Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
4 months, 2 weeks ago

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons

Associated Press  

WASHINGTON — All that’s left is for President-elect Donald Trump to put his name on it — if he wants. He will deliver.” Natalie Quillian, a deputy chief of staff for Biden’s White House, said that the administration’s programs are already starting to make a positive difference for the economy. “Over the coming months, we will continue to run through the tape and ensure Americans benefit from this president’s agenda for years to come.” Trump is entering the White House as the economy is improving Trump is also inheriting by many measures an increasingly healthy economy, despite his claims that conditions are miserable. “Government spending is keeping the economy afloat,” said Joseph LaVorgna, who was the chief economist of White House National Economic Council during Trump’s presidency. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Trump has wanted to remove Biden’s incentives for EVs, which are part of the Inflation Reduction Act.

Economy Growth Inflation White House Projects Republican Biden Trump Felt  trump  felt  cut  inflation  economy  biden  bidens  white  house  growth  projects  infrastructure  ribbons  funded  factories

History of this topic

Trump is blaming Biden for the weakening economy. Is that fair?
1 week, 3 days ago

Trump is blaming Biden for the weakening economy. Is that fair?

CNN  

CNN — Summary President Trump blames Biden for economic woes despite inheriting a stable economy, according to economists. However, when the topics of the economy, volatile markets, shaken confidence and sudden recession fears have been broached with Trump, he’s hammered on familiar notes: That the Biden administration left him with an economic situation that was “catastrophic,” a “nightmare,” “horrible,” or …

ANDREW NEIL: How team Trump's trying to spin his disastrous economic crash... and the dire consequences for us all
Trending News
2 weeks, 3 days ago

ANDREW NEIL: How team Trump's trying to spin his disastrous economic crash... and the dire consequences for us all

Daily Mail  

Not content with undermining NATO, the greatest democratic alliance for peace and prosperity in world history, and increasingly siding with Russia in Ukraine’s struggle for survival in the face of dictator Putin’s barbaric onslaught, President Trump now seems determined to take a wrecking ball to the mighty US economy. And stung by Ontario’s threat to cut off its electricity supply …

Economic slowdown fears grip US markets, Nasdaq sinks by 4%
2 weeks, 3 days ago

Economic slowdown fears grip US markets, Nasdaq sinks by 4%

Firstpost  

US stocks plunged on Monday as fears of an economic slowdown grew after President Donald Trump did not dismiss concerns that his tariffs could trigger a recession. Reuters US stocks tumbled on Monday over growing fears of an economic slowdown after President Donald Trump did not rule out the possibility of his tariffs causing a recession. The Nasdaq dropped 4.0 …

Economic slowdown fears grip US markets, Nasdaq sinks by 4%
2 weeks, 3 days ago

Economic slowdown fears grip US markets, Nasdaq sinks by 4%

Firstpost  

US stocks plunged on Monday as fears of an economic slowdown grew after President Donald Trump did not dismiss concerns that his tariffs could trigger a recession. Reuters US stocks tumbled on Monday over growing fears of an economic slowdown after President Donald Trump did not rule out the possibility of his tariffs causing a recession. The Nasdaq dropped 4.0 …

‘Chilling’: Trump White House blames Biden amid recession alarms and market nosedive
2 weeks, 3 days ago

‘Chilling’: Trump White House blames Biden amid recession alarms and market nosedive

Raw Story  

It’s Monday, March 10, and Donald Trump has been president for 50 days. While Congressional Republicans will likely need some Democratic votes, and it’s unclear how many, if any, they can count on, some political commentators are warning that Speaker Johnson is “devising a trap for congressional Democrats.” You would not know any of this if you just walked through …

Inflation helped Trump get elected. Now it’s his problem.
1 month, 2 weeks ago

Inflation helped Trump get elected. Now it’s his problem.

Live Mint  

Nothing did more to deliver the White House to Donald Trump than inflation, which helped to sour Americans on former President Joe Biden’s economy. The problem is that Trump has inherited inflation above the Federal Reserve’s 2% target, and his agenda risks keeping it there, making it harder to bring down interest rates. On social media Wednesday, Trump called for …

5 economic forces that could shape the first year of Trump’s presidency
2 months ago

5 economic forces that could shape the first year of Trump’s presidency

Associated Press  

WASHINGTON — Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. Here are five economic forces that could shape the first year of Trump’s presidency: For voters, the price still isn’t right Whipping inflation is easier said than done. “But in broad terms, look at what he does and not what he says.” What happens …

Economists To Trump: Don’t Screw It Up
2 months, 1 week ago

Economists To Trump: Don’t Screw It Up

Huff Post  

LOADING ERROR LOADING Forty-eight months and 21%. Trump successfully ran on the idea that the economy under Biden was uniquely terrible, and the public agreed: 68% of voters said the economy was either “not so good” or “poor.” Treasury Secretary Janet Yellen, in a prepared speech Wednesday in New York City, said the economy had performed “remarkably well” in the …

Biden's plainspeak on poll loss: Spent too much time on policy, not on politics
2 months, 1 week ago

Biden's plainspeak on poll loss: Spent too much time on policy, not on politics

India Today  

Joe Biden, in his final interview as the outgoing US President, asserted that he failed to sell his administration's achievements in a way that could have helped him secure enough public approval to win a second straight term in the White House. Ironically, I almost spent too much time on the policy and not enough time on the politics," Biden …

Biden touts the economy he shaped after yet another positive jobs report
2 months, 2 weeks ago

Biden touts the economy he shaped after yet another positive jobs report

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden on Friday trumpeted yet another positive jobs …

There is one major gift Trump is inheriting from Biden: A good job market
2 months, 2 weeks ago

There is one major gift Trump is inheriting from Biden: A good job market

NPR  

There is one major gift Trump is inheriting from Biden: A good job market toggle caption Anna Rose Layden/Getty Images There is one major thing that president-elect Donald Trump will be getting as President Biden prepares to hand over the reins: a strong labor market. The Federal Reserve is in no hurry to cut interest rates After pushing interest rates …

Biden’s unfinished business
3 months ago

Biden’s unfinished business

Politico  

Biden has acknowledged that his economic agenda is at an inflection point. In a recent op-ed in The American Prospect, the president wrote that “the next four years will determine whether the incoming administration builds on this strength.” Trump’s transition team did not respond to a request for comment, but other Republicans have been unsparing in their assessments of Biden’s …

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump
3 months, 1 week ago

Column: The U.S. economy is doing very well. But don’t give too much credit to Biden — or Trump

LA Times  

One of Donald Trump’s closing campaign arguments was that he would deliver a new “golden age” for America. That’s fitting insofar as Trump has rapidly eclipsed the current president, Joe Biden, in setting expectations and even an agenda for America at home and abroad. Don’t take my word for it: The cover of a special issue of the Economist in …

History Will Be Kinder to Joe Biden Than the Pollsters
3 months, 1 week ago

History Will Be Kinder to Joe Biden Than the Pollsters

Live Mint  

Now that pollsters are declaring President Joe Biden a “failure,” historians will reckon with too many economic signals rendering the prevailing narrative little more than media noise. From the American Rescue Plan Act of 2021 that ushered in the longest period of unemployment below 4% since the 1960s to the Infrastructure Investment and Jobs Act of 2021 that paved the …

White House warns Trump could 'gut-punch' economy and spark 'tidal wave of opposition'
3 months, 2 weeks ago

White House warns Trump could 'gut-punch' economy and spark 'tidal wave of opposition'

Raw Story  

With Donald Trump’s inauguration fast approaching, President Joe Biden’s White House has rushed to ensure his flagship policies aren't immediately undone in the new administration. “Repealing President Biden’s signature laws would be an historic redistribution of wealth from working Americans to Big Pharma and China,” White House spokesperson Andrew Bates wrote in the subject line of a memo, NBC News …

Biden says Trump dismantling ‘strongest economy in modern history’ would be a ‘major mistake’
3 months, 2 weeks ago

Biden says Trump dismantling ‘strongest economy in modern history’ would be a ‘major mistake’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden on Tuesday said he is bequeathing President-elect …

Trump's economic plan will be disaster: Biden
3 months, 2 weeks ago

Trump's economic plan will be disaster: Biden

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy. Biden said Trump's threats to slap huge tariffs on imports were a "major mistake" and challenged Trump to build on what he said were the successes of his own administration. At a separate event Tuesday, Treasury …

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again
3 months, 2 weeks ago

Democratic President Rebuilds Economy, Just In Time To Hand It Off To Trump — Again

Huff Post  

LOADING ERROR LOADING WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump, who is already threatening tariffs that would likely weaken it and bring back inflation. “I’m not saying it was perfect, but …

Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did
3 months, 2 weeks ago

Biden says he was ‘stupid’ not to put his name on pandemic relief checks like Trump did

Associated Press  

WASHINGTON — President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he delivered a speech at the Brookings Institution defending …

Biden Says Trump Economic Plan will be Disaster
Trending News
3 months, 2 weeks ago

Biden Says Trump Economic Plan will be Disaster

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster" in a speech hailing his own legacy in office. Biden said Trump's threats to impose huge tariffs on imports were a "major mistake" and urged the Republican to abandon proposed tax cuts. I think it'd be an economic disaster for us and the …

Biden's bizarre theory on why he lost the support of the American public
3 months, 2 weeks ago

Biden's bizarre theory on why he lost the support of the American public

Daily Mail  

President Joe Biden has blamed not signing Covid relief checks for why he became unpopular with the American people. President Joe Biden paused during his economic legacy speech to blow his nose 'I learned something from Donald Trump. And Biden argued they could be in during Trump's second term 'Most economists agree, the new administration is going to inherit a …

Biden looks to lay out ‘economic legacy’ in address hailing ‘soft landing’
3 months, 2 weeks ago

Biden looks to lay out ‘economic legacy’ in address hailing ‘soft landing’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden is set to explain how his administration’s …

Biden: Trump’s tax and tariffs plans are a ‘major mistake’
3 months, 2 weeks ago

Biden: Trump’s tax and tariffs plans are a ‘major mistake’

Politico  

The remarks represented the president’s sharpest and most extensive criticism of Trump since the November election, with his attacks growing more direct as he got deeper into the nearly 40-minute speech. He mocked Trump for his failed first-term infrastructure push and for spurning pledges to “buy American.” And he cautioned that Trump’s plan to renew a set of expiring tax …

Joe Biden rushes to 'Trump-proof' one of his legacy achievements: report
3 months, 4 weeks ago

Joe Biden rushes to 'Trump-proof' one of his legacy achievements: report

Raw Story  

Donald Trump's inauguration is approaching, and outgoing President Joe Biden is at work trying to protect some of his flagship policies that have been passed in the last four years. Under the new Trump administration, the Loan Programs Office "could stop making loans from the program." Biden's officials are trying to ensure billions of dollars are being handed out as …

'Costly': Economic expert warns $1 trillion at stake if Trump kills Biden's programs
4 months ago

'Costly': Economic expert warns $1 trillion at stake if Trump kills Biden's programs

Raw Story  

A key economic expert laid bare the potentially devastating consequences to the U.S. economy if Donald Trump tries to unwind President Joe Biden's legislative accomplishments when he takes office. "The White House announced today that the infrastructure bills passed during the Biden administration have spurred over $1 trillion in private sector investments," posted Steven Rattner, an MSNBC economic analyst and …

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.
Trending News
4 months ago

Trump Raced To Pick Many Cabinet Posts. He Took More Time To Settle On A Treasury Secretary.

Huff Post  

LOADING ERROR LOADING WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. …

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary
4 months ago

Trump raced to pick many Cabinet posts. He took more time to settle on a treasury secretary

Associated Press  

WASHINGTON — President-elect Donald Trump launched a blitz of picks for his Cabinet, but he took his time before settling on billionaire investor Scott Bessent as his treasury secretary nominee. Trump also looked at other candidates, including former Federal Reserve governor Kevin Warsh, Marc Rowan, the chief executive of Apollo Global Management, and Sen. Bill Hagerty, R-Tenn. Trump’s decision on …

Can Biden decide how Trump governs on his return to White House? Democrats want him to
4 months, 1 week ago

Can Biden decide how Trump governs on his return to White House? Democrats want him to

Firstpost  

From judicial appointments to funding for projects to amending contracts so that employees have greater protection against Trump’s policies– Democrats want Biden to give it his all to limit the damage Trump can do Joe Biden salutes while boarding Air Force One as he departs for Wilmington, on November 11, and Donald Trump attends a campaign event in Duluth, Georgia, …

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons
4 months, 2 weeks ago

Biden laid groundwork for new factories and infrastructure, but Trump might get to cut the ribbons

LA Times  

All that’s left is for President-elect Donald Trump to put his name on it — if he wants. The unemployment rate is low, inflation is easing and President Biden’s administration has teed up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. Trump said in September that he would “rescind all …

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
4 months, 2 weeks ago

Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons

New Indian Express  

WASHINGTON: All that's left is for President-elect Donald Trump to put his name on it — if he wants. The unemployment rate is low, inflation is easing and President Joe Biden's administration has teed-up a ready-made list of infrastructure projects that could go from theoretical to reality over the next several years. But Biden aides privately told The Associated Press …

Markets hail Trump’s economics
4 months, 2 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

Trump already 'set to repeat Biden's mistake': conservative economist
4 months, 3 weeks ago

Trump already 'set to repeat Biden's mistake': conservative economist

Raw Story  

Conservative economist Brian Riedl thinks that President Joe Biden's biggest mistake was the first major piece of legislation that he signed into law: The American Rescue Plan. Writing on Twitter, Riedl acknowledges that inflation was likely to have spiked regardless of what Biden did when he came into office given pandemic-related supply chain disruptions, but he adds that $1.9 trillion …

White House works to Trump-proof Biden’s legacy ahead of tight election
4 months, 3 weeks ago

White House works to Trump-proof Biden’s legacy ahead of tight election

CNN  

CNN — On the day President Joe Biden announced he would not seek reelection, he convened his senior team at the White House, asking for a plan to “run through the tape” in his final six months in office, implementing key laws and cementing foreign policy, chief of staff Jeff Zients told political appointees on a call this summer. Here’s …

A 'Trump economy' robs from the American people to enrich the elite
5 months ago

A 'Trump economy' robs from the American people to enrich the elite

LA Times  

If Donald Trump retakes the White House, he would resume serving billionaires such as Vladimir Putin. Believing Donald Trump will be better for the economy than Vice President Kamala Harris is like thinking you’re a dinner guest when you’re actually the main course. When Trump slashed the corporate tax rate, his Council of Economic Advisers promised American workers would see …

The US Economy: A Historical Perspective on Presidential Impact
5 months, 1 week ago

The US Economy: A Historical Perspective on Presidential Impact

The Hindu  

The article examines the impact of different presidents on the US economy over the past 15 years. It finds that the economy was largely driven by global events, demographic changes, and decisions made in the White House, with the impact of each president being felt gradually over time. The article highlights the challenges of assessing the impact of presidents separately …

Biden makes ‘declaration of progress’ on economy after Fed cuts interest rates
6 months, 1 week ago

Biden makes ‘declaration of progress’ on economy after Fed cuts interest rates

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. And it’s important signal from the Federal Reserve to the nation that after repeated …

Whoever can finally coin an effective economic message could win the White House
7 months, 2 weeks ago

Whoever can finally coin an effective economic message could win the White House

CNN  

CNN — Voters keep telling pollsters that their economic insecurities are the biggest issue in the 2024 election. “Hard-working Americans are suffering because of the Harris-Biden Administration’s dangerously liberal policies,” Trump’s campaign said in a statement announcing his appearance in Asheville, North Carolina, for a major speech on the economy on Wednesday afternoon. The next day, Harris will deliver a …

Before age concerns forced exit, Biden was weakened by angst over economy
8 months ago

Before age concerns forced exit, Biden was weakened by angst over economy

Al Jazeera  

Even before pressure mounted on United States President Joe Biden to withdraw from November’s election due to concerns about his age and fitness, he was losing the support of Americans over his handling of the economy. In May, weeks before a disastrous debate performance against Donald Trump cemented perceptions of Biden’s decline, just 23 percent of Americans surveyed by the …

Biden has poured billions into Rust Belt economies. His ‘Blue Wall’ is crumbling anyway.
8 months, 1 week ago

Biden has poured billions into Rust Belt economies. His ‘Blue Wall’ is crumbling anyway.

Politico  

“As a blue-collar worker, I don’t feel that Biden has done enough,” said Jake Westray, a union wind turbine repair technician at Ingeteam, a clean energy manufacturer in southwestern Milwaukee — even as he acknowledged that Biden’s policies have been good for the company. And even if prices have stabilized in recent months, inflation still feels like it’s at an …

Biden mocks Trump for thinking he had the 'greatest economy in the world,' former prez's supporters ‘fact check’ him
8 months, 3 weeks ago

Biden mocks Trump for thinking he had the 'greatest economy in the world,' former prez's supporters ‘fact check’ him

Hindustan Times  

Donald Trump’s supporters are ripping Joe Biden over an X post blasting the former president for falsely thinking “he had the greatest economy in the world.” “Trump thinks he had the greatest economy in the world. Malarkey,” Biden wrote on X. Biden mocks Trump for thinking he had the greatest economy in the world,' former prez's supports ‘fact check’ him …

‘Voters Are Queasy or Sour About the Economy’: Wall Street Week
8 months, 4 weeks ago

‘Voters Are Queasy or Sour About the Economy’: Wall Street Week

Bloomberg  

Welcome to the Wall Street Week newsletter, where the best minds on Global Wall Street give you some investing food for thought from our conversations on Bloomberg Television. I’m David Westin, and this week we talked with Roger Altman of Evercore about the economic choice in November’s US election, with Ray McGuire of Lazard about the need on the horizon …

Tuning into the narratives in the American election
9 months ago

Tuning into the narratives in the American election

The Hindu  

In this year of successive world-wide elections, the issues in the United States presidential election, to be held in November, have not yet aroused considerable scrutiny. In the current deeply polarised setting, opinion polls show that supporters of the former Republican President, Donald Trump, will do so again; and the same applies to the current Democrat President, Joe Biden’s followers. …

Growth, inflation, jobs: Biden and Trump’s economic records compared
9 months ago

Growth, inflation, jobs: Biden and Trump’s economic records compared

Al Jazeera  

US voters view the economy as their number one priority ahead of November’s presidential election. United States President Joe Biden and former US President Donald Trump’s first debate of the 2024 campaign has refocused attention on their respective economic records in office. Inflation Biden’s tenure has been marked by far higher inflation compared with Trump’s – although many of the …

Biden vs Trump US Presidential Debate: Economy, climate change and NATO | Who said what?
9 months ago

Biden vs Trump US Presidential Debate: Economy, climate change and NATO | Who said what?

India TV News  

Atlanta: The United States bore witness to a fiery debate between Democrat Joe Biden and his Republican rival Donald Trump that most agreed ended badly for the 81-year-old US President. Trump lambasted Biden for doing a poor job with the economy and "inflation is absolutely killing us". Trump countered by saying illegal "terrorists" are killing US citizens, calling it a …

Hey, Jake and Dana: Here’s What to Ask About the Economy
9 months ago

Hey, Jake and Dana: Here’s What to Ask About the Economy

Politico  

And here was Chris Wallace’s first economic question in 2020: “President Trump, you say we are in a V-shaped recovery. President Trump, you’ve criticized the U.S. central bank, the Federal Reserve, for its interest rate decisions. He even considered removing Powell from office, although it’s an open question whether the central bank chief can be legally removed solely because the …

Opinion: Trump's claims about the economy in the debate will be lies
9 months ago

Opinion: Trump's claims about the economy in the debate will be lies

LA Times  

Expect the economy to be debated by President Biden and former President Trump on Thursday. Spoiler alert: “Bottom line, in their totality, Biden’s policies are better for the economy than Trump’s,” Moody’s chief economist Mark M. Zandi told me. Moody’s projects that after Trump’s recession, the economy would return to growth late in his second term, for average annual growth …

16 Nobel Prize-winning economists warn Trump would ‘reignite’ inflation
9 months ago

16 Nobel Prize-winning economists warn Trump would ‘reignite’ inflation

Al Jazeera  

Joseph E Stiglitz and other Nobel laureates say former president threatens US’s standing in the world. Sixteen Nobel prize-winning economists have signed a letter warning that the re-election of former United States President Donald Trump would harm the US economy and lead to higher prices for consumers. “Donald Trump and the vagaries of his actions and policies threaten this stability …

Trump vs. Biden: An economic gamble either way
9 months, 1 week ago

Trump vs. Biden: An economic gamble either way

Live Mint  

The president’s chihuahuas in the press are running with the line. The Atlantic warns of Mr. Trump’s plan to “supercharge inflation," while the New York Times states: “Trump Vows to Lower Prices. It’s true that another Trump presidency would carry economic risks, though they pale in comparison with a second Biden term. On the other hand, Mr. Trump’s proposal for …

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side
9 months, 2 weeks ago

Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side

Associated Press  

WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America. The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.” But for the past several months, top Biden administration officials have also stepped up their outreach to …

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