U.S. Treasury: DOGE doesn't deny deficit
The Department of Government Efficiency (DOGE) says it has now saved taxpayers more than $150 billion so far, but new date shows that DOGE hasn't made a dent in the deficit because of increased spending. The treasury department reports that spending is up more than $139 billion in the first three months of this yea. The federal government has borrowed $41 million more during that period than last year. Democrats are now questioning where DOGE is adding to the deficit by making cuts that later end up being overturned by the courts.
Tariff battle continues between U.S. and China
The tariff battle is continuing between the United States and China, but the ongoing fight between the two countries is starting to have an impact on how Americans feel about the economy. Despite the fears, the White House says dozens of countries are coming to the table.
Could trade policies help U.S. furniture industry?
There are some signs that President Donald J. Trump's trade policies might be helping the United States furniture industry. Some American manufacturers say they are already seeing some benefits. FOX 35's Chelsea Torres speaks to some of the local businesses in the furniture capital of the U.S. in High Point, North Carolina.
Karoline Leavitt White House press briefing
U.S. President Donald J. Trump's Press Secretary Karoline Leavitt hosted a press briefing at 1 p.m. Friday at the White House. Leavitt discussed several updates from Trump, including immigration, tariffs, economy, inflation and the release of detained Americans abroad.
Markets rebound after Trump's reversal on tariffs
United States stocks skyrocketed higher after President Donald Trump announced the authorization of a 90-day pause on the “reciprocal” tariffs that had gone into effect Wednesday, with the exception of China. Although Wall Street breathed a sigh of relief as the markets rallied, investors said they are not necessarily in the clear.
President Trump's tariffs impact on trade policy
The Senate Finance Committee hosted a hearing on "The President’s 2025 Trade Policy Agenda" on Tuesday morning. The event on Tuesday morning featured conversations surrounding President Donald Trump's tariffs. U.S. Trade Rep. Jamieson Greer answered questions and made comments. Last week, Trump declared foreign trade and economic practices have created a national emergency, and his new order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers. Trump said he refuses to let the U.S. be taken advantage of and believes that tariffs are necessary to ensure fair trade, protect American workers and reduce the trade deficit.
President Trump stands by tariffs plan
President Donald J. Trump is standing by his new tariffs plan, saying it's a short-term pain for a longer-term gain. Last week, Trump declared foreign trade and economic practices have created a national emergency, and his new order imposes responsive tariffs to strengthen the international economic position of the United States and protect American workers. Trump said he refuses to let the U.S. be taken advantage of and believes that tariffs are necessary to ensure fair trade, protect American workers and reduce the trade deficit. University of South Florida Professor Emerita (Political Science) and Political Analyst Dr. Susan MacManus weigh in on the tariffs, as well as the other latest political headlines.
Auto tariffs 101: Should you buy now or later?
Joe McCabe, president and CEO of a provider of automobile industry insights called AutoForecast Solutions, joins FOX 35 to talk about President Donald Trump’s new taxes on imported cars, trucks and auto parts, which are expected to raise the price of imported vehicles by thousands. Those price increases will likely extend to American-made cars, maintenance and even car insurance. Trump said Americans shouldn’t rush to buy cars before the tariffs take effect – he’s betting that his tariffs will cause the U.S. economy to boom.
FOX 35 investigates: Unemployment delays
Florida's Department of Commerce says the unemployment rate here is lower than the national average, yet many of those who are unemployed are still having huge problems trying to access this system.
How bowl season helps our local economy
Thousands of people will be filling Camping World Stadium for the Pop-Tarts Bowl, and not only will it be a fun bowl game for the fans, but it's also great for our local businesses.
Private insurers approved to take more citizen's policies
If you're a homeowner who lives on or near the coast, you likely have state-run citizen insurance. It's supposed to be the insurer of "last resort," but, for many, it has become the cheapest option.
Social Security changes coming in 2025
The Social Security Administration announced in October that the cost of living adjustment will be two points and five percent next year.
NYC COVID czar caught on cam bragging about attending drug-fueled sex parties during pandemic
Varma — who served as senior health advisor to then-Mayor Bill de Blasio during the height of the pandemic, talked about hosting orgies with his wife and attending underground dance parties with more than 200 people.
Disney to layoff thousands: report
After announcing a plan to slash nearly 7,000 jobs, Disney is reportedly instructing managers to propose budget cuts and put together lists of employees to be laid off in the coming weeks.
Central Florida housing crisis leaving family high and dry
A lot of people dream of owning a home, but here in Orlando, high demand and short supply are driving up a lot of prices and potential buyers say that dream feels far from reality.
Federal Reserve to raise interest rates next week
The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street's losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. Traders continue to fret about the tough medicine the Federal Reserve is using in its fight against inflation: higher interest rates.
How conflict in Ukraine could hit Americans
While fighting is happening halfway around the world in Ukraine, economists say Americans can expect to feel the impact.s
Gas prices continue to rise
Gas prices have jumped, on average, more than a buck from a year ago in Central Florida. Experts say the cost of crude oil, global supply issues, and the pandemic are to blame.
Orlando International Airport expansion update
Terminal C at Orlando International Airport is expected to welcome passengers by the summer of 2022.
Gas prices expected to rise in spring
The national average price for a gallon of gasoline in the U.S. will remain "somewhat stable" over the next two to four weeks before showing a clear increase as spring nears, according to an industry expert.