President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.
Category: United States Economy
-
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
The New York Times – Business: -
More Fed Officials Lost Patience About Elevated Inflation at Latest Meeting
The New York Times – Business:Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.
-
Worker Pay Isn’t Keeping Up With Inflation Once Again
The New York Times – Business:When prices spiked in 2021-22, wages failed to keep up for many workers, new research shows. Now the pattern is repeating.
-
July Retail Sales Notch Biggest Drop in Over a Year
The New York Times – Business:The data for July showed the biggest drop in more than a year, as American households face the economic strains brought on by persistent inflation
-
Ted Decker, CEO of Home Depot, Is Taking Medical Leave
The New York Times – Business:Ted Decker is expected to return in a few months, and two executives have been appointed to oversee his duties in the interim.
-
Inflation Eased Slightly in July, but Prices Remain Elevated as War Drags On
The New York Times – Business:Though energy prices fell last month after their spring surge, other factors pushed up costs as the Fed considers raising interest rates.
-
Benign Inflation Data Would Reduce Urgency Around September Rate Rise
The New York Times – Business:The latest Consumer Price Index report will either help to reinforce patience or compel officials to more readily consider lifting borrowing costs.
-
Homeowners tight on cash are tapping into their homes’ equity.
The New York Times – Business: -
The labor market slowed as employers grew wary of hiring.
The New York Times – Business: -
Trump Wants to Move On From the Middle East. It’s Not Letting Him.
The New York Times – On the Runway:President Trump is eager to declare success in Iran and Gaza, but he is struggling to impose his will in either conflict.
-
Trump Shrugs Off A.I. and Data Center Concerns as Voters Grow Anxious
The New York Times – Business:The president and his top aides have been especially bullish about data centers, despite national blowback against the facilities.