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US economy

A worker takes measurements of an aluminum beam on the factory floor at The Luxury Pergola, a company that manufactures aluminum pergolas, on, February 20, 2026, in Noblesville, Indiana. (AP Photo/Obed Lamy)
March 30, 2026, 10:05 pm
Iran blows hole in US aluminum supply chain with strikes on Gulf smelters
The US imports 60% of its aluminum annually, prompting concerns that strikes on aluminum facilities in the UAE, Bahrain could see supply‑chain risks turn into reality
By Tom Daly and Pratima Desai
US President Donald Trump addresses the audience during the annual meeting of the World Economic Forum in Davos, Switzerland, January 21, 2026. (AP Photo/ Evan Vucci)
January 21, 2026, 8:34 pm
Trump says he won’t use force to seize Greenland, but insists only US can defend it
US president calls for negotiations, says he would be ‘very appreciative’ if NATO allows him to take over Greenland, but if not, he warns, ‘We will remember’
By Josh Boak, Will Weissert and AAMER MADHANI
US President Donald Trump arrives to sign an executive order to boost coal mining and production in the United States, in the East Room of the White House on April 8, 2025, in Washington, DC. (SAUL LOEB / AFP)
April 9, 2025, 1:59 pm
Trump’s new tariffs take effect, spurring more carnage in global markets
With massive 104% duty on all Chinese imports and reciprocal tariffs on almost every country, US trade war causes stock indexes to tumble; economists fear recession
By Trevor Hunnicutt and Tom Westbrook
A man walks past a screen showing Chinese stock market movements at a securities company in Beijing on April 8, 2025. (GREG BAKER / AFP)
April 8, 2025, 10:42 pm
US issues 104% tariffs on all Chinese goods, says open to talks with other countries
Stocks dip after announcement, as Trump tariff regime ripples across global economy; China says trade war is ‘blackmail,’ will ‘fight to the end’
By Susan Heavey, Trevor Hunnicutt and Joe Cash
US President Donald Trump pumps his fist as he boards Air Force One before departing Miami International Airport, in Miami, Florida on April 3, 2025. Trump is travelling to his Mar-a-Lago Resort. (Mandel NGAN / AFP)
April 5, 2025, 7:11 pm
Trump tells Americans to ‘hang tough’ as markets crash, warns trade war ‘won’t be easy’
After tariff announcement leads to massive drop in global markets, president says US began an ‘economic revolution’ that it ‘will win,’ as world grapples with its effects
By AFP
This combination photo shows Republican presidential nominee former President Donald Trump at a campaign event in New York, Sept. 5, 2024, left, and Tesla and SpaceX CEO Elon Musk at the European Jewish Association's conference in Krakow, Poland, Jan. 22, 2024. (AP)
September 6, 2024, 10:07 am
Trump says he will tap Elon Musk to lead government efficiency commission if elected
US presidential candidate gives few details about how commission would operate, other than placing billionaire supporter at the helm
By Helen Coster and Gram Slattery
US President Joe Biden talks with reporters before boarding Marine One on the South Lawn of the White House in Washington, May 26, 2023. (Susan Walsh/AP)
May 28, 2023, 10:48 am
US debt-ceiling deal: What’s known so far about the agreement to avert default
Non-defense spending roughly flat in the 2024 fiscal year, full funding for veterans as per Biden’s proposed budget plan, changes to food stamp program
By KEVIN FREKING
Lights illuminate the US Capitol after House Speaker Kevin McCarthy announced that he and US President Joe Biden had reached an 'agreement in principle' to resolve the looming debt crisis on May 27, 2023, on Capitol Hill in Washington, DC. (AP Photo/Patrick Semansky)
May 28, 2023, 5:45 am
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
After extensive talks, president and House speaker reach compromise deal that may face opposition from both sides over concessions, as sides race to meet June 5 deadline
By LISA MASCARO, MARY CLARE JALONICK, Zeke Miller and KEVIN FREKING
US President Joe Biden talks with reporters on the South Lawn of the White House in Washington, May 26, 2023, as he heads to Camp David for the weekend. (AP Photo/Susan Walsh)
May 27, 2023, 8:24 am
Biden says US debt deal ‘very close’ as default deadline pushed to June 5
US president’s optimism comes despite work requirements for federal food aid recipients emerging as point of contention; Yellen warns of catastrophic consequences of failure to act
By MARY CLARE JALONICK, LISA MASCARO and FATIMA HUSSEIN
File: A pedestrian walks past a First Republic Bank in San Francisco on April 26, 2023. (AP Photo/Jeff Chiu)
May 1, 2023, 1:13 pm
US seizes assets of First Republic Bank, third to collapse in 2 months
JPMorgan Chase acquires bank’s assets, set to reopen branches under its name, after bank failed to recover from $100 billion loss in year’s first quarter
By Ken Sweet
US President Joe Biden speaks about the banking system in the Roosevelt Room of the White House in Washington, March 13, 2023. (AP Photo/Andrew Harnik)
March 13, 2023, 4:50 pm
Biden insists US banking system safe after collapse of 2 banks
As markets reopen, president says country’s financial systems are sound, taxpayers won’t bear the brunt after stunning breakdown of Silicon Valley Bank and Signature Bank
By Ken Sweet, CHRISTOPHER RUGABER, CHRIS MEGERIAN and Cathy Bussewitz
Workers help set up the Google booth at the Las Vegas Convention Center before the start of the CES tech show, January 2, 2023, in Las Vegas. (AP/John Locher)
January 20, 2023, 3:57 pm
Google announces 12,000 job cuts as tech industry layoffs spread
Firings come day after Microsoft says it will reduce staff in next few months, similar decisions by other prominent firms, as sector faces economic downturn
By AFP
President Joe Biden speaks outside Independence Hall, Thursday, September 1, 2022, in Philadelphia. (AP Photo/Matt Slocum, File)
September 15, 2022, 11:06 am
Poll: Biden’s approval rises but concerns over his handling of the economy remain 
Close to half of Democrats — 44% — are optimistic about the future, up from 27% in July; just 9% of Republicans are optimistic about nation’s direction
By Josh Boak and HANNAH FINGERHUT
US Senator Lindsey Graham arrives at the US Capitol for votes, September 29, 2021, in Washington. (AP Photo/Andrew Harnik)
September 30, 2021, 8:42 am
With Democrats split, US Senate set to vote on bid to avert government shutdown
Thursday vote kicks off critical days for Biden administration, with his party divided between centrists and leftists, GOP opposing any measures that enable massive spending bills
By Frankie TAGGART
Illustrative image: School buses lined up in the Williamsburg neighborhood of Brooklyn on April 24, 2019. (Johannes Eisele/AFP via Getty Images/JTA)
March 16, 2021, 9:13 am
Orthodox Jewish groups welcome $2.75b for private schools in COVID relief bundle
Following successful lobbying, US Senate Majority Leader Chuck Schumer includes aid in $1.9 trillion pandemic rescue package
By Andrew Silow-Carroll
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