Economy In The Next 100 Days, Ukraine Minerals Deal, India And Pakistan Tension
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What economic challenges does the U.S. face in the next 100 days?
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I just feel like the best thing to do is to save and then try to stay calm. We're all sort of in the same boat.
Where is the U.S. economy headed in the next 100 days?
I'm Leila Faldin, that's Michelle Martin, and this is Up First from NPR News. Ukraine has agreed to a deal with the U.S. to jointly invest in Ukraine's minerals and other natural resources.
The agreement is designed as a win-win partnership, which gives us hope that such an agreement will actually be implemented in the long run.
But does it include security guarantees against Russia? And soldiers are exchanging daily gunfire along the border of India and Pakistan as tensions between the countries threaten to boil over. Stay with us. We'll give you the news you need to start your day.
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There's a lot going on right now. Mounting economic inequality, threats to democracy, environmental disaster, the sour stench of chaos in the air. I'm Brooke Gladstone, host of WNYC's On the Media. Want to understand the reasons and the meanings of the narratives that led us here and maybe how to head them off at the pass? That's On the Media's specialty. Take a listen wherever you get your podcasts.
When it comes to steering the U.S. economy, the Trump administration has had a rocky first 100 days.
Economic output shrank during the first three months of the year. And we asked Americans how it feels to hear that news. Jeremy Rice of Lexington, Kentucky, co-owns a home decor shop called House and remembers other slumps.
So first we had the housing crisis. Then we had COVID. So we look at this as like the next battle.
His shop sells faux flowers, mainly shipped from China. The business is not recession-proof.
How much are people really going to be able to spend when your industry or what you offer isn't something that's like life-dependent, right? Like you don't have to have something pretty to live.
Cindy Ayers-Elliott is CEO of Footprint Farms in Jackson, Mississippi. She's lost grants from the U.S. Department of Agriculture and her costs have gone up.
It's not just automotive parts. It's also food and fertilizer and gas that you use for fuel. your equipment. If it costs me more to produce, it's going to cost my neighbor or my client more to buy.
Maureen Hatfield is a retired letter carrier in Haines City, Florida. She's concerned about housing and rising prices.
I manage on a limited budget, but it's tighter and tighter at the store. Like we all joke about the price of eggs, but it really is ridiculous.
So what's in store for the next 100 days and beyond?
NPR's Scott Horsley is with us now to talk about the economic outlook. Good morning, Scott.
Good morning.
So yesterday we learned that the U.S. economy contracted during the first quarter of the year. Is the second quarter looking any better?
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