How strong is the economy?

A full accounting of the initiative’s impact.Back in 2024, when the Department of Government Efficiency (DOGE) was first proposed, its goals were clear.Elon Musk said he’d attempt to cut $2 trillion from the federal budget. Like many Americans (including me) who are concerned abo ...  Show more

On Monday, August 10, President Donald Trump signed an executive order directing the federal government to make changes to its recommended childhood vaccine schedule. In remarks at the White House signing event, the president also suggested that a link may exist between the numbe ...  Show more

Yesterday saw a flurry of economic data releases, accompanied by significant political developments. The US economy demonstrated stronger-than-expected resilience in the second quarter, expanding at a revised annualised rate of 3.3%, while recent labour market figures suggest a s ...  Show more

Markets hit some rough patches yesterday, with all major European indices closing lower, followed by similar losses across the three main US benchmarks. Revised US data revealed an upward adjustment to second-quarter GDP, while jobless claims came in below expectations. This prom ...  Show more

“It feels like the economy is gagging on the uncertainty." That's what Mark Zandi, chief economist at Moody’s Analytics, told CNN’s Kate Bolduan earlier this week, referring to not just tariffs but taxes, immigration and federal budget cuts. And we're about to get a brand new rea ...  Show more

US tariff exemptions on personal electronics may only be temporary, and big banks posted major earnings on Friday despite some economic headwinds. Plus, the European Union and the UK are getting closer to signing a defense pact, and the Trump Administration's pressure on universi ...  Show more