President Donald Trump promised that 2026 would be a bumper year for economic growth. Instead it's kicked off with job losses, rising gasoline prices and more uncertainty about America’s future. In his recent State of the Union address, Trump said "the roaring economy is roaring like never before.” The latest batch of data on jobs, gasoline prices and the stock market suggests otherwise. There's a gap between the boom that Trump has predicted and the results he's produced. And that could set the tone in this year’s midterm elections as he tries to defend Republican majorities in the House and Senate.

U.S. President Donald Trump appeared to rule out talks with Iran absent its “unconditional surrender.” Israeli warplanes pounded Beirut and Tehran on Friday as Iran launched another wave of retaliatory strikes against Israel and Gulf countries on the seventh day of the war. The strikes in Lebanon were the heaviest since a 2024 ceasefire ended the last war between Israel and the Iran-backed Hezbollah, who fired rockets at Israel in the opening days of the latest conflict. More than 95,000 people have fled Beirut’s suburbs and southern Lebanon after sweeping Israeli evacuation warnings. The U.S. and Israel have battered Iran with strikes, targeting their military capabilities, leadership and nuclear program. The stated goals and timelines for the war have repeatedly shifted.

The Trump administration is following through with its threat to designate artificial intelligence company Anthropic as a supply chain risk in an unprecedented move that could force other government contractors to stop using the AI chatbot Claude. The Pentagon said in a statement Thursday it has “officially informed Anthropic leadership the company and its products are deemed a supply chain risk, effective immediately.” The decision appeared to shut down opportunity for further negotiation with Anthropic, nearly a week after President Donald Trump and Defense Secretary Pete Hegseth accused the company of endangering national security.

In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds. Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record’’ are “entitled to benefit’’ from the Supreme Court ruling that struck down sweeping double-digit import taxes President Donald Trump imposed last year under the 1977 International Emergency Economic Powers Act (IEEPA). Eaton also wrote that he alone “will hear cases pertaining to the refund of IEEPA duties.’’ The ruling offers some clarity about the tariff refund process, something the Supreme Court did not even mention in its Feb. 20 decision.

President Donald Trump, his Treasury secretary and his choice to lead the Federal Reserve believe they can coax the U.S. economy into partying like it’s 1999. They are putting their faith in artificial intelligence to duplicate what happened when another technology arrived in the 1990s: the internet. Back then, the American economy surged as businesses became more productive, unemployment tumbled and inflation remained in check. Trump is confident that his nominee to become Fed chair, Kevin Warsh, can unleash an even greater economic bonanza by jettisoning what the president sees as the central bank’s hidebound reluctance to slash interest rates. But many economists are skeptical.

There’s little that Donald Trump has cherished more in his second term than tariffs, a symbol of his imperious approach to the presidency. He has raised and lowered them at will, rewriting the rules of global commerce and daring anyone to stop him. Now that may be over, the victim of a stunning rebuke from the Supreme Court on Friday. Trump called the ruling “ridiculous” and said he is looking for other laws to keep tariffs in place. Democrats say the decision proves Trump broke the law. Polling from AP-NORC finds that most adults oppose tariffs and expect higher prices because of them.