
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You Vote: Do you agree with Trump's plan to allow farm and hotel workers here illegally to stay?
Trump, for his part, insisted that if he deported longstanding farmworkers, the farmers would then hire the criminals whom he insisted President Joe Biden allowed in the country.
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Inflation rate for May increased 0.1% from previous month, annual rate now 2.4%, Labor Department
Analysts projected a 0.2% increase from April to May.
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Fear of inflation fell in May: New York Federal Reserve survey
The Fed's Survey of Consumer Expectations showed that the one-year inflation outlook decreased a 0.4 percentage point, down to 3.2%, from April.
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US economy added 139K jobs in May, unemployment rate remains at 4.2%
Analysts forecasted 120,000 new jobs would be added to the economy
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Trump tariffs to slash deficit by $2.8 trillion over 10 years: CBO
The figure comes amid backlash from some Senate Republicans to the "big, beautiful bill" over its impact on federal spending.
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West Virginia Gov. Morrisey works to decouple his state’s investments from China
West Virginia Investment Management Board voted to adopt a policy similar to the Board of Treasury Investments to divest from Chinese companies.
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Trump's 50% steel tariffs begin, tariffs on UK remain 25%
The UK, which sends 7% of its total steel exports to the U.S. that is worth $500 million, is keeping the 25% tariff as a U.S.-UK trade deal is being worked out.
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Top Trump economic adviser predicts legislative agenda will make American families $10,000 richer
During a Just the News special with the Association for Mature American Citizens (AMAC) to be aired Thursday night, Hassett urged the Senate to pass Trump's 'big beautiful bill' or else face a massive tax hike.
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Consumer confidence increases after five-month decline
"The rebound was already visible before the May 12 US-China trade deal but gained momentum afterwards," economist Stephanie Guichard said.