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House Minority Leader Hakeem Jeffries (D-NY) made multiple false statements on President Donald Trump’s economy and the Republicans’ proposed changes to Medicaid and Obamacare spending, prompting a fact-check from the National Republican Congressional Committee (NRCC). Speaking on the Mornings with Zerlina radio show last Thursday, Jeffries repeated the already-debunked lie that “about 13.7 million people will be flown off their health care” due to the reconciliation bill the House passed last month, which is now under the consideration of the Senate. Jeffries claimed: Well, it’s a reckless extreme budget that Republicans are trying to jam down the throats of the...

A majority of Americans believe the economy is fairing quite well under President Donald Trump, according to a poll conducted in May. In a survey released Monday, 51 percent of respondents said they believe the economy is “strong,” the Daily Caller reported, citing a Harvard University Center for American Political Studies (CAPS)/Harris poll. The poll also found that 63 percent support cutting the size of the government and 55 percent believe the Department of Government Efficiency (DOGE) has been “very effective” at cutting government spending. “The Harvard CAPS/Harris survey was conducted online within the U.S. on May 14 to 15,...

On Wednesday’s broadcast of MSNBC’s “11th Hour,” host and NBC News Senior Business Analyst Stephanie Ruhle said that Democrats struggled to talk about the economy because “telling the truth about a complicated economy” is “Complicated and nuanced.” And “we don’t have one economy” in such a large country and it’s “hard to explain” all of that. While discussing Democrats in the 2024 election, Ruhle stated, “They didn’t do a great job talking about the economy. You know why? Because telling the truth about a complicated economy, you know what it is? Complicated and nuanced. And in a country of 330...

The growing undocumented immigrant population in the U.S. will lower the deficit by nearly a trillion dollars over the next decade, according to a study by the Congressional Budget Office (CBO). CBO’s projections are based on the net sum of economic activity generated, taxes paid and benefits allotted to the immigrant groups included in the study. The nonpartisan agency estimates a net population increase of 8.7 million such immigrants between 2021 and 2026, averaging an increase of 1.7 million people per year above the pre-2020 average annual net immigration of 200,000. CBO based its projections on the economic effects that...

The uptick in the June unemployment rate along with significant downward revisions in the job additions for April and May are the latest signs that the economy may be slowing down under high Federal Reserve interest rates. The Friday numbers from the Labor Department showed the unemployment rate increasing to 4.1 percent in June from 4 percent in April, the third month in a row of 0.1-percentage point increases. Jobs added to the economy in May were revised down to 218,000 from 272,000 and in April to 108,000 from 165,000. While the economy added a healthy 206,000 jobs in the...

Actor John Leguizamo wants Latinos to stop blaming President Joe Biden for the economy, telling them to instead blame record-high consumer prices on COVID and Trump. In a Salon interview last week, John Leguizamo was reacting to recent polling figures showing former President Donald Trump gaining ground among Latino voters. “Because Latinos, they’re blaming him [Biden] for the economy, which they shouldn’t be because COVID was the culprit and Trump not handling COVID was the culprit in damaging our economy,” he said. “But our economy is doing great. It’s just inflation that’s messing up everybody’s paycheck. So I understand that.”

On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein stated that the White House is okay with the latest GDP report, “especially once you get under the hood, you take out some of those more volatile components, consumer spending and investment look great.” And “the underlying economy is solid as ever.” Guest host Edward Lawrence asked, “When you dig into this GDP report…you find that the first quarter personal consumption grew at 2.5%, the non-defense government spending grew at 0.3%, but if you look back to the fourth...

On Thursday’s broadcast of “NewsNation Now,” White House National Climate Adviser Ali Zaidi denied that the Biden administration is attempting to shut down the coal industry or slow any industry down, and stated that the issue is “about how do we speed up to a stronger economy, a more durable economy, and one that, frankly, puts less pollution into the sky?” Host Connell McShane asked, “[C]oal executives, for the most part, are coming out and saying this — we can’t meet this. So, the real goal here is to kind of shut our industry down. Is that what’s happening?” Zaidi...

On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Biden Campaign Co-Chair Rep. James Clyburn (D-SC) stated that “401(k)s are not about people’s everyday lives.” And “we’ve got to get” people “to see…that inflation today is about 40% of what it was when Joe Biden took office.” And get people to see “that which is real, not what they may hear on social media.” Clyburn said, “I think that we have to focus on people’s everyday lives. And 401(k)s are not about people’s everyday lives. And I do believe, just from my own observations, from the conversations I’ve had with people, they...

On Monday’s broadcast of NBC’s “Today,” President Joe Biden responded to a question on what he would say to people whose money isn’t going as far due to inflation by saying, “we have the best economy in the world. We’ve got to make it better.” And “we’re going to find out that what happened as a consequence of the crisis we had on health is going to have a lasting effect. We’ve just got to get people to move again. We’re ready. I think the country’s ready to come together…I’m truly optimistic.” Co-host Al Roker asked, “When people are saying,...

President Biden’s reelection campaign bashed former President Trump on Tuesday after he said he hoped the U.S. economy crashed in the next 12 months, arguing he doesn’t care about people. “Donald Trump should just say he doesn’t give a damn about people, because that’s exactly what he’s telling the American people when he says he hopes the economy crashes. In his relentless pursuit of power and retribution, Donald Trump is rooting for a reality where millions of Americans lose their jobs and live with the crushing anxiety of figuring out how to afford basic needs,” campaign manager Julie Chavez Rodriguez...

On Thursday’s “Pod Save America” podcast, Senate Majority Leader Sen. Chuck Schumer (D-NY) stated that people in the middle class “doubt” whether they have a future and that people have negative views of the economy because “people look at the economy six months ago” and it’s “still in their heads today.” Schumer said the messaging strategy for Democrats on the economy is “to focus on what we’re doing. The two things people want the most, our data shows, are, get my costs down. They know that wages are going up. But when the costs go up and eat up the...

Dell Technologies is the latest technology company to announce job cuts, saying Monday that it will be cutting about 5 percent of its workforce, or about 6,600 jobs. According to a Securities and Exchange Commission (SEC) filing, Dell will cut 5 percent of its global workforce to respond to a “challenging global economic environment.” Co-Chief Operating Officer Jeff Clarke said in an email to employees that the company is facing market conditions that “continue to erode with an uncertain future,” which will require restructuring the organization and letting some employees go. “In the coming days and weeks, you’ll begin to...

The day after the midterm elections, I was at a small business client, and of course everyone was talking about the results and how the Democrats had done much better than expected. One woman, Linda, said something that really caught my attention. She said she voted for Lt. Gov. John Fetterman (D-Pa.) because of his stance on abortion. Another person, David, said the same thing and that he was also concerned about some of the more radical Republicans. I heard similar stories from other employees discussing how they voted, ranging from a distrust of former President Trump to concerns about...

,/A>Did Fed Chair Powell just jump straight from ‘denial’ to ‘acceptance’ on his journey through grief at the death of ‘transitory’ inflation? Speaking on MarketPlace Radio this evening, Powell said the central bank has both the tools and resolve to bring down rapid inflation — though he acknowledged that the path to lower price increases could be a painful one. Powell: So you can see that inflation is just way too high here in the United States. And by the way, the same all over the world, really, the global economies all around the world have been hit by a...

Throughout the coronavirus pandemic, Sweden has drawn international attention for its unorthodox approach to managing the virus' spread. The Nordic state didn't impose strict lockdown measures, instead asking citizens to stay home if they were sick and to practice social distancing in public. Bars, restaurants, and shops stayed open, even when cases peaked in the country. Its relaxed coronavirus strategy, relying on personal responsibility and willful obedience, has been both praised and criticized. And while the jury is still out on the effectiveness of the country's public-health approach, there is growing evidence that, economically speaking, the loose rules seem to...

New York Hilton Midtown New York, New York 12:09 P.M. EST THE PRESIDENT: Well, thank you very much, Barbara. So sad that this is live. She said it’s live. (Laughter.) It’s always live. There’s always somebody with a phone. It becomes live. Ask a lot of politicians that are no longer in politics. I want to thank Marie-Josée Kravis for your incredible leadership of the club. It’s an honor to be here. It is wonderful also to be back in New York with so many friends and distinguished leaders in business, in finance, academia, and, I have to add, in...

Although the vast majority of public employees are covered by defined-benefit pension plans, many may need to supplement their pension checks to ensure a comfortable retirement. Teachers, for example, can enhance their retirement security by contributing to a 403(b) plan, a tax-deferred savings plan that's similar to a 401(k). Unfortunately, many 403(b) plans are vastly inferior to their private-sector counterparts as far as investment choices are concerned; primary offerings are usually products such as equity-indexed annuities, which often carry high fees and offer limited market returns

I hate to sound like a broken record, but the Organization for Economic Cooperation and Development (OECD) is once again pushing for bigger and more intrusive in the United States. The international bureaucracy’s “Economic Survey” of the United States reads like it was produced by some interns at the Democratic National Committee.Since the OECD is based in Paris, I suppose it’s not very surprising that it has a statist agenda. But it’s still offensive because American taxpayers finance the biggest portion of the bureaucracy’s budget.In other words, I’m subsidizing the people who are interfering with America’s domestic policy in hopes...

Airbus is beginning construction on a new assembly plant in Mobile that could mean jobs for South Mississippi residents. The groundbreaking ceremony was held Monday morning at the 1,650-acre Brookley Aeroplex industrial park, site for the new plant. The $600 million factory is expected to employ 1,000 people once production of the Airbus A320 jet begins around 2015.