Heres the Biggest Economic Threat from Trumps Planned Immigration Crackdown According to Goldman Sachs
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How the Immigration Crackdown Threatens Elderly Care
The U.S. relies heavily on immigrant workers to care for its aging population, with nearly 30 percent of direct care workers coming from other countries. As the demand for caregivers grows, ...The New York Times - 4d -
Blackstone and Goldman Sachs CEOs see upsides to Trump’s policies
Comments from Wall Street bosses come as president’s import tariffs fuel US recession fearsFinancial Times - 1d -
How Lead Bank CEO Jackie Reses rose from 'a pretty gritty childhood' to Goldman Sachs, Square and top of U.S. fintech
Lead Bank CEO Jacqueline Reses says her independent life started at age 14, and she's never looked back, from early days at Goldman Sachs to the top of fintech.CNBC - 1d -
Goldman Sachs CEO: Business community 'understands' what Trump is trying to do with tariffs
Goldman Sachs CEO David Solomon said that the business community “understands” what President Trump is trying to do with levies on various goods, even though they want "lower tariffs everywhere.” ...The Hill - 1d -
Trump immigration crackdown enters new waters with arrest of Mahmoud Khalil
The arrest of a Columbia University graduate marks a significant escalation in President Trump's immigration crackdown, with a lawful permanent resident who has not been charged with any crime now ...The Hill - 2d -
Trump’s Policies Have Shaken a Once-Solid Economic Outlook
Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.The New York Times - 4d -
60 percent oppose Trump plan to close Education Department: Survey
A majority of voters are against President Trump’s plans to close the Education Department, according to a new poll from Quinnipiac University. The survey released Thursday found 60 percent of ...The Hill - 16h -
Trump’s Immigration Crackdown Could Disrupt St. Louis’s Growth Strategy
Shrinking cities have tried to stabilize their populations with foreign-born residents. The strategy was working, until the inauguration.The New York Times - 3d -
S&P 500 falls further, down 10% from all-time high, as mood sours on Trump's tariff threats
The economic chaos unleashed by President Donald Trump has pushed the S&P 500 into a correction.NBC News - 16h -
Trump preparing to invoke 1798 wartime law for Guantánamo deportations
President Trump is planning to use a wartime law from 1798 to help carry out deportations to Guantánamo Bay, according to multiple U.S. officials familiar with the plan. CBS News immigration and ...CBS News - 12h -
Dark economic clouds loom over Trump and the GOP: From the Politics Desk
President Donald Trump’s economic approach is putting members of his administration and Republicans in Congress on the defensive as the stock market continues to struggleNBC News - 11h -
Americans should ‘absolutely not’ brace for recession despite bank warnings: Commerce secretary
In an exclusive interview with Meet the Press, Commerce Sec. Howard Lutnick says Americans should “absolutely not” brace for a recession amid warning signs from major banks like JP Morgan and ...NBC News - 4d -
Trump, Ontario ease tariff threats
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump nixes plans for tariffs on Canadian steel President Trump scrapped plans ...The Hill - 2d -
Can Trump's tariff threats have an economic impact before they're imposed?
President Trump is threatening to put new tariffs on European alcohol. Meanwhile, Commerce Secretary Howard Lutnick held talks with Canada's finance minister and Ontario's premiere on the tariff ...CBS News - 11h -
Trump retreats from 50% tariffs on Canadian metals. Here’s what comes next.
President Donald Trump on Tuesday backed off a 50% tariff on imports of Canadian steel and aluminum, ratcheting down a threat against a major U.S. trading partner on another day of whiplash for ...MarketWatch - 2d -
Europe's response to the threat from Trump
Post-war security and trade framework crumbles under new US leadershipFinancial Times - 1d -
Trump Expands Trade Threats in Global Game of Chicken
Trade wars with allies could spiral as the president tries to get trading partners to back down from retaliation with new threats of his own.The New York Times - 12h -
Trump is targeting China-made containerships in new flank of global economic war on the oceans
China dominates shipbuilding for the ocean freight market, and President Trump has plans to exact economic punishment to bring the business back to the U.S.CNBC - 2d -
Trump deported fewer people last month than Biden a year ago, but border crossings have plummeted
NBC News obtained data that provides early indications on how the Trump administration is delivering on promises it made about the immigration crackdown.NBC News - 3d -
Trump's economic troubles put Republicans on the defensive
President Donald Trump's full-speed-ahead approach to making radical change has forced his allies to fight from a defensive posture.NBC News - 1d -
‘Baby jails’ and first steps behind bars: Trump’s immigration agenda embraces family detention again
As the US ramps up enforcement, scenes of family separation and despair from Trump’s first term are repeated. The United States has resumed placing immigrant families in detention, re-embracing ...The Guardian - 1d -
Champagne and Parmigiano under threat from Trump’s tariffs
Producers warn Europe’s finest foods and wine could become unaffordable for ordinary US consumersFinancial Times - 4d -
Here's what is in the House GOP's plan to avoid a partial government shutdown
Another government shutdown is looming. If there's no deal by Friday, there will be a partial shutdown with major implications from military paychecks to air travel. Over the weekend, House ...CBS News - 3d -
House Republican: Trump is 'right over the target' with EU wine tariff threat
Rep. Warren Davidson (R-Ohio) applauded President Trump’s threat to put a 200 percent tariff on wine, Champagne and other alcohol imported from the European Union (EU) if the bloc does not remove a ...The Hill - 9h -
Goldman Sachs flinches and lowers its S&P 500 target. The mechanics are the interesting part.
It’s been tough for Wall Street strategists to hold their nerve in the face of the ever-changing tariff policy.MarketWatch - 1d -
Another strategist chops his S&P 500 target — but for a different reason than the Goldman Sachs reduction
Ed Yardeni fears a potential stagflationary impact even as keeps his earnings estimates unchanged.MarketWatch - 22h -
What is the Alien Enemies Act that Trump plans on using to deport migrants to Guantanamo Bay?
Multiple U.S. officials familiar with President Trump's immigration plans say he will invoke a 227-year-old wartime law to authorize the deportation of some migrants as soon as Friday. This would ...CBS News - 11h -
Trump says "nobody is expelling any Palestinians" from Gaza in proposed U.S. takeover plan
President Trump said Wednesday that his potential plan for a U.S. takeover of Gaza will not involve the expulsion of Palestinians from the enclave. The president had previously suggested Gaza's ...CBS News - 21h -
Most say Trump too erratic in economic moves: Survey
Most Americans think President Trump is too “erratic” in implementing his trade agenda as he slaps tariffs onto the country's top trading partners and they want him to combat high prices, according ...The Hill - 21h -
Trump-backed plan to fund government raises GOP concerns on defense
Republicans are raising concerns about what the Trump-backed strategy to stave off next week’s government shutdown threat could mean for defense programs for the next six months. President Trump ...The Hill - 6d -
What does Ontario's electricity surcharge mean for New York?
A 25% surcharge on electricity from Ontario, Canada, took effect in three U.S. states on Monday in response to planned tariffs from the Trump administration. New York is the nation's biggest ...CBS News - 3d -
Trump doesn't rule out recession as trade war stirs uncertainty
As President Donald Trump doubles down on his escalating trade war against some of the country’s biggest economic partners, he is declining to rule out a recession as economic uncertainty grows. ...NBC News - 3d -
The Liberals Choose a Leader in the Shadow of Trump’s Threats
Party members will cast their votes on Sunday in a campaign that has been overshadowed by the unsettling signals from Washington.The New York Times - 6d -
Canada backs down from 25% electricity surcharge after Trump threats
Ontario Premier Doug Ford said Tuesday he had agreed to suspend a 25% surcharge on electricity imports into the United States after having conversed with U.S.NBC News - 2d -
Mahmoud Khalil Has Not Been Allowed to Speak Privately With Lawyers
Mahmoud Khalil, a legal permanent resident who the Trump administration has claimed is a national security threat, is in immigration detention in Louisiana.The New York Times - 1d -
Trump administration resumes immigrant family detentions
The Trump administration has resumed family detention of immigrants, a legal nonprofit said, reigniting a controversial practice largely curtailed under the Biden administration. Fourteen families ...The Hill - 20h -
The threat of Trump is vast. But don’t underestimate incremental change | Michael Brownstein
The work of making change is difficult. Most of it is boring, unsexy and, at best, modestly incremental from day to day. Donald Trump is attempting to dismantle American constitutional democracy ...The Guardian - 1h -
Jeffrey Sachs and David Sacks take it to the ‘warmongers’ and Zelensky
There is a good chance that you have not read or heard about the horrific casualty numbers emanating from the war in Ukraine.The Hill - 5d -
‘Gut punch’: Democrats decry Trump's plan to cut 80,000 at Veterans Affairs
Democrat lawmakers and veterans' groups are fuming over the Department of Veterans Affairs' (VA) plans to cut roughly 80,000 employees in the coming months, decrying the lack of transparency and ...The Hill - 5d -
Noem says DHS is polygraphing staffers suspected of leaking immigration raid plans
Homeland Security Secretary Kristi Noem says polygraph tests are being used to find staffers in the department who may be leaking information about impending immigration raids. CBS News chief White ...CBS News - 3d