On Thursday, the House passed the Senate’s version of the overall budget framework that will help determine the outcome of the efforts by President Trump and Republican legislators to implement their plans for tax and spending reductions. It is a radical agenda that at the least, will add trillions of dollars to the national debt […]

The U.S. stock market reeled on Thursday in the wake of President Donald Trump’s unprecedented new tariffs on more than 60 countries around the world. Economists and investors spent the day trying to figure out what the impact of Trump’s plan is likely to be. While much uncertainty remains, the clear conclusion is that this […]

Steve Rattner joined Patrick Healy on the New York Times’  “The Opinions” podcast this week to weigh in on where US economy is headed under Trump’s tariffs.  The transcript has been lightly edited for length and clarity. Patrick Healy: I’m Patrick Healy, deputy editor of New York Times Opinion. And this is The First 100 […]

 President Donald Trump’s new tariffs sent markets into a tailspin, just the latest in a series of actions by his administration that have caused economists to raise their expectations for inflation and cut their projections for growth. A vast majority of economists believe tariffs are counterproductive and there is considerable historical evidence to support […]

The Federal Reserve left interest rates unchanged at its monthly meeting on Wednesday but behind that unsurprising and uneventful news lay some early signs that the chaotic and potentially detrimental policies of the Trump administration are beginning to take their toll. Four times a year, apart from its consideration of interest rate changes, the central […]