What’s in the Housing Bill That Just Became Law
It is no Great Society measure, but the new law offers local governments and builders incentives to make incremental changes.
Global Economic Output Looks Slower for 2026, IMF Says
The I.M.F. projected world output growth would fall to 3 percent for the year, a number pushed down by high commodity prices.
U.S. Trade Deficit Widens in May on Record Goods Imports
Imports of foreign goods, including pharmaceuticals and equipment for data centers, hit a record high, pushing the monthly trade deficit to its highest level in over a year.
Trump Promised a Foreign Investment Boom. It’s Getting Harder to Deliver.
The threat of tariffs may have helped push more capital into the United States, but other factors are pushing it away.
Gas Stations Gain When Oil Prices Start to Drop
President Trump is berating gasoline retailers for keeping prices high. Evidence suggests the business has grown more profitable.