Politics in 2023 displayed both narrow majorities and unusual instability. Kevin McCarthy became House speaker after 15 ballots in January, then became the first speaker removed by a chamber vote in October. Former president Donald Trump faced four criminal indictments, beginning with his April arraignment in New York, while campaigning for another term. The Supreme Court sharply limited race-conscious college admissions, and Congress avoided default after a debt-limit agreement but came close to a government shutdown.
Economic news mixed resilience with disruption. Silicon Valley Bank failed after a rapid deposit run exposed losses and heavy reliance on uninsured technology-sector deposits; Signature Bank and First Republic also failed. Inflation slowed from its 2022 peak and unemployment stayed low, though higher interest rates strained borrowers. Organized labor staged prominent actions in auto manufacturing, entertainment, health care and other sectors. The United Auto Workers used a selective Stand Up Strike against Ford, General Motors and Stellantis before members ratified new contracts.
Disasters left deep local effects. A Norfolk Southern freight train derailed in East Palestine, Ohio, releasing hazardous materials and prompting an evacuation. Wind-driven fires devastated Lahaina and other Maui communities, killing 102 people and destroying more than 2,200 structures. Abroad, Hamas attacked Israel on October 7 and Israel began a war in Gaza, producing a humanitarian crisis and intense US debate. The Kansas City Chiefs won the Super Bowl, the Texas Rangers won their first World Series, Everything Everywhere All at Once won Best Picture, and Time selected Taylor Swift as Person of the Year.
Gold dots on the calendar above mark these dates. Articles are researched from primary and authoritative sources listed on each page.