Trump Gets Terrible News as His Economic Failures Compound
It’s been a terrible, horrible, no good, very bad morning for Donald Trump.At the start of Friday, a new gross domestic product report revealed that the economy had cooled in the last quarter of 2025, showing a general deceleration in growth due to large cuts to federal spending, reported Axios.Trump and his associates have ripped through the executive branch over the past year, hacking and slashing at government expenditures on the authority of what they claim is a “mandate from the people.” The result has shuttered several core agencies, including the Department of Education, USAID, and Voice of America, while others, such as the Environmental Protection Agency, have been hollowed out through enormous staff reductions.Following the Project 2025 blueprint, the president and his congressional allies also took aim at Medicaid, cutting hundreds of billions of dollars from the public health insurance program.The savings, however, will not be felt by voters. Republicans opted to spend that money elsewhere, such as on a massive budget bump for ICE and enormous tax cuts for the ultrawealthy. This will result in a near-identical level of discretionary spending for 2026 compared to the previous fiscal year, according to a preliminary analysis of federal budget records by the Penn Wharton Budget Model, as reported by The New York Times.Trump was already publicly venting about the economic revelation nearly an hour prior to the GDP report’s release, blaming the unattractive digits on Democrats.“The Democrat Shutdown cost the U.S.A. at least two points in GDP,” Trump wrote on Truth Social. “That’s why they are doing it, in mini form, again. No Shutdowns! Also, LOWER INTEREST RATES.” Trump then mocked Federal Reserve Chair Jerome Powell, writing to his followers that “two late” Powell is “the WORST!!!”The news is the second-worst thing that Trump heard about his economic agenda just this morning. A couple of hours after the report came out, the Supreme Court knocked down the president’s tariff plan, deciding 6–3 that the Oval Office’s sweeping trade reform was an erroneous overreach that breached Congress’s authority. Trump learned of the judicial rebuke while attending a White House breakfast with governors. The president had ordered cameras out of the room mere moments before the ruling was made public, though he told those gathered at the assembly that he had a “backup plan” in mind, reported CNN’s Kaitlan Collins.