Trump administration releases $127 million in overdue funds for New York-New Jersey Gateway tunnel project president called a 'future boondoggle'
Original Report
President Donald Trump asserted that the federal government will not be responsible for any cost overruns associated with the $16 billion tunnel project.
Glass House Analysis
Central bank policy decisions made in boardrooms cascade through the economy in ways that touch everyone. A quarter-point rate change might seem abstract, but it determines whether young families can afford homes, whether businesses can afford to hire, and whether retirees see meaningful returns on their savings. The tension between fighting inflation and maintaining employment represents a fundamental tradeoff in economic policy—one that invariably creates winners and losers.
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Coach CEO: Tariffs no Longer in Play Internationally
Todd Kahn, CEO and brand president of Coach, discusses the brand’s growth, attributing much of its recent success to a strategic focus on Gen Z consumers. He speaks with Romaine Bostick and Katie...
‘I have a moral and ethical conundrum’: My husband was killed by a careless driver. I received $2 million. What do I owe my stepdaughter?
“As the children grew, life became more complicated.”
Etsy is selling Depop to eBay at a markdown, in latest move to focus on basics. Both stocks are rallying.
Etsy on Wednesday said it was selling the online secondhand-clothing site Depop to eBay for around $1.2 billion, in an effort to focus more deeply on its main marketplace business.
Doordash stock climbs 14%, reversing plunge after earnings and revenue miss
Investors have raised concerns over the company's ambitious investing plans as it ramps up its artificial intelligence and autonomous tech