Emily Peck

2 days ago | axios.com | Emily Peck

Illustration: Aïda Amer/AxiosBuried in the "big, beautiful bill" is a provision that would require low-income Americans to pre-certify to get the Earned Income Tax Credit, a half-century old benefit that keeps millions of families out of poverty. Why it matters: Those hurdles would make the credit harder to get, or potentially even dissuade people from filing, say tax experts and Democrats who oppose the bill.

2 days ago | axios.com | Emily Peck

Data: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. International Trade in Goods and Services; Chart: Axios VisualsU.S. goods imports plummeted in April, per data out Thursday, as President Trump's tariff policies rocked the global trade system. Why it matters: The decline is a sharp reversal of the front-loading effect the previous month, when firms raced to import stuff before the tariffs took hold.

2 days ago | axios.com | Esteban L. Hernandez |Sami Sparber |Emily Peck

Data: Redfin; Map: Axios VisualsHomebuyers hold an edge in the Denver real estate market — so long as you can foot the hefty bill. The big picture: Metro Denver had just over 4,800 more sellers than buyers, a stark 42% difference, signaling a homebuyer's market, per a recent Redfin estimate based on April figures.

2 days ago | axios.com | Emily Peck

Illustration: Aïda Amer/AxiosTariffs raise prices. It's textbook economics, and we're starting to see it happen now, anecdotally at least. Why it matters: To put it mildly,Americans dislike high inflation. It's politically toxic, as Democrats recently learned. The big picture: Tariffs are happening fast, and they're a moving target. Yesterday's 25% is today's 50%. Increases have yet to show up in the official inflation data. State of play: Surveys and anecdotes about price increases are piling up.

3 days ago | axios.com | Emily Peck

Illustration: Aïda Amer/AxiosBusinesses say they're raising prices on goods unaffected by tariffs, per a survey by the Federal Reserve Bank of New York out Wednesday morning. Why it matters: This could be a sign that companies are using the new tariffs as an excuse to raise prices across the board — as happened during President Trump's first term. How it works: About 110 manufacturers and more than 200 service firms in the New York and New Jersey area were surveyed during the first week of May.