Sen. John Kennedy (R-LA) praised President Donald Trump and the Federal Reserve for the resilience of the U.S. economy during an interview on Fox News Channel’s America Reports on Friday. While acknowledging weaknesses in the latest jobs report, Kennedy emphasized that America’s economy remains strong compared to global competitors and credited conservative fiscal policy for delivering a soft landing.
New Jersey may soon force over 1.7 million independent contractors to abandon their self-employed status under a radical reinterpretation of the ABC test, a move critics warn mirrors California’s disastrous Assembly Bill 5. The proposal would tighten classification rules, pushing freelancers and gig workers into union-eligible 9-to-5 jobs.
The U.S. economy added just 73,000 jobs in July, far short of the 104,000 expected by economists, according to Friday’s Labor Department report. Unemployment rose to 4.2 percent, with significant downward revisions to previous months raising alarm about the true state of the labor market.
President Donald Trump announced a sweeping new trade agreement with South Korea Thursday evening, securing $350 billion in Korean investments into the U.S. economy and committing Seoul to a $100 billion purchase of American energy. The agreement also imposes a 15 percent tariff on South Korean goods, significantly undercutting the country's long-standing advantages in the U.S. auto market.
The U.S. economy under President Donald Trump grew at an annualized rate of 3% in the second quarter of 2025, according to Commerce Department data released Wednesday—beating forecasts and signaling strong economic momentum. The figure exceeds the Dow Jones estimate of 2.3% and reverses a 0.5% decline recorded in the first quarter.
Treasury Secretary Scott Bessent credited President Donald Trump’s policies for the U.S. economy’s unexpected second-quarter growth, telling attendees at a Breitbart News policy event that more prosperity is on the way. Bessent’s remarks followed Commerce Department data showing a robust 3% GDP growth rate in Q2 2025, surpassing economist forecasts and signaling renewed momentum.
With the passage of the One Big Beautiful Bill Act, the Trump administration launched a victory tour in Pennsylvania, highlighting economic wins, border security gains, and a renewed commitment to American workers. Vice President J.D. Vance spoke to a packed crowd at Don’s Machine Shop in Luzerne County, energizing the base and doubling down on promises fulfilled.
Former Treasury Secretary Larry Summers blasted President Donald Trump’s “Big Beautiful Bill” on Sunday, calling it the most disgraceful piece of legislation in modern history. Appearing on ABC’s “This Week,” Summers said the bill’s deep cuts to social programs would endanger hundreds of thousands of Americans and undermine the nation’s economic stability.
