US economy shows new sign of resilience; Senate funds ICE after all-nighter |
US economy shows new sign of resilience; Senate funds ICE after all-nighter
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June 5, 2026 | By Cate Martel
Today in DC: ☀️ 88° View Online | Sign up
Happy Friday! I’ve been listening to Taylor Swift’s new “Toy Story 5” song all morning. “Man, it’s been a while, But I knew it, I knew you.” 🎵
May jobs report beats expectations
May jobs report beats expectations
Trump rebrands America 250 concert after dropouts
Trump rebrands America 250 concert after dropouts
Senate funds ICE after pulling all-nighter
Senate funds ICE after pulling all-nighter
Graham Platner disputes new allegations
Graham Platner disputes new allegations
Free doughnuts today at Krispy Kreme, Dunkin’, etc.
Free doughnuts today at Krispy Kreme, Dunkin’, etc.
Why the Trump team can exhale this morning:
AP Photo/Marta Lavandier, File
U.S. employers added a much higher-than-expected number of jobs in May. 172,000 jobs were created last month, more than double what economists had predicted.
Why this is a particularly good sign: Energy prices have been unsteady since the U.S. and Israel started its war with Iran. This shows resilience in the U.S. economy.
What industries helped the job market: Many of the new jobs were in the hospitality and healthcare sectors, the Wall Street Journal noted. As for the new hospitality jobs, the upcoming World Cup certainly helped that.
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WHAT’S HELPING THE ECONOMY? CONSUMER SPENDING:
Americans are still spending and that’s fueling the economy, writes The Washington Post’s Rachel Lerman, but rising prices may impact that.
“One significant warning sign is flashing: Consumers are dipping into their savings and setting less aside to keep up with their spending. The personal savings rate fell to 2.6 percent in April, the lowest level in nearly four years, and the second poorest showing since the height of the Great Recession.” Read more: ‘Americans’ spending is fueling the economy, but it might not last’
Rebranding the America 250 concert to the ‘Greatest Rally, EVER!’:
President Trump announced a change in plans for the “Great American State Fair” on the National Mall after several artists dropped out.
Instead, he will hold a rally in Washington to commemorate America’s 250th birthday.
Rapper Vanilla Ice says he hopes to perform. Country singer Lee Greenwood and tenor Christopher Macchio are also expected to sing. List of performers
Trump says today that “we don’t want singers with no talent.”
NEW REPORTING FROM A WHISTLEBLOWER:
Trump officials had planed to mark 2.7 million living people, including U.S. citizens and legal permanent residents, as dead as part of its immigration enforcement plan, a whistleblower told The Washington Post.
The Post notes this would have “effectively [erased] people from the financial system, potentially cutting them off from wages, banking, government benefits and........