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# U.S. economy shrinks
- URL: https://utahpolitics.news/u-s-economy-shrinks/
- Published: 2025-04-30T13:31:48.000Z
- Updated: 2025-07-09T15:47:30.000Z
- Author: Bryan Schott
- Tags: Morning Memo

## Wednesday, April 30, 2025

## ⏰ Tick Tock

8 days remaining to verify signatures for the HB267 referendum. (5/7/2025)  
105 days to Utah's 2025 municipal primary elections (8/12/2025)  
189 days until Election Day (11/4/2025)  
553 days until the 2026 midterm elections (11/3/2026)

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## Utah Headlines 

Utah seeks to restore Medicaid work requirements under Trump. \[[Utah Political Watch](https://utahpolitics.news/utah-seeks-to-restore-medicaid-work-requirements-under-trump/)\]

Salt Lake County sells portion of Salt Palace to Smith Entertainment Group for $55M. \[[KSL](https://www.ksl.com/article/51302898/salt-lake-county-sells-portion-of-salt-palace-to-smith-entertainment-group-for-55m-?ref=utahpolitics.news)\]

Report: Federal government helps fund Utah schools – but in shrinking amounts. \[[Deseret News](https://www.deseret.com/utah/2025/04/29/gardner-report-examines-federal-education-funding-in-utah/?ref=utahpolitics.news)\]

Zion National Park, surrounding areas haven't felt tourism downturn...yet. \[[Fox 13](https://www.fox13now.com/news/national-politics/president-trumps-first-100-days/zion-national-park-surrounding-areas-havent-felt-tourism-downturn-yet?ref=utahpolitics.news)\]

"The West will lead": Utah, Idaho, Wyoming team up on nuclear energy development. \[[Utah News Dispatch](https://utahnewsdispatch.com/2025/04/29/utah-nuclear-hub-state-leaders-team-up-with-idaho-national-laboratory/?ref=utahpolitics.news)\]

Power bills for many Utahns are going up. Here's why. \[[Tribune](https://www.sltrib.com/news/business/2025/04/30/rocky-mountain-power-customers/?ref=utahpolitics.news)\]

Utah refugee resettlement program finds self-sufficiency amid federal funding cuts. \[[Utah News Dispatch](https://utahnewsdispatch.com/2025/04/30/utah-refugee-resettlement-program-finds-self-sufficiency-amid-federal-funding-cuts/?ref=utahpolitics.news)\]

Utah farmers signed up for federally funded therapy. Then the money stopped. \[[Tribune](https://www.sltrib.com/news/health/2025/04/30/why-utah-farmers-are-struggling/?ref=utahpolitics.news)\]

## National/International

Despite Trump's promised cuts, U.S. spent about $220 billion more in first 100 days than last year. \[[CBS News](https://www.cbsnews.com/news/trump-promised-cuts-spent-200-billion-more/?ref=utahpolitics.news)\]

Wall Street banks predict GDP contraction after U.S. trade deficit hits record. \[[Financial Times](https://www.ft.com/content/3d7e09e4-d5f9-4c56-8765-b1f9d4e876ca?ref=utahpolitics.news)\]

U.S. economy contracts for first time since 2022 on imports surge. \[[Bloomberg](https://www.bloomberg.com/news/articles/2025-04-30/us-economy-contracts-for-first-time-since-2022-on-imports-surge?ref=utahpolitics.news)\]

UPS says it is cutting 20,000 staff and shuttering over 70 facilities. \[[Business Insider](https://www.businessinsider.com/ups-to-cut-20-000-jobs-cost-cutting-efforts-2025-4?ref=utahpolitics.news)\]

Consumer confidence slides for fifth straight month. \[[Barrons](https://www.barrons.com/livecoverage/stock-market-today-042925/card/consumer-confidence-slides-for-fifth-straight-month-Dic6GVb5qpdSYqhn36AN?ref=utahpolitics.news)\]

House Republicans shut down a tool allowing members of Congress to force votes demanding information from the Trump administration. \[[New York Times](https://www.nytimes.com/2025/04/29/us/politics/house-republicans-trump-information.html?ref=utahpolitics.news)\]

GOP lawmakers unnerved by Trump's intensifying fight with judiciary. \[[The Hill](https://thehill.com/homenews/senate/5273838-trump-judiciary-conflict/?ref=utahpolitics.news)\]

Trump administration tells Congress it plans to label Haitian gangs as foreign terror organizations. \[[Associated Press](https://apnews.com/article/trump-haitian-gangs-foreign-terror-organization-f427fd0b07c0ac7c396b192e0271cdc1?ref=utahpolitics.news)\]

President Donald Trump lied 32 times during his lengthy interview with Time. \[[Washington Post](https://www.washingtonpost.com/politics/2025/04/30/trump-falsehoods-100-days-time-magazine/?ref=utahpolitics.news)\]

## Briefly...

USDA withdraws plan to limit salmonella in raw poultry. \[[Food Dive](https://www.fooddive.com/news/usda-withdraws-salmonella-raw-chicken-turkey-poultry-food-safety/746613/?ref=utahpolitics.news)\]

COVID vaccine works faster with both doses in the same arm. \[[Nature](https://www.nature.com/articles/d41586-025-01326-2?ref=utahpolitics.news)\]