Economy

MatPat Launches Creator Economy Caucus on Capitol Hill

YouTube creator Matthew “MatPat” Patrick has officially stepped into the political arena, launching the bipartisan Creator Economy Caucus in the House of Representatives alongside his wife, Stephanie Patrick. The caucus aims to bridge the gap between lawmakers and digital content creators by advocating for policy that reflects the modern realities of online entrepreneurship.

White House Touts Income Surge Amid Slowing Consumer Spending

The White House is celebrating a significant rise in Americans' personal income, highlighting a 0.8% increase in April—nearly triple the forecasted 0.3%.

Florida Permits Gold, Silver for Transactions

Governor Ron DeSantis (R-FL) signed a bill this week recognizing gold and silver as legal tender in the state. The materials are poised to become free from sales tax.

Home Sales Surge as Trump Economy Defies Recession Talk

New home sales in April jumped at the fastest pace since early 2023, countering persistent recession predictions from critics of the Trump administration. According to the U.S. Census Bureau and the Department of Housing and Urban Development, sales rose 10.9% from March to a seasonally adjusted annual rate of 743,000 units—up 3.3% from April 2024.

U.S. Economy Booms Under Trump, Voters Approve

A majority of Americans believe the economy is doing well under President Donald Trump, according to a new national poll. The survey, conducted in May, found that 51% of registered voters consider the U.S. economy “strong,” reflecting growing public confidence in Trump’s leadership.

Trump’s $2 Trillion Middle East Deals Ignite Business Boom

President Donald Trump returned from a weeklong Middle East tour with over $2 trillion in new economic agreements, drawing praise from top U.S. business leaders.

Bernie Moreno Vows GOP Will Deliver Trump’s ‘Big, Beautiful Bill’

Senator Bernie Moreno (R-OH) declared Saturday that Republicans are fully committed to advancing President Donald Trump’s sweeping economic agenda, emphasizing that “failure is not an option” when it comes to making Trump-era tax cuts permanent and reviving American prosperity.

California Economy Stagnant Report Signals Trouble Ahead

A new report from California’s Legislative Analyst’s Office (LAO) paints a bleak picture of the state’s economy, describing it as “stagnant” and “fragile,” with job losses, falling consumer spending, and unsustainable reliance on stock market gains driving serious fiscal concerns. The warning is backed by multiple indicators showing the state slipping toward recession territory.

Trump Nears Breakthrough Trade Deals with Key Asian Partners

U.S. Treasury Secretary Scott Bessent said the administration is "very close" to completion of multiple trade deals with U.S. trading partners in Asia.

U.S. Consumer Confidence Crashes to 2020 Lows

U.S. consumer confidence took a significant hit in April, falling to its lowest level in nearly four years. Concerns over trade policy, inflation, and market instability drove the drop, even as Americans maintained relatively strong views of their current financial situations.

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