May 2nd, 2025

What happened today 🇺🇸,

  • President Trump outlined his 2026 budget proposal, which would cut domestic spending by about 22% and increase defense spending by 13%…ultimately leading to cutting $163 billion in Federal spending

  • President Trump has signed an executive order to end taxpayer funding of NPR and PBS

  • Stephen Miller, Trump’s deputy chief of staff and longtime aide, is reportedly the frontrunner to become the next National Security Adviser

  • Microsoft is getting ready to host Musk's Grok AI model on its AI infrastructure

  • 55% of Americans are less likely to make a major purchase this year due to tariffs, per Redfin

  • Temu, the cheap Chinese retailer, has announced that they are halting all direct shipping from China due to the ongoing tariff situation

  • The U.S. economy added 177,000 jobs in April, above expectations of 133,000…the unemployment rate was 4.2%, in-line with expectations

  • S&P 500 has now risen for nine straight days, its longest streak since 2004

  • DOW up 1.39% / S&P up 1.47%

  • The World Health Organization plans to officially back the use of weight-loss drugs to treat obesity in adults for the first time, per Reuters

  • TikTok has been hit with a $600 million fine by European Union regulators after an investigation found TikTok sent the personal data of Europeans to China illegally and wasn’t transparent enough with users

  • Brazilian nun, Sister Inah Canabarro, who was the world’s oldest person has died at age 116

Bonus: An interesting look at in which states Americans visit libraries the most

Please follow The Simple American on X @TSimpleAmerican x.com/Tsimpleamerican

Quote of the day: “Before anything else, preparation is the key to success.” —Alexander Graham Bell

Have a great weekend!

P.S. We love connecting with our readers so…

Please email us at [email protected] for more info on any news points in the letter, feel free to give us any feedback you have, or let us know what you want more of!

Reply

Avatar

or to participate

Keep Reading