The United States is currently experiencing a series of significant events that are shaping the country's political, economic, and social landscapes. In politics, the Trump administration has been making headlines with several controversial moves. The Consumer Financial Protection Bureau (CFPB) has been effectively shut down by its acting director, Russell Vought, who was the architect of Project 2025. This move came after Elon Musk wrote a message on X that said "CFPB RIP" along with an emoji of a tombstone. The CFPB has been a crucial agency in protecting consumers, having helped return about $21 billion to them since its formation in 2011.

Economically, the country is facing challenges due to recent shocks to food and energy prices. The H5N1 bird flu and a cold snap across the continental U.S. have pushed up prices of natural gas, diesel, and gas. Additionally, new tariffs imposed by President Trump on Chinese goods and Russian energy products are expected to contribute to higher prices later this year. However, the housing market is expected to cool down, with homebuilders delivering new units at a fast pace and homeowners gradually listing their properties, which should help slow services inflation.

In terms of elections, the 2025 United States elections are scheduled to take place on November 4, 2025, and will include gubernatorial and state legislative elections, as well as numerous mayoral races and other local offices. Special elections to the United States Congress will also be held to fill vacancies. Notably, three special elections are expected in Florida and New York to fill congressional seats left vacant by Republican representatives.

These events are unfolding against the backdrop of the 2024 United States presidential election, which saw Donald Trump win a non-consecutive second term, defeating Kamala Harris and Tim Walz. The election was marked by concerns over the economy, healthcare, democracy, and foreign policy, among other issues.