American economy

The White House is making its second attempt to remove Lisa Cook from the Federal Reserve Board of Governors, and this time they're doing it the way the Supreme Court says they should. Whether you think that's justice delayed or bureaucracy run amok probably depends on where you sit, but one thing's certain: this saga tells us everything about how our government actually works … [Read more...] about Trump Takes Another Swing at Fed Governor Lisa Cook and This Time He’s Playing by the Rules

The July jobs report reads like a riddle wrapped in bureaucratic doublespeak, and if you're confused, you should be. The economy shed 23,000 jobs last month. You read that right. Negative growth. Yet somehow unemployment fell to 4.1 percent, and we're all supposed to nod along like this makes perfect sense. Not a single economist surveyed by Econoday predicted negative job … [Read more...] about America Lost Jobs in July While Washington Pretends Everything’s Fine

Scott Bessent stood in Arizona last Thursday and told a room full of community bankers something they probably didn't expect to hear from a Treasury Secretary. He wants them to start thinking about illegal immigration every time someone walks through their doors asking for a loan. This isn't about turning bank tellers into border patrol agents. Bessent was careful about that. … [Read more...] about Treasury Secretary Turns Community Banks Into Immigration Enforcement Partners

Michigan House Speaker Matt Hall isn't mincing words about what he sees as a classic bait and switch. The Republican leader says his colleagues approved what they thought was a maternal health program, only to watch it morph into something entirely different. Now he's demanding answers about Rx Kids, a state initiative that's burning through more than $300 million in taxpayer … [Read more...] about Rx Kids Program Under Fire as Michigan GOP Claims Bait and Switch on Taxpayer Funds

Michigan Democrats just handed their nomination to Joanna Whaley, a hospital chaplain who lives as a woman despite being biologically male. Whaley grabbed 56 percent of the vote against Frank Liberati's 34 percent in House District 2's primary this Tuesday. Come November, Whaley faces Republican Ron Kokinda in what insiders are calling a reliably blue district. Here's where it … [Read more...] about Hospital Chaplain Claiming Trans Identity Wins Primary After Legal Name Controversy