ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
With the stock market tumbling, consumer confidence skidding and U.S. companies ramping up layoffs, it may look like the nation is hurtling toward a recession. |
President Donald Trump's sweeping tariffs on steel and aluminum imports took effect on Wednesday as his administration's drive for better global trade deals sent tremors through financial markets and fueled fears of inflation and recession. |
Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals and extends the duties to hundreds of products made from the metals. |
Just a month after Trump's administration fired over 100,000 early-tenure government employees, his administration is planning a larger slashing of workforce across the country, and the details are becoming clearer by the hour. |
The job cuts come as economists are increasingly worried about the risk of a recession. (See above.) |
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Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | President Trump's expanding trade war is boosting the chances of a recession. Layoffs are rising and consumer confidence and spending are sliding. | | | | NOAA includes the National Weather Service and oversees monitoring of the world's atmosphere and the weather and climate. | | | | Federal agencies have until Thursday, March 13 to submit plans to the Trump administration for large-scale layoffs, called a reduction in force. | | | | Inflation eased more than expected in February, according to the consumer price index. Trump's tariffs are likely to propel prices higher | | | | Americans continue to wonder about the possibility of DOGE stimulus checks. Here's where things stand and how the idea originated. | | | | The stock market slid Tuesday amid concerns that Trump's tariffs could spark a recession. How older, younger Amricans should handle the dip. | | | | Cooling inflation is good news for retirees, but it's also going to impact the 2026 Social Security cost-of-living-adjustment. | | | | Scammers are 'relentless,' according to new IRS alert listing the 'Dirty Dozen' tax scams. Bad social media advice triggers trouble with refunds. | | | | Borrowers are wondering what will happen to their loans and repayment plans if President Trump closes the Department of Education. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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