economy

Republican lawmakers cheered on President Donald Trump and his economic policies as the US Bureau of Labor Statistics (LBS) reported shrinking inflation for May.  LBS measured smaller growth in the Consumer Price Index (CPI), which increased 0.1 percent on a seasonally adjusted basis in May, after rising 0.2 percent in April.  The decrease from 0.2 […]

The ‘penny’ coin has been in circulation for nearly as long as the US’s existence and is worth one cent.  Penny production has long sparked intense debate as lawmakers have quarreled over the coin’s benefits. Producing pennies costs more than they are worth, as each one costs over three cents.  Recently, Senators Mike Lee (R-UT) […]

Houthi terrorists continue threatening Israel’s civilian population with daily missile attacks, the latest of which occurred within the last 24 hours.  The Israeli Defense Forces (IDF) reported “projectile fire from Yemen” that could have impacted dozens of civilian areas.  The Houthis’ latest attacks on Israel follow recently signed agreements with the US to cease attacks […]

Congressman Byron Donalds (R-FL) recently spoke to Florida business leaders at an exclusive event of the Economic Club of Miami.  During the event, which featured dozens of CEOs, venture capitalists, tech pioneers, and other business leaders, Donalds shared his vision for Florida’s economy and the economic policies he would pursue were he elected as Florida’s […]

President Donald Trump recently announced plans to sign an executive order that will peg the price of medical drugs to that of the country with the lowest price in the world.  In a Truth Social post, President Trump explained that his initiative would cut medical drug prices by 30% to 80%. The US has a […]

Publicly available commercial shipping data demonstrates Red Sea shipping increased following President Donald Trump’s November 2024 election.  Red Sea shipping dramatically decreased after the Houthis, an Iran-backed Yemeni terror group, began targeting US, Israeli, and allies' ships since Hamas’ October 7th, 2023, attacks.  Houthi forces have orchestrated drone and missile attacks against US military and […]

President Donald Trump’s administration has announced the establishment of a US-Ukraine Reconstruction Investment Fund, expanding the US and Ukraine’s economic partnerships.  The Treasury Department announced the fund's creation, laying the groundwork for future US-Ukraine economic cooperation, including potential natural resources, military, and energy transactions.  Treasury Secretary Scott Bessent thanked President Trump and claimed the fund’s […]

President Donald Trump’s cabinet members are increasing public pressure on China as trade negotiations over bilateral tariffs unfold. President Trump recently announced he was raising tariffs on imports from China to 125% “effective immediately.” Trump and many Republicans have argued that China engages in deceptive trade practices to unfairly attract trade to their shores, harming […]

President Donald Trump recently signed an executive order to boost the US’ offshore mining capabilities.  The order seeks to unleash the US’s competitiveness in the burgeoning offshore mining industry, which China currently leads.  Offshore or ‘deep-sea’ mining is the extraction of critical minerals from the ocean floor.  Critical minerals are used to produce myriad technological […]

President Donald Trump continues pressuring Iran amidst ongoing negotiations over the latter’s nuclear weapons development programs.  President Trump recently began negotiations with Iran to halt their development of nuclear weapons. The negotiations began as Trump directed the White House to execute a “maximum pressure” campaign against Iran. Since then, the Trump administration has leveraged American […]

WASHINGTON–Representative Mario Diaz-Balart spoke to The Floridian about President Donald Trump's (R) tariff policies. The Florida congressman raved about the tariffs that the President has instituted, including both those on Canada and China, an ally and an adversary, respectively. Rep. Diaz-Balart began by accepting that the stock market did take an early hit, but it was […]

President Donald Trump recently announced he was raising tariffs on imports from China to 125% “effective immediately.” The announcement comes as a diplomatic and economic row between the world’s two largest economies deepens.  Trump and many Republicans have argued China engages in deceptive trade practices to unfairly attract trade to their shores, harming the US […]

President Donald Trump recently signed an executive order designed to bolster the coal industry. Conservatives had long claimed burdensome permit requirements, regulations, and undue fiscal pressure were unjustly hindering the coal industry.  Environmental Protection Agency Administrator Lee Zeldin commended the executive order, claiming it will “unleash American energy.” “Under President Trump, we will unleash energy […]

Trade negotiations between the US and China are teetering as President Donald Trump recently threatened China with expanding tariffs lest the latter rescind its plans to increase their own tariffs on US goods. President Trump levied a baseline 10% tariff on all imports entering the US with additional tariffs for countries that the White House […]

Countries are rapidly responding to President Donald Trump’s recently imposed tariffs, with some pledging to retaliate and others seeking to plead with the US and reach reciprocal agreements to lower tariffs.  President Trump levied a baseline 10% tariff on all imports entering the US with additional tariffs for countries that the White House assesses are […]

President Donald Trump recently unveiled a list of tariffs to be imposed on all imports coming into American markets during a celebration themed ‘liberation day.’ President Trump has lauded tariffs as a tool for negotiation, revenue gathering, and national security enforcement, and has called tariffs “the most beautiful word in the dictionary.” Now, Trump is […]

Governor Ron DeSantis announced in a press release on Monday that Florida's labor force surpassed 11.5 million in January, coupled with strong gains in manufacturing where the state reached 430,800 jobs. Ron DeSantis also revealed Florida's economy was stronger than previously estimated. According to the U.S. Bureau of Labor Statistics (BLS), the state's labor force […]

Senate Minority Leader Chuck Schumer (D-NY) addressed the upper chamber and publicly declared his intention to vote for the Republican-sponsored continuing resolution (CR). If a spending bill or CR is not passed, the government will shut down at midnight on Friday, March 14. Republicans in the House (almost entirely along party lines) passed a continuing […]