All articles tagged with #economic policy
In his State of the Union address, Trump floated a major new federal-style retirement benefit for roughly 54 million private-sector workers, but the White House lacks the legal authority to enact it and experts are skeptical about the proposed legislation.
The BEA reports that U.S. growth cooled at the end of 2025, with fourth-quarter GDP up at an annualized rate of 1.4%, leaving 2025’s total growth at 2.2%—down from 2.8% in 2024—largely due to tariffs and a weeks-long government shutdown that weighed on momentum.
The U.S. merchandise trade deficit hit a record $1.2 trillion in 2025 despite President Trump’s tariff policy, signaling that the tariffs did not close the gap and that trade patterns shifted away from China toward other Asian exporters as import demand remained strong.
Ministers are reportedly weighing delaying the plan to remove discretionary age bands and raise 18–20-year-olds’ minimum wage to match those over 21, despite Labour’s manifesto commitment. With youth unemployment around 16% and employers warning higher wages may deter hiring, ministers may slow the timetable, though a full reversal is unlikely.
President Trump’s shift away from U.S.-led globalization toward an America First approach is reshaping the global economy, with allies warning the move could raise economic risks as trade and investment links recalibrate in a less integrated, more unruly order.
President Trump escalates a coercive mix of regulatory threats, attacks on industries, and pressure on the Federal Reserve to lower rates, aiming to reduce prices but drawing warnings that the approach could destabilize markets and undermine central-bank independence even as inflation remains stubborn.
Senator Elizabeth Warren urged Democrats to abandon a centrist, billionaire-friendly approach and embrace a leftward, working-class–oriented economic agenda, arguing there can be no two-vision 'big tent' and warning against letting billionaire donors curb progressive aims. She highlighted donor influence, noted tensions around regulation and tech policy, and signaled she intends to shape 2026 messaging and policy direction.
President Trump has proposed a one-year cap of 10% on credit card interest rates, aiming to reduce consumer costs, but financial institutions criticize the move, arguing it could limit access to credit.
President Donald Trump has called for a one-year cap on credit card interest rates at 10%, citing consumer affordability concerns amid economic pressures, though details on implementation remain unclear. The proposal is part of his broader populist economic messaging, which has faced mixed public reception and political challenges, including previous efforts by the Biden administration to regulate credit card fees.
President Donald Trump inadvertently revealed some of Friday's jobs data early through a social media post, violating federal policy on statistical releases. The post indicated private sector job growth for 2025 and provided a preliminary look at December's employment figures, which slightly exceeded economist estimates and boosted market confidence. The White House acknowledged the accidental disclosure and is reviewing protocols, while emphasizing the positive economic impact of Trump's policies.
France is experiencing a political and economic crisis, failing to pass a budget for 2026 amid parliamentary battles, with its public finances remaining in disarray despite improvements in other European countries.
The article discusses Venezuela's challenges related to the Donroe Doctrine, highlighting issues in its foreign policy and economic strategies within Latin America.
The article discusses China's strategic focus on its export-led growth model, emphasizing its importance for the country's economic development and global trade influence.
Central banks are engaging in gold trading to combat smuggling activities, reflecting efforts to tighten financial controls and curb illegal trade. The article discusses the strategic move by authorities to use gold transactions as a tool against illicit activities.
Iran has replaced its central bank governor in an effort to address and contain ongoing cost-of-living protests across the country.