House SALT Deal Will Have to Change, Senate Leader Says

Published on June 4, 2025

Sen. John Thune believes the $40,000 maximum deduction is not acceptable to his chamber.

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ISM Services PMI Contracts for First Time Since June 2024

June 4, 2025
The Institute for Supply Management (ISM) released its May Services Purchasing Managers' Index (PMI), with the headline composite index at 49.9—below the forecast of 52.0. This marks the first contraction for the index since June 2024.

Vehicle Sales: May 2025

June 4, 2025
The moving average for the per-capita light vehicle sales series peaked in August 1978. Almost 50 years later, it is down 36.0% from that peak.