"Tariffs are expected to help reduce deficits by over $3 trillion over a decade, according to a new Congressional Budget Office report. But it also shows that companies are passing off 90% of those costs to consumers. Ordonez says Republicans have faced increasing pressure from their constituents about high costs, and the business community is afraid to invest amid economic uncertainty."
"U.S. employers unexpectedly added 130,000 jobs in January, according to a new Labor Department report. That's more than double the hiring pace in November or December. But once a year, the Labor Department updates its job tally with more accurate, yet less timely information from unemployment tax records. That revision shows that there were nearly 900,000 fewer jobs in the economy last March than originally counted. On average, employers added only 15,000 jobs a month in 2025."
Six House Republicans joined Democrats to block proposed Canadian tariffs, representing a rare GOP rebuke of the president's tariff strategy. The Congressional Budget Office estimates tariffs could cut deficits by over $3 trillion across a decade, while reporting that companies are passing about 90% of tariff costs to consumers. Republican lawmakers face constituent pressure over rising costs, and the business community cites investment hesitancy amid economic uncertainty. Labor Department data show employers added 130,000 jobs in January, but an annual revision revealed nearly 900,000 fewer jobs last March than previously reported, with average monthly gains near 15,000 in 2025.
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