By Robert Romano If Congress does nothing — by that, it is meant does not make any changes to existing law — and the $36.2 trillion national debt will spiral up to close to $53 trillion by 2034, according to a 2024 estimate by the White House Office of Management and Budget (OMB) . That’s another $17 trillion, and optimistically assumes no wars or recessions. This […]

By Robert Romano The 1977 International Emergency Economic Powers Act (IEEPA) “defines the international emergency economic authorities available to the President in the circumstances specified in section 202. This grant of authorities basically parallels 15 section 5(b) of the Trading With the Enemy Act.” That was a 1977 House Report on the adoption of the IEEPA that was […]

By Robert Romano The U.S. Court for International Trade on May 28 struck down President Donald Trump’s national trade emergency, the reciprocal tariffs he put into effect on April 2 and other tariffs in 2025 including those seeking foreign assist to repel the fentanyl trade, throwing the subsequent tariff negotiations with the United Kingdom, China, India, Japan, South Korea […]

By Robert Romano 51 percent of Americans say the U.S. economy is “strong” for the first time since July 2021, according to the latest Harvard-Harris poll taken May 12-15 . That was about the time that inflation had crossed over 5 percent in former President Joe Biden’s first year in office, and the time when Biden’s […]

By Robert Romano For the second consecutive month, both consumer and producer prices slowed down, according to data compiled by the Bureau of Labor Statistics, to 2.3 percent and 2.4 percent annually in April, respectively. This despite President Donald Trump’s levying of tariffs since the beginning of his second […]

By Robert Romano The annual consumer inflation rate for April slowed down to 2.3 percent, the lowest since February 2021 , according to the latest data compiled by the Bureau of Labor Statistics, despite the imposition of reciprocal tariffs by President Donald Trump on April 2 that all of Washington, D.C.’s experts arrogantly projected would increase prices. […]

By Robert Romano The Bank Of England cut its interest rate on May 8 by 0.25 percent to 4.25 percent. The Bank of China cut its rate on May 6 by 0.1 percent from 1.5 percent to 1.4 percent. The European Central bank cut its rate on April 16 by 0.25 percent to 4.25 percent. The Bank of Korea cut its rate on Feb. 25 by 0.25 percent to 2.75 percent. All […]

By Robert Romano President Donald Trump and United Kingdom (UK) Prime Minister Keir Starmer have concluded a reciprocal trade agreement between the U.S. and the UK on May 8, the first big deal since the President’s announcement of reciprocal tariffs on April 2, without which the agreement would have never happened. Like other trade deals including the […]

By Manzanita Miller President Donald Trump’s America First economic agenda includes lowering taxes, encouraging a revitalized U.S. manufacturing sector, and importantly, using tariffs to correct exploitative trade practices that enrich other nations at the expense of Americans.    The American people are well aware that the United […]

By Robert Romano The latest weekly jobless claims reported by the Department of Labor are a reminder for Congress to extend the 2017 Trump tax cuts and then some. In perhaps another sign that the economic cycle could be turning and that we are past peak employment, initial weekly unemployment claims increased 241,000 (18,000 more than the […]