Ex-Treasury official says Trump's economic policies set to pay off this year
Michael Faulkender, former deputy secretary of the U.S. Department of Treasury, says Trump's Big Beautiful Bill Act and energy policies will boost the economy in 2026.
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Widening K-shaped economy pattern across income groups
Bank of America data reveals a stark K-shaped economy as higher-income Americans spend 2.6% more while lower-income households manage just 0.6% growth.
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Trump administration scales back proposed tariffs on Italian pasta makers following review
The U.S. backed down on proposed tariffs threatening some Italian pasta makers, slashing duties from up to 92% to as low as 2.26% after preliminary review.
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