Economy - Page 67

On Friday’s broadcast of Newsmax TV’s “The Record,” Rep. Darin LaHood (R-IL) stated that “we can’t be bailing out high-tax states like New York, California, Connecticut, New Jersey, even Illinois, my home state” by having a high SALT deduction, which

Indian officials have offered a dramatic reduction in tariffs across the board in exchange for relief from President Donald Trump’s tariffs, a report says.

Senate Banking Committee Chairman Tim Scott (R-SC) on Friday told Breitbart News that, as a kid who grew up in poverty, it was “disgusting” to see Senate Democrats block a crypto bill that promotes financial inclusion.

The White House says more trade deals are coming following the bilateral agreement that the United States and the United Kingdom announced on Thursday.

Household sentiment weakens as income expectations fall and job fears rise, supporting Trump’s call for rate cuts

President Donald Trump’s tariff strategy has piqued the attention of international automakers, with foreign carmakers shifting more manufacturing to the United States, particularly with electric and hybrid models.

Amazon has announced that it will now offer prescription pet medications through its online store, providing an option for pet owners willing to trust the e-commerce with the health of their furry friends.

President Donald Trump said it would be “OK” with him if Republican lawmakers raised taxes on the rich but in the same breath cautioned against it. 

In response to testimony from Apple SVP Eddie Cue suggesting Google’s search traffic is falling, the internet giant has come out guns blazing to dispute any decline in its search business.

Last year, AMC Theaters lost $163.5 million during this same quarter. This year, that number climbed to a $202.1 million loss.

California Governor Gavin Newsom’s hostility to the oil industry could lead to the closure of local refineries — which, in turn, could push gas prices past $6 per gallon, or even $9 per gallon, a local analyst has warned.

Americans overwhelmingly support rooting out waste, fraud, and abuse in Medicaid, according to a poll obtained by Breitbart News.

President Donald Trump indicated that he would approve an 80 percent tariff on China but said the path of the negotiations would be up to Treasury Secretary Scott Bessent. “80% Tariff on China seems right! Up to Scott B,” Trump said in

California Governor Gavin Newsom and state lawmakers are bracing for a $10 billion budget shortfall — even before federal spending cuts undertaken by the Trump administration and the Department of Government Efficiency (DOGE).

On Thursday’s broadcast of CNBC’s “Squawk Box,” Sen. Ted Cruz (R-TX) stated that the same people in the Trump administration who want permanently high tariffs, which are “just taxes on the American people” are also pushing for tax increases on

Creepy Bill Gates claims that Elon Musk will be responsible for “killing the world’s poorest children” through his work leading the Department of Government Efficiency (DOGE), tasked with rooting out wasteful government spending.

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” Commerce Secretary Howard Lutnick said that the message from the agreement between the United States and U.K. is that the 10% base tariff rate isn’t for negotiation and “reciprocal tariffs, if you think about it, [are] how open is your economy to our exports? How fair is it to our exports? What kind of trade deficit do you do? And that sets that line. So, 10% is the bottom line for that.”

On Thursday’s broadcast of Bloomberg’s “Balance of Power,” Commerce Secretary Howard Lutnick responded to a question on reports that President Trump is eyeing raising taxes on the wealthy by saying that “he cut it from 39.6 to 37. So, if

When Trump calls for tax cuts to boost American growth, we can debate their fiscal merits; but let’s not pretend they’re a guaranteed path to trade imbalance. The theory behind that claim is old, contested, and, in many cases, simply wrong.

The trade deal between the United Kingdom and United States “puts our great American agricultural producers first,” Agriculture Secretary Brooke Rollins said on Thursday.

Chicago has some of the worst economic indicators for black Americans of the nation’s top cities despite years of left-wing Democrat policies.

A flourishing industry of “origin washing” services has appeared on Chinese social media, offering to help export companies evade U.S. tariffs by pretending their products were shipped from other Asian countries like Vietnam and Thailand.

The Trump administration has released details on the trade deal the United States has reached with the United Kingdom — the first agreement since Trump implemented his “Liberation Day” tariffs last month.

The FTC has lost its appeal of a ruling in its case against Microsoft’s $68.7 billion acquisition of gaming giant Activision Blizzard.

Peloton shares stumbled in early trading after the company reported a 13 percent year-over-year drop in revenue for the fiscal third quarter, marking the third straight quarter of declining sales.

Apple Senior Vice President of Services Eddy Cue defended the company’s $20 billion a year deal with search monopoly Google during the remedy phase of the internet giant’s antitrust trial in Washington, DC. Cue also testified that rapid advancements in AI could disrupt Google’s search monopoly more effectively than court intervention.

Sen. Ruben Gallego (D-AZ) is about to “knife the crypto community” after he took $10 million from a pro-crypto super PAC during the contentious 2024 Senate election.

Obama tried to scare the people of the U.K. out of voting for Brexit by saying it would put them at the back of the queue for trade deals. Nine years later, the U.K. became the first country to cut a trade deal with the U.S. under President Trump.

President unveiled first post tariff trade deal, revealing increased market access with “one of our closest and most cherished allies”.

President Donald Trump once again took aim at Federal Reserve chairman Jerome Powell on Thursday, apparently unhappy with the central bank’s decision Wednesday to hold its interest rate benchmark steady.

“Big and Exciting” trade deal between the U.S. and the UK to be unveiled on Thursday, the leaders of both nations have suggested.

The Department of Government Efficiency (DOGE) has acted on Elon Musk’s orders and deactivated over 500,000 government-issued unused/unneeded credit cards with the promise of more to come.

On Wednesday’s broadcast of the Fox News Channel’s “Special Report,” Sen. Bernie Sanders (I-VT) said that there are some Democrats who are now abandoning progressive views on tariffs and he favors selective tariffs, not the broad ones put forward by

Many economists have successfully challenged the idea that budget deficits lead to higher trade deficits.

Maryana Iskander, the CEO of the Wikimedia Foundation — the nonprofit that owns Wikipedia — is reportedly stepping down from her position. The revelation comes just two weeks after the foundation was accused of violating its 501(c)(3) tax-exempt status by allowing propaganda and misinformation from “foreign actors” to flourish on the platform. Iskander, meanwhile, insists her forthcoming departure has been in the works for some time.