Economy

129 articles in the Economy category.

President Trump boards Air Force One as he prepares to depart China.
World NewsEconomyMay 18, 2026

Trump-Xi Summit Yields Concrete Trade Commitments on Agriculture, Boeing, and Rare Earths

By Tommy Flynn

WASHINGTON — President Donald Trump’s two-day state visit to Beijing concluded with several tangible economic agreements between the United States and China, including major new purchases of American agricultural goods, Boeing aircraft, and steps to ease rare earth mineral...

Screenshot from C-span coverage of Kevin Warsh’s Senate confirmation hearing (April 21, 2026)
PoliticsEconomyMay 12, 2026

Senate Confirms Kevin Warsh to Federal Reserve Board, Paving Way for Chairmanship

By Tommy Flynn

WASHINGTON — The Senate confirmed Kevin Warsh as a member of the Federal Reserve Board of Governors on Tuesday, positioning the former Fed official to succeed Jerome Powell as chairman once his nomination for the four-year chair term receives final approval. Lawmakers voted...

Beef cattle in a feedlot in New Mexico
US NewsEconomyMay 11, 2026

Trump Suspends Beef Import Tariffs to Cut Record-High Prices

By Tommy Flynn

WASHINGTON — President Donald Trump signed executive orders Monday suspending tariff-rate quotas on all beef imports for 200 days, clearing the way for more foreign beef to enter the U.S. at lower rates and ease record consumer prices. The move targets the smallest U.S. cattle...

Trump Administration Open to Federal Gas Tax Suspension as Fuel Prices Climb Amid Iran Conflict
US NewsEconomyMay 11, 2026

Trump Administration Open to Federal Gas Tax Suspension as Fuel Prices Climb Amid Iran Conflict

By Tommy Flynn

WASHINGTON — Energy Secretary Chris Wright said Sunday the Trump administration is open to suspending the federal gas tax to provide relief for American drivers facing higher prices tied to the conflict with Iran. Appearing on NBC’s “Meet the Press,” Wright stated, “All measures...

US $1 bills
EconomyPoliticsMay 8, 2026

Trump Economy Remains Resilient as April Jobs Report Beats Expectations Despite Iran Conflict

By Tommy Flynn

WASHINGTON — The U.S. economy added 115,000 jobs in April, far exceeding economists’ forecasts and demonstrating continued strength under President Donald Trump even as tensions with Iran persist in the Middle East. The Bureau of Labor Statistics reported Friday that nonfarm...

A judge in a robe holds a gavel over a desk in a courtroom.
In the CourtsEconomyMay 8, 2026

Trade Court Blocks Trump’s 10% Global Tariffs

By Tommy Flynn

WASHINGTON — The U.S. Court of International Trade ruled Thursday that President Donald Trump’s 10% global tariffs on most imports are unlawful, dealing another significant legal setback to the administration’s trade agenda. In a 2-1 decision, a three-judge panel found that...

Vice President Vance holding the first meeting of the Trump Administration's Task Force on Eliminating Fraud on 28 March 2026
US NewsEconomyMay 6, 2026

Vice President JD Vance Exposes SNAP Fraud at Iowa Rally, Reveals 186,000 Dead People Still Receiving Benefits

By Tommy Flynn

DES MOINES — Vice President JD Vance highlighted massive fraud in the Supplemental Nutrition Assistance Program (SNAP) during a rally in Iowa on May 5, 2026, revealing that approximately 186,000 deceased individuals are still listed as active recipients and receiving benefits....

Trump Authorizes New Canada-U.S. Oil Pipeline Project as Keystone XL Replacement
US NewsEconomyMay 5, 2026

Trump Authorizes New Canada-U.S. Oil Pipeline Project as Keystone XL Replacement

By Tommy Flynn

WASHINGTON — President Donald Trump has signed an executive order authorizing the Bridger Pipeline Expansion, a major new cross-border oil pipeline project that would transport Canadian crude into the United States and effectively revive key elements of the Keystone XL pipeline...

The Albemarle Corporation Lithium Operation at Silver Peak Nevada.
US NewsEconomyMay 2, 2026

Massive Appalachian Lithium Discovery Could Supply U.S. for Centuries, Advancing Trump’s Domestic Mineral Independence Push

By Tommy Flynn

WASHINGTON — The U.S. Geological Survey announced this week that the Appalachian region holds an estimated 2.3 million metric tons of undiscovered, economically recoverable lithium oxide — enough to replace 328 years of current U.S. lithium imports and power 130 million electric...

An aerial overview shot of the BMW Group Plant in Dingolfing.
US NewsEconomyMay 1, 2026

Trump Raises Tariffs on EU Cars and Trucks to 25% Citing Non-Compliance with Trade Deal

By Tommy Flynn

WASHINGTON — President Donald Trump announced Friday that the United States will increase tariffs on cars and trucks imported from the European Union to 25%, effective next week. In a Truth Social post, Trump stated: “Based on the fact the European Union is not complying with...

President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025.
US NewsEconomyApril 29, 2026

Fed Signals It Will Hold Interest Rates Steady in Jerome Powell’s Final Meeting as Chair

By Tommy Flynn

WASHINGTON — The Federal Reserve is widely expected to keep its benchmark interest rate unchanged when it concludes its two-day meeting on April 29, 2026 — Jerome Powell’s final FOMC meeting as Chair. In a statement following the meeting, the Federal Open Market Committee (FOMC)...

UAE Announces Exit from OPEC and OPEC+ Effective May 1
World NewsEconomyApril 28, 2026

UAE Announces Exit from OPEC and OPEC+ Effective May 1

By Tommy Flynn

ABU DHABI — The United Arab Emirates announced on April 28, 2026, that it will withdraw from the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance, effective May 1. The decision, reported by state news agency WAM, follows a comprehensive review of...