New York Today

By the People, for the People

Economic Policy

Recent news

Wall Street Embraces Trump's Energy Abundance Vision

The stock market has become 'unmistakably Trumpian' in its focus on cheap, abundant energy as the key to economic growth.

Texas Outpaces New York in Renewable Energy Development

Deregulation, limited local opposition, and grid investments fuel Texas' renewable energy boom, while New York struggles to meet its climate goals.

AARP: New York Seniors Face Financial Distress Over Rising Utility Costs

Survey highlights significant concern among those 50 and older, with calls for state action to make energy more affordable.

State Leaders Warn of Possible Price Gouging as Middle East Conflict Disrupts Supply Chains

Conflict in the region has impacted shipments of oil, pharmaceuticals, fertilizers, and more.

New York Has Second-Highest Tax Rate in US

WalletHub study finds New York ranks near the top for income, real estate, and sales taxes

Treasury Secretary Says 15% Global Tariff Could Begin 'Sometime This Week'

Bessent says tariff rates expected to return to 'old rate' within 5 months

Top Fed Official Calls for Extended Rate Pause Amid Inflation Concerns

Beth M. Hammack, president of the Federal Reserve Bank of Cleveland, says it's too early to gauge the economic impact of the Iran war and backs holding interest rates steady for 'quite some time'.

Iran War Disrupts Global Cargo Supply Chains Beyond Oil

Conflict halts oil tanker movement through Strait of Hormuz, impacting wider supply chain

New York Boosts Child Tax Credit for 2026 Tax Year

Parents in the state can claim $2,200 per child under 17 when filing taxes

New York Warns of Soaring Gas Prices Under Climate Targets

State officials say emissions reduction plan could add over $2,300 to annual household bills

New York Lawmakers Propose 'Lights On With Energy Relief' Plan

The plan aims to provide immediate financial relief to ratepayers and address long-term issues driving high energy costs.

Fertility Rates Plummet Across High-Income Countries

Experts say reversing the trend will require more than just financial incentives

New York Fed Chief Says Tariffs Hurt U.S. Businesses, Consumers

Williams warns tariffs have stalled progress toward Fed's 2% inflation goal

How America's Power Regions Chose Their Futures

A look at how U.S. power regions diverged in their electricity market designs after key FERC orders.

Supreme Court Strikes Down Trump's Global Tariffs

Ruling could have major implications for consumer prices and international trade

Fed's Logan Cautiously Optimistic on Interest Rates

Dallas Fed President acknowledges more business uncertainty after tariff ruling

Retailers Raise Prices Due to Tariffs

Walmart, Columbia Sportswear, and Levi Strauss cite Trump administration tariffs as a key factor in higher consumer prices.

New York Residents Face Rising Electricity Costs Tied to Data Centers

Lawmakers introduce bipartisan bill to limit rate hikes as digital infrastructure expands across the state.

New $25 Fee Proposed for All New York State Drivers

The fee would fund public transportation, but drivers are not happy about the added cost.

IMF Reforms: Study Reveals Complex Impact

Research shows IMF lending can align with public preferences in some autocratic countries, while democracies often resist austerity measures.