Honey, I Shrunk the Economy

“Figures released by the Commerce Department Wednesday show that the United States’ gross domestic product contracted at an annual rate of 0.3% in the first quarter of the year, after growing at a solid pace of 2.4% in the final months of 2024.” The U.S. economy shrinks as Trump’s tariffs spark recession fears.

+ Where does the buck stop when it comes to all the bucks we’re losing? “President Donald Trump on Wednesday blamed former President Joe Biden for the U.S. economy contracting in the first quarter of 2025 — and suggested he will blame Biden again for the second quarter’s results.”