Bill

"You cannot love your country only when you win." -- President Joe Biden, January 6, 2022

New reporting reveals the Trump admin has used $67,000,000 of National Parks entrance fees to fund Trump's vanity projects in DC. This includes the painting of the Reflecting Pool, which he doled out to a MAGA contractor for $7,000,000.

The economy isn’t just soft, it’s struggling. That's the clear message in the flood of economic data released today. Ordered from least to most worrisome: First-quarter real GDP was revised down to just 1.6% and this includes the bounce back from the government shutdown at the end of last year. Then there is the durable goods report, which showed a decline in core capital goods in April. The decline comes after some strong readings, but it's still not great. New home sales were also weaker than expected, as higher mortgage rates overwhelmed homebuilders’ incentives. Then there was the decline in real disposable income and another sharp decline in the personal saving rate, which has only been briefly lower in the housing bubble twenty years ago. Consumers are running out of financial resources to maintain their spending, which stalled out last month. And then, of course, there is the surge in inflation, which is closing in on 4%, double the Federal Reserve’s target. And of all of this, with the benefit of massive deficit-financed tax cuts, which are now fading fast. The Iran war needs to end, and the Strait of Hormuz needs to be reopened soon, or recession will become more likely than not.

Then vs. now

This morning we are introducing COGE — the Commission on Government Efficiency.

This Commission will find ways for our city to work smarter, faster, and more effectively for working people. 

New Yorkers deserve a city government as careful with their money as they are.

I’m a Pacific Palisades mom and an animal lover and I’m not falling for this grifter. Neither should you.

It will take 5+ years to replace 39 days of munitions used in the Iran war What an absolute disaster

By the end of Trump’s term, it’ll be just enough to buy one gallon of gas and a carton of eggs.

GDP revised DOWN. Mr. President please stop the winning. It’s too much!

The Trump economy in a nutshell: Corporate profits soar as workers’ incomes stay flat. My @Morning_Joe Chart

NEW: Trump net approval on inflation reaches historic all-time low of -52, becoming the first president ever to have a rating of -50 or worse.

BREAKING: @HoustonChron announces early endorsement of @JamesTalarico “The Houston Chronicle editorial board rejects Paxton’s self-serving depravity and his loyalty to Washington politics at the expense of everyday Texans. And we enthusiastically endorse James Talarico.”

BREAKING: 🇺🇸 US Q1 GDP 2nd estimate came in at 1.6% Expectations: 2% The US economy's growth is slowing down.

The American economy is on its last leg but at least we get UFC at the White House

Trump enriches himself and cronies while driving America off a cliff.

Fox Business: "1st quarter GDP coming in with a read of 1.6%. So this is a revision down. The first read was 2%, now we're coming in with a second read of 1.6%, and that is actually below the range."

NEW: US mortgage rates rise to 9-month high.

Yikes. You can see how Americans are getting squeezed financially right now. Personal incomes in the US *fell* in April (after adjusting for taxes). See the blue bar below. The savings rate fell to 2.6% in April --> one of the lowest readings in the past 20 years outside of the 2022 "revenge spend" era. This is not sustainable. People continue to spend (orange bar), but their incomes are not keeping up.

This is stunning. Personal savings rate April 2025: 5.5% Personal savings rate April 2026: 2.6% That's a sharp plunge. It underscores how squeezed Americans are right now with higher prices and incomes not keeping up. Maybe you can explain some of this away by Baby Boomers retiring, but not all of it.

BREAKING: April PCE inflation, the Fed's preferred inflation measure, rises to 3.8%, the highest since May 2023. Core PCE inflation rises to 3.3%, the highest since October 2023. The Fed's top inflation metric is nearly double their target. Inflation is back in full-swing.

New data reveals inflation just skyrocketed to 3.8% in April. This is the highest level of inflation in 3 years.