Truthout
Economy
JPMorgan Ups Odds of Global Recession to 60 Percent Following Trump Tariffs
The stock market had some of its worst days since COVID wrecked the global economy in 2020.
GOP’s Plan to Give Tax Breaks to the Rich Is Now Projected to Cost $7 Trillion
The GOP has come under fire for using an accounting trick to claim the proposed tax cuts would have no budgetary impact.
Trump’s Trade War Is Desperate Ploy as US Empire Declines, Says Richard Wolff
Trump’s global tariff plan will have grave economic effects on US consumers and lead to a recession, the economist says.
Biden’s Rural Broadband Program May Become Casualty of Trump’s Anti-DEI Campaign
Funds for the program could be diverted to Elon Musk's satellite internet company, Starlink.
Investors From China Are Secretly Buying Stakes in Elon Musk’s SpaceX
The military contractor allows such investment through secrecy hubs like the Cayman Islands, court records say.
Puerto Rico Protests Against Higher Ed Cuts Follow Long Fight Against Austerity
The university showdown is the latest chapter in a decades-long struggle against austerity on the archipelago.
Trump and DOGE’s Attacks on CFPB Will Help Financial Industry Prey on Consumers
The Consumer Financial Protection Bureau is meant to protect us from predatory finance. That’s why Trump wants it gone.
Trump’s Economic Agenda Could Push the Housing Crisis Over the Edge
Organizers say desperate tenants are being pushed to the brink of revolt as Trump slashes assistance.
As DOGE Mauls Social Security, Profit-Hungry Private Equity Is Swooping In
Three private equity veterans are weaseling their way in, reportedly on the orders of the presumptive SSA commissioner.
DOGE’s Cuts to HUD Will Make It Harder to Afford Housing, Exit Homelessness
Department of Housing and Urban Development funds have been disrupted, sometimes through means that are likely illegal.