Wonkbook: Americans' confidence in a Trump economic boom is fading

By Heather Long President Trump's election was followed by ...   The latest economic and domestic policy from Wonkblog   President Trump enjoyed a surge in economic sentiment after his election, but there are signs that is starting to fade. (Sean Gallup/Pool photo via European Pressphoto Agency) By Heather Long President Trump's election was followed by a massive surge in confidence about the U.S. economy. Just about everyone — small business owners, big business executives, investors and consumers — was more upbeat, according to numerous polls and surveys of sentiment. But the euphoria is starting to fade. It could be a big problem for Trump, who promised his base a turbocharged economy. Small business optimism is on the decline. The latest NFIB Small Business Optimism Index for June came out Tuesday and was lower than expected. The National Federation of Independent Business blamed "the mess in Washington" for the pullback. "Small business optimism has been flying high for months based on the expectation that Congress will cut taxes and reform health care. Washington has not delivered," the NFIB wrote. It's a far different tone than the NFIB's hopeful report in January when the index hit a 12-year high. The disappointing small business report comes on the heels of a sharp drop in the Gallup polling data on how people feel about the economy. Read the rest on Wonkblog. Chart of the day Heroin just keeps getting cheaper. Christopher Ingraham has more. 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