Economics

President Donald Trump promised to pay at least $2,000 to Americans except high earners, funded by tariff revenues, but the plan faces legal and practical hurdles after Supreme Court skepticism.

Douglas A. Irwin, Daniel W. Drezner, Hakan Yilmazkuday, Dean Baker, Robert Wolfe and 10 more

Der Spiegel, The Washington Post, The Independent and 2 more

U.S. stocks rallied on Wall Street as investors bought risk assets amid growing optimism that the federal government shutdown was nearing an end, with the Nasdaq up about 2.3%.

Laurence J. Kotlikoff, Justin Wolfers, Cem Işık, Iikka Korhonen, Will Jennings and 4 more

Spain's Defence Ministry contracted Turkish Hürjet trainer jets on 27 June 2025 for €3.12 billion, and documentary and industry sources said the deal bypassed any competitive tender.

Global stocks rose and the FTSE 100 closed at a record high as U.S. senators advanced a measure to end a government shutdown, which lifted investor sentiment worldwide.

Cem Işık, Benjamin Braun, OECD

Germany's Economy Minister Katherina Reiche proposed an "Agenda 2030", urging structural reforms and subsidy reviews, prompting likely resistance from the SPD and parts of her party.

Menzie Chinn, Katja Rietzler