Trump tries to recover from blunders by sketching his economic agenda
8 years, 7 months ago

Trump tries to recover from blunders by sketching his economic agenda

LA Times  

Donald Trump delivered a group of economic proposals at the Detroit Economic Club on Monday. It came as 50 senior Republican national security officials, including several members of President George W. Bush’s Cabinet, signed a letter warning that Trump “would be the most reckless president in American history.” Trump, they wrote, “lacks the character, values and experience” to be president and “would put at risk our country’s national security and well-being.” Trump’s economic proposals were split between traditional GOP policies, like rolling back taxes and easing federal regulations, and ideas unpopular with the GOP majority in Congress, like scrapping trade pacts and pouring new money into railways, highways and other infrastructure. He called Trump’s simultaneous tax cuts and new spending “fundamentally unrealistic.” Trump proposed tax cuts last year that would benefit primarily the wealthy and cost as much as $10 trillion over the next decade, economists say. Prior to those changes, a Moody’s Analytics report concluded that Trump’s economic agenda would thrust Americans into a lengthy recession, create “very large deficits” and burden the country with “a much higher debt load.” In Detroit, Trump also proposed letting parents deduct the average cost of child-care spending. He described the nation’s economic status as far worse than official statistics would suggest, calling the 4.9% unemployment rate “one of the biggest hoaxes in American modern politics.” Trump’s effort to focus on the economy comes after several weeks of lurching from one controversy to another, including his feud with the Muslim parents of an Army captain killed in Iraq in 2004, and his stoking of tensions with Republican leaders like House Speaker Paul D. Ryan.

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History of this topic

'Going to bite him': Dem pundit wrecks Trump's handling of economy amid recession fears
2 weeks, 3 days ago

'Going to bite him': Dem pundit wrecks Trump's handling of economy amid recession fears

Raw Story  

Democratic strategist Maria Cardona issued a warning to President Donald Trump about his handling of the economy, telling CNN Monday that it will "come back and bite him." Trump had a chance to tamp down recession fears when asked by Fox Business Network's Maria Bartiromo on Sunday, but said only, "I hate to predict things like that. That's how much …

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending
Trending News
2 weeks, 5 days ago

US economic worries mount as Trump implements tariffs, cuts workforce and freezes spending

Associated Press  

WASHINGTON — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. economy than to fix it. In an interview to air Sunday on Fox News’ “Sunday Morning Futures,” Trump was pressed to provide some clarity on his tariffs agenda that has caused uncertainty to …

Trump’s promised laundry list of tax goodies gets a reality check
Trending News
3 weeks, 5 days ago

Trump’s promised laundry list of tax goodies gets a reality check

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. The Senate preferred to pass two bills, with the first focusing on beefing up …

'Deeper fault lines to come' as Republicans revolt over Trump's faltering economy: report
3 weeks, 5 days ago

'Deeper fault lines to come' as Republicans revolt over Trump's faltering economy: report

Raw Story  

Collapsing consumer sentiment, prices still increasing and the double-barrelled threat of tariffs and growing unemployment numbers have some Republicans on edge, reports Semafor. According to Semafor's Eleanor Mueller, Burgess Everett, and Shelby Talcott, Trump is "running into harsh economic reality" since being sworn in with no quick fixes on the horizon and that has Republicans already looking at the 2026 …

Opinion: If Trump aims to bring down prices, his policies will need to swerve
1 month ago

Opinion: If Trump aims to bring down prices, his policies will need to swerve

LA Times  

Many Americans who voted for President Trump in November hoped the cost of living would become more affordable. Now, core Consumer Price Index inflation remains at 3.3% year-over-year, well above the pre-pandemic norm and a full 65% higher than the Fed’s supposed target. As Hoover Institution economist John H. Cochrane has pointed out, when the Fed raises interest rates to …

What’s next for Trump agenda after House GOP approves tax breaks and slashed spending in budget
Trending News
1 month ago

What’s next for Trump agenda after House GOP approves tax breaks and slashed spending in budget

Associated Press  

WASHINGTON — Now that House Republicans have passed an ambitious budget blueprint for President Donald Trump’s agenda, its time for the hard work of turning ideas for $4.5 trillion in tax cuts and $2 trillion of slashed spending into a bill that lawmakers warn could bring intense changes to Americans back home. “How can anyone show their face in their …

Trump’s agenda passed its first hurdle. Now comes the hard part
1 month ago

Trump’s agenda passed its first hurdle. Now comes the hard part

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. House Speaker Mike Johnson had called for a vote on a budget resolution to …

'Pennies!' WSJ reporter busts Trump boasts of massive DOGE cuts
1 month, 1 week ago

'Pennies!' WSJ reporter busts Trump boasts of massive DOGE cuts

Raw Story  

Donald Trump has floated the possibility of sending out refund checks to Americans with some of the savings he says the Department of Government Efficiency have cut from the budget, but a Wall Street Journal reporter said that plan was laughable. MAGA-aligned investment manager James Fishback first promoted that idea of a "DOGE dividend," which he says came to him …

Trump popularity sinks as Americans quickly sour on economy: poll
1 month, 1 week ago

Trump popularity sinks as Americans quickly sour on economy: poll

Raw Story  

A new poll from Reuters shows that the early optimism that greeted President Donald Trump's second term is quickly fading as consumers sour on the American economy. According to Reuters, Trump's job approval fell by three points since the start of his second term a month ago, and he's being dragged down by perceptions of the economy, which was the …

Trump has a plan to lower inflation. It’s just delayed
1 month, 2 weeks ago

Trump has a plan to lower inflation. It’s just delayed

CNN  

CNN — President Donald Trump made a campaign promise to lower prices on Day One. But the bad inflation report also depicts a difficult political reality for the new president: Prices aren’t falling now that Trump is in office; they’re actually rising faster. The Committee for a Responsible Federal Budget last week estimated Trump’s tax cuts would cost between $5 …

'It might!' Trump concedes tariffs might actually backfire
1 month, 2 weeks ago

'It might!' Trump concedes tariffs might actually backfire

Raw Story  

President Donald Trump acknowledged that consumers could soon feel the financial burn of his economic plan, which includes sweeping tariffs on Canada, Mexico and China. The revelation came Monday as Trump’s 40-minute-long Super Bowl night sit-down with Fox News host Brett Baier aired. He then launched into an example using what he referred to as the “so-called ‘fat drug' or …

House GOP rushing to produce Trump’s big budget bill with tax cuts, program cuts and other promises
1 month, 2 weeks ago

House GOP rushing to produce Trump’s big budget bill with tax cuts, program cuts and other promises

Associated Press  

WASHINGTON — House Republicans are working overtime after a lengthy White House meeting to meet President Donald Trump’s demand for a big budget package that includes some $3 trillion in tax breaks, massive program cuts and a possible extension of the nation’s debt limit. “We’re really grateful to the president for leaning in and doing what he does best, and …

Trump’s move to put tariff hikes ahead of tax cuts has spooked almost everyone
1 month, 3 weeks ago

Trump’s move to put tariff hikes ahead of tax cuts has spooked almost everyone

Live Mint  

President Trump’s aggressive move to place tariffs on hundreds of billions of dollars in imports, ranging from crude oil and auto parts from Canada to Mexican avocados and raspberries has rattled investors, economists and some lawmakers, who are all wondering: What exactly is the goal? Larry Summers, the former U.S. Treasury secretary under President Bill Clinton, said that Trump’s move …

House GOP floats plan to slash benefits for the poor to pay for Trump tax cuts
1 month, 3 weeks ago

House GOP floats plan to slash benefits for the poor to pay for Trump tax cuts

Raw Story  

One of the hallmarks of Donald Trump’s presidential campaign was a promise of sweeping tax cuts, for the rich, for working people and for companies alike. To pay for new tax cuts, the House Republicans’ proposal floats a series of potential overhauls of government programs. His visit to the House Retreat was a sign that he wants to prioritize unity …

Crashing the economy: Inside Trump's blueprint for more grifting
1 month, 3 weeks ago

Crashing the economy: Inside Trump's blueprint for more grifting

Raw Story  

Democrats are warning that Trump’s threats to increase our national debt by as much as $7 trillion, shift billions of Treasury dollars into crypto, and impose tariffs on imported goods risk creating a financial crises and maybe even a second Republican Great Depression. And 45 percent believe women have gained too many rights, echoing Tate’s argument that, as young British …

Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it
1 month, 3 weeks ago

Republicans crafting Trump’s big bill hit a familiar roadblock: How to pay for it

Associated Press  

DORAL, Fla. — After fours years of criticizing growing government deficits under Joe Biden, Republicans now have a math problem of their own — how to offset the multitrillion-dollar cost of extending and expanding the tax cuts they passed in President Donald Trump’s first term. Seeking to rally support in a speech Monday evening, Trump exhorted Republicans to stick together …

Trump is making unilateral cuts because his party won't pass them: senator
1 month, 3 weeks ago

Trump is making unilateral cuts because his party won't pass them: senator

Raw Story  

President Donald Trump put a stop to several budget items that directly impact Americans, including some of his own supporters, on Tuesday when he announced a temporary freeze on spending. Sen. Tim Kaine said Trump is making this move because his party doesn't support passing a budget that makes such cuts. Speaking to MSNBC's Nicolle Wallace on Tuesday, Kaine said …

Economist slams Trump’s latest tax cut demand as 'major strategic error'
1 month, 3 weeks ago

Economist slams Trump’s latest tax cut demand as 'major strategic error'

Raw Story  

President Donald Trump on Monday urged the House of Representatives to renew his tax cuts. This comes as the GOP-controlled Congress attempts "to overcome internal differences on how to pay for" the president’s "sweeping tax cuts, with hardline conservatives determined to reduce an annual federal deficit approaching $2 trillion," according to Reuters. Aisha's Hanse, a senior national correspondent for Fox …

A critical look at Trump’s economic plans
1 month, 3 weeks ago

A critical look at Trump’s economic plans

Live Mint  

The second presidency of Donald Trump is off to a wild start. He will get his way because Congress decades ago ceded much of its constitutional authority over tariffs to the president under the International Emergency Economic Powers Act of 1977. And hey, doesn’t economic growth near 3%, unemployment at 4% and inflation under 3% sound like an economic emergency …

The high opportunity cost of Trump's economy
2 months ago

The high opportunity cost of Trump's economy

Salon  

President Donald Trump is returning to the White House with the strongest economy in the world; unemployment is low, inflation continues to trend downward and growth is accelerating. The cumulative effects of all of these policies will be terrible for Latinos, which could leave many feeling a sense of buyer's remorse for voting for Trump. Democrats must aggressively show how …

Donald Trump's Second Term: 5 economic forces shaping his presidency
2 months ago

Donald Trump's Second Term: 5 economic forces shaping his presidency

India Today  

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. His analysis suggests that if Trump can preserve 3% growth he could extend his expiring 2017 tax …

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 …

Why Trump's tariff promises will be hard to keep
2 months, 1 week ago

Why Trump's tariff promises will be hard to keep

NPR  

Why Trump's tariff promises will be hard to keep toggle caption Scott Olson/Getty Images Donald Trump made a new, big promise last week about tariffs — the latest in a string of outsized pledges to use tariffs to benefit the United States. Sponsor Message The goals for tariffs: revenues, jobs, and the war on drugs One of Trump's big tariff …

Trump’s own plans stand in the way of repeating his economic success
2 months, 1 week ago

Trump’s own plans stand in the way of repeating his economic success

Live Mint  

Sometimes the order in which you do things makes all the difference. “Trump’s economic agenda is initially negative for the economy, while ‘growth positive’ factors are back-end loaded to the end of 2025 and beyond," Longview Economics wrote in a note. That could mean an abrupt, negative shock to the economy, perhaps an order of magnitude greater than the total …

Voters wary of Trump’s tax cuts and tariff policy, new poll says
2 months, 1 week ago

Voters wary of Trump’s tax cuts and tariff policy, new poll says

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 Americans have mixed feelings about key parts of Donald Trump’s …

Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion
2 months, 2 weeks ago

Here’s why the cost of extending Trump’s tax cuts just surged by nearly $1 trillion

Raw Story  

If Congress doesn't act quickly to end the provisions in President-elect Donald Trump's 2017 Tax Cuts and Jobs Act, it could blow an even bigger hole in the federal budget. Nearly 40 provisions in the 2017 law are set to expire this year, and because Senate Majority Leader John Thune has already signaled that the Republican majority's first legislative priority …

Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows
2 months, 2 weeks ago

Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis shows

Associated Press  

WASHINGTON — At the very top of Republicans’ 100-day agenda with President-elect Donald Trump in the White House and GOP lawmakers in a majority is the plan to renew some $4 trillion in expiring tax cuts. On Friday, the U.S. Treasury released a new analysis of the various ways that extending the expiring individual and estate tax provisions of Trump’s …

Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts
2 months, 3 weeks ago

Food stamps, environmental safeguards and denying Ozempic: The ways Republicans could pay for Trump’s tax cuts

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 Donald Trump’ and his Congressional allies could add requirements to …

Economists are worried Trump will cause 'rising inflation and slowing growth': report
2 months, 3 weeks ago

Economists are worried Trump will cause 'rising inflation and slowing growth': report

Raw Story  

President Joe Biden oversaw the United States economy's recovery from the global pandemic, which included lowering unemployment and a slow reduction in inflation. Fortune reported that more than 200 economists were questioned about the future of the U.S., and many confessed a fear of "rising inflation and slowing growth." In their report, the Financial Times and the University of Chicago …

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
3 months ago

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist

Raw Story  

Americans are starting to wise up to the harsh reality that President-elect Donald Trump has no plan – and never did – to cut prices and bury inflation woes, according to a Washington Post columnist. And that could result in an expensive four years for consumers – many of whom fearing high prices are already stocking up on goods, Catherine …

What Trump’s decision to wade into spending fight tells us about his next four years as US president
3 months ago

What Trump’s decision to wade into spending fight tells us about his next four years as US president

New Indian Express  

WASHINGTON: After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown. The president-elect successfully pushed House Republicans to jettison some spending, but he failed to achieve his central goal of raising the debt limit. Trump's decision to inject …

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty
3 months, 1 week ago

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty

Huff Post  

LOADING ERROR LOADING WEST PALM BEACH, Fla. — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding …

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
3 months, 1 week ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

Johnson’s spending nightmare points to grueling GOP problems next year
3 months, 1 week ago

Johnson’s spending nightmare points to grueling GOP problems next year

Politico  

In theory, most Republicans support the latter idea, but looking for trillions of dollars in savings could drastically slow down an agenda that the GOP hoped to accomplish in the first 100 days of Trump’s administration. Other Republicans, including some who previously said they would support him, now won’t commit to backing him, despite Trump endorsing Johnson just over a …

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?
3 months, 1 week ago

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?

NPR  

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue? SIMON: President-elect Trump promised to extend tax cuts he passed during his first term in office during this last campaign. JOSEPH ROSENBERG: They're really going to have to figure out if that's a price tag they're willing to swallow or …

'Hit hard': Trump’s budget expected to be especially painful for his supporters
3 months, 2 weeks ago

'Hit hard': Trump’s budget expected to be especially painful for his supporters

Raw Story  

Billionaire Tesla CEO Elon Musk was a major donor to Donald Trump's 2024 campaign and, now that Trump is president-elect, he has picked Musk and MAGA businessman Vivek Ramaswamy to head a proposed new agency called the Department of Government Efficiency. In an article Wednesday, Reuters reporters Andy Sullivan and Ally J. Levine examine possible areas in which Musk and …

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 …

'What a racket': CBO finds extending Trump tax cuts would shrink U.S. economy
3 months, 2 weeks ago

'What a racket': CBO finds extending Trump tax cuts would shrink U.S. economy

Raw Story  

The nonpartisan Congressional Budget Office projected Wednesday that extending provisions of the 2017 Trump-GOP tax law that are set to expire at the end of next year would shrink the U.S. economy over the long run, a finding that came as Republicans planned to move ahead with another round of regressive tax cuts within the first 100 days of the …

'Have the stomach': Republican claims Dems need to back Social Security and Medicare cuts
Trending News
3 months, 3 weeks ago

'Have the stomach': Republican claims Dems need to back Social Security and Medicare cuts

Raw Story  

Rep. Richard McCormick told Fox Business that Republicans will desperately need help from Democrats if they intend to cut Social Security and Medicare — both of which are programs Democrats have historically supported. So, Trump's tax cuts and his mass deportation plan will result in adding almost as much as the entire government functioning for a year. "We're gonna have …

Trump Named Time's 'Person Of The Year;' Cabinet Picks Face Scrutiny: Latest Updates
3 months, 3 weeks ago

Trump Named Time's 'Person Of The Year;' Cabinet Picks Face Scrutiny: Latest Updates

Huff Post  

The president-elect delivered unscheduled remarks at his Mar-a-Lago estate Monday, beginning with a discussion about the economy then invariably winding his way through a number of unrelated subjects. Trump kicked it off by announcing a pledge from SoftBank chief executive Masayoshi Son to invest $100 billion in the United States over the next four years. Pivoting to American energy production, …

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts
3 months, 3 weeks ago

Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts

LA Times  

Republican leaders in the House, including Speaker Mike Johnson, center, Majority Whip Tom Emmer, left, and Majority Leader Steve Scalise, are planning an ambitious 100-day agenda once President-elect Donald Trump is inaugurated. Atop the list is the plan to renew some $4 trillion in expiring GOP tax cuts — a signature domestic achievement of Trump’s first term and an issue …

'Headed for a brawl': Trump's plan reportedly 'dividing GOP lawmakers'
3 months, 3 weeks ago

'Headed for a brawl': Trump's plan reportedly 'dividing GOP lawmakers'

Raw Story  

On Friday, Politico wrote that Republicans are gearing up for a fight over Trump's new $4.6 trillion tax cut. Politico reported in 2018 that their analysis put Trump's tax cuts at a $2.3 trillion addition to the deficit. The Center of Budget and Policy Priorities revealed in June that the 2017 tax cut passed by Trump and the GOP "skewed …

Trump 2.0 | Portentions of a second innings
4 months, 1 week ago

Trump 2.0 | Portentions of a second innings

The Hindu  

U.S. President-elect Donald Trump is poised to kick off his second term at the White House, a four-year stint that will likely see major shifts in domestic and foreign policy and transform the functioning of a wide range of American public institutions. Mr. Trump has worn many hats over the long arc of his 78 years, and as he dons …

7 ways a Trump administration could affect your finances
4 months, 1 week ago

7 ways a Trump administration could affect your finances

CNN  

CNN — President-elect Donald Trump promised Americans he’d bring down consumer prices, make health care more affordable and protect Social Security. “He will deliver.” Taxes The Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. Extending Trump’s 2017 tax cuts would lower taxes by …

Trump made a lot of tax promises. Can he keep them?
4 months, 1 week ago

Trump made a lot of tax promises. Can he keep them?

CNN  

CNN — Seeking to woo targeted groups of voters during his campaign, President-elect Donald Trump rolled out plans for a sweeping array of tax breaks, including promises to eliminate levies on tips, overtime pay and Social Security benefits, for millions of Americans. “Cutting taxes for the American people, cutting taxes on tips for hard working Americans, on Social Security for …

The new Trump Trade looks scarier than the old one
4 months, 2 weeks ago

The new Trump Trade looks scarier than the old one

Live Mint  

Stocks notched their biggest week of the year after Donald Trump’s victory. Treasury yields, which rise when bond prices fall, climbed after Tuesday’s election, lifted by bets that a second round of Trump tax cuts will boost growth, inflation and budget deficits. Stocks and Treasury yields similarly surged eight years ago when Trump claimed his first electoral win—a major part …

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy
4 months, 2 weeks ago

Tariffs, tax cuts and deportations: What Trump’s policies could mean for America’s economy

Firstpost  

Trump campaigned on promises to impose large tariffs on foreign goods, cut taxes for individuals and businesses, and deport millions of undocumented immigrants working in the United States. President-elect Trump has promised to dismantle many of the Biden administration’s policies, pledging substantial tariffs on imports, tax cuts for individuals and businesses, and a crackdown on undocumented immigrants working in the …

Frustrated Americans await the economic changes they voted for with Trump
4 months, 2 weeks ago

Frustrated Americans await the economic changes they voted for with Trump

Associated Press  

WASHINGTON — Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president. Trump policies could boost inflation The Peterson Institute for International Economics, a leading think tank, has estimated that Trump’s policies would slash the U.S. gross domestic product — the total …

Trump promised voters their incomes and net worth will soar. Economists are not convinced
4 months, 2 weeks ago

Trump promised voters their incomes and net worth will soar. Economists are not convinced

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 Inside a Pennsylvania arena, President-elect Donald Trump promised voters their …

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket
4 months, 2 weeks ago

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket

Raw Story  

President-elect Donald Trump's imminent ascent to the White House is already making it more difficult for Americans to buy homes, an economic analyst says. Home loan interest rates have seen an steep uptick to a 6.8 percent average for 30-year fixed mortgages as the bonds market prepares for Trump's economic policies, CNN business reporter Matt Egan said Thursday. Those plans …

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