Some of Donald Trump’s own supporters seem fed up with what they see as his weak grasp of economic reality. The president, 79, faced backlash Sunday after flaunting the grand entrance to his sprawling Mar-a-Lago estate in a Social Truth post—just days after a dismal jobs report and amid an affordability crisis. “The entrance to … Read more
On Wednesday, January 7, US Treasury Secretary Scott Bessent addressed a major headwind for the US auto industry — affordability — saying the administration is working on a significant tax cut that could help many buyers. The move is surprising, as President Donald Trump recently called the US affordability crisis a hoax. Still, Bessent’s comments … Read more
As President Donald Trump struggles to address Americans’ growing concerns about affordability, he’s gotten some sympathy from one of former President Barack Obama’s top economists. Jason Furman, a professor at the Harvard Kennedy School of Government and former president of the Council of Economic Advisers under Obama, said CNBCWednesday’s “Squawk Box” pessimistic consumers ignored gas … Read more