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Economic Policy
U.S. GDP shrinks 0.3% as Trump blames Biden for weak economy
The U.S. economy contracted for the first time in three years, with gross domestic product (GDP) falling 0.3% in the first quarter of 2025. The decline—driven by a surge in imports and a drop in ... more
Is the U.S. in a recession? Trump’s tariffs and shrinking GDP fuel debate
The U.S. economy is flashing warning signs, and recession fears are rising fast. In the first quarter of 2025, America’s gross domestic product fell 0.3%—the first contraction in three years. The drop comes amid sweeping ... more
New York triples child tax credit to fight poverty
Families in New York will see major tax relief thanks to a new expansion of the state’s Child Tax Credit. Included in the FY 2026 budget, the credit will now provide up to $1,000 per ... more
