Update 864 – GDP Contracts by 0.3%;Trump Skins FY26 Domestic Spending Three key pieces of economic data were released this week. The Fed’s preferred measure of inflation ticked down to 2.3 percent in March, nearing the Fed’s two percent target, while a strong 177,000 jobs were added to the economy and unemployment remained unchanged at …
Update 859: Less Enforcement, Broader BreaksTrump IRS Could Threaten America’s Tax System Millions of Americans filed their taxes this week ahead of yesterday’s filing deadline. But this year’s tax day comes amid the Trump administration’s attempts to dismantle the Internal Revenue Service (IRS), the very body responsible for collecting tax revenue used to fund important …
Update 838 — Trump’s Barrage of EOsInvite Legal Challenge; Many Infeasible Immediately following his presidential inaugural on Monday, Donald Trump signed dozens of Executive Orders this week, many with drastic economic and fiscal implications, including several drawing legal challenges and others that may simply be infeasible without Congressional funding that Democrats may be able to …
Update 835 – 256K Jobs Added in Dec. Too Much of a Good Thing for the Fed? This morning’s Bureau of Labor Statistics jobs report that the U.S. added 256,000 jobs and unemployment ticked back down to 4.1 percent in December shows the American economy closing 2024 on a surprisingly strong note. The report — …
