Former Treasury Secretary Janet Yellen claimed Friday on CNNâs âAnderson Cooper 36srcâ that President Donald Trumpâs tariffs are doing âimmense damage to our economy.â Yellen said, âThis is the worst self-inflicted policy wound Iâve ever seen in my career inflicted on our economy. The Trump tariff plans are doing immense damage to our economy. You
Exclusive â Secretary Bessent on âReprivatizationâ of Economy: âWe Are Laser-Focused on Getting this Deficit Under Controlâ
WASHINGTON â Treasury Secretary Scott Bessent told Breitbart News exclusively that President Donald Trumpâs administration is âlaser-focusedâ on cutting the deficit and getting spending âunder control,â part of his larger vision of âreprivatizationâ of the U.S. economy so economic growth is no longer dependent on government spending but instead on private sector growth. Bessent said
Europe’s Economy Showed Zero Growth at End of 2024, Germany Struggles
FRANKFURT, Germany (AP) â Europe´s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output, officials said Thursday. Gross domestic product was flat with a zero increase in the final quarter of 2src24 in the 2src-nation eurozone, the EU statistics agency Eurostat said.
Trump Effect: U.S. Economy Added 256,000 Jobs In December, Unemployment Rate Fell
Employers in the United States added 256,srcsrcsrc workers to their payrolls in November, the Department of Labor said Friday, and the unemployment rate declined to 4.1 percent. Economists had been expecting 153,srcsrcsrc jobs and an unemployment rate unchanged at 4.2 percent. The prior monthâs jobs figure was revised down to 212,srcsrcsrc from 227,srcsrcsrc. Most of
Carney on ‘Kudlow’: Americans Already Feel Better About the Economy
On Thursdayâs broadcast of the Fox Business Networkâs âKudlow,â Breitbart News economics editor John Carney stated that people have already started taking a more optimistic view of the economy even before President-Elect Donald Trump has taken office. Carney said, â[I]f you look at surveys of public opinion, youâll find that when people are asked the question
Harris Co-Chair: People Think Personal Economy Is Improving, Think Country’s on Wrong Track Largely Due to Division
On Thursdayâs broadcast of âCNN News Central,â Harris-Walz Campaign Co-Chair Sen. Chris Coons (D-DE) reacted to polls showing Americans see the country as on the wrong track by stating that the internals show more people âthink that their own economic situation and [that] of their community is getting betterâ and the pessimistic view of the
Harris Co-Chair on Voters Praising Pre-COVID Trump Economy: Trump Economy ‘Was Terrible’
On Thursdayâs broadcast of CNNâs âInside Politics,â Harris-Walz Campaign Co-Chair Mitch Landrieu responded to a question on voters who say that they could afford to buy more during the Trump administration pre-pandemic by stating, âthatâs what they think. But, of course, that is not accurate. The economy, when Donald Trump was president, was terrible.â Host
China Pours Money into Africa as Domestic Economy Sputters
Beijingâs three-day Forum on China-Africa Cooperation (FOCAC) concluded on Friday with more pledges of funding for Africa, even though Chinaâs sputtering economy may be hard-pressed to meet those commitments. The South China Morning Post (SCMP) counted $5src.6 billion in Chinese loans, aid programs, and corporate investments for Africa over the next three years that were
Marlow: Dems Want to Wear Trump Out, Get Him Away from Issues Like Economy, Border, Crime
On Fridayâs edition of the âTomi Lahren Is Fearlessâ podcast, New York Times bestselling Breaking Biden author and Breitbart News Editor-in-Chief Alex Marlow argued that Democrats want to try to wear down 2src24 Republican presidential candidate former President Donald Trump with the criminal charges against him and Trump canât play into that goal by sacrificing his message on
Axelrod: Biden Is Self-Congratulating, Not ‘Advocating for People in a Tough Economy Because of the Inflation’
On Tuesdayâs broadcast of CNNâs âAC36src,â CNN Senior Political Commentator and former Obama adviser David Axelrod stated that while democracy issues are important, âif youâre sitting around the kitchen table talking about democracy and the future of democracy, itâs [probably] because you donât have to worry about the cost of the food on your table.â
Another Blow Out: American Economy Created 275,000 Jobs In February
Employers in the United States added 275,srcsrcsrc workers to their payrolls in February, the Department of Labor said Friday. The unemployment rate increased to 3.9 percent, up from 3.7 percent in the prior month. Economists had forecast payrolls would grow by 2srcsrc,srcsrcsrc and the unemployment rate would be unchanged at 3.7 percent. The top of
Explosive Jobs Growth: U.S. Economy Created 353,000 Jobs In January
Employers in the United States 353,srcsrcsrc workers to their payrolls, the Department of Labor said Friday. The unemployment rate held steady at 3.7 percent in the prior month. The previous two months were revised upward. The November figure was revised up by 9,srcsrcsrc to 182,srcsrcsrc. The December number was revised up by a stunning 117,srcsrcsrc
Hasbro Eliminating Close to 20 Percent of Workforce as Biden Economy Hammers Toy Sales
Christmas is supposed to be the most wonderful time of year for toy manufacturers. But in Joe Bidenâs economy, toy sales are suffering thanks to runaway inflation and other pressures, forcing one of the worldâs largest toymakers to deliver lumps of coal to employees just ahead of December 25. Hasbro said this week that it
Axelrod: Biden’s Approval on Economy ‘Bad, Especially Relative to What He’s Achieved’ Due to Politics, Unease Largely ‘Driven by Inflation’Â
On Fridayâs broadcast of CNNâs âAC36src,â CNN Senior Political Commentator and former Obama Adviser David Axelrod stated that President Joe Bidenâs âeconomic approval numbers are actually quite bad, especially relative to what heâs achievedâ because of political polarization and a âsense of uneaseâ that is largely âdriven by inflationâ and also due to a âhangoverâ
Sen. Cruz: Biden ‘Willing to Tank the Economy’ with Debt Ceiling Stalemate
Senator Ted Cruz (R-TX) said on this weekâs broadcast of âFox News Sundayâ that President Joe Biden was âwilling to tank the economyâ over the debt ceiling debate. Cruz said, âIt is really unfortunate to see how Joe Biden is approaching this job. It is all politics all the time and he consistency goes to
Uncharted territory: The Biden-Jeffries relationship comes into focus with the global economy on the line
Hakeem Jeffriesâ first true test as minority leader will be ensuring House Democrats stay aligned in backing Joe Bidenâs position against bargaining on raising the debt limit. | Drew Angerer/Getty Images When President Joe Biden sits down with the top congressional leaders on Tuesday, he will see some familiar faces: Mitch McConnell, Chuck Schumer, and
Poll: 75% of Americans Think Economy Is Getting Worse
Americansâ confidence in President Joe Bidenâs economy is declining, with 75 percent believing economic conditions are getting worse, according to the latest Gallup survey. While 75 percent of Americans say the economy is worsening, only 19 percent say things are improving, and five percent say the economy is stagnant. GALLUP: Right now, do you think that economic
Unions Vow Total Shutdown of French Economy as Macron Move to Increase Retirement Age
PARIS (AP) â Roads blocked, oil refineries disrupted, planes grounded and trains halted â unions are threatening to shut down Franceâs economy this week in what they hope is their toughest riposte yet to President Emmanuel Macronâs plan to raise the retirement age. The first actions are expected Monday, as truckers are being urged to
Chinaâs Lawmakers Prepare to Address Woeful Economy, Freezing Single Womenâs Eggs
The Chinese governmentâs annual âtwo sessionsâ â simultaneous meetings of the National Peopleâs Congress (NPC) and the Chinese Peopleâs Political Consultative Conference (CPPCC) â are scheduled to begin on Saturday, March 4. This yearâs sessions will likely be preoccupied with the dismal Chinese economy, the accelerating demographic crisis, and the rotation of government officials that occurs every
Old Man Joe Biden Now Ready To Scuttle Americaâs Maritime Economy
âInstead of restricting speed to 10 knots or 11.5 miles per hour, how about restricting someone over 80 years old becoming president, Tweeter Roger Mushmoore wrote. (Fox News) Mon Dieu! This is the Merry Christmas U.S. President Joe Biden sent today to millions of hardworking Americans, fishers who depend on the Atlantic Ocean to make […]
New Orleans’ Democrat Mayor Claims Economy Flights Not Safe for Black Women
The Democrat mayor of New Orleans, Louisiana, said this week economy flights are not safe for black women. In addition, LaToya Cantrell has said she would not repay money spent on a first-class trip from Washington Dulles Airport to Switzerland over the summer, Meaww reported Sunday. âMy travel accommodations are a matter of safety, not
Audio: Rep. Elissa Slotkin says anti-abortion sentiment is bad for Michiganâs economy
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Poll: Half of Voters Say Economy, Inflation Top Issue Going into Midterms
Half of U.S. voters say the economy or inflation is their number one issue heading into the November 8 midterm elections, according to a recent ABC/Ipsos poll. The poll shows that 28 percent of registered voters say the economy is their single most important issue for determining their ballot, while 22 percent say inflation is.…
Warren: ‘Very Worriedâ Fed Will ‘Tip this Economy into a Recession’
Senator Elizabeth Warren (D-MA) said Sunday on CNNâs âState of the Unionâ that she is âvery worriedâ that the Federal Reserve will âtip this economy into a recession.â During a keynote speech Friday in Jackson Hole, Wyoming, Powell said, âWhile higher interest rates, slower growth and softer labor market conditions will bring down inflation, they…
Economists: Inflation Canât Be Reined In Without Tanking The Economy
Nearly three quarters of business economists believe that the Federal Reserve will not be able to bring inflation back to its target of 2% in the next two years without inducing a recession, according to a poll by the National Association for Business Economics (NABE) released Monday.Roughly 19% of respondents believed that the U.S. was…