The Wall Street Journal
Daily Mail
BBC NewsThe US goods trade deficit reached a record $1.24 trillion in 2025 despite Trump's tariffs, though the combined goods-and-services deficit edged down 0.2% to $901.5 billion. In December, the monthly deficit surged 32.6% to $70.3 billion, well above forecasts. Trade shifted away from China toward Taiwan, Vietnam, and Mexico.
The Wall Street Journal
Bloomberg
Washington TimesNational Economic Council Director Kevin Hassett called a New York Federal Reserve study finding that ~90% of tariff costs fall on U.S. consumers an 'embarrassment' and said its authors should be 'disciplined.' Minneapolis Fed President Neel Kashkari characterized the remarks as another attempt to undermine the Fed's independence. The study's findings are consistent with several other independent analyses.
The New York Times
New York Post
Fox NewsNew York City Mayor Zohran Mamdani unveiled a $127 billion FY2027 budget proposal facing a $5.4 billion gap, threatening a 9.5% property tax increase if the state does not approve income tax hikes on high earners and corporations. Governor Hochul has opposed tax increases ahead of her reelection bid, and City Council Speaker Menin also signaled resistance to the property tax hike.
How much BS did the media push today?
