Latest news with #ConsumerFriday
USA Today
a day ago
- Business
- USA Today
The Daily Money: Immigration raids and the US economy
The Daily Money: Immigration raids and the US economy Good morning! It's Daniel de Visé with your Daily Money. Happy Consumer Friday! But first, let's talk about immigration. From gas stations in Phoenix to construction sites in Tallahassee, workplace raids crisscrossing the nation have alarmed businesses that suddenly find themselves in the crosshairs of the Trump administration's immigration crackdown. The sharp uptick in immigration enforcement activities is a departure for federal authorities, who usually avoid going after businesses. Immigration, California and the US economy Trump's administration is also stepping up deportation efforts in California, with immigration raids at restaurants, traffic stops and routine legal check-ins. The effort, while popular with voters in polls, has sparked protests. Long term, economists warn that fewer immigrants could mean a weakened economy, prompting labor shortages and slowing economic growth. 'Big, beautiful bill' favors the rich The legislation dubbed the "One Big Beautiful Bill'' by President Trump would increase resources for middle and top earners at the expense of lower-income Americans, according to a new analysis from the Congressional Budget Office. The nonpartisan CBO analyzed the combined effects of many of the House bill's tax reductions and its cuts to federal programs, including Medicaid and nutrition assistance, over the period between 2026 and 2034. The mega bill is now in the Senate, which is considering changes. Here's what the analysis found. 📰 More stories you shouldn't miss 📰 Here are our top consumer stories of the week! About The Daily Money 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.
USA Today
06-06-2025
- Business
- USA Today
The Daily Money: Is AI coming for your job?
The Daily Money: Is AI coming for your job? Good morning! It's Daniel de Visé with your Daily Money: Yes, this newsletter is still written by humans. If the job market is slowing, as many economists predict, don't blame the trend solely on uncertainty surrounding President Donald Trump's tariffs. You can also point the finger at AI. Here's how artificial intelligence is changing the hiring landscape. Can White workers claim discrimination? For decades, men, straight people and White people were often held to a higher legal standard when bringing workplace bias claims than groups that historically faced discrimination. No longer. The Supreme Court this week made it easier for members of so-called 'majority groups' to sue for discrimination by siding with an Ohio woman who claimed she twice lost jobs to lesser-qualified gay candidates because she is straight. Here's what that means for future discrimination complaints. Big Brother is watching you more than ever For decades, the government has been able to watch where you drive and where you walk. It can figure out where you shop, what you buy and with whom you spend time. It knows how much money you have, where you've worked and, in many cases, what medical procedures you've endured. But because all of those data points were scattered across dozens of federal, state and commercial databases, it wasn't easy for the government to build a comprehensive profile of your life. That's changing ‒ fast. 📰 More stories you shouldn't miss 📰 We haven't forgotten about Consumer Friday. Here are the week's top headlines. About The Daily Money 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.
