On Thursday, during the White House press briefing, Press Secretary Karoline Leavitt brought some numbers to the table on the Trump economy and federal spending. She hit on several topics, including the rescissions package, inflation, and tariffs. Here are some highlights.
First, on the rescissions package:
.@PressSec: “Last night, Senate Republicans passed President Trump’s $9 billion rescissions package … rescinding billions in wasteful foreign aid and finally ending taxpayer funding for PBS and NPR.”
Promises made, promises kept. pic.twitter.com/9s2W2U6ClJ
— Rapid Response 47 (@RapidResponse47) July 17, 2025
The Press Secretary said:
Last night, Senate Republicans passed President Trump’s $9 billion rescissions package. This will help restore more fiscal sanity in our country by rescinding billions in wasteful foreign aid, and finally ending taxpayer funding for PBS and NPR, two media organizations that have ridiculously used federal dollars to push a partisan, left-wing agenda for many years. The House should pass this rescissions package immediately and send it to the president’s desk for signature.
As of this writing, there has been no word from the House on the recissions package, which, as noted, finally fulfills the long-standing Republican promise of defunding NPR and PBS. If for no other reason, this makes passing the package worth doing. Not only are these networks biased to the point where it staggers belief, there is no authorization in the Constitution for the federal government to be funding any media outlet. This is long overdue. Sink or swim, PBS and NPR!
Next, on tariffs:
.@PressSec: Tariff revenues have totaled more than $113 billion since @POTUS entered office, helping to lead a budget surplus in June for the first time in nearly a decade. We are truly entering a Golden Age as a result of these pro-growth and America First trade policies. pic.twitter.com/HUpCm2UyOG
— Rapid Response 47 (@RapidResponse47) July 17, 2025
The Press Secretary said:
President Trump has ended the era of economic surrender and implemented powerful tariffs to stand up for our workers and businesses and rebalance trade agreements. Despite all of the doomcasting from so-called experts, claiming that these tariffs would be the end of the world as we know it, the opposite has occurred. Tariffs are not inflationary, as President Trump has said all along. In reality, tariffs are a source of massive revenue. We’re seeing trillions of dollars in private investment pour into our country right now. Because the companies around this world want to make their products right here, with American labor, and not have to pay any tariffs at all. Customs and tariff revenue has already totaled more than $113 billion since President Trump entered office, helping to lead a budget surplus in June, for the first time in nearly a decade. We are truly entering a golden age as a result of these programs, and America First trade policies.
Full disclosure: I was skeptical about the tariff plans, even in President Trump’s first term. I’m a free-trade sort, and ideally, the nations of the world would all trade with each other as equals, without tariffs, custom fees or duties. But this isn’t an ideal world. Other nations don’t play fair. President Trump has shown that he’s willing to scale back tariffs as part of trade deals, and that seems to be working.
And, finally, on inflation:
.@PressSec: “Biden’s inflation crisis has been defeated.”
Trust in President Trump! pic.twitter.com/aPNIw9O0Jh
— Rapid Response 47 (@RapidResponse47) July 17, 2025
Again, the Press Secretary said:
Biden’s inflation crisis has been defeated. Prices paid to American businesses for goods and services were flat in June. Which is lower than all 50 forecasters in the Bloomberg survey predicted. In core inflation, which is the best measure of inflation, it came in lower than expected again, in the month of June. Since President Trump took office, core inflation has tracked at just 2.1 percent overall, and has come in below or at economists’ expectations every single month. Wages are growing at a strong pace, and prices are falling for everyday Americans. We also saw prices for new and used vehicles and airfares drop last month. In addition, prices for gas, fuel oil and energy commodities, hotels, airfare, public transportation and fresh vegetables are all down over last year. As we said all along, trust in President Trump.
In summary? So far, it’s working. The inflation beast has, for now, been tamed.
Read More: Big: Treasury Posts Unexpected Surplus for June, Thanks to Tariffs
Wholesale Inflation Numbers Remain Flat in June, Doomsdayer Dems and Their Media Lackeys Hardest Hit
Inflation is under control. The United States is striking trade deals. The House and Senate are scraping away at federal spending, although there’s a long, long way to go on that front. But every journey begins with a first step, and President Trump’s first six months have resulted in several steps. And we have three and a half more years to go.
Nope. Not tired of winning.
Editor’s Note: The Deep State is working overtime to subvert President Trump’s agenda and the will of the people.
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