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Economic News

Dick Morris to Newsmax: $27 Billion Surplus Shows Trump's Tariffs Work

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12 July 2025
The news that the U.S. Treasury Department posted a budget surplus of $27 billion for the month of June proves that President Donald Trump is correct about his tariffs, Dick Morris, an adviser to the president, said on Newsmax on Saturday.
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Grover Norquist to Newsmax: 'Tariffs Are Taxes'

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12 July 2025
Grover Norquist, the president of Americans for Tax Reform, told Newsmax on Saturday that he agrees with the controversial viewpoint that tariffs are taxes, but he also said that they are useful tools when used strategically to negotiate better trade agreements.
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Treasury posts unexpected surplus in June as tariff receipts surge

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11 July 2025
Last month saw a surplus of a little more than $27 billion, following a $316 billion deficit in May.
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Trump Rips Fed Chair Powell: 'Terrible Job'

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11 July 2025
President Donald Trump continued his criticism of Federal Reserve Chair Jerome Powell for not lowering interest rates. "He's doing a terrible job," Trump said of Powell to reporters outside the White House Friday.
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One-Party City and State Make Mamdani's Threat Worse

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11 July 2025
Aren't there legal guardrails to limit what an irresponsible New York City mayor — even a crazed socialist one — can do?
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Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates

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11 July 2025
U.S. President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, over the country's role in fentanyl flow, retaliatory tariffs.
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  1. Trump announces 35% tariffs on Canada starting Aug. 1
  2. Nationwide Injunctions Obliterated in Massive Blow to Liberal Judges
  3. Education Dept Ending Free Tuition for Illegal Immigrants
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