The NewsWorthy

Economy Shrinking, Ukraine Deal Signed & Draft Night Pranks - Thursday, May 1, 2025

May 1, 2025
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

U.S. Economy Shrinks in Q1 2025

  • The U.S. economy shrank by 0.3% annual rate in Q1 2025 for the first time in years.
  • Business stockpiling and tariffs heavily influenced this economic downturn and future shrinkage is expected.
INSIGHT

Trump Blames Biden for Economy

  • President Trump blames former President Biden for current economic setbacks.
  • The U.S. Senate failed to block tariffs in a 49-49 vote, with Vice President J.D. Vance casting a tiebreaker to keep tariffs.
INSIGHT

New U.S.-Ukraine Economic Deal

  • A new U.S.-Ukraine economic deal grants access to Ukraine's natural resources and sets up a reconstruction investment fund.
  • The deal excludes direct security guarantees, shifting focus to peace deal negotiations.
Get the Snipd Podcast app to discover more snips from this episode
Get the app