Our new book is The Comeback: The 2024 Elections and American Politics. The first year of the second Trump administration has been full of ominous developments.
The U.S. Bureau of Economic Analysis reported on May 28, 2026, that personal income edged down by less than $0.1 billion in April, a decline of less than 0.1 percent on a monthly basis. Disposable personal income, which subtracts personal current taxes from total income, fell by $19.9 billion, or 0.1 percent. Meanwhile, personal consumption expenditures rose by $111.1 billion, a 0.5 percent monthly gain.