News
There’s More at Stake Than Just Interest Rates. Here’s What Trump Could Do With the Whole Federal Reserve Toolkit
3+ hour, 6+ min ago (694+ words) On Wednesday, the Supreme Court will hear oral arguments on whether President Trump can continue his rampage through the federal government by removing Federal Reserve Governor Lisa Cook without due process, giving the executive unprecedented power over the nation's premier…...
The Government Shutdown Is Helping Trump Obscure Federal Economic Data
3+ mon, 2+ week ago (768+ words) The Bureau of Labor Statistics has been forced to halt the publishing of its always-anticipated monthly jobs report because of the government shutdown, making room for President Donald Trump's administration to obscure the true state of the economy nine months…...
Why the Spike in Black Unemployment Is an Alarming Sign of What’s to Come
4+ mon, 6+ day ago (740+ words) Troubling and unusual unemployment numbers for Black Americans are signaling that the U.S. is on its way to a potential recession, economists tell TPM." This time around, Black middle-class Americans are bearing the brunt of the initial impact "because the federal…...
How Trump’s ‘Least Bad Outcome’ Trade Agreements Could Hurt Everyone
5+ mon, 2+ week ago (882+ words) A prevailing narrative has emerged about recent U.S. trade agreements: other countries are bending under the heavy hand of an all-powerful Trump." But economists TPM spoke to suggest these agreements will end up harming everyone involved: foreign governments, the U.S. government, and…...