As the controversial White House tax plan nears a Congressional vote, Treasury Secretary Steven Mnuchin warns that the stock market may see a significant drop should the plan fail to pass. The economic fallout of a stock market downturn could impact jobs across the U.S.
Imports Continuing to Become Expensive for Americans Import prices are continuing to go up as both fuel and non-fuel imports become increasingly expensive for Americans. According to the latest data by the U.S. Department of Commerce, import prices shot up 0.7% in September, posting their largest monthly increase since June 2016. On the trailing 12-month (more…)
Despite what is being tagged as a boon to taxpayers, the recent executive order from President Donald Trump may, in fact, end up costing taxpayers nearly $200.0 billion over the next decade, hike premiums, reduce healthcare outcomes, and potentially cripple the Affordable Care Act, a.k.a “Obamacare.”
The political divide in the U.S. remains as entrenched as ever. In addition to falling approval ratings, it also appears as though President Donald Trump now has to share the spotlight with previous President Barack Obama when it comes to the current state of the U.S. economy.
Americans are virtually evenly split on whether or not they trust the government to handle international problems. A slight majority, 52%, say they trust the federal government to handle foreign problems. This is the first time the figure has been in the majority in five years.
American Government Owes More than Any Other Country in the World Fears of default may have temporarily subsided after President Donald Trump raised the debt ceiling until December, but uncertainty continues to haunt the markets as investors worry about America’s growing debt problem.
More and more Americans think the U.S. is heading in the wrong direction. For the week ended September 14, 62% of American voters think the country is heading down the wrong track. That’s up three percentage points from the 59% that said the same thing during the week ending September 7.
When it comes to political and economic stability, most Americans don’t trust Trump. A slim majority of Americans do not trust President Donald Trump to handle the ongoing conflict with North Korea.
In the run-up to the November 2017 election, Donald Trump said he was going to “drain the swamp” in Washington if elected President. It’s been eight months since Trump’s ascension and the American public is still not happy with the way the country is being governed.
Continued gridlock in Washington means that immigration reform is unlikely. President Donald Trump has given Congress six months to come up with an immigration reform package if it wants to continue protecting 800,000 immigrants brought into the U.S. illegally as children. But most Americans think that won’t happen.