good morning! It’s Daniel de Vis with your daily money. Happy Consumer Friday! But first, let’s talk about immigration.
From gas stations in Phoenix to construction sites in Tallahassee, the cross-country workplace raids are wary of businesses who suddenly find themselves at the intersection of Trump administration’s immigrant crackdown.
The sudden rise in immigration enforcement activities is usually the departure of federal authorities who avoid chasing businesses.
Immigration, California, the US economy
The Trump administration has also stepped up deportation efforts in California, featuring immigrant raids at restaurants, traffic stops and routine legal check-in.
The effort, popular with voters in polls, has sparked protests. In the long run, economists warn that this could mean fewer immigrants, prompting labor shortages and slowing economic growth.
“Big and Beautiful Invoice” Supports the Rich
According to a new analysis by Congressional Budget Office, the law called “One Big Beautiful Bill” by President Trump will increase the resources of middle and top earners at the expense of low-income Americans.
Over the period from 2026 to 2034, nonpartisan CBOs analyzed the combined effects of tax cuts on the House bill and reductions in federal programs, including Medicaid and nutrition support. The mega bill is currently in the Senate considering changes.
The analysis found.
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About daily money
Every day, Daily Money will provide you with the best consumer and financial news from USA Today, breaking complex events, providing you with the TLDR version, and explaining how everything from the Fed rate to bankruptcy will affect you.
Daniel de Vice covers USA Today’s personal finances.