The Latest Breaking News from Bernard Yaros

After years of elevated inflation, many Americans are still feeling sticker shock at the grocery store. Food costs continue creeping higher, even as overall inflation has eased from its peak. Now, the Trump administration is turning to tariff exemptions in hopes of slowing the pressure on household budgets.

"As a share of GDP, government payouts will approach levels rarely seen outside of the 1980s' farm crisis and the farm aid packages under the first Trump presidency."

The trust funds for Social Security and Medicare are expected to be depleted by 2034, which could prompt the bond market to push Congress into action, according to a leading economist.

"A sharp upward repricing of the term premium for longer-dated bonds could force Congress back into a reform mindset."

The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.

Donald Trump's tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

Analysts expect Republican to act on threats of imposing tariffs and blocking immigrants soon in his second term.

Republican presidential candidate Donald Trump wants to bring back US manufacturing and lower costs, relying on tariffs to boost US coffers and exert pressure on other countries -- but the reality is less straightforward.

Harris’s economic views are largely unknown, but inflation is a red flag for the Democratic presidential nominee.