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Trump

U.S. turn toward Russia threatens deep economic ties with Europe

by Kai Ryssdal and Sarah Leeson
Feb 26, 2025
"NATO is one side of the coin. Economic ties are the other side of the coin," said Neil Irwin of Axios. "Both sides are tarnished right now."
On the third anniversary of the Russian invasion of Ukraine, members of the Congressional Ukraine Caucus criticized the administration's new cooperation with Russia.
Kent Nishimura/Getty Images
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National Debt

One consequence of government spending cuts? Lower GDP

by Justin Ho
Feb 26, 2025
Government spending is built into the formula for calculating GDP.
About 6% of GDP is made up of discretionary government spending at the federal level. So cuts to federal spending will translate to a lower GDP.
Kent Nishimura/Getty Images
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Trump's Second Term

Cuts to USAID hurt American agricultural research

by Nancy Marshall-Genzer
Feb 21, 2025
Funding for agriculture research at 17 labs at U.S. universities is now frozen. The labs are laying off workers, and some research is on hold.
Thierry Monasse/Getty Images
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Trump's Second Term

New Trump order takes aim at autonomy of independent agencies

by Kai Ryssdal and Sarah Leeson
Feb 19, 2025
White House seeks sway over FCC, FEC, FTC and some Fed operations. Politics professor Sarah Binder says it "grabs power from Congress."
President Trump signs an executive order Tuesday meant to expand White House control over independent agencies.
Joe Raedle/Getty Images
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Amid Trump's calls to "drill, baby, drill," OPEC+ meets Monday to decide how it will respond

by Caleigh Wells
Jan 31, 2025
And the oil cartel may well decide to just wait and see what happens in the U.S.
The message from Trump might be to "drill, baby, drill," but the message the market is sending to domestic producers is entirely different.
Brandon Bell/Getty Images
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Trump's Second Term

After a flurry of panic, White House narrows IRA funding restrictions in prior executive order

by Kimberly Adams
Jan 22, 2025
The Office of Management and Budget clarified that the EO limits disbursements for climate-related projects, like EV charger infrastructure. Other funding can keep flowing, if agencies check in first.
Trump's vague executive order caused chaos in the Federal Highway Administration; the office shut down disbursements for things like road and bridge work, out of an abundance of caution that the order applied to them.
Matt McClain/The Washington Post via Getty Images
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Trump's Second Term

Trump wants oil firms to "drill, baby, drill." But their investors are in the mood for something else.

by Henry Epp
Jan 21, 2025
They've been ponying up cash for years. Now they want dividends.
Right now, Trump's deregulation won't change much — oil is just too cheap to justify drilling more wells right now.
Mario Tama/Getty Images
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How politics could derail the world economy in 2025

by David Brancaccio and Alex Schroeder
Jan 10, 2025
Ian Bremmer of the Eurasia Group says a volatile Mideast, Russian disruption and a strained U.S.-China relationship could all prove harmful.
cbarnesphotography/Getty Images
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Trump's Second Term

Chinese importers of American goods brace themselves for further tariffs

by Jennifer Pak
Dec 19, 2024
President-elect Donald Trump says he will place an extra 10% tariff on all Chinese exports. China is expected to counter with tariffs on U.S. exports.
Last month, President-elect Donald Trump said he would impose an additional 10% tariff on all Chinese exports.
Anna Moneymaker/Getty Images
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Lost doge: A crypto millionaire finds his way back after Trump victory, but might pay dearly

by Matt Levin
Dec 10, 2024
Glauber Contessoto might be the biggest dogecoin evangelist not named Elon Musk. He's got one big worry now.
Glauber Contessoto (left) poses at the premiere of a film about dogecoin at the 2023 Tribeca Film Festival.
Jamie McCarthy/Getty Images for Tribeca Festival
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