Yesterday, the Dow Jones Industrial Average suffered its largest single-day point decline in history after tumbling 1,175 points. Compounding concerns, this sell-off occurred immediately after another large sell-off the previous trading day (Friday) where the Dow shed 666 points. Although the forces
Last week, the Commerce Department released a preliminary estimate showing the U.S. economy grew at 2.6 percent in the fourth quarter of 2017. This 2.6 percent expansion came as somewhat of a disappointment to economists, who anticipated a “hat trick” of 3
Last week, the odds of achieving pro-growth tax cuts in 2017 took an important step forward when Treasury Secretary Steve Mnuchin expressed his desire for tax reform to be retroactive. As I previously wrote, “retroactivity” is the question of whether tax cuts
While March is normally the month reserved for madness here in the U.S., since the election of Donald Trump last November, the mainstream media has made losing one’s sanity seem like a year-round occurrence. Journalists have been plagued by an inability to
This week the Senate confirmed Steve Mnuchin to serve as the next Treasury Secretary, and the message to struggling American families couldn’t be any clearer — help is on the way. Contrary to Slate economics correspondent Jordan Weissmann’s assertion that President Trump
