Category: United States Economy

Trump Wants to Give Out $5,000 Checks. It Would Cost More Than $1 Trillion.

The New York Times – On the Runway:
The president’s pledge to hand every American adult a “dividend” if Republicans keep control of Congress in the midterm elections raises questions.
Dear A.I. Companies: This Is Why America Hates You (and What You Can Do About It)

The New York Times – On the Runway:
We won’t get fooled again.
Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields

The New York Times – Business:
Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.
Canada Imposes New Tariffs on U.S. Goods, as Trade War Intensifies

The New York Times – Business:
The duties are a retaliation against President Trump’s recent tariffs, raising concerns about further escalation.
Oil Prices Rise Slightly After U.S. and Iran Trade Strikes

The New York Times – Business:
Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.
Mortgage Rates Climb to Highest Level Since July 2025

The New York Times – Business:
Higher costs for home loans have put a squeeze on the housing market, adding pressure to consumers already struggling with elevated inflation.
Rate Rise in Play as Fed Officials Await Inflation Data

The New York Times – Business:
Christopher J. Waller, a Federal Reserve governor, sounded optimistic about inflation’s trajectory but indicated he would support higher rates if progress does not continue.
Trump Returns to a Familiar Playbook as the War With Iran Flares Up Again

The New York Times – On the Runway:
The United States seems increasingly bogged down in Iran after six months of conflict, despite President Trump’s declarations of military dominance.
At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports

The New York Times – Business:
Treasury Secretary Scott Bessent accused China for flooding the world with its cheap exports.
Treasury Secretary Scott Bessent Says US Has Support for Economic War Against Iran

The New York Times – Business:
The Treasury secretary is also facing pushback on the Trump administration’s trade policies at the global gathering.
High Debt and Rising Prices Catch Up to Trump, as Midterms Near

The New York Times – Business:
To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.
Smaller Revision Points to More Accurate Jobs Numbers

The New York Times – Business:
The 2026 revisions by the Bureau of Labor Statistics represent a downward adjustment of just 0.1 percent of the total work force.