“White House officials have decided not to release updated economic projections this summer, opting against publishing forecasts that would almost certainly codify an administration assessment that the coronavirus pandemic has led to a severe economic downturn,” the Washington Post reports. “The White House is supposed to unveil a federal budget proposal every February and then typically provides a ‘mid-session review’ in July or August with updated projections on economic trends such as unemployment, inflation and economic growth.” “Budget experts said they were not aware of any previous White House opting against providing forecasts in this ‘mid-session review’ document in any other year since at least the 1970s.”
MAGA ....? Only one in six say their financial situation improved after three years of Trump: report According to a report at Bloomberg, few Americans believe their financial situation improved after over three years under the administration of Donald Trump. The report notes that a survey commissioned by Bankrate.com revealed that, “The ‘Trump Bump’ hasn’t benefited most Americans, with fewer than one in six saying their personal finances have improved since Donald Trump became president.” According to the survey, despite claims from the president that he has led America to its best economy ever, few are reaping the rewards if there are any. “Almost twice as many respondents said they’re worse off since Trump moved into the White House in January 2017, while about half of the U.S. adults polled, 45%, said their financial situation has stayed about the same, ” the report states before adding, “Groups likely to report doing better under Trump included men, those identifying as white, and those earning $80,000 or more annually.”