Truthout
Economy
Lula Responds Defiantly to Trump’s Tariff Threat Against Brazil
The Brazilian president promised to respond in kind if Trump moves forward with a threatened 50 percent tariff.
Trump’s FTC Let Lobbyists Kill Popular Click-To-Cancel Rule, Advocates Say
A federal appeals court blocked the rule, which would have required companies to make it easier to end subscriptions.
Why Is BlackRock Gunning to Take Over a Minnesota Electric Utility?
Opponents say the deal would leave ratepayers and regulators at the mercy of far-off financial profiteers.
Senate GOP Moves to Slash Consumer Financial Protection Bureau’s Budget by Half
The new attack on the CFPB comes after an earlier proposal to eliminate its entire budget violated reconciliation rules.
Billionaires’ Wealth Has Skyrocketed by Over $6 Trillion Over the Past Decade
A new Oxfam report found the wealth of the global 1 percent has increased by $33.9 trillion since 2015.
Trump Is Setting the US Economy Up for Another Great Financial Crisis
Trump and tech capitalists like Elon Musk are trying to become kingpins of a largely unregulated financial system.
Senate Democrats Help GOP Pass Crypto Bill That Critics Call Flawed
The GENIUS ACT would “create a superhighway for Donald Trump's corruption,” Sen Elizabeth Warren told Rolling Stone.
Former Congressman Confirmed to Head IRS, an Agency He Once Worked to Abolish
Trump pick Billy Long's confirmation “signals open season for wealthy tax cheats,” said Americans for Tax Fairness.
Trump and Musk’s Dramatic Falling Out Displays the Hazards of Billionaire Rule
Author Quinn Slobodian speaks on how empowering these "titanically sized egos” threatens our collective wellbeing.
Trump Greenlights US Steel Merger Despite Campaign Promise to Scrap Deal
United Steelworkers President David McCall called the move “a disaster for American Steelworkers.”