Social Security COLA for 2026 Projected at 2.4%, Lowest in Five Years WASHINGTON, D.C., May 14, 2025 – The Social Security cost-of-living adjustment (COLA) for 2026 is projected to be 2.4%, according to the latest estimate from The Senior Citizens League (TSCL), a nonpartisan senior advocacy group. This forecast, based on April 2025 Consumer Price … Read more
U.S.-China Tariff Truce Marks Step Towards Strategic Decoupling, Says Treasury Secretary Bessent Washington, D.C., Could 13, 2025 – U.S. Treasury Secretary Scott Bessent hailed the U.S.-China commerce settlement, introduced on Could 12, 2025, as a major step within the “strategic decoupling” of the U.S. financial system from reliance on Chinese language imports for important items. … Read more
Trump Official Confirms 10% Baseline Tariffs to Persist, Echoing World Requires Stability Might 11, 2025 — Howard Lutnick, U.S. Secretary of Commerce, affirmed on CNN’s State of the Union with Dana Bash that President Donald Trump’s 10% baseline tariff on imports from practically all buying and selling companions will stay “in place for the foreseeable … Read more
April 18, 2025 Detroit, MI – U.S. vehicle inventories are collapsing as consumers flood dealerships to beat President Donald Trump’s 25% tariffs on imported cars, effective April 3, 2025, which threaten $3,000–$6,000 price hikes, per CNBC (web:0). New vehicle supply fell from 91 days in March to 70 days by April 16, with used cars … Read more
Watch Fed Chair Jerome Powell Speak Live on Interest Rates and Tariffs Amid Economic Turmoil April 7, 2025 — Federal Reserve Chair Jerome Powell is set to address the nation today, Monday, April 7, at 10:00 a.m. PDT, delivering critical remarks on interest rates and the fallout from President Donald Trump’s sweeping tariffs. The live … Read more
Stock Market Crash Not Part of Trump’s Economic Plan, Advisors Clarify Washington, D.C. – Amid growing market volatility and concerns over former President Donald Trump’s proposed economic policies, his campaign advisors have firmly dismissed speculation that a stock market crash is part of his strategy, calling such claims “baseless fearmongering.” Market Jitters Over Trump’s Policy Proposals Recent … Read more
Washington, D.C. – June 10, 2024 – Former President Donald Trump’s proposal to impose sweeping 10% across-the-board tariffs on all U.S. imports has drawn sharp criticism from economists, who argue that the policy would inflate costs for consumers, disrupt supply chains, and potentially trigger retaliatory trade wars—with little benefit to American workers. Trump’s Tariff Plan: A “Blunt Instrument” in … Read more
BREAKING NEWS Mortgage Rates Tumble Amid Tariff Easing, But Housing Affordability Crisis Persists June 10, 2024 In a surprising shift, U.S. mortgage rates have dropped sharply this week, hitting their lowest level in months as global trade tensions ease. The average 30-year fixed-rate mortgage fell to 6.2%, down from 6.8% just four weeks ago, according … Read more
Washington, D.C., April 3, 2025 – President Donald Trump’s sweeping “reciprocal tariffs,” signed into effect on April 2, have cast a wide net, targeting over 180 countries and territories with a baseline 10% duty and steeper levies for some. While major economies like China (54%) and the EU (20%) dominate headlines, the tariff list includes … Read more
GM and Stellantis Shares Fall After Trump’s Auto Tariff Announcement Stock prices for General Motors (GM) and Stellantis take a significant dip following former President Trump’s recent proposal to impose tariffs on foreign-made vehicles, sparking concern among industry analysts and investors. Shares of General Motors (GM) and Stellantis plummeted in the wake of former President … Read more