Headlines Total

Daily Headlines: Economy

Trump demands Walmart “eat the tariffs” rather than raise prices after retailer warned consumers about higher costs due to import duties.

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Moody’s becomes last of big three rating agencies to downgrade U.S. credit rating due to growing debt as Trump’s tax cuts threaten $4 trillion deficit increase.

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Conservative Republicans block Trump’s agenda bill in House Budget Committee for not cutting enough government spending despite Trump’s public rebuke.

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Walmart says it must raise prices due to Trump’s tariffs as first-quarter profits decline despite strong sales.

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UN forecasts slower global economic growth for 2025 due to Trump’s tariffs and increasing trade tensions.

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Attorney General Bondi sold at least $1 million in Trump Media stock on day Trump announced sweeping tariffs.

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PA Gov Shapiro warns rural hospitals will close and hundreds of thousands of people would lose health insurance under GOP Medicaid cuts.

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Tesla board chair Denholm dumps $200 million in stock as company faced backlash over White House entanglements while Musk urged employees to hold.

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Musk secures Saudi approval for Starlink while promoting Tesla ventures during Trump-led investment trip.

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HUD blames Biden-era housing cost surge for early end to emergency housing voucher program aiding up to 60,000 people.

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India rejects Trump’s claim that U.S. trade incentives led to Pakistan ceasefire, says no discussion of trade occurred during talks.

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House Republicans propose $5 billion private school voucher program funded by donors who would receive 100% tax credits, diverting resources from public schools.

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BREAKING OVERNIGHT: U.S. drops China tariffs from 125% to 30% while China cuts U.S. tariffs from 125% to 10% in 90-day agreement after Switzerland talks.

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White House directs federal agencies to stop using social cost of carbon when making regulatory decisions.

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Trump claims progress toward “total reset” in U.S.-China trade relations after 10-hour tariff talks in Switzerland.

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Trump signs four bills overturning Biden-era efficiency regulations for appliances.

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Washington Post analysis finds nearly 67,000 small-time investors lost millions as Trump-linked meme coin value plummets 85 percent.

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Treasury Secretary Bessent warns Congress to raise debt ceiling by mid-July before August recess as cash reserves dwindle.

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Trump signals possible reduction of China tariffs to 80 percent ahead of weekend trade talks in Switzerland.

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German Chancellor Merz urges Trump to end trade war and eliminate tariffs.

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BREAKING OVERNIGHT: Federal judge temporarily blocks Trump’s sweeping government overhaul, saying constitutional limits require congressional approval.

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Democrats block stablecoin bill over concerns Trump family would profit from crypto windfall.

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Vance echoes Trump’s attacks on Fed Chair Jerome Powell, calling him a “nice guy” who is “wrong about almost everything.”

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Trump calls Fed Chair Jerome Powell a “fool” for holding interest rates steady, dismisses inflation concerns.

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Trump touts symbolic trade deal with the United Kingdom as first since tariff pause, but specifics remain unclear.

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Trump-backed tax cut package includes controversial plan to sell public lands in Nevada and Utah, drawing sharp backlash.

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16 states sue Trump administration for withholding billions in EV infrastructure funding.

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US and UK poised to unveil tariff‑cutting deal as soon as Thursday

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Trump says federal government will not fund California’s high‑speed rail project.

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Former JPMorgan Chase COO Frank  Bisignano confirmed to lead Social Security.

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Federal judge blocks Trump plan to slash funding for library, minority business, and labor mediation agencies.

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Judge bars Trump administration from withholding over $1 billion in pandemic relief for struggling students.

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NSA plans to cut up to 2,000 civilian jobs this year under Trump workforce reduction push.

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Columbia will lay off nearly 180 researchers after Trump administration cuts $400 million in federal grants.

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USPS to name FedEx board member David  Steiner postmaster general at Trump’s urging.

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US treasury secretary and trade representative to open first China trade talks since Trump’s tariff war began.

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Carney rejects Trump’s 51st state idea in first White House meeting and wins promise to start new Canada‑U.S. trade talks.

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Democratic states sue Trump administration over freeze on wind energy development.

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Ford profit plunges 63% as tariffs hammer earnings, company pulls future forecasts.

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Commerce Secretary Lutnick calls Canada a “socialist regime,” casting doubt on trade deal ahead of Trump-Carney meeting.

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FEMA ends door-to-door disaster outreach as Trump administration shifts aid responsibilities to states.

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Newark airport delays mount after radar and radio failure, controller trauma, and staffing crisis force United to cut 35 daily flights.

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Trump administration offers $1,000 and paid transportation to undocumented immigrants who self-deport using a DHS app.

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Trump orders 100% tariff on all movies produced outside the U.S.

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More than 15,000 USDA employees have resigned in response to Trump administration offers, briefing reveals.

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GasBuddy and AAA refute Trump’s claim of $1.98 gas, with national average at $3.18.

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Temu Halts U.S. Sales After Trump Ends Tariff Loophole

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DOGE puts college student in charge of AI project rewriting HUD regulations.

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Trump budget slashes federal housing aid by 40% and limits it to two years for many adults.

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Trump budget slashes NIH, CDC, and chronic disease programs in sweeping cuts to public health and research.

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Trump order rewrites college accreditation rules, opening door for ideological accreditors in higher ed.

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Trump profits from UAE’s $2B Binance deal using stablecoin issued by his crypto firm.

GM warns Trump’s revised tariffs will still cut 2025 profits by up to $5 billion, even after relief offsets.

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Hegseth orders Army overhaul to cut jobs, close commands, and redirect troops under Trump cost-saving push.

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Trump budget proposes 23% cut to domestic spending, 13% boost to defense, and elimination of dozens of social programs.

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Trump company strikes foreign golf resort deal despite conflict pledge, involving Qatar and Saudi-linked firms.

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Tesla denies report it’s seeking to replace Musk as CEO after profits plunge and stock falls.

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Trump says Musk can stay in government ‘as long as you want’ despite internal clashes and failed budget cuts.

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Senate fails to pass resolution blocking Trump’s tariffs as GDP drops for first time since pandemic.

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Trump says kids may get 2 dolls instead of 30 due to tariffs but insists China will suffer more.

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Trump blames Biden after economy shrinks, despite data tying downturn to his own tariff threats.

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Trump says he made no mistakes in first 100 days, prompting laughter from bipartisan town hall audience.

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Judge blocks Trump move to fire 1,500 CFPB workers and orders officials to testify on possible injunction breach.

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White House will soften auto tariffs, blocking stacked steel and aluminum levies and offering partial reimbursements on parts.

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White House blasts Amazon for plan to show Trump tariff costs on product listings.

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Trump administration begins Peace Corps staff cuts under Musk-led Doge restructuring, offering buyouts ahead of agency overhaul.

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Labor unions, cities, and nonprofits sue Trump administration to block federal workforce cuts ordered without congressional approval.

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Jeffries and Booker stage 12-hour Capitol sit-in protesting GOP budget plan advancing Trump’s agenda.

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Trump floats idea of cutting income taxes for those earning under $200,000 to offset higher prices from his new tariffs.

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May Day coalition plans nationwide protests against Trump-Musk cuts, defending wages, unions, and public services.

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Trump administration cancels $400 million in AmeriCorps grants, cutting 41 percent of the agency’s 2025 budget.

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Trump rejects millionaire tax hikes, claiming rich would flee and tariffs could replace income tax.

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Trump administration pushes IMF and World Bank overhaul to scrap climate work, limit equity programs, and confront China.

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Twelve states sue Trump over new tariffs, calling them illegal and outside presidential authority.

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Trump meme coin jumps 58% after dinner offer to top holders triggers access-for-crypto backlash.

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Trump attacks Fed chair again for keeping rates high and hints he may call to demand cuts.

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Bessent calls U.S.-China trade war unsustainable, signals de-escalation as S&P 500 surges.

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Musk says he’ll reduce government work after Tesla profits plunge 71% and protests mount.

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Trump says he has ‘no intention’ of firing Fed Chair Powell despite his recent threats and demands.

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Feds threaten to cut NYC highway funds unless MTA halts congestion pricing, calling tolls illegal class warfare.

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White House Easter Egg Roll draws thousands as Trump solicits corporate sponsorship for first time in event’s history.

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After firing agency head, Trump’s Office of Special Counsel tells over 2,000 terminated federal workers they have no basis to appeal.

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Education Department to resume collections on 5 million defaulted student loans starting May 5.

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Trump calls Powell a ‘loser,’ demands immediate rate cuts as markets reel and team explores firing Fed chair.

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Trump’s inaugural committee raised a record $239 million as top donors scored appointments and access, with little requirement on how the money will be spent.

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DHL halts U.S. deliveries over $800 as Trump tariffs trigger customs delays and red tape.

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Trump says egg prices are “too low” and brags they’re down 87% despite recent data showing only modest drops.

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Trump replaces fourth IRS chief this year after Musk-backed pick sparks clash with Treasury secretary after two days.

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Trump administration moves to sell HUD headquarters as part of federal office downsizing.

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Trump reopens half million square miles of Pacific to commercial fishing

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Trump threatens to fire Fed Chair Jerome Powell over tariff remarks, despite job protections.

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Trump cuts nearly 90% of Consumer Financial Protection Bureau staff with one day’s notice, claims states will protect consumers.

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Trump administration halts offshore wind project set to help power NYC, defying permits and threatening climate and jobs goals.

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Trump admin proposes 30% cut to health budgets, slashing HIV prevention, mental health care, and chronic disease programs.

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California sues Trump over tariffs, saying president’s use of emergency powers threatens state economy and violates the law.

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Trump administration ends IRS free filing tool built after tax prep firms misled taxpayers into paying for free services.

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20,000 IRS employees express interest in deferred resignation with pay to September 30.

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Hunter Biden whistleblower set to become third IRS chief in 3 months after predecessor quits over ICE data deal.

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Hong Kong stops parcel shipments to U.S. after new 120% tariff ends tax-free exception under $800.

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Trump administration said it will levy 21% tariff on Mexican tomatoes starting in July.

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Sony raises PlayStation 5 prices in Europe and Australia, citing inflation and fallout from Trump tariffs.

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Commerce Department opens national security probe into pharma imports, setting up potential tariffs.

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Lutnick says tariff exemption for electronics will end within months as Trump targets semiconductors.

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HHS officials told Congress they don’t know how many workers were fired under Trump’s mass layoff plan.

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Trump budget would eliminate Head Start, ending preschool and child care for low-income families.

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Trump exempts phones, chips, and other tech products from new China tariffs.

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Social Security slashes regional staff and moves all public updates to Musk-owned X posts.

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Musk’s DOGE hijacks computerized federal grant system, blocking agencies from posting $500B in awards.

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Trump pushes Congress to make daylight saving time permanent, calling clock changes ‘inconvenient’ and ‘very costly’.

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Trump threatens tariffs over Mexico’s failure to deliver Rio Grande water under 1944 treaty, says it forced Texas crop losses

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At Cabinet meeting, Elon Musk lowers federal budget cut goal again, now projecting $150 billion in 2026 savings.

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GOP Rep. Marjorie Taylor Greene bought tanking stocks during Trump’s tariff chaos just before he told supporters to buy.

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U.S. deficit hits $1.3 trillion as record interest on national debt drives historic six-month shortfall.

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BREAKING: China strikes back overnight with 125% tariffs on U.S. goods starting Saturday.

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Trump signs order to revive U.S. shipbuilding and sends Musk’s DOGE to audit Navy delays.

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House GOP kills $5 overdraft cap, freeing banks to charge whatever they want if your account goes negative.

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Michigan Gov. Whitmer under fire after Trump used Oval Office visit to sign revenge orders and praise her.

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Schiff calls for insider trading probe after Trump posted “BUY!!! DJT” hours before tariff pause sparked stock surge.

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Trump pauses global tariffs after continued market panic, keeps China rate at 125%.

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Trump threatens drug tariff as trade rep brags about ‘running up the score’ on Australia.

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Trump signs orders to revive U.S. coal industry, mandate new plants, and reclassify coal as a critical mineral despite its role in climate change and extreme weather.

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Trump administration shuts down DOJ cryptocurrency fraud unit as part of push to deregulate digital assets and protect pro-crypto allies.

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Trump’s new import taxes took effect at midnight, hitting dozens of countries and threatening China with rates up to 104%.

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DOGE’s fraud crackdown and its untested software rollout have crippled the Social Security website, bringing it down multiple times.

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China vows to retaliate after Trump threatens new 50% tariff, pushing total duties to 104%.

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Ukraine to send team to DC for talks on U.S. mineral deal after leaked draft raises fears of U.S. control over key resources.

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Trump defends tariffs as markets plunge, saying ‘sometimes you have to take medicine’ as Asia begins down another 8% overnight.

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Trump golfs again Saturday as 10% universal tariffs take effect, calls for Americans to ‘hang tough’ in economic ‘revolution’.

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DOGE halts all IRS modernization, plans ‘mega API’ hackathon near tax deadline with Palantir as likely partner.

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House GOP leaders push Trump budget forward despite backlash from GOP fiscal hardliners over weak Senate cuts, setting stage for final bill vote soon.

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Jaguar Land Rover halts U.S. shipments as Trump’s 25% car tariff threatens UK auto industry.

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Trump administration ends disaster prep grant program for communities, cancels pending funds and past awards.

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IRS begins firing up to 20,000 employees, starting with civil rights office in broader push to cut 25% of agency.

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Trump extends TikTok sale deadline until June after China pulls deal over new tariffs.

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China slaps 34% tariff on all U.S. imports after Trump imposes same on Chinese goods.

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S&P drops 10% in two days after Trump’s tariffs, as he visits golf courses Thursday night and Friday, then tells investors on social media to ‘get rich

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IRS tells 7,000 reinstated employees to return by April 14, says they can keep outside jobs.

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Volkswagen announces it will itemize Trump’s 25% auto tariff on U.S. window stickers for imported cars.

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Judge says she’ll temporarily block Trump’s $11B public health cuts, with full injunction hearing still ahead.

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Markets suffer worst losses since early pandemic as Trump’s tariffs spark global sell-off; Asian markets and U.S. futures fall overnight.

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Trump slaps tariffs on uninhabited Antarctic islands managed by Australia that have no trade with the U.S.

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Trump reviews TikTok bids after Amazon makes last-minute pitch in scramble to meet Saturday divestment deadline.

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Zuckerberg visits White House for third time to lobby Trump ahead of antitrust trial that could force Meta to sell Instagram and WhatsApp.

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Four Republicans vote for Kaine-led Senate resolution to repeal Trump’s Canada tariffs, but GOP House likely to block it.

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Trump declares economic emergency and hits 60 countries with 10% tariffs, raises auto rate to 25%, and slaps China with a 54% penalty.

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Federal workers get second buyout offer as Musk-backed downsizing continues.

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White House begins cost analysis of acquiring Greenland as Trump signals renewed push to make island a U.S. territory.

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23 states sue Trump administration for cutting $11 billion in public health funding tied to COVID, mental health, and addiction.

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Trump says he’s “pissed off” at Putin and threatens tariffs over Putin questioning Zelensky’s legitimacy.

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Trump aide says tariffs beginning Wednesday will raise $6 trillion—about a quarter of the entire U.S. economy.

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Trump says he “couldn’t care less” if foreign automakers hike prices after permanent 25% tariffs.

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Federal judge temporarily blocks Trump from dismantling Consumer Financial Protection Bureau after firings and shutdown order.

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Trump tells automakers White House will “look unfavorably” on price hikes, even after imposing 25% tariff on all imported vehicles and parts.

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Rubio says he revoked Fulbright scholar Rumeysa Ozturk’s visa over pro-Palestinian activism, calls student protesters “lunatics” and confirms 300 visa cancellations.

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A federal judge extended the pause on Trump’s mass firing of probationary federal workers as states argue they face harm from sudden job losses.

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Social Security delayed new ID rules and exempted Medicare, disability, and SSI applicants, but will still require new retirement and survivor applicants to appear in person.

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Trump imposed 25% tariffs on imported cars and parts, threatening global supply chains and sparking backlash from allies.

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Trump-appointed housing chief Bill Pulte kills federal first-time buyer program, calling support for disadvantaged borrowers “inappropriate.”

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Trump-backed company launches new crypto dollar as his family prepares to collect 75% of profits from trading and investment fees.

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Trump threatens 25 percent tariff on countries buying Venezuelan oil, calling them terrorist supporters, while the U.S. continues to do so.

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WSJ: White House said to scale back April 2 tariff rollout, dropping industry-specific levies but keeping reciprocal tariffs on top trading partners.

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Top White House energy aide quits weeks after launching Trump’s Energy Dominance Council, leaving oil execs in charge as fuel policy hangs in the balance.

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Federal Reserve reports $77.6 billion loss for 2024, second year of operating deficits driven by high interest rates.

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Trump moves to fold USAID into the State Department—and quietly slip in blockchain tech, though staff haven’t said whether it’s for accounting or actually moving money.

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Fed Chair Powell says Trump’s tariffs driving price increases as rates hold steady

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Trump fires FTC’s only two Democrats, violating Supreme Court precedent, ex-commissioners say

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Trump admin proposal would force millions to file Social Security claims in person, creating hardship for elderly and disabled

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Trump to impose new tariffs April 2—both “reciprocal” and extra levies on autos, steel, and more.

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Treasury Sec. Bessent downplays $5T S&P 500 plunge over 3 weeks: “Corrections are healthy.”

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Representatives of Trump’s family discussed taking a financial stake in Binance US, while its founder sought a pardon from Trump.

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Canada and the EU retaliated against U.S. tariffs today, imposing levies on $48 billion in goods, including beef, alcohol, and textiles.

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The federal student loans website went offline midday Wednesday, later displaying a “Planned Maintenance” banner after hours of downtime.

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The White House insists Elon Musk’s plan to cut $600-$700 billion from Social Security will not affect benefits.

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The House passed a stopgap funding bill by 4 votes; Senate must pass it in 3 days, requiring support from 8 Dems.

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Trump’s 25% tariffs on steel and aluminum imports take effect, but he rescinds 50% Canadian threat.

Washington, DC lawmakers urged GOP leaders to reverse a spending bill that treats the city as a federal agency and arbitrarily slashes $1.1 billion from its services.

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The Dow plunged over 1,000 points, and Nasdaq had its worst day in years, which the White House Economic Council Director dismissed as “a blip.”

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Trump demurs, tells Fox that he hates to predict things when asked about recession.

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GOP Rep. Rich Hudson, head of House campaign committee, says voters “will reward” Republicans for cuts.

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Climate United Fund sues EPA to recover billions held by agency and Citibank.

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Social Security Administration to take back 100% of monthly checks from recipients who were overpaid, up from the current 10%.

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Trump shares article from Mar-a-Lago titled “Shut Up About Egg Prices.”

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House GOP unveils stopgap funding bill, Dems vow to block over deep cuts with shutdown deadline in 6 days.

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Trump signs order creating World Cup 2026 committee and appoints himself chair.

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EPA now requires spending over $50K to be approved by Elon Musk’s DOGE unit.

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Trump signs order to alter student loan forgiveness for public service workers.

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ProPublica expose: Housing & Urban Dev may trial cryptocurrency for grants & payments.

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DC, 19 state AGs sue Trump admin over mass firings, demanding reinstatement of workers.

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Trump proposes new tariffs against Canada, including a 250% tax on dairy.

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Treasury Sec Bennett: cheap goods are not “American Dream”, calls Trudeau numbskull

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Musk tells Wall St. he wants to privatize Amtrak and the US Postal Service.

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Ontario adding 25% charge on Monday for electricity bought by Americans in MI, MN, & NY.

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Second federal judge indefinitely blocks Trump admin’s freeze on federal grants and loans.

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Trump suspends 25% tariffs on Canada, Mexico until April, threatens broader global tariffs.

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Cong. Budget Office: GOP budget targets require Medicare or Medicaid cuts.

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Trump exempts 3 big automakers from Canadian, Mexican tariffs for 1 month.

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Leaked memo: Department of Veterans Affairs to fire 76K workers.

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Commerce to overhaul Internet For All, making Musk’s Starlink eligible.

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Census Bureau disbands unpaid advisory committees of economists, demographers, statisticians and advocacy leaders.

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One month after laying off 7,000, the IRS is planning to fire up to 45,000 more.

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During his formal address to Congress, Trump said Americans should be ready for “a little disturbance” from tariffs.

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Trump admin launches trade war with 25% tariffs on Mexico and Canada, doubles Chinese duties as US markets fall before launch.

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Speaker Mike Johnson calls to fund the government through Sept and include Musk’s efficiency cuts in the 2026 budget. Stopgap deadline: March 14.

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Treasury Secretary scraps enforcement of beneficial ownership rules, exempting U.S. companies from corporate transparency.

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Trump admin orders review to bypass endangered species and other environmental rules to boost logging on 280M acres amid timber tariffs.

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Trump announced a U.S. crypto reserve, sparking a rally for Bitcoin and others.

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Musk’s DOGE tries linking IRS tax data & federal benefits, despite data laws.

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The Social Security Administration plans to fire between 7,000 and 30,000 workers.

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Trump announced 25% tariffs on Mexican and Canadian goods starting Tuesday, along with an additional 10% on China, on top of last month’s hike.

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Trump orders a 30-day freeze on agency credit cards with few exceptions.

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House GOP passes $4.5 trillion in tax breaks, $2T in cuts. Senate next.

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Trump said planned tariffs against Canada and Mexico would proceed

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The Acting IRS Commissioner will resign tomorrow after just one month in office

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Trump admin claims $55B in cuts, but WSJ analysis puts savings at $2.6B

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Trump says he will tour Ft. Knox with Musk to ensure gold is there

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The Pentagon will slash 8% of the defense budget annually for 5 years, Hegseth vows to purge military leaders “any…involved in DEI woke shit has got to go”

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The IRS plans to fire 6,700 employees across all states on Thursday

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Trump ordered independent agencies: SEC, FTC, FCC, NLRB to submit to his control and accept binding DOJ guidance

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Dr Oz’s son-in-law is Trump’s pick to lead Export-Import Bank

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White House sets Tuesday deadline for job cuts of up to 200,000

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Trump plans auto tariffs by April

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Trump administration launched a tip line urging banks to report CFPB regulators still enforcing consumer protections

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Trump has authorized reciprocal tariffs on every country with tariffs on USS imports

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Almost all federal agencies must fire probationary employees, 200K affected

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US to purchase Tesla armored trucks for $400 million

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WH eyes 30%-40% Agency Employee Cuts, Exempts Homeland and Defense

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House GOP Slashes Medicaid by $880B, Eyes Food Aid Cuts, Approves $5.4 Trillion in Tax Cuts

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Trump directed AG Bondi to pause enforcement of the Foreign Corrupt Practices Act

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Musk announces he cut 90 contracts totaling $900 million at the Education Dept

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A federal judge says the Trump administration is defying his order to release billions of dollars in grants appropriated by Congress

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Trump said he will have Transportation Dept review NYC’s congestion lanes and remove bike lanes

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Consumer Financial Protection Board employees notified by email Sunday to work remotely because offices would close all week

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Trump ordered the Treasury Dept to stop minting the penny although that authority seems to be invested in Congress

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Donald Trump announced he would levy 25% tariffs on all steel and aluminium imports as early as Monday

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Federal Hwy Admin halts a program building fast EV chargers

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Trump signed an executive order creating a US sovereign wealth fund and told reporters it might purchase TikTok

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China announces 10%-15% tariffs on American vehicles and energy

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All Consumer Financial Protection Bureau activities halted

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Canadian and Mexican tariffs were paused for 30 days

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Trump threatened “something very powerful would happen” if Panama doesn’t give the US control of the Panama Canal

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Trump said that he would levy tariffs against European countries

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Donald Trump wrote that tariffs may bring “some pain”, but that it will be “worth it”

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Donald Trump fired the head of the Consumer Financial Protection Bureau

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Treasury Secretary gives Elon Musk’s team to the nation’s payment network

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Donald Trump added a 10% tariff on top of China’s existing tariffs

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Donald Trump announced an additional 10% tariff on energy imported from Canada

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Donald Trump announced a 25% surcharge on goods from Canada and Mexico.

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Trump plans auto tariffs by April, details unclear

The New York Times
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