Just one week into the war with Iran, Alejandra Y Castillo, former US Assistant Secretary of Commerce for Economic Development, shares what we can expect to be affected by the cost increases.
The latest jobs report shows a stalling labor market. Wage growth is slowing at the same time that costs are rising.
Liz Pancotti warns the conflict in Iran on top of Trump's tariffs — which have already cost families $1,700 — will keep pushing prices higher & squeeze family budgets.
CBPP's @gbenga-ajilore.bsky.social provides insights and analysis on February inflation data released earlier today.
$11.3 billion could cover any of the following for a full year:
-1.4 million people on Medicaid
-19 million kids getting free school lunches
-1.4 million people getting affordable housing
-1.1 million hungry seniors fed
-0.8 million children given free child care
Energy shocks don’t stop at the gas pump. @alexsjacquez.bsky.social explains how Trump’s war in Iran is driving oil, diesel, and jet fuel prices up — sending costs higher for shipping, food, and other essentials when families are already stretched thin.
New York City's “Rental Ripoff” hearings are giving tenants a chance to report hazardous conditions and hidden fees directly to city leaders. @emmurpheis.bsky.social says the effort signals a shift toward taking tenant concerns seriously and finding solutions to make housing more affordable.
“The tariff roller coaster under President Trump will continue.”
After a historically weak year for job creation in 2025, @mnegron01.bsky.social says new tariffs will only further raise costs for consumers and businesses and drag down growth even more. nypost.com/2026/03/04/b...
"Financing income tax cuts tilted to the wealthy by cutting programs to help fams afford food & medicine ... is no way to address our fiscal imbalances." - @brendanvduke.bsky.social before the Senate Budget Cmte on how tax cuts increase the nation’s fiscal challenges: www.cbpp.org/research/fed...
This is a huge oil shock and we’re, once again, seeing appropriate levels of panic, and some policy response. The world is losing ~14 million barrels of oil per day in the short term—that’s very hard to make up.
Here’s what else I’m seeing 10 days into this 🧵
"We have never seen corporate profits to the degree we have over the past 4 years." — @kedseconomist.com
At the same time, families are going without retirement plans, affordable health coverage, or paid leave, even as the cost of living keeps rising. www.bloomberg.com/opinion/arti...
As it unleashes violence at home & abroad, the Trump administration is radically reshaping the US economy.
Elizabeth Pancotti joins @emmashortis.bsky.social to discuss the State of the Union, tariffs & Trump’s attack on Somali-Americans. @groundwork.bsky.social
🎧 theaus.in/3P130hR
Data centers aren’t massive job creators. So communities must negotiate real benefits. @katenrg.bsky.social says strong agreements can require companies to cover infrastructure costs, invest in resilience, and strengthen the local tax base so families see lasting gains, not just higher bills.
Electricity prices are up about 8% nationally, with demand surging from AI, crypto mining, and hotter summers.
@katenrg.bsky.social says we need more clean energy and policies that ensure working families aren’t stuck footing the bill for the strain data centers put on our energy grids.
Gas prices jumped $0.11 overnight. Crude oil is ~$85 a barrel.
As @alexsjacquez.bsky.social told @nytimes.com: if this conflict drags on, consumers could face higher costs in “nearly every sector of the economy.”
This isn’t just about what you pay for gas. It's groceries, airfare, & heating bills.
Rohit Chopra on The Lead with @jaketapper.bsky.social: While Trump lives in a gold-plated bubble, his tariffs cost families about $1,700 last year and are still driving up prices. The Supreme Court struck down his tariffs, so families were illegally overcharged and they want their money back now.
@michaelslinden.bsky.social: The IRS is underfunded and understaffed. That means longer waits, slower refunds, and less help if something goes wrong.
The Trump administration also ended the free tax filing program, Direct File, forcing taxpayers to pay private companies to file their taxes.
Terminating union contracts while facing a talent shortage is certainly a choice... apnews.com/article/trea...
Budgets reflect our marginal prioritization. We have limited resources, so we fund things at the expense of other things.
Giving nearly $1 trillion to the military while dramatically underfunding housing aid, while leaving kids malnourished, while leaving people uninsured - it's a choice.
Daniel Hornung says the Supreme Court handed Trump an off-ramp after striking down his illegal tariffs.
Instead of lowering costs for families and small businesses, he imposed new tariffs under different authorities, keeping prices high and prolonging economic uncertainty.
@katenrg.bsky.social joined the Market to Market podcast to break down how policy choices and rising electricity use, especially from data centers, are slowing renewable energy deployments, driving up utility bills, & limiting affordable energy options for Americans. www.youtube.com/watch?v=1xDF...
The economy weakened in 2025, and Black households bore the brunt. @gbenga-ajilore.bsky.social's analysis shows how slower job growth, rising costs, tariff uncertainty, and federal layoffs are eroding economic security for Black families and small businesses. ⤵️ www.cbpp.org/blog/the-eco...
Corporate America is in its golden era.
@kedseconomist.com explains why that’s not helping workers 🎥
@genesperling.bsky.social: President Trump is doubling down on tariffs, risking even higher prices, weaker job growth, and more economic uncertainty instead of prioritizing consumers, small businesses, and long-term growth.
Families have overpaid for everyday goods because of Trump’s tariffs for over a year.
Instead of doubling down & inflicting more harm, the administration should give consumers their money back & pursue a trade agenda that actually benefits American workers & businesses. @alexsjacquez.bsky.social
President Trump’s tariffs have done nothing but hurt the job market and drive up prices for consumers and businesses.
Rohit Chopra says any refunds going to corporations must be disclosed and passed along to the consumers who have paid thousands in extra fees for everyday goods.
Speaking of tax increases, tariffs are a MASSIVE tax increase. #CBPPSOTU
El 50% de los empleos administrativos de nivel inicial podrían desaparecer para 2030, y los empleadores lo saben.
El director de Tecnología Responsable de Omidyar Network, Gus Rossi, advierte: «Los empleadores están siendo más cautelosos».
50% of entry-level white-collar jobs could disappear by 2030 – and employers know it.
The Director of Responsible Technology at the Omidyar Network, Gus Rossi, warns, “Employers are being more cautious.”
"One really striking feature of the U.S. economy in 2025 is the degree to which U.S. consumers soured on it."
Ahead of #SOTU, @michaelslinden.bsky.social takes stock of the U.S. economy over the past year, looking at various metrics of economic well-being.
More:
The Trump administration inherited a better-functioning IRS with better customer service and faster refunds. In one year, it has been dramatically hollowed out.
@asteephen.bsky.social warns taxpayers may face longer delays and more mistakes that will cost working families the most.
