Truthout
Economy
First US Sale of Seized Venezuelan Oil Goes to Company of Trump Megadonor
Proceeds from the oil sale are being stashed in Qatar, an arrangement critics say opens the door to more corruption.
New York Federal Reserve Gave Wall Street Over $420 Billion in the Past 7 Months
Massive, unprecedented payouts with few strings attached could signal that big banks are seriously short on cash.
December Saw Fastest Monthly Food Price Increases Since Pandemic
The president promised during the 2024 campaign to reverse price increases, but he has failed to deliver.
Trump’s “Homes for People” Plan Distracts From Failing Policies, Experts Say
Trump's proposal to ban institutional investors from buying homes won't make up for damage of tariffs and deportations.
Fossil Fuel Subsidies Are Leading the US and EU Into Industrial Decline
We must reject the argument that climate protection is a burden on the economy, says energy expert Hans-Josef Fell.
Top 15 US Billionaires Gained Nearly $1 Trillion in Wealth in Trump’s First Year
The US has 935 billionaires, roughly a dozen of whom have jobs within the Trump administration.
Trump Thanks “MISTER TARIFF” on Truth Social, Claiming US Economy Is Improving
Polling shows a majority of Americans give Trump negative ratings on his handling of the economy and inflation.
Trump’s Kidnapping of Maduro May Benefit Corporations That Are Suing Venezuela
A government installed by the US may be more willing to act in favor of corporate plaintiffs alleging financial damages.
As 19 States Raise Their Minimum Wages, the Federal Rate Remains Stuck at $7.25
The federal minimum wage has not risen since 2009.
A New Tax Will Cut Into a Lifeline for Immigrant Families
Cash, checks, and money orders that millions of immigrants rely on to support loved ones abroad will see new costs.