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Stagflation

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Trump proposes $163 billion cut to federal budget
Posted inBreaking News Business News National News

Trump proposes $163 billion cut to federal budget

WASHINGTON (Reuters) — President Donald Trump's administration today proposed a $163 billion cut to federal spending next year, which would eliminate more than a fifth of the non-military spending excluding mandatory…
Posted by John McCarthy May 2, 2025
Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war
Posted inBreaking News Business News Consumer News

Trump says US kids may get ‘2 dolls instead of 30,’ but China will suffer more in a trade war

WASHINGTON (AP) — President Donald Trump today acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30…
Posted by John McCarthy April 30, 2025
US economy shrinks in first quarter as tariffs unleash flood of imports
Posted in2016 Presidential Election Breaking News Business News

US economy shrinks in first quarter as tariffs unleash flood of imports

WASHINGTON (Reuters) — The U.S. economy contracted for the first time in three years in the first quarter, swamped by a flood of imports as businesses raced to avoid higher…
Posted by John McCarthy April 30, 2025
After 100 days, Trump voters feel tariffs, but most see long-term gain
Posted inBreaking News Business News Consumer News

After 100 days, Trump voters feel tariffs, but most see long-term gain

WASHINGTON (Reuters) — President Donald Trump’s April 9 decision to hike tariffs on China hit as Steve Egan, a promotional product distributor in Tampa, Florida, was in the middle of ordering…
Posted by John McCarthy April 27, 2025
Trump’s first 100 days: Steamrolling government, strong-arming allies, igniting trade wars
Posted inBreaking News Business News International News

Trump’s first 100 days: Steamrolling government, strong-arming allies, igniting trade wars

WASHINGTON (AP) — In his first 100 days, President Donald Trump exerted his power in a sweep and scale that has no easy historical comparison. His actions target the architecture of the New Deal and…
Posted by John McCarthy April 27, 2025
Trump goes with his gut and the world goes along for the ride
Posted inBreaking News Business News International News

Trump goes with his gut and the world goes along for the ride

WASHINGTON (AP) — After President Donald Trump reversed course on his tariffs and announced he would pursue trade negotiations, he had a simple explanation for how he would make decisions in the…
Posted by John McCarthy April 13, 2025
Consumer sentiment has plummeted, University of Michigan survey says
Posted inBreaking News Business News Consumer News

Consumer sentiment has plummeted, University of Michigan survey says

Americans are not feeling great about the economy. Consumer sentiment dropped 11% from March to April, declining for the fourth straight month, according to preliminary results from the University of…
Posted by John McCarthy April 11, 2025
Trump says countries are ‘kissing my ass’ to make trade deals
Posted inBreaking News Business News International News

Trump says countries are ‘kissing my ass’ to make trade deals

"Don't let some of these politicians go around saying, you know, because I'm telling you, these countries are calling us up, kissing my ass. They are. They are dying to…
Posted by John McCarthy April 9, 2025
Trump’s tariffs could TRIPLE the price of an iPhone as Apple loses 10% of its value in one day and faces customer boycott
Posted inBreaking News Business News Consumer News

Trump’s tariffs could TRIPLE the price of an iPhone as Apple loses 10% of its value in one day and faces customer boycott

LONDON (DM) The price of an iPhone could triple under Donald Trump's new tariffs, analysts claimed today as Apple fans consider boycotting the firm which has seen its stock plummet. The cost of…
Posted by John McCarthy April 7, 2025
US consumers rush to buy big-ticket items before Trump’s tariffs kick in
Posted inBreaking News Business News Consumer News

US consumers rush to buy big-ticket items before Trump’s tariffs kick in

ARLINGTON, Virginia (AP) — John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased…
Posted by John McCarthy April 5, 2025

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