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WHITE HOUSE ECONOMIC ADVISER HASSETT: HOPE RECONCILIATION BILL WILL BE DONE BEFORE JUNE -FOX BUSINESS

2026-04-09

WHITE HOUSE ECONOMIC ADVISER HASSETT: HOPE RECONCILIATION BILL WILL BE DONE BEFORE JUNE -FOX BUSINESS

Other News
2026-04-09

EU economy commissioner Valdis Dombrovskis warned that the bloc still faces a “stagflationary shock” of weak growth and higher inflation despite the US–Iran two-week ceasefire easing energy tensions, and said the European Commission is preparing to c

EU economy commissioner Valdis Dombrovskis warned that the bloc still faces a “stagflationary shock” of weak growth and higher inflation despite the US–Iran two-week ceasefire easing energy tensions, and said the European Commission is preparing to cut its 2025 growth forecast. Before the conflict, the Commission projected EU growth of 1.4% this year and 1.5% in 2027, with inflation just above 2%. Internal scenarios now show growth could slow by up to 0.4 percentage points if energy prices normalize by end-2026, or by 0.6 points this year and next if normalization is delayed, while inflation could rise by up to 1.5 percentage points in the more severe case. Dombrovskis said uncertainty remains high regarding the Iran conflict’s economic impact and warned fiscal responses must remain temporary and targeted.
2026-04-09

German Chancellor Merz: Energy cost relief measures need to be targeted and must not lead to supply shortages.

German Chancellor Merz: Energy cost relief measures need to be targeted and must not lead to supply shortages.
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