Truthout
Economy
As SNAP Crisis Continues, Trump Whines About Americans’ “Affordability” Concerns
Trump denied that voters’ concerns about the economy played a role in the GOP’s losses in this week’s elections.
Layoffs in 2025 Second-Highest Since 2009 in Potential Sign of Looming Recession
“Those laid off now are finding it harder to quickly secure new roles,” one of the report's authors said.
Trump’s White House Ballroom Is Being Bankrolled by Genocide and ICE Profiteers
The ballroom donor list also includes Wall Street and cryptocurrency firms that benefit from the president’s agenda.
Wealth Taxes Will Barely Slow Inequality. So Why Do the Super-Rich Resist Them?
A 2 percent wealth tax is like shaving off a fraction of a spire from a large cathedral, says economist Nancy Folbre.
10 Richest People in the US Gained Nearly $700B in Wealth Since Trump Reelection
In 2025, the share of total US assets owned by the wealthiest 0.1 percent reached its highest level on record.
Elon Musk Wants $1 Trillion to Build a “Robot Army” at Tesla
The Take Back Tesla campaign is urging shareholders to reject Musk's proposed $1 trillion compensation package.
22 States Are in Recession or Heading Toward One. The Shutdown Could Worsen It.
Moody’s Analytics looked at data predating the shutdown when the country's economic situation was already dismal.
Goldman Sachs: Consumers Are Carrying Largest Burden From Trump Tariffs
Up to 55 percent of the cost is being shifted onto consumers, according to a new analysis from the Wall Street bank.
Workers’ Wages Continue to Be Garnished to Pay Off Medical Debt
This aggressive collection practice is widespread even in a state considered to have strong consumer protections.
What Trump’s Executive Order on 401(K)s Means for Workers Who Hope to Retire
More workers may lose their hard-won retirement savings now that Trump has pushed them toward crypto and private equity.