He also intends to appoint an AI czar to oversee artificial intelligence policy. President Donald Trump announced that he will form an artificial intelligence (AI) force and appoint…
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President Trump Responds to August Employment Numbers
He also addressed the Stock Market, which went down after the strong employment numbers were announced. President Donald Trump responded to the August jobs numbers released by the…
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Administration Responds to National Debt Hitting $40 Trillion
Treasury Secretary Bessent said that U.S. economic growth needs to outpace the debt. Treasury Secretary Scott Bessent said that the way out of the national debt, which passed…
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Council of Economic Advisers Issues Study on State Income Tax Elimination
The council analyzed the replacement of state income tax collection with sales tax revenue and limiting state service expansion. The White House Council of Economic Advisers released a…
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Commerce Department Reports Trade Deficit Decline
Officials add 1.42 percentage points to GDP in second quarter. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced this week that America’s trade deficit…
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Administration Seeks to Redefine Recession
Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
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White House Economist Discusses Recession Threat
U.S. is equipped for downturn, he said. America’s gross domestic product (GDP) shrank by 1.4 percent in the first quarter of 2022 after posting significant gains to round…
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