While working families are facing a crushing affordability crisis, Elon Musk became the first trillionaire. We are seeing the effects of a system that has never worked for working people. But we are clear: Working families deserve better! I will continue fighting to pass my Living Wage for All Act, my Pensions for All Act, and my Equal Tax Act. We will not stop until working families are guaranteed EVERY SINGLE THING we need to thrive.

"Bolivia’s history with shock therapy helps explain the explosive reaction to Paz’s emergency economic package...in the absence of dialogue with social movements, what began as opposition to specific policies quickly evolved into demands for his resignation," @ecuarauz writes in @thenation. thenation.com/article/world/…

"New research from @ceprdc shows that infant mortality in #Cuba has more than doubled since 2018, from roughly 4 deaths per 1,000 live births to nearly 10 today," @richardbranson & @BrettPerlmutter wrote in reference to our recent report in @PostOpinions. washingtonpost.com/opinions/…

.@arindube explains what we stand to gain from increasing the minimum wage is DRASTICALLY more beneficial than anything we lose. #economics #minimumwage #USPolitics #mostlyeconomics youtube.com/watch?v=nfrbbEkH…

Hawaii just passed the first state law in the country banning corporations from making political donations in state elections. Now a Koch-backed legal group is suing to overturn it. Big Money won't get out of our politics without a fight — one that we the people must win. (via @LeverNews)

.@arindube joins @deanbaker13 on #MostlyEconomics to talk about The Wage Standard and why raising pay for more workers is better for everyone. NEW #PODCAST EP out now. Watch: youtu.be/nfrbbEkH1i0

Funding war over providing food and shelter for the elderly is now a part of Trump’s Agenda. Trump’s budget proposed an increase of $700 billion for defense, when the Social Security board of trustees will face a $314 billion shortfall in 2034. Funding social security is not a problem. It’s just not a priority for Republicans. More from @deanbaker13: cepr.net/publications/the-so…

Trump issues new Venezuela licenses to spur investment; State Dept blocks Petro-Mamdani meeting as Trump reiterates De la Espriella endorsement; and top Pentagon official admits boat strike may have killed trafficking victims. These updates and more here ➡️cepr.net/publications/americ…

.@Project21News's Horace Cooper has it backward. The kinds of policies we're seeing under this administration is specifically helping Black Americans *become unemployed.* A year ago, @algernon_austin showed how Trump is especially harming Black workers in “The Best Black Employment States — And How the Trump Administration is Hurting Them” Trump is gutting public sector jobs — historically the most important path to stable, middle‑class employment for Black people. To pretend otherwise is harmful, disingenuous, and irresponsible. Dr. Austin's report: cepr.net/publications/best-b…

Thanks to Trump's tax cuts for the rich, Social Security's trustees warn the program will be unable to pay out full benefits by 2032. There's only one way to reverse this trend. Scrap the cap on income subject to Social Security taxes.

.@BrandonNovick explains how the GOP's "One Big Beautiful Bill" claims to cut federal spending, yet it has ~0~ provisions addressing #MA fraud. Republicans even rejected Sen. Cassidy's No Upcode Act. Meanwhile MedPAC estimates $76B in overpayments this year alone. bit.ly/3RQFxl1

"This is a trillion-dollar alarm bell that should wake governments up to the need to take action." commondreams.org/news/elon-m…

NEW: Insurance companies submitted fake diagnosis codes to steal $461M from #Medicare in 2021 alone. The government found out, then gave insurers a $13B payment increase anyway. This is what corporate capture looks like. More from @BrandonNovick:  bit.ly/3RQFxl1

Inflation is so high that it's erasing all wage gains. Inflation: 4.2% in May for the past year Wage growth: 3.4% in May for the past year. Americans are getting squeezed financially. This isn't just "bad vibes" about the economy. There is real pain, especially for middle-class and lower-income households. It's tough because so many basic items are seeing sizable price increases: gas, electricity, food, medical care.

But still no money for healthcare, SNAP, Social Security, FEMA...

NEW: Gas prices are down and rents are cooling, but May's #CPI report may finally show tariffs hitting prices on cars, appliances, and more. @DeanBaker13 notes what to watch for when the data drops in the morning. cepr.net/publications/may-20…

👀👀 “the value of the stock market relative to the economy is nearly twice as large as it was at the peak of the tech bubble” cepr.net/publications/ai-bub…

RM @RepGregoryMeeks: The future of Colombia must be decided by the Colombian people—not Donald Trump or any foreign government trying to tip the scales.

Working people CANNOT AFFORD a trillionaire. Billionaires are obsessed with growing their already obscene amounts of wealth, at the expense of our jobs and our safety. Organizing stronger unions and building real power for working people is the only way forward. Because greedy CEOs and AI billionaires will never withstand the collective power of our solidarity.