economic

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News

Rep. Maxine Waters dubs Trump ‘The Grinch who stole Christmas’ over his economic policies

President Donald Trump has earned a new title from longtime political opponent U.S. Rep. Maxine Waters: “The Grinch who stole Christmas.” Waters, a Democratic veteran in Congress and the ranking member of the House Financial Services Committee, used the term to describe Trump and his economic policies, which she said are “squeezing” the pockets of American households. “During the Thanksgiving break, a lot of us heard the same thing from our constituents: buying the groceries for Thanksgiving dinner was much, […]

todayDecember 7, 2025

Economy

Black Workers Being ‘Played’ by Trump’s Economic Games – BlackPressUSA

By Stacy M. Brown  Black Press USA Newswire Senior National Correspondent   Fred Redmond, the highest-ranking African American in the history of the American labor movement, is sounding the alarm on what he calls a full-scale assault on Black workers under President Donald Trump’s second term. “Black unemployment has now surged—more than double the national average,” Redmond told Black Press USA. “For Black women in particular, it’s reached its highest level since 2021, and that’s likely to grow.” Today, Redmond’s […]

todayAugust 9, 2025 1

News

Trump invites Project 2025 author to present economic data after jobs report showing rising Black unemployment

President Donald Trump sought to demonstrate a robust U.S. economy at the White House on Thursday after last month’s labor report revealed a slowdown in job creation and the highest Black unemployment rate since the height of the COVID-19 pandemic. As reporters were lined up outside the White House to attend a scheduled East Room ceremony commemorating National Purple Heart Day, the White House pool was unexpectedly rushed into the Oval Office. Inside, Trump was joined by Stephen Moore, an […]

todayAugust 8, 2025

News

Rep. Ro Khanna tests economic agenda—and potential 2028 presidential run—with Black voters in South Carolina

U.S. Rep. Ro Khanna, D-Calif., traveled to South Carolina over the weekend to meet with Black leaders and voters as he engages with communities on economic policy. “We need a fresh economic vision for this party and it needs to center conversation with Black voters. We have not had enough conversations with Black voters about what we need to do to create good jobs in the 21st century in Black communities,” Khanna told theGrio. Referring to President Donald Trump‘s recently […]

todayJuly 22, 2025 2

News

‘Nothing will stop me’: Defiant Trump says voters ‘signed up’ for tariffs amid rising costs and economic slump

President Donald Trump is defiant as he marks more than 100 days in office amid frustrations over continued high costs and growing concerns about the health of the U.S. economy. During a recent interview with ABC News, President Trump was pressed on Americans feeling “anxiety” over higher costs due to his tariff policies. The businessman and 47th president of the United States disagreed that Americans who supported him in the 2024 election didn’t “sign up” for it. “Well, they did […]

todayApril 30, 2025

News

Trump’s comments on recession and stock market drop trigger economic worry for Black communities

After President Donald Trump refused to rule out a recession and the U.S. stock market saw its steepest decline this year to date, there are growing concerns about the health of the economy and the disproportionate impact an economic downturn would have on Black households. Despite promising to usher America into its “golden age” and that there would be an economic “boom like no other,” Trump appeared to temper expectations as rising costs continue to give American consumers whiplash, and […]

todayMarch 11, 2025

News

The latest inflation report shows that high prices are Trump’s major economic challenge

As a candidate last year, Donald Trump suggested he could easily conquer inflation and ease voters’ fears about the economy. “I will very quickly deflate,” he promised at a California rally. “We are going to take inflation, and we are going to deflate it. We are going to deflate inflation. We are going to defeat inflation. We’re going to knock the hell out of inflation.” Wednesday’s consumer price index report showed that inflation is punching back — and President Trump could end up […]

todayFebruary 13, 2025

News

Trump’s economic plans would worsen inflation, experts say

WASHINGTON (AP) — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Yet most mainstream economists say Trump’s policy proposals wouldn’t vanquish inflation. They’d make it worse. They warn that his plans to impose huge tariffs on imported goods, deport millions of migrant workers and demand a […]

todayOctober 16, 2024

News

Kamala Harris proposes a string of new economic policies

WASHINGTON (AP) — Vice President Kamala Harris is out with a string of new economic proposals focused on food prices, taxes, housing and medical costs that she says will empower the middle class. The plans constitute the first major policy proposals that Harris has released in the nearly four weeks since President Joe Biden bowed out of the race and endorsed his vice president. A look at what Harris is proposing: Food prices After years of polling showing that Americans are worried about inflation, Harris is aiming to […]

todayAugust 17, 2024