Economy

Oil Prices Drop, Stocks Climb In Response to Trump's remarks in CBS Interview

By Tommy Flynn

WASHINGTON – Oil prices fell and stock markets rose Monday after President Trump, in a CBS telephone interview, described the military action against Iran as "very complete, pretty much" and said it could end soon, easing fears of prolonged supply disruptions. Trump told CBS:...

My prediction: Oil & Gas Prices: Short-Term Spike, Then a Quick Drop – Trump’s Track Record Says So

Experts and talking heads always predict doom and gloom, and then President Trump delivers results that fly in the face of those predictions.

IRS Releases Rules for Trump Accounts Baby Investment Program

By RWTNews Staff

WASHINGTON – The Internal Revenue Service issued comprehensive rules and regulations Friday for the Trump Accounts program, a key provision of the One Big Beautiful Bill Act signed into law in December 2025, providing a $1,000 federal seed deposit into investment accounts for...

Iran Escalates Attacks on Gulf Tankers: Oil Prices Surge as Shipping Halts

By Tommy Flynn

DUBAI – Iranian forces targeted additional oil tankers in the Gulf region Wednesday, damaging at least three vessels and killing one seafarer, escalating disruptions to global energy supplies amid the ongoing U.S. military action against Tehran. A Bahamas-flagged crude tanker...

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...

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 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,...

Everyday Economics: The case for a December rate cut

By Orphe Divounguy

Tariffs, tired demand, and a fragile labor market

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...

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."

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.”

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.