Feb 16 Analysis: Trump announced he is getting rid of the penny. What are the consequences? By Jay L. Zagorsky, The Conversation The government makes pennies at a loss, but just stopping production could create new problems. Continue reading
Feb 14 Treasury watchdog launches audit of DOGE access to federal government’s payment system By Fatima Hussein, Josh Boak, Associated Press Democratic senators raised red flags about the access provided to Trump aide Elon Musk's Department of Government Efficiency team. Continue reading
Feb 13 Watch 6:27 Trump’s tariff plan would raise inflation and cost U.S. jobs, economist Mark Zandi says By Amna Nawaz, Ryan Connelly Holmes President Trump ramped up his trade battles with countries around the world today after he announced a plan for new reciprocal tariffs that could take effect this spring. The tariffs would match the tax rates that other countries charge on… Continue watching
Feb 13 Watch 7:55 Economist Paul Krugman on how political attitudes changed with U.S. economic shifts By Paul Solman, Azhar Merchant We're getting a look at how the public mood and political attitudes have changed over time thanks to economic shifts and dislocation. Paul Solman sat down with Nobel-winning economist Paul Krugman to discuss polarization, globalization and the potential financial risks… Continue watching
Feb 13 WATCH: Trump gives remarks after signing plan for reciprocal tariffs on trade partners By Josh Boak, Associated Press President Donald Trump on Thursday rolled out his plan to increase U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike as he hopes to eliminate any trade… Continue reading
Feb 13 Egg prices are already climbing. Is the nation’s surging demand for breakfast making them higher? By Dee-Ann Durbin, Associated Press A bird flu outbreak that forced egg producers to slaughter their flocks is making supplies scarcer and pushing up prices - and a surging demand for breakfast may be adding to this. Continue reading
Feb 12 Trump prepares matching tariffs on trade partners, setting up potential economic showdown By Josh Boak, Associated Press President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order this week that would require that U.S. tariffs on imports match the tax rates charged by other countries. Continue reading
Feb 12 U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher By Christopher Rugaber, Associated Press The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month. Continue reading
Feb 11 WATCH: Lori Chavez-DeRemer testifies at Senate confirmation hearing for labor secretary By Cathy Bussewitz, Associated Press Sen. Bill Cassidy, a Republican from Louisiana who chairs the committee, opened the hearing by saying the Trump administration had an opportunity to enact a pro-American agenda. Continue reading
Feb 11 EU chief says U.S. tariffs ‘will not go unanswered’ By Raf Casert, Associated Press The chair of the European Parliament's trade committee says motorcycles, jeans, peanut butter, bourbon, whiskey and a whole range of products could affect American exporters if the U.S. tariffs come into force March 12. Continue reading