Economy

129 articles in the Economy category.

DOJ Launches Antitrust Probe into Meatpacking Companies Over Alleged Price Fixing and Collusion
US NewsEconomyApril 20, 2026

DOJ Launches Antitrust Probe into Meatpacking Companies Over Alleged Price Fixing and Collusion

By Tommy Flynn

ASHINGTON — The Department of Justice Antitrust Division has opened a criminal investigation into major meatpacking companies accused of illicit collusion, price fixing, and market manipulation that has driven up beef prices for consumers while suppressing prices paid to...

Image by Grok.
World NewsEconomyApril 20, 2026

Record 20+ Vessels Transit Strait of Hormuz on Saturday, Highest Daily Total Since Conflict Began

By Tommy Flynn

WASHINGTON — More than 20 commercial vessels passed through the Strait of Hormuz on Saturday, April 18, 2026, marking the highest single-day transit volume since the U.S.-Iran conflict escalated in late February, according to shipping analytics firm Kpler. The surge occurred...

GAO-26-109093 COMBATING FRAUD
US NewsEconomyApril 20, 2026

GAO Report: Federal Fraud Costs Taxpayers $233 Billion to $521 Billion Annually

By Tommy Flynn

WASHINGTON — A new Government Accountability Office report released April 15, 2026, estimates that fraud in federal programs and operations costs taxpayers between $233 billion and $521 billion every year, with the upper end exceeding half a trillion dollars. The report, titled...

Trump Announces Strait of Hormuz Fully Open as Iran Confirms Commercial Passage, Stock Market Climbs, Oil Prices Plunge Over 10%
World NewsEconomyApril 17, 2026

Trump Announces Strait of Hormuz Fully Open as Iran Confirms Commercial Passage, Stock Market Climbs, Oil Prices Plunge Over 10%

By Tommy Flynn

WASHINGTON — President Donald Trump announced Friday that the Strait of Hormuz is now “fully open and ready for full passage” after Iran’s Foreign Minister Abbas Araghchi declared commercial vessels can transit the critical chokepoint during the ongoing 10-day Israel-Lebanon...

Aerial view of the Pentagon
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%...

Image created with Grok.
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...