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bloomberg.com • • bsky.app

President Trump touted his economic policies as bringing a manufacturing boom to Georgia as he sought to rally voters in a state hosting a crucial US Senate race in November’s midterm election

President Trump touted his economic policies as bringing a manufacturing boom to Georgia as he sought to rally voters in a state hosting a crucial US Senate race in November’s midterm election
bloomberg.com • • bsky.app

The Fed raised rates by a quarter percentage point and penciled in an additional hike later this year

The Fed raised rates by a quarter percentage point and penciled in an additional hike later this year
cnn.com • • bsky.app

Democratic Reps. Emanuel Cleaver and Juan Vargas questioned Treasury Secretary Scott Bessent during a hearing before the House Financial Services Committee about the $5,000 checks President Donald Trump has pledged to send Americans if Republicans retain control of Congress.

Democratic Reps. Emanuel Cleaver and Juan Vargas questioned Treasury Secretary Scott Bessent during a hearing before the House Financial Services Committee about the $5,000 checks President Donald Trump has pledged to send Americans if Republicans retain control of Congress.
bloomberg.com • • bsky.app

White House National Economic Council Director Kevin Hassett played down concerns that President Donald Trump’s proposal to send $5,000 checks to every adult US citizen would add to worries about historically high government borrowing.

White House National Economic Council Director Kevin Hassett played down concerns that President Donald Trump’s proposal to send $5,000 checks to every adult US citizen would add to worries about historically high government borrowing.
• theguardian.com

Trump’s promise of $5,000 ‘dividend’ for US citizens after midterms met with incredulity

Critics call bid for Republican votes ‘bribery’ and point to potential $1.2tn cost added to existing national debt

Donald Trump’s promise of a $5,000 “Trump dividend” for every US citizen if Republicans retain control of the US Congress in November’s midterm elections has sparked incredulity and accusations of bribery.

“If the Republicans win, you win with us and you get $5,000,” Trump said during the unprecedented Republican midterm convention in Dallas. “It will be called the Trump dividend.”

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Trump’s promise of $5,000 ‘dividend’ for US citizens after midterms met with incredulity
wsj.com • • bsky.app

Trump capped off the first day of the GOP's midterm convention with a pledge to pay American adults $5,000 if the Republicans win in November. The party sought to paint Democrats as radical and out of touch with voters, though at times struggled to come up with a unified message on the economy.

Trump capped off the first day of the GOP's midterm convention with a pledge to pay American adults $5,000 if the Republicans win in November. The party sought to paint Democrats as radical and out of touch with voters, though at times struggled to come up with a unified message on the economy.
• nytimes.com

What’s More Than ‘Maximum’? Trump Faces Limits on Iran Sanctions.

President Trump’s “Economic D-Day” is intended to break the stalemate with Iran. But decades of sanctions have done little to change the country’s behavior.
• nytimes.com

Fed Official Urges Caution on Rate Cuts as Iran War Drags On

Christopher J. Waller, a Federal Reserve governor, said he would support rate cuts later this year if the labor market continued to weaken.
• nytimes.com

Trump Renews Demand for Rate Cuts as Fed Grapples With War in Iran

Oil prices are soaring, threatening a wider problem with inflation, but the president has insisted that borrowing costs must be lowered.