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Economy

Pro-choice advocates rally outside the US Supreme Court

Abortion Bans Not Only Harm Patients, But Cost US Economy $140 Billion: Analysis

States that deny people's bodily autonomy limit "their ability to pursue the education and career options that are right for them, and to build financial stability," said the Institute for Women's Policy Research president.

Jessica Corbett
Jun 16, 2026

Reproductive rights advocates and experts have long highlighted the dangers of abortion bans to people's health, but amid a wave of new state-level restrictions in the wake of Roe v. Wade's reversal, some have also recently emphasized the economic impact, as detailed in an analysis published Tuesday by the Institute for Women's Policy Research.

"IWPR's latest estimates show that states with the most restrictive abortion policies could cost the national economy nearly $68 billion annually in lost earnings, up from $64 billion in last year's estimate," according to the analysis. "Historically, legal abortion access has increased women's labor force participation and earnings. IWPR's analyses suggest that abortion restrictions continue to erode those gains nationwide, reducing women's labor force participation and earnings potential while weakening state and national economies in the process."

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abortion
"America is Not for Sale" Rally Against Trump's Crypto Dealings

'This Has to Be Stopped': Alarm As Trump's Crypto Firm Set to Get Federal Banking Privileges

"For the first time in history, a president is leaning on a bank regulator to give his private enterprise the implicit backing of the federal government," said one critic.

Brad Reed
Jun 16, 2026

Critics expressed alarm on Tuesday amid a new report suggesting that President Donald Trump's cryptocurrency firm is about to get federal banking privileges.

As reported by NOTUS, the Office of the Comptroller of the Currency (OCC) in the coming weeks is expected to approve a national trust bank charter for World Liberty Financial, the crypto startup founded by members of the Trump family and the family of Trump Middle East envoy Steve Witkoff.

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cryptocurrency
SpaceX

Supercharged by Trump-GOP Tax Cuts, US Billionaire Wealth Surges Past $9 Trillion for First Time

"This broken political and economic system takes from the vast majority of Americans and consolidates wealth in the hands of a privileged few. It cannot stand."

Jake Johnson
Jun 16, 2026

The collective wealth of US billionaires reached a record $9.24 trillion this month—an increase of around $2.2 trillion compared to the same time last year—while millions of Americans struggled to afford groceries, healthcare, and other basic necessities as inflation driven by President Donald Trump's illegal Iran war eroded their wages.

Americans for Tax Fairness (ATF) published an analysis Tuesday detailing the explosion of billionaire wealth and noting that "over the last 12 months, US GDP (unadjusted for inflation) rose just 6%, meaning this wealth expansion is not trickling down to broad-based prosperity." AFT's billionaire wealth total includes the net worth of Elon Musk, who reached trillionaire status last week with the public debut of his rocket company, SpaceX.

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billionaires
President Trump Attends G7 Summit In Evian, France

In 'Grotesque Billionaire Bonanza,' 41 Energy Tycoons Saw Fortunes Grow by $23.5 Billion Since Trump Launched Iran War

“Conflict devastates countries and costs countless lives, yet for some it is extraordinarily profitable,” said the executive director of Oxfam International.

Stephen Prager
Jun 15, 2026

While much of the world is holding out hope that the US-Israeli war against Iran may finally be reaching an end amid news of a ceasefire agreement, the billionaire owners of some of the world's largest energy companies may not be so thrilled.

A handful of just 41 energy industry barons in Group of Seven (G7) countries collectively increased their wealth by $23.5 billion since the war was launched in late February, according to a report released by Oxfam International on Monday, as the leaders of the world's largest industrialized economies meet in France this week.

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inequality

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'This Has to Be Stopped': Alarm As Trump's Crypto Firm Set to Get Federal Banking Privileges

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