Commerce secretary says Trump's policies are "worth it" even if they lead to recession

Lutnick says Trump tariffs 'worth it' even if they lead to recession

Commerce Secretary Howard Lutnick said Tuesday that President Trump’s tariff policies will be worth it, even if the economy ends up in a recession. In an interview that aired Tuesday, CBS News’s ...

The Hill - 5h

3/11: CBS Evening News

Commerce secretary says Trump's policies are "worth it" even if they lead to recession; It's been 5 years since WHO declared COVID pandemic

CBS News - 1h

Lutnick says Trump's policies are "worth it" even if they lead to recession

The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.

CBS News - 9h

Commerce Secretary Howard Lutnick says 'there’s going to be no recession in America'

Commerce Sec. Howard Lutnick said that Americans should "absolutely not" brace for a recession as President Donald Trump plans to implement far-reaching tariffs.

NBC News - 2d

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 - 2d

Commerce secretary says 25% tariffs on steel and aluminum will go into effect Wednesday

During an exclusive interview with Meet the Press, Commerce Sec. Howard Lutnick explains which tariffs will take effect and which have been postponed by President Donald Trump.

NBC News - 2d

Trump made clear ‘Elon Musk is your partner’ in Cabinet meeting, says Commerce secretary

In an exclusive interview with Meet the Press, Commerce Sec. Howard Lutnick says that President Trump made clear to his Cabinet that Elon Musk is “a partner” in deciding who and what will be cut ...

NBC News - 2d

Energy Secretary Chris Wright vows to reverse Biden climate policies, says renewables can't replace natural gas

"The Trump administration will end the Biden administration's irrational, quasi-religious policies," Wright said at the CERAWeek by S&P Global energy conference.

CNBC - 1d

Commerce Secretary Lutnick defends Trump's tariffs: "Let the dealmaker make his deals"

Market volatility continued Tuesday with major indexes closing in the red as President Trump negotiates tariffs with Canada. CBS News chief White House correspondent Nancy Cordes sat down with ...

CBS News - 9h

White House says U.S. is in 'period of economic transition' amid recession fears

White House press secretary Karoline Leavitt told reporters that the U.S. economy was in a "period of economic transition" and criticized the economic policies of the Biden administration amid ...

NBC News - 15h

What the world needs now is more fossil fuels, says Trump’s energy secretary

Chris Wright signals abandonment of Biden’s ‘irrational, quasi-religious’ climate policies at industry conference . The world needs more planet-heating fossil fuel, not less, Donald Trump ’s newly ...

The Guardian - 1d

Trump 'an agent of chaos and confusion,' economists warn — but a U.S. recession isn't in the cards yet

Economists say Trump is proving to be an "agent of chaos" with his unpredictable trade tariff policies but a downturn isn't in the cards just yet.

CNBC - 1d

Johnson, House GOP dismiss market turmoil in defending Trump tariff policies

House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.

ABC News - 12h

US will be ‘central’ to climate fight even without Trump, says Cop30 president

André Corrêa do Lago suggests US organisations can play a constructive role even if government limits participation. The US will be “central” to solving the climate crisis despite Donald Trump’s ...

The Guardian - 1d

Evening Report — Shutdown drama unfolds amid recession fears

Presented by National Council on Aging — Congress is rushing to pass a continuing resolution to avoid a government shutdown. {beacon} Evening Report TRUMP FIRST 100 DAYS © Greg Nash Government ...

The Hill - 1d

Treasury Secretary Bessent says economy could be 'starting to roll a little bit'

President Trump's Treasury secretary discussed the U.S. economy and tariffs on "Squawk Box."

CNBC - 4d

3/10: CBS Evening News

U.S. stocks plunge after Trump's comments on potential recession sparks sell-off; Former MLB pitcher Art Schallock dies at 100

CBS News - 1d

US energy secretary criticises climate policy for damaging UK economy

Chris Wright says ‘once mighty’ British steel and chemicals industries have been displaced to Asia

Financial Times - 1d

The US economy is heading for recession

Donald Trump’s policy agenda is sapping American animal spirits

Financial Times - 2d

Trump doesn't rule out recession, rising inflation

In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...

CBS News - 2d

Would Trump Risk a Recession?

The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.

The New York Times - 1d

Powell Says the Fed Is in No Hurry to Adjust Rates Amid Trump Policy Uncertainty

Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.

The New York Times - 4d

Trump on if he's expecting recession this year: 'I hate to predict things like that'

President Trump faced a slew of questions about the economic ripple effects of his tariff policy during an interview with Maria Bartiromo on Fox News, including whether he worried about a looming ...

The Hill - 2d

Powell says Fed is awaiting 'greater clarity' on Trump policies before making next move on rates

Powell reiterated statements he and his colleagues have made recently counseling patience on monetary policy.

CNBC - 4d

'Tariffs break trust': How Trump's trade policy is putting pressure on U.S. farmers

American farmers could ultimately feel even more pain as a result of President Donald Trump's tariffs on Canada, Mexico and China.

CNBC - 12h

2-year Treasury yield ends at lowest level in 6 months on recession talk

Bond yields dropped sharply on Monday after President Donald Trump over the weekend shrugged off the possibility that his policies would cause a U.S. recession.

MarketWatch - 1d

Education department plans to cut half its workforce as Trump vows to wind agency down – US politics live

Secretary of education Linda McMahon says move is part of president’s mission to dismantle department. Even before the layoffs, the education department was among the smallest cabinet-level ...

The Guardian - 28m

Trump’s ‘chaotic’ policy approach is creating opportunity for investors

There could be “quite a shift in the world order,” says Mike Cudzil, a portfolio manager at Pimco.

MarketWatch - 3d

Lutnick: ‘There’s going to be no recession in America’

Commerce Sec. Howard Lutnick shot down the possibility of a forthcoming recession in America, in an interview on NBC News’s “Meet the Press” on Sunday. “Absolutely not,” Lutnick said when asked ...

The Hill - 2d

Senate confirms Lori Chavez-DeRemer as Labor secretary

The Senate on Monday confirmed former Rep. Lori Chavez-DeRemer (R-Ore.) to lead the Department of Labor, cementing another of President Trump’s nominees in bipartisan fashion. Senators voted 67 to ...

The Hill - 1d

Trump doesn't rule out possibility of recession, Chinese retaliatory tariffs go into effect

President Trump said in a Fox News interview that aired over the weekend that inflation could continue to rise, but he wouldn't say if the U.S. could fall into a recession later this year. ...

CBS News - 1d

Harvard freezes hiring amid financial 'uncertainties' driven by Trump policies

Harvard University says it is freezing hiring for faculty and staff amid financial “uncertainties” driven by the Trump administration. “Universities throughout the nation face substantial financial ...

The Hill - 1d

Secretary of state says 83% of USAID programs are being canceled

USAID has been the target of DOGE, the Elon Musk-helmed agency created in an executive order signed by President Trump on his first day in office.

CBS News - 1d

Trump’s Tactics Lead Americans to Question Role on World Stage

Among supporters and detractors alike, his transactional approach to foreign policy has upended old notions about the United States as a global leader.

The New York Times - 2d

Stocks slide as Trump warns of US economy 'transition'

Investors are nervous about the possibility of a US recession, say experts.

BBC News - 1d

Ice arrests Palestinian activist who helped lead Columbia protests, lawyer says

Mahmoud Khalil’s arrest comes as Trump vows to deport foreign students involved in protests against Israel’s war. A prominent Palestinian activist who helped lead Columbia University’s student ...

The Guardian - 2d

Is it worth it to get a HELOC rate lock? What the experts say

A HELOC rate lock can provide predictable payments — but may only be worth it in certain cases.

CBS News - 18h

Trump says he's doubling tariffs on Canadian steel and aluminum to 50%

President Trump said that he will impose even higher tariffs on Canadian steel and aluminum imports beginning on Wednesday.

CBS News - 18h

Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy

Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...

CBS News - 1d

Commerce secretary says Trump's policies are "worth it" even if they lead to recession

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