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When President Trump came into office, he promised to fuel an economic boom with a magic bullet: tariffs. They’re taxes added to a wide range of imports. And money is coming in, more than $30 billion a month so far. Eight months into Trump’s second term, it’s unclear what the larger impact of these tariffs will have on the economy. Despite that, the president keeps promising to roll out new ones. NPR’s chief economics correspondent Scott Horsley explains. 🔔 Subscribe on YouTube and never miss an episode🎧 Prefer audio? Listen anywhere you find podcasts❤️ Get sponsor-free episodes Source link

Many Americans are eager to put money away for retirement, but that goal is increasingly out of reach because more workers are living paycheck to paycheck, a new Goldman Sachs study finds.Roughly 42% of younger working Americans — spanning Gen Z, millennials and Gen X — report having no spare savings after covering their basic living expenses, according to the analysis, which surveyed about 3,600 workers and 1,500 retirees. Among those just getting by, about three-quarters said they are struggling to save for retirement, the survey found. The share of U.S. workers in this precarious financial position has grown significantly since…

Economy / Hiding in Plain Sight / October 1, 2025 On the brink of a potentially devastating government shutdown, Trump spent his day with Pete Hegseth haranguing generals at a summit that should’ve been an e-mail. Ad Policy President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, on September 30, 2025.(Francis Chung / Politico / Bloomberg via Getty Images) As I write this, the US government is in the early stages of another shutdown, this one triggered by the Republicans’ refusal to budge on funding…

Citing the 9/11 attacks and other threats, a U.S. judge on Wednesday blocked the federal government from diverting or withdrawing $34 million in funding to protect New York’s transportation system from terrorist attacks.Judge Lewis A. Kaplan said the state of New York will “quite likely” be able to prove its claims that the money would be improperly diverted because the Trump administration wanted to punish New York for not cooperating with its massive deportation program.The state sued the Department of Homeland Security and the Federal Emergency Management Agency on Tuesday, noting that the Sept. 11, 2001, terror attacks let to…

An Idaho state judge is blocking the release of some graphic photos taken by investigators after Bryan Kohberger killed four University of Idaho students in 2022, ruling that the release would cause “extreme emotional distress” for the victims’ families and that it “outweighs the public’s interest in how the investigation was conducted or the scrutiny upon government action.” Second District Judge Megan Marshall made the ruling Wednesday, saying the dissemination of “incredibly disturbing” photos across the internet — where the victims’ families might inadvertently see them — is an unwarranted invasion of personal privacy.She ordered the city of Moscow to black…

Lucia Graves says her family can afford to eat healthier because of WIC benefits for her daughter and stepdaughter. Courtesy of Lucia Graves hide caption toggle caption Courtesy of Lucia Graves The federal shutdown won’t impact benefits from major programs such as Medicare, Medicaid and Social Security. But one of the first things that could get hit is the nutrition assistance that many pregnant women and new parents depend on. It’s been crucial for Lucia Graves, who found out she was pregnant back in March 2020, just days before the world shut down for the Covid-19 pandemic. She was a…

One of the main lines of attack the White House and Republican lawmakers have leveled against Democrats amid the government shutdown is the claim that Democratic lawmakers want to give immigrants in the U.S. illegally free healthcare — which Democrats deny. “Democrats are holding the American government HOSTAGE so they can give FREE health care to ILLEGAL ALIENS,” House Speaker Mike Johnson, a Republican from Louisiana, said on social media Wednesday.Meanwhile, Vice President JD Vance accused Democrats of wanting to “take from the American people in order to give taxpayer-funded healthcare to illegal immigrants.”Trump administration officials and Republican lawmakers have pointed…

Politics / October 1, 2025 In 2009, Republicans falsely claimed that the Affordable Care Act would benefit undocumented immigrants. They’re still peddling the same bullshit. Ad Policy Representative Joe Wilson shouts out “You lie!” during President Barack Obama’s address to a Joint Session of Congress concerning healthcare on September 9, 2009.(Melina Mara / The Washington Post via Getty Images) Late Monday, with the deadline for a government shutdown just two days off, congressional leaders met with President Donald Trump to try to reach some workable consensus to move ahead on a continuing resolution to fund the government. The sticking point…

Watch CBS News Federal workers face furlough as gridlock in Congress grinds on; Kids get new school lunch menu overhauled by professional chefs Source link

Washington — The Trump administration said Wednesday it is freezing roughly $18 billion in federal funding for a pair of New York City infrastructure projects, targeting the home state of both Democratic congressional leaders on the first day of the government shutdown.Russ Vought, head of the White House Office of Management and Budget, announced the freeze in a post on X, saying funding for the Hudson Tunnel Project and Second Avenue Subway would be halted pending a review that will be delayed due to furloughs during the funding lapse.New York is home to both Senate Minority Leader Chuck Schumer and…