Newsletter Archive

August 2025

Trump’s Tariffs Will Cut Deficits by $4 Trillion: CBO

Happy Friday! President Donald Trump indicated today that the controversial and locally unpopular federal crackdown on crime that he launched in Washington, D.C., will be targeting Chicago next. "I think Chicago will be our next and then…

The Stunning Size of Trump’s Purge at Federal Health Agencies

Happy Thursday! It certainly was a happy day for President Trump, who celebrated a New York appeals court decision that tossed out a roughly $527 million civil fraud penalty against him as "excessive" - though a deeply divided five-judge…

Trump Escalates Attacks on the Fed

President Donald Trump on Wednesday called for the resignation of Federal Reserve Governor Lisa Cook, after a Trump ally alleged she may have engaged in mortgage fraud and urged the attorney general to investigate her.

Trump Strikes New Tone in High-Stakes Ukraine Talks

Happy Monday! The highlight on this week's economic calendar will take place on Friday, when Federal Reserve Chair Jerome Powell is set to deliver a closely watched speech at the Kansas City Fed's annual conference in Jackson Hole, Wyoming…

The National Debt Tops $37 Trillion

Happy Tuesday! The White House celebrated a new report today that showed overall inflation held steady at 2.7%, just below economists' expectations - though the underlying data offered reason for concern.

The National Debt Tops $37 Trillion

Happy Tuesday! The White House celebrated a new report today that showed overall inflation held steady at 2.7%, just below economists' expectations - though the underlying data offered reason for concern.

Trump’s Tariffs Are About to Clobber US Consumers

Happy Monday! President Trump will hold a high-stakes summit with Russian President Vladimir Putin on Friday, but he kicked off the week with a news conference this morning to announce an extraordinary exercise of presidential power to…

Trump’s Tariffs Are About to Clobber US Consumers

Happy Monday! President Trump will hold a high-stakes summit with Russian President Vladimir Putin on Friday, but he kicked off the week with a news conference this morning to announce an extraordinary exercise of presidential power to…

Trump Ousts IRS Commissioner After Less Than 2 Months

Good evening. The tumult at the IRS continues, as President Trump ousted his choice to lead the agency after less than eight weeks on the job. We've got details on that and other Trumpian turmoil.

Trump Pushes Tariffs to Highest Level Since the Great Depression

Happy Thursday! President Donald Trump said today that he will nominate Stephen Miran, the chair of the White House Council of Economic Advisers, to temporarily fill a seat on the Federal Reserve's board of governors being vacated by…

Trump Broke the Law in Canceling NIH Grants, Watchdog Says

Happy Wednesday! The self-described "Tariff Man" was at it again today, announcing that he'll impose a tariff of about 100% on imported semiconductor chips - but the duty would not apply to companies that have "made a commitment" to…

Trump’s Firing of BLS Chief Carries Big Risks, Experts Warn

Happy Tuesday! President Donald Trump told CNBC today that he has narrowed down his list of potential successors to Federal Reserve Chair Jerome Powell to four candidates, including Kevin Hassett, director of the National Economic Council,…

Trump Fires the Messenger After Dismal Jobs Report

August entered with a thud today as the July jobs report fell short of expectations - and the labor market gains for the previous two months were revised sharply lower, suggesting that the economy has been slowing. President Donald Trump…

July 2025

Trump’s Trade Deadline Brings Flurry of Activity

Good evening! Tomorrow, August 1, is President Donald Trump's deadline for dozens of trade deals. Here's what we're watching while also monitoring the other big trade deadline - today's, for Major League Baseball.