latest news in economy
Fiscal Analysis Reveals Immigrants Reduced U.S. Deficit by $14.5 Trillion
Washington, Thursday, 19 February 2026.
Contrary to political rhetoric, a new study finds immigrants generated 14% of tax revenue while consuming only 7% of spending, effectively reducing the national deficit by $14.5 trillion.
Fed Minutes Reveal Deep Division Over Future Interest Rate Path
Washington, Thursday, 19 February 2026.
Minutes from the January meeting reveal a sharp divide among Federal Reserve officials, with debates intensifying over potential rate hikes and the emerging economic impact of artificial intelligence.
White House Adviser Demands Discipline for Fed Researchers After Study Shows Americans Shoulder Tariff Costs
Washington D.C., Wednesday, 18 February 2026.
Kevin Hassett demanded punishment for Federal Reserve researchers after their study concluded U.S. consumers, not foreign exporters, bore 90% of the economic burden from 2025 tariffs, calling the work an “embarrassment.”
Twin Cities Coalitions Mobilize for Historic Rent Strike Amid Economic Disruption
Minneapolis, Wednesday, 18 February 2026.
In response to federal operations linked to an estimated $81 million in local business losses, Twin Cities unions are organizing the largest U.S. rent strike in a century to demand immediate economic relief.