Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
NASA Administrator Defends Trump’s Proposed Budget Cuts
The $18.8 billion proposal represents a $5.6 billion reduction from 2026 levels, cutting science programs and HBCU initiatives.
Federal Government Rushing Toward AI Adoption Amid Cost and Oversight Concerns
ProPublica investigation finds agencies face hidden costs, while the program designed to vet cloud security operates with minimal staff.
America Is Heading for a Recession — and It May Be the Worst Yet
Economic analysts warn that structural challenges including AI displacement and middle-class fragility could amplify the impact of any downturn
Polymarket Apologizes after Allowing Wagers on Fate of U.S. Pilots Downed Over Iran
Prediction market platform removed betting market after criticism from Rep. Seth Moulton, who noted 219 war-related bets remain active on the platform.
Budget Cuts Won't Fix Antisemitism — and They're Hurting Higher Education
The Trump administration's funding reductions to universities have drawn criticism from both sides of the political spectrum, with critics arguing the cuts fail to address campus antisemitism while damaging scientific research.
U.S. Tomahawks Deployed in Iran Conflict Exceed Annual Procurement Rate
Over 850 missiles used so far, roughly nine times the Pentagon's average yearly Tomahawk purchases.
Philadelphia Fed President Anna Paulson Says Iran War Is Creating Real Pressure on U.S. Economy
Anna Paulson, president of the Federal Reserve Bank of Philadelphia, warned that escalating tensions in the Middle East are adding new headwinds to an economy already navigating elevated inflation and interest rates.
Congress Weighs Federal Regulation as Prediction Market Apps Blur Line With Sports Betting
Lawmakers debate whether markets allowing bets on politics, sports and global events need stricter federal oversight
House Democrat Bans Staff From Betting on Prediction Markets, Citing Ethics Concerns
Rep. Seth Moulton becomes first member of Congress to prohibit staffers from trading on Polymarket, Kalshi and similar platforms.
House Budget Chairman Outlines Path to Pay for Iran Military Campaign Through Reconciliation
Arrington says second GOP-only budget package would offset defense costs with anti-fraud provisions, as Trump administration considers $200 billion war request