Scottie Scheffler, wife Meredith pose with their son Bennett after winning the PGA Championship golf tournament at the Quail Hollow Club, Sunday, May 18, 2025, in Charlotte, N.C. (AP Photo/Matt York)
WASHINGTON (AP) — Like most presidents,faces an economy that seldom bends to political ambitions.
The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. But despite the solid job market and low 4.1% unemployment rate, he has to contend with headwinds like inflation, a budget deficit, increased tensions over trade, the fallout from his plans to curtail immigration and a persistent wealth gap.Each of these issues could help to shape how voters feel about a president they returned to the White House with the specific goal of fixing the economy.For his part, Trump wants to blame all the challenges before him on his predecessor, Joe Biden, who in turn blamed Trump in 2021 for the problems his own administration had to tackle.
“This begins with confronting the economic chaos caused by the failed policies of the last administration,” Trump told theHere are five economic forces that could shape the first year of Trump’s presidency:
Whipping inflation is easier said than done.
In AP VoteCast, an extensive survey of last year’s electorate, 4 in 10 voters called inflation the “single most important factor” in their choice for president. About two-thirds of this group voted for Trump — a sign he owes his victory in large part to the high cost of groceries, gasoline, housing, autos and other goods.The Nice blackout started around 2 a.m. and left some 45,000 households without electricity. The city’s trams stopped and power was briefly cut to the Nice Côte d’Azur airport during its overnight closure hours.
Power was fully restored by 5:30 a.m., according to the energy provider company Enedis.The Nice public prosecutor said a criminal investigation has been opened for “organized arson.”
On Saturday, two other installations in the Alpes Maritime department were damaged in what officials also suspected to be arson, temporarily cutting power to 160,000 homes, including events at the Cannes Film Festival.An unknown anarchist group claimed responsibility for the Cannes outage in a lengthy posting on the website indymedia.org.