Economy

89 articles in the Economy category.

Aerial view of the Pentagon
RWTNews
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US NewsEconomyApril 16, 2026

Pentagon Holds Talks with GM, Ford and Other Automakers to Ramp Up Weapons Production

By Tommy Flynn

WASHINGTON — Senior Pentagon officials have begun preliminary discussions with top executives from major U.S. automakers, including General Motors CEO Mary Barra and Ford Motor CEO Jim Farley, about shifting factory capacity and personnel to produce weapons, munitions, and other...

Iran Conflict and Hormuz Closure Deliver Textbook "America First" Energy Triumph
Opinion
EconomyApr 15, 2026

Iran Conflict and Hormuz Closure Deliver Textbook "America First" Energy Triumph

By Herald Truman

Don't fall for the propaganda. The Military action against Iran is exactly America First.

President Donald Trump speaks at a press conference in the James S. Brady Press Briefing Room at the White House
US NewsEconomyApril 10, 2026

Tariff Lawsuit Against Trump Heads to U.S. Court of International Trade as Oral Arguments Begin

By Tommy Flynn

WASHINGTON – Oral arguments began today in a major legal challenge to President Donald Trump’s latest round of global tariffs before the U.S. Court of International Trade. A coalition of mostly Democrat-led states and small businesses sued the administration over the 10%...

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EconomyWorld NewsApril 8, 2026

Markets Rally on Trump’s Iran Ceasefire Announcement as Oil Prices Drop Sharply

By Tommy Flynn

WASHINGTON – U.S. stock markets rose and oil prices fell sharply Tuesday after President Donald Trump announced a Pakistan-brokered two-week ceasefire with Iran, easing immediate fears of prolonged disruption in the Strait of Hormuz. The announcement, made late Tuesday...

Trump’s 2027 Budget Proposal Refocuses Federal Spending on National Priorities, Cuts State-Level Programs
US NewsEconomyApril 4, 2026

Trump’s 2027 Budget Proposal Refocuses Federal Spending on National Priorities, Cuts State-Level Programs

By Tommy Flynn

WASHINGTON – President Donald Trump’s proposed fiscal year 2027 budget, submitted to Congress on April 3, 2026, sharply reduces federal funding for programs that traditionally fall under state responsibility while boosting spending on core national functions such as border...

Strong March Jobs Report Adds 178,000 Positions as Unemployment Holds Steady at 4.3%
US NewsEconomyApril 3, 2026

Strong March Jobs Report Adds 178,000 Positions as Unemployment Holds Steady at 4.3%

By Tommy Flynn

WASHINGTON – The U.S. economy added a robust 178,000 nonfarm payroll jobs in March 2026, snapping back sharply from February’s revised loss of 133,000 jobs and delivering the strongest monthly gain since December 2024, the Bureau of Labor Statistics reported on April 3, 2026....

Federal Reserve Chairman Jerome Powell testifies before Congress on Tuesday, June 24, 2025
US NewsEconomyMarch 30, 2026

Powell Reiterates Longstanding “Wait and See” Approach on Iran War, Signaling Continued Resistance to Trump Economic Agenda

By Tommy Flynn

WASHINGTON – Federal Reserve Chairman Jerome Powell said Monday the central bank will continue its “wait and see” stance on how the ongoing U.S.-Iran conflict affects the economy, repeating a policy he has maintained for years that critics say is designed to slow President...

President Donald Trump announced the launch of the Trump Accounts program at the Andrew W. Mellon Auditorium in Washington, D.C., Wednesday, January 28, 2026.
US NewsEconomyMarch 28, 2026

Trump Accounts Program Sees Strong Early Uptake, with Nearly 1 Million Newborns Enrolled

By Tommy Flynn

WASHINGTON – More than 4 million American children have already been enrolled in the Trump Accounts program, including nearly 1 million newborns who qualified for the $1,000 federal seed investment, according to IRS data reviewed by the Washington Examiner and reported by...

A security line at Miami Int'l Airport
US NewsEconomyMarch 26, 2026

Trump Administration Weighs Unilateral Action to Pay Unpaid TSA Officers, Bypassing Congress During Partial DHS Shutdown

By Tommy Flynn

WASHINGTON – The Trump administration is actively considering unilateral executive action to ensure paychecks for approximately 50,000 Transportation Security Administration officers who have gone without compensation since the partial Department of Homeland Security shutdown...

TransAlaska pipeline
US NewsEconomyMarch 25, 2026

Record $163.7 Million Oil and Gas Lease Sale in Alaska’s National Petroleum Reserve Marks Historic Success for Trump Administration

By Tommy Flynn

ANCHORAGE, Alaska – The Bureau of Land Management held a landmark oil and gas lease sale in the National Petroleum Reserve-Alaska (NPR-A) on March 18, 2026, generating a record $163,696,722 in high bids and delivering a major win for domestic energy production. The sale offered...

Meta CEO Mark Zuckerberg delivers the keynote address at the 2018 F8 developer conference.
EconomyUS NewsMarch 24, 2026

Economist warns billionaires tax could cost California $25B

By Madeline Shannon

(The Center Square) – The proposed California billionaires tax would cost the state more money than it would bring in if the Golden State’s “golden goose” flocks to other states, according to a Stanford economist. Joshua Rahu, a finance professor at the Stanford Graduate School...

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US NewsEconomyMarch 21, 2026

Trump Administration Issues 30-Day Waiver on Iranian Oil Sanctions to Ease Soaring Prices

By RWTNews Staff

The Trump administration has temporarily waived sanctions on Iranian oil already loaded on vessels at sea, marking the first easing of such restrictions since they were imposed after the 1979 Islamic Revolution. Treasury Secretary Scott Bessent announced the narrowly tailored...