A new AP-NORC poll shows Americans overwhelmingly disapprove of President Trump's handling of the economy, with only 17% approving of his handling of cost of living and just 26% approving of his overall economic management. The approval ratings have sunk to levels that rival some of the worst polling from former President Biden's term.
Senator Tammy Duckworth and Representative Grace Meng reintroduced the Mom Economy Resolution to promote and empower mothers in the workforce, framing it as a response to what they characterize as Trump administration policies that are harming families and the economy.
The Federal Reserve kept its benchmark rate unchanged at 3.50%-3.75% on July 29, but three policymakers voted for a 25-basis-point hike—the first three-member dissent since 2016. Markets had priced in roughly 35% odds of a surprise hike.
Fractures are emerging within the GOP over President Trump's economic plan as the 2026 midterm election year begins, despite Trump's efforts to rally House Republicans at the Kennedy Center in Washington.
