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U.S. Economy Contracts in First Quarter as Imports Surge, Spending Slows

1 day ago | breitbart.com | John Carney

Gross domestic product declined at an annual rate of 0.5 percent in the first quarter, the Commerce Department said Thursday, marking the economy’s first contraction since early 2023. The figure was revised down from the previous estimate of a 0.2 percent decline and stood in sharp contrast to the 2.4 percent growth recorded in the fourth quarter of last year.
U.S. Durable-Goods Orders Jump in May on Aircraft Surge, But Core Investment Also Strengthens

1 day ago | breitbart.com | John Carney

Orders for long-lasting manufactured goods increased 16.4 percent from the prior month to a seasonally adjusted $343.6 billion, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal had expected a 7 percent increase. Much of the gain came from a 230.8 percent jump in orders for nondefense aircraft, a volatile category that often drives large monthly swings.
'Communist Lunatic'

2 days ago | breitbart.com | Elizabeth Weibel

In a post on Truth Social, Trump criticized Democrats such as Rep. Alexandria Ocasio-Cortez (D-NY) and Senate Minority Leader Chuck Schumer (D-NY) for “backing him” and “groveling over him.”“It’s finally happened, the Democrats have crossed the line,” Trump wrote. “Zohran Mamdani, a 100% Communist Lunatic, has just won the Dem Primary, and is on his way to becoming Mayor.
'Alhamdulillah!'

2 days ago | breitbart.com | Elizabeth Weibel

In a post on X, Omar thanked the people of New York City for “not letting the bigots and corrupt billionaires prevail.” Omar’s praise of Mamdani comes after former New York Gov. Andrew Cuomo (D) conceded the race after Mamdani took a lead over the other contenders. “Congratulations @ZohranKMamdani!” Omar wrote in her post. “This is an incredible victory and testament to the people powered campaign you put together. Thank you NYC for not letting the bigots and corrupt billionaires prevail.
Powell Should Trust the Data, Not the Boston Fed's Flawed Tariff Research

2 days ago | breitbart.com | John Carney

Federal Reserve Chairman Jerome Powell made headlines last week when he warned that new tariffs could push prices higher, remarking: “Everyone I know is forecasting a meaningful increase on prices from tariffs because someone has to pay for the tariffs.”That may be true of Powell’s circle, but it’s not true of the data. And if Powell is drawing his view from the latest Federal Reserve research, he may be misled by a model that appears far more rigorous than it really is.
Schumer Hospitalized, Treated for Dehydration After Feeling 'Lightheaded'

2 days ago | breitbart.com | Elizabeth Weibel

“Leader Schumer was at the Senate gym this morning and got lightheaded,” a spokesperson for Schumer said in a statement, according to CBS News. The spokesperson added that “out of an abundance of caution” Schumer was taken to the hospital “to be treated for dehydration and is now back at work in the Capitol.”“He wants to remind everyone to drink some water and stay out of the heat,” the spokesperson added.
Dem Rep. Warns Socialist Zohran Mamdani Is 'Too Extreme to Lead' NYC

2 days ago | breitbart.com | Elizabeth Weibel

Gillen issued a statement criticizing Mamdani’s campaign as having “been built on unachievable promises and higher taxes.”“Socialist Zohran Mamdani is too extreme to lead New York City,” Gillen said.
OOPS? -- Los Angeles TV Station Updates Story that Falsely Accused Border Patrol of Abusing Landscaper

2 days ago | breitbart.com | Bob Price

KTLA posted a video on social media reporting that seven or more masked men wearing U.S. Border Patrol vests “are seen violently detaining a Santa Ana father before forcing him into the back of an unmarked car. The following day, Department of Homeland Security officials posted “the rest of the story” on social media with a video showing the man assaulting the agents with a weed wacker.
New Home Sales Plunge in May as High Interest Rates Weigh on Affordability

2 days ago | breitbart.com | John Carney

Purchases of new single-family homes fell 13.7 percent from April to a seasonally adjusted annual rate of 623,000, the Commerce Department said Wednesday. It was the largest monthly decline since the summer of 2021 and came in well below economists’ expectations. The steep pullback signals persistent weakness in the housing market, where elevated financing costs have eroded purchasing power despite price incentives and mortgage-rate buydowns offered by builders.
FIRST: FBI Adds Houston Tren de Aragua Gang Member to Most Wanted List, $3 Million Reward Offered

2 days ago | breitbart.com | Bob Price

The FBI added Giovanni Vicente Mosquera Serrano, 37, to its Most Wanted List this week after the U.S. Attorney’s Office for the Southern District of Texas obtained a warrant for his arrest. Serrano is wanted for conspiring to provide material support to a foreign terrorist organization. The U.S. Department of State designated TdA as a foreign terrorist organization earlier this year, Breitbart Texas’s Ildefonzo Ortiz reported.