Economy

89 articles in the Economy category.

Secretary of the Treasury Scott Bessent speaks during a bilateral meeting with President Ferdinand Marcos Jr. of the Philippines in July 2025.
US NewsEconomyMarch 4, 2026

Bessent Announces Global Tariff Hike to 15% This Week, Building on Resilient Trade Authorities

By Tommy Flynn

WASHINGTON – Treasury Secretary Scott Bessent stated Monday that the administration will likely increase President Trump's temporary 10% global import tariff to 15% this week, as part of efforts to rebuild U.S. trade protections under proven legal frameworks following the...

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EconomyUS NewsMarch 3, 2026

Trump Administration Prepares Measures to Mitigate Oil Price Spikes from Iran Conflict

By RWTNews Staff

WASHINGTON – The Trump administration is set to announce steps tomorrow to shield American consumers from rising energy costs triggered by the ongoing military action against Iran, Secretary of State Marco Rubio confirmed Monday. Oil prices surged sharply on Monday, with Brent...

President Trump, Scott Bessent and other officials at the White House announcement of the aid package for farmers.
US NewsEconomyDecember 9, 2025

President Trump Announces $12 Billion Aid Package for American Farmers Impacted by Trade Disruptions

By RWTNews Staff

President Trump unveiled a $12 billion assistance package for U.S. farmers on December 8, 2025, during a White House roundtable with Agriculture Secretary Brooke Rollins, Treasury Secretary Scott Bessent, lawmakers from farm states, and representatives from Arkansas, Iowa,...

Packages of bacon are displayed for sale at Lowes Foods in Winterville, N.C
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US NewsEconomyDecember 8, 2025

Everyday Economics: The case for a December rate cut

By Orphe Divounguy

Tariffs, tired demand, and a fragile labor market

Screenshot of Executive Order from whithouse.gov
US NewsEconomyDecember 7, 2025

Trump Signs Executive Order Launching Task Forces to Combat Food Price Fixing and Foreign Influence

By Tommy Flynn

President Donald Trump on December 6, 2025, directing the Justice Department and Federal Trade Commission to establish dedicated task forces to investigate price fixing, anti-competitive practices, and foreign control in the U.S. food supply chain. Titled "Addressing Security...

Michael Dell speaks at the Whitehouse event announcing the Trump Accounts.
US NewsEconomyDecember 3, 2025

White House Launches Trump Accounts for Newborns, Seeded by $6.25 Billion Dell Donation

By Tommy Flynn

Trump, joined by tech billionaire Michael Dell and his wife Susan, highlighted the program's potential during a Roosevelt Room event, stating, "Trump Accounts will be the first, I guess, you could say, real trust funds for every American child."

Agriculture Secretary Brooke Rollins speaks with officials at the USDA about SNAP food choice waivers and health policy
US NewsEconomyDecember 2, 2025

Economist says curbing SNAP fraud requires states to cover 100% of costs

By Thérèse Boudreaux

While the SNAP reforms in Republicans’ budget reconciliation bill “were a step in the right direction,” Boccia told The Center Square, “the ideal is for states to assume full responsibility for how they run and fund their programs.”

Illustration: Kate Guenther / The Center Square
US NewsEconomyNovember 29, 2025

Fiscal Fallout: States continue to increase budgets despite end of COVID emergency

By Arthur Kane

The pandemic subsided three years ago and the federal government, which is $38 trillion in debt, is pulling back on sending money to the states, causing massive budget problems for states like California, Illinois, Louisiana, Pennsylvania and Washington.

Shoppers enjoy discounts on Black Friday.
US NewsEconomyNovember 29, 2025

Black Friday shopping expected to break records

By Madeline Shannon

The National Retail Federation announced last week that a record 186.9 million people nationwide, an increase of more than 3 million from last year, were planning to shop on Black Friday, according to its annual consumer survey.

The U.S. Capitol Building in Washington, D.C.
US NewsEconomyNovember 24, 2025

State officials urge Trump, Congress to address national debt

By Brett Rowland

"The national debt represents one of the most urgent and consequential challenges facing our nation," the letter said. "We ask that this matter be given top priority due to the threat it poses to the financial stability of the United States, the dollar as the reserve currency and our position of global leadership."

The U.S. Capitol building stands in Washington, D.C
US NewsEconomyNovember 17, 2025

Everyday Economics: Jobs data returns as government reopens

By Orphe Divounguy

The main event this week will be housing data, starting with the NAHB Housing Market Index (builder confidence) on Tuesday.

the US, Switzerland and Liechtenstein flags
US NewsEconomyNovember 15, 2025

President Trump Announces Trade Framework with Switzerland and Liechtenstein to Boost U.S. Exports and Investment

By Tommy Flynn

The framework addresses a $38.5 billion U.S. goods trade deficit with Switzerland and Liechtenstein in 2024, which grew to $55.7 billion through July 2025, according to U.S. Census Bureau data.