Truthout
Economy
Trump’s Reckless Tariff Flailing Is a Destructive Turn by a Declining Power
The recent US-China trade truce may hold, but Trump's constant policy swerves make industrial peace unlikely.
Average US Family Is Now Paying $700 More Per Month on Basic Needs Under Trump
A report by Democrats on the congressional Joint Economic Committee blames the president's tariffs for inflation.
Majority of Americans Support Mamdani’s Affordability Proposals, Poll Finds
Nearly 7 in 10 respondents said they back the mayor-elect’s proposal to raise taxes on corporations and the 1 percent.
With Big Tech Talking Government Backing, Has OpenAI Become “Too Big to Fail”?
Leaders at the AI company are scrambling to pacify concerns that the bubble around their company could soon burst.
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.
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.
Inflation and Jobless Claims Are Rising. Economists Blame Trump’s Tariffs.
The cost of food and other household items saw a big jump in August alone.
Experts Blame Trump’s Tariffs for Cratering Job Creation
The new jobs report showed a grim outlook for the economy, with particularly dire impacts on manufacturing.
Democratic Senators Demand Banks Disclose Policies on Predatory Overdraft Fees
Earlier this year, Trump repealed a $5 cap on most overdraft fees that was set to go into effect in October.