“Something needs to change or you’re not going to get my support,” said Rep. Chip Roy, R-Texas.
at the consumer level. Its consumer price index rose just 2.4% last month from March 2024, the smallest year-over-year gain since September. Core consumer prices posted the smallest year-over-year increase in nearly four years.The inflation outlook is muddied by Trump’s trade wars. He’s imposing a 145% tax — a tariff — on Chinese imports and is hitting most of the rest of the world’s imports with a 10% levy that might go up after 90 days.
, announcing that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown.The trade barriers are widely expected to raise prices as importers attempt to pass along their higher costs.The inflation numbers delivered this week are better than economists has expected, but the retaliatory trade measures launched by both the U.S. and China will likely cool that trend, said Carl Weinberg, the chief economist at High Frequency Economics.
“This good news will not last very long,” Weinberg wrote Friday. “Tariffs will boost the prices of all imported producers inputs—goods, not services (yet) — and the effect of tariffs will be visible in April data due for release on May 15.Major U.S. corporations are already bracing for potential damage.
scratched its expectations for operating income during the first quarter and Delta Air Lines
Both companies announced the changes this week, but shares of major retailers like Target and Macy’s have plunged since the start of the year. Shares of Delta, the nation’s most profitable airline, are down 35% in 2025.on the Wisconsin Supreme Court, was backed by national Democrats and made opposition to Elon Musk a centerpiece of her campaign.
Here’s what to know about her:Crawford, 60, has served as a Dane County Circuit Court judge since 2018.
She won election to the seat that year and again in 2022 in the county, which is home to the liberal state capital, Madison.Crawford previously worked as an assistant attorney general for both the Iowa and Wisconsin departments of justice and as an attorney in the Wisconsin Department of Natural Resources.