US Policy Pulse

• Stark pessimism: 81% of 18-29 year-olds view US economy as bad/terrible, rising to 84% for 18-24 group
• Blame game: Top fingers point to Trump...

Today marks major shifts impacting paychecks, healthcare costs, and careers:

• IRS tax adjustments & inflation relief
• Caps on insulin & heart meds
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FDD blueprint for American economic security:

• Reawaken and strengthen manufacturing capacity
• Reinforce supply chains: resilient, flexible, and free from risks

Vital policy push amid global threats.

• Trump's ultimatum: Steel firms must move to U.S. or pay 50% tariffs—now backfiring.
• Carney strikes back: Intensifies North American trade...

Trump weighs down California Republicans in key state races:

• Treasurer: GOP's Jennifer Hawks pushes to rein in Democratic spending, but trails top...

Key angles from Trump's Small Business Summit:

• Tax relief, deregulation, and incentives to empower entrepreneurs driving jobs and growth
• Ties...

President Trump signs proclamation turning Obama-era health policy on its head at the White House. A bold federal health shift from Fox Business coverage.

New York City's economy needs economic diversity – mixing small/large, private/worker-owned firms – to balance growth with worker protections amid AI...

First Trust Advisors chief economist Brian Wesbury warns the Federal Reserve's quantitative easing was a 'HUGE MISTAKE', critiquing past policy amid concerns over inflation and interest rates.

• Inherited currency: US dollar wasn't invented but inherited, per Brendan Greeley.
• Enduring appeal: Greenback's global status could outlast American fiscal and military risks.
• Key listen: Reuters podcast unpacks origins as hidden economic asset.

Shadow docket—emergency rulings with minimal explanation—has surged, reshaping Trump-era policy battles.

• Trump admin sought relief >25 times in one...

Grievance politics defines Trump admin budgeting: USDA doc mentions rural just 12 times in 92 pages, but slams woke (34x), DEI (26x), transgender...

RSM has lowered its 2026 US GDP forecast from 2.4% to 1.7%, estimating a 30% recession probability over the next 12 months. Signals cooling growth ahead.

NY state budget advances despite being over a month late:

• Conceptual agreements reached on Gov. Hochul's four key items: car insurance reform to cut...

Resilient economy despite headwinds:

• Q1 GDP accelerated to 2.0% annualized, up from 0.5% last quarter, driven by consumer spending and investment.
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• Over three dozen former federal workers, fired or quit amid DOGE cuts last year, now running for office
• Most are Democrats, citing an assault on...

The U.S. economy remains resilient, with a favorable outlook fueled by robust business investment in equipment and intellectual property products.

Taxes alone cannot stabilize long-term federal debt without historically large increases, finds Brookings' Jessica Riedl. This underscores the limits of tax policy for debt sustainability.

Key Economic Indicators

• 🔥 PCE Inflation and GDP: Commerce Department data shows core PCE rose 3.2% annualized in March, headline at 3.5%, with...

• Milestone hit: Public debt now exceeds GDP, with ratio at ~100% today.
• Worsening outlook: Deficits near 6% GDP now, rising to 7% by decade's end;...