700CLUBNEWS.COM: Latest News of The Day

Latest News of The Day: Economy

02:56, 2019-08-26

'I was kidding, being sarcastic': Trump defends comment that he is 'the chosen one' President Trump tweeted in defense of his comment that he is 'the chosen one' during a Wednesday press conference while discussing the trade arrangements with China....
00:17, 2019-08-25

'You bet': Boris Johnson vows to talk Trump down from trade war at G-7 Prime Minister of the United Kingdom Boris Johnson told reporters on Saturday that he intends to tell President Trump to deescalate his trade war with China during a planned Sunday meeting....
00:17, 2019-08-25

Trump Report Card: Trade war dominates Wall Street, G-7 in France This week’s White House Report Card finds President Trump culminating another extraordinary week in France at the G-7 economic summit where his latest tirade against China will dominate the talks....
14:17, 2019-08-24

Dow drops 400 points after Trump ‘ordered’ US companies from China The Dow Jones Industrial Average slid more than 350 points in the minutes following a tweet from President Trump "ordering" U.S. companies to find suppliers out of China....
07:17, 2019-08-24

Sensing vulnerability, China turns up the heat on Trump With its announcement on Friday of new 5-10% tariffs on $75 billion in U.S. goods, China is escalating pressure on President Trump. Xi Jinping senses that Trump is increasingly desperate for a trade deal. He believes he can cajole Trump into making a more China-friendly trade deal....
07:17, 2019-08-24

Dow closes 600 points down as Trump tweets fan trade war The Dow Jones Industrial Average ended Friday down more than 600 points, about 2.4%, capping a daylong slide that started after President Trump directed U.S. companies to find alternatives to Chinese suppliers....
07:17, 2019-08-24

Chamber of Commerce rebuffs Trump on China pullout The U.S Chamber of Commerce said Friday that President Trump's call for U.S. businesses to pull out of all trade with China was the wrong course. The nation's largest business trade association warned against any further escalation of rhetoric between the nations....
07:17, 2019-08-24

NLRB may change rule protecting profane speech by union activists The National Labor Relations Board may soon change the rules on how profane, verbally abusive, and racially insensitive labor activists can be and still be protected under the National Labor Relations Act. The board, the main federal labor law enforcement agency, is seeking public comment on the sub...
07:17, 2019-08-24

Business groups slam China tariff hikes and call for end to trade war escalation The business community slammed the White House's announcement Friday that it was hiking tariffs on Chinese goods. Trade associations said the continuing escalation of the U.S.-China trade war was benefiting no one....
07:17, 2019-08-24

China to slap tariffs on $75 billion in US goods China plans to slap new tariffs on $75 billion worth of American products as retaliation against President Trump’s latest round of duties in the latest escalation of the trade war between Washington and Beijing....
18:17, 2019-08-23

Trump says US businesses are 'ordered' to find alternatives to China trade President Trump on Friday directed all U.S. businesses to immediately find alternative sources for any goods they were importing from China. The comments came in response to China's announcement earlier in the day that it was enacting additional tariffs on $75 billion worth of U.S. goods....
18:17, 2019-08-23

Trump suggests Jay Powell is a 'bigger enemy' than Xi Jinping President Trump tore into the Chair of the Federal Reserve Jay Powell saying he potentially is a "bigger enemy" to the United States than the president of China....
18:17, 2019-08-23

How Politics Constrain the Federal Reserve and Other Economists Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real keys to the economic future....
11:51, 2019-08-23

Record low unemployment no insurance against a recession With recession fears starting to haunt the 2020 election, the Trump administration is pointing to factors like the nation’s historically low unemployment rate to calm nerves. The problem with that argument, economists say, is that unemployment is a lagging indicator of a recession. It doesn’t mean o...
05:17, 2019-08-23

Art Laffer warns on negative rates, saying he'd borrow as much as he could for no interest "If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the "Trumponomics" co-author says....
23:17, 2019-08-22

Reporter testing the 'availability of guns at Walmart' fails background check Hayley Peterson, a senior correspondent for Business Insider, investigated "the availability of guns at Walmart" by attempting to purchase a firearm but was unable to buy a gun after failing a background check....
23:17, 2019-08-22

Overstock CEO resigns after ‘deep state’ comments Patrick Byrne has resigned as the CEO of Overstock following comments he made about the “deep state,” and his relationship with Russian agent Maria Butina....
23:17, 2019-08-22

US manufacturing sector contracts for first time in nearly 10 years U.S. manufacturing contracted in August for the first time in nearly a decade, the most recent indicator of the effect President Trump’s protracted trade war with China is having on the economy....
23:17, 2019-08-22

Keep calm and trust in free-market democracy: Hong Kong shows how America can defeat China In our globalized economy, highly mobile capital works in favor of investors and consumers who value democratic protections. That dooms China's authoritarian model unless Beijing can force the world to submit to its peculiar form of feudal mercantilism....
23:17, 2019-08-22

Central Bankers Want to Keep Economies Growing, but Politicians Hold the Keys Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real keys to the economic future....
18:51, 2019-08-22

Art Laffer warns on negative rates, saying he'd borrow as much as he could for no-interest "If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too," the 'Trumponomics' co-author says....
16:51, 2019-08-22

Trump says he had to 'take China on,' regardless of the short-term impact on US economy President Donald Trump said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades....
10:51, 2019-08-22

AFL-CIO's Trumka warns Democratic union endorsement not automatic AFL-CIO President Richard Trumka warned Democrats on Wednesday that they could not take union endorsements for granted and would have to meet a higher bar this election cycle to get them. The leader of the nation's largest labor federation also urged Republicans to try to win union endorsements, say...
04:51, 2019-08-22

Democrats want to keep tariffs off EU olive oil Nineteen Democrats wrote U.S. Trade Representative Robert Lighthizer Wednesday to demand that the U.S. ensure that olive oil imported from Europe remain tariff-free....
00:51, 2019-08-22

CBO says Trump's tariffs hurting economic growth The nonpartisan Congressional Budget Office said Wednesday that the White House's trade policies, in particular its use of tariffs, has become a drag on economic growth and could cost families more than $500 a year....
21:34, 2019-08-21

Boeing to hire 'few hundred' workers to support grounded 737 MAX Boeing needs a “few hundred” temporary employees to help oversee its grounded fleet of 737 MAX jets as the company works to return the planes to the skies....
21:34, 2019-08-21

No mention of 'Medicare for all' from Warren or Sanders at union event Presidential candidates Elizabeth Warren and Bernie Sanders, speaking at an Iowa labor event for 2020 Democrats, both conspicuously omitted one of the most contentious issues of the 2020 primary: a total government takeover of the healthcare system....
21:34, 2019-08-21

‘Invisible’ crisis of water quality threatens human and environmental well-being: World Bank report Deteriorating water quality worldwide is slashing the economic potential of heavily polluted areas, according to a new World Bank report, released on Tuesday. It also warns that the “invisible crisis of water quality” is threatening human and environmental well-being....
07:34, 2019-08-21

Trump team braces GOP donors for a potential ‘moderate and short’ recession The White House is weighing cuts to corporate and payroll taxes, among other measures, to cushion the U.S. economy if an election-year recession hits....
01:51, 2019-08-21

Trump risks reelection crown jewel with economic silliness President Trump's economic record should be the leading selling point in his reelection campaign, but Trump is risking that record with his increasingly erratic calls for populist inflationary policies....
22:51, 2019-08-20

White House whiplash: Trump says he is considering payroll tax cut after spokesman denied it President Trump said he is mulling a cut to payroll taxes to keep the U.S. economy firing, just hours after White house officials denied the idea was under consideration....
22:51, 2019-08-20

Don't worry, a recession is still unlikely The media tells us the yield curve is inverted and this means a recession is both certain and imminent. Every media outlet that's not for President Trump has been bouncing with glee to point it out to us. There is a point to the story too: An inverted yield curve, where it costs more to borrow for s...
18:51, 2019-08-20

Stephanie Ruhle: Recessions are 'okay' and a 'normal part of economic activity’ With many speculating and predicting another economic recession is in the near future, MSNBC anchor Stephanie Ruhle said on Monday while no president wants to be in office with such economic downturn, recessions are normal....
01:00, 2019-08-20

Trump knocks Fed chairman and calls for rate cut President Trump on Monday continued his broadside against Federal Reserve Chairman Jerome Powell, saying he has a “horrendous lack of vision,” and calling for the central bank to cut its benchmark interest rate to strengthen the economy....
01:00, 2019-08-20

Kellyanne Conway blasts journalists for only covering economy when the news is bad Kellyanne Conway condemned the media on Monday for ignoring good news about the American economy and focusing only on messages of gloom following growing warnings of a looming recession....
18:17, 2019-08-19

Empower states to lift people out of poverty Since President Lyndon Johnson declared a war on poverty in 1964, the federal government has spent $23 trillion attempting to alleviate poverty. Today, we spend almost $1 trillion annually on over 80 programs to help those in need....
13:34, 2019-08-19

Farmers and ranchers caught in the middle of Trump’s trade wars The past few years have been trying times for America’s farmers and ranchers. As President Trump’s trade war with China drags on with no end in sight, the outlook for the American agricultural sector, deeply dependent on expanded market access abroad, gets ever bleaker....
13:34, 2019-08-19

'I plead guilty': Larry Kudlow admits he was wrong about 2008 recession NBC host Chuck Todd reminded White House economic adviser Larry Kudlow of his ill-fated prediction in 2007 that there was "no recession coming," as Kudlow praised current economic forecasts....
23:17, 2019-08-18

China Pressures Business Over Hong Kong. Workers Get Caught in the Middle. Beijing wants global companies to back its power over the city, even as their workers join protests calling for greater say in the fate of their home....
20:51, 2019-08-18

Trump aides reportedly convinced him to delay Chinese tariffs by arguing they'd 'ruin Christmas' Trade advisers to President Trump ostensibly appealed to his softer side, suggesting that he delay planned tariffs on China that could "ruin Christmas."...
14:34, 2019-08-18

Buying Greenland isn't a good idea — it's a great idea The reaction to President Trump's sudden interest in buying Greenland from Denmark has been mostly one of derision. And Denmark, which owns the territory, appears to oppose any sale....
18:34, 2019-08-17

No, a European-style health system isn’t the answer As candidates for the 2020 Democratic nomination present their visions for “Medicare for all,” politicians on both sides of the aisle are increasingly looking to imitate Europe’s health systems to lower the cost of healthcare. But a European system would come at the cost of lower survival rates, lon...
20:00, 2019-08-16

China threatens retaliation, calls for US to 'meet it halfway' on trade Beijing claimed Thursday that the U.S.-proposed tariffs set to go into effect on Sept. 1 violated earlier agreements made by the two countries during their trade talks and vowed to take countermeasures should the U.S. follow through. The threat roiled stock markets on Wednesday....
20:00, 2019-08-16

Stephanie Grisham ridicules Scaramucci: 'His feelings just seem to be hurt' White House press secretary Stephanie Grisham slammed former staffer Anthony Scaramucci for his recent criticism of President Trump during her Wednesday night appearance on Eric Bolling's show....
20:00, 2019-08-16

Trump lays the groundwork to avoid voters’ recession blame Between poor economic news coming out of China and Germany, the inversion of the yield curve, and trade negotiations with friend and foe alike that have no guarantee of ending positively, signs are mounting that next year’s economy might not be as upbeat as today’s. With the presidential election a ...
20:00, 2019-08-16

Woke capitalism cowers to China Over at National Review, David French asks a question to which every humanist and freedom fighter in the western world wishes a resounding affirmative answer: If China cracks down on Hong Kong, will corporate America remember its morals?...
20:00, 2019-08-16

Trump says he has 'no' fear China trade war could lead to recession President Trump said Thursday that he had no fear that Chinese economic retaliation in the ongoing trade war would lead to a recession in the U.S. He argued that China was unlikely to retaliate in the first place and it would do more damage to itself if it did....
20:00, 2019-08-16

Trump Labor nominee Eugene Scalia fought OSHA ergonomics rules from their beginning Trump labor secretary nominee Eugene Scalia fought Occupational Health and Safety Administration ergonomics regulations even before they were official....
20:00, 2019-08-16

China softens stance on trade after saying it has to take counter-measures to US tariffs "We hope the U.S. side will meet China half-way, and implement the consensus reached by the two leaders during their meeting in Osaka," China's spokesperson at the foreign ministry Hua Chunying said....
16:00, 2019-08-16

US weekly jobless claims rise more than expected First-time claims for state unemployment benefits were expected to total 214,000 for the most recent week, up slightly from the 209,000 claims reported for the previous week....
16:00, 2019-08-16

Falling mortgage rates boost homebuilder confidence, but not new construction The nation's homebuilders are feeling better about their business, as falling mortgage rates help more buyers afford homes. They are still not, however, building enough homes to meet demand....
16:00, 2019-08-16

Fed's Bullard says only a 'sustained' bond inversion would be a bearish signal The inversion of portions of the Treasury bond yield curve this week "would have to be sustained over a period of time" to be taken as a "bearish" signal for a U.S. economy, St. Louis Fed President James Bullard said....
16:00, 2019-08-16

'I belong to me': What happens in Middle America when the pools, churches, and bars all close FAYETTE COUNTY, Pa. — Between Fayette Avenue and the Monongahela River in Fayette City used to be the local swimming pool. The old sign for Crystal Pool, with a Coca-Cola advertisement atop, still looms over the lot, which is now a junkyard....
20:00, 2019-08-14

US housing debt surges to $9.4T, topping record high from 2008 Residential mortgage debt in the U.S. reached a new high in the three months through June, topping a previous record during the height of the financial crisis....
20:00, 2019-08-14

Couple Sues Law Firm Over Parental Leave, Wages and a Firing In a new challenge to its workplace culture, Jones Day is accused of unlawfully dismissing a lawyer who questioned a gender disparity in its policies....
19:34, 2019-08-14

Trump will have a harder time turning things around as the China trade war drags on No president wants to face voters in an economic downturn. But if that were Trump's only concern, he never would have pursued his haphazard trade policy in the first place, John Harwood writes....
16:00, 2019-08-14

Christmas in August: Trump delays China tariffs for ornaments, sweaters, mittens, and Santa beards President Trump said Tuesday that the White House was delaying implementing 10% tariffs on some Chinese goods in order to not disrupt the fall and winter holiday shopping season. Later that day, the U.S. Trade Representative's Office showed just how hard the Trump administration was trying to mainta...
06:51, 2019-08-14

The CBO sounds another spending alarm Just 10 months into the fiscal year, our budget deficit has already surpassed the totality of that of 2018. Currently at $867 billion, the federal government's 2019 budget deficit is slated to surpass the $1 trillion mark....
03:51, 2019-08-14

Schumer will ask Trump to divert wall funding to combat gun violence and white supremacy Senate Minority Leader Chuck Schumer plans to ask the Trump administration to divert a $5 billion wall funding allocation to programs aimed at ending gun violence and “violent white supremacist extremism.”...
03:51, 2019-08-14

Uptick in inflation may ease Fed's worries about slowing US growth Consumer prices for urban shoppers, an inflation benchmark that covers nearly 90% of the U.S. population, climbed more rapidly last month, a shift that may ease Federal Reserve concerns about a slowing economy....
00:00, 2019-08-14

Trump says he delayed China tariffs to protect Christmas shoppers President Trump on Tuesday said that this administration would hold off on 10% tariffs on some Chinese goods until after the Christmas shopping season. The announcement came the day the U.S. Trade Representative's Office was set to release a list detailing the specific products that would be covered...
00:00, 2019-08-14

Barstool Sports founder draws ire of AOC and unions for vowing to 'crush' union Barstool Sports founder Dave Portnoy drew criticism from leading labor groups and Democrats for warning his employees against unionizing, vowing that if they did form a union, he would "crush it and reassert my dominance."...
00:00, 2019-08-14

Tariff postponements prove Trump 'doesn't care' about changing China, Wyden says Top Senate Finance Committee Democrat Ron Wyden said Tuesday that President Trump's move to temporarily exclude certain Chinese products from tariffs demonstrates that he isn't interested in forcing China to change its policies. The administration announced it was making the exclusions Tuesday to pr...
00:00, 2019-08-14

Trump delays new tariffs on Chinese phones, toys until mid-December The Trump administration will delay new tariffs on some Chinese imports until mid-December after widespread complaints from businesses and exempt other items because of health, safety, and national security concerns....
18:17, 2019-08-13

China says trade talks will resume in two weeks Chinese and U.S. officials talked Tuesday and are scheduled to talk again in two weeks, Beijing's Commerce Ministry said Tuesday in a statement. The next talks will come just days before the United States' September deadline to institute new tariffs on $300 billion worth of Chinese goods....
18:17, 2019-08-13

California’s nanny state politicians might kill off Uber Uber has revolutionized the transportation industry, created a gig economy for part-time flexible employment, and improved the lives of millions of Americans....
13:17, 2019-08-13

Labor Department sends White House proposal for limited overtime expansion The Labor Department sent a proposed rewrite of the federal regulations covering overtime to the White House Monday for final approval, according to Trump administration officials....
13:17, 2019-08-13

The Trump recession could be right around the corner The signs of health risks for the U.S. economy suddenly are everywhere. And President Trump’s prescriptions for prevention would actually be poison for the patient....
13:17, 2019-08-13

Martin O’Malley is wrong: city government is out of control To some people, decades of waste, inefficiency, and failed ambition across government is somehow evidence that the public sector isn’t proactive enough in spending taxpayer dollars....
13:17, 2019-08-13

China's success is a story of capitalism eradicating poverty China gave birth to several products that helped change the course of history, such as gunpowder, the compass, and paper money. But its greatest gift to the world has been something different: Setting an example of how capitalist economic policies can help liberate hundreds of millions of people fro...
14:00, 2019-08-12

‘We are facing a learning crisis’, UN chief warns on International Youth Day Schools are “not equipping young people with the skills they need to navigate the technological revolution”, UN Secretary-General António Guterres warned, in a message released to mark the UN’s International Youth Day....
07:34, 2019-08-12

HBO's Maher prefers recession to Trump victory in 2020 HBO host Bill Maher has doubled down on his assertion that an economic recession in the United States would be welcomed if it stopped President Trump from being reelected in 2020....
06:34, 2019-08-11

Trump labor nominee Eugene Scalia played key role changing rules on tipping President Trump’s nominee to head the Labor Department, private sector lawyer Eugene Scalia, had a key role in one of the most controversial issues in workplace law in recent years: control over the tips workers receive from customers. Scalia, son of the late Supreme Court justice Antonin Scalia, re...
06:34, 2019-08-11

Trump tariff tweets thicken fog of trade war for farmers and retailers The trade war that President Trump is waging with China was burden enough for the Midwest farmers who helped put him in the White House, forcing some to have awkward conversations with lenders and others all the way into bankruptcy....
06:34, 2019-08-11

Trump 'not ready' to deal with China, says September talks may be canceled President Trump said he was "not ready" to make a deal with China on trade and that a planned September meeting between White House officials and Beijing could be called off....
03:34, 2019-08-10

Biden's stark trade reversal Democratic presidential candidate Joe Biden was once one of the most ardent cheerleaders for the Trans-Pacific Partnership, a 12-nation trade deal that President Obama helped to negotiate but failed to implement....
14:51, 2019-08-09

On deregulation, Walker's Wisconsin showed the way Before Gov. Scott Walker took office, Wisconsin was suffering from a bloated government that needed to be pared back and an economy that needed to be put back together. According to the Bureau of Labor and Statistics, the unemployment rate had reached 8.1% in December 2010. It was clear that economi...
14:51, 2019-08-09

Trump China currency manipulator designation met with congressional silence, including from Democrats who'd long sought it President Trump's designation of China as a currency manipulator has drawn virtually no reaction from members of Congress, even though a number of lawmakers have pressed for years such a move....
23:51, 2019-08-08

Pelosi leads delegation to Central America Speaker Nancy Pelosi and a dozen Democrats are traveling this week to Guatemala, El Salvador, and Honduras, where living conditions are prompting hundreds of thousands of people to seek asylum in the United States....
16:51, 2019-08-08

Businesses say they're running out of wiggle room in coping with Trump tariffs Business groups are warning Washington that adding further tariffs on imported Chinese goods will start having noticeable negative effects on the economy....
04:17, 2019-08-08

China suspends purchases from US farmers as trade war heats up Beijing's Commerce Ministry announced Monday that it had stopped buying U.S. agricultural goods in retaliation for the Trump administration's decision last week to enact new tariffs on $300 billion worth of Chinese goods....
13:51, 2019-08-07

Treasury Department designates China as a currency manipulator The Treasury Department announced Monday that it would designate China as a currency manipulator, reversing an earlier position by the Trump administration that Beijing's actions didn't meet the technical definition....
13:51, 2019-08-07

Kudlow says China trade talks still on, more farm aid possible White House economic adviser Larry Kudlow said Tuesday that despite the recent escalation in the trade war with Beijing, the Trump administration remained open to negotiations and could again halt the proposed tariffs on $300 billion worth of Chinese goods if progress was made....
13:51, 2019-08-07

Former Fed leaders fight Trump's attempts to influence central bank Four former Federal Reserve leaders are stressing the importance of an independent central bank in maintaining economic stability as President Trump attempts to influence its current chief through barbed public statements and Twitter posts....
13:51, 2019-08-07

Runaway Amrock verdict shows the dangers of letting trade secrets overtake patents Sometimes, a trade secret is the only way to go. It’s understandable that companies like Kentucky Fried Chicken, Coca-Cola, and Bush’s Baked Beans want to keep their recipes secret without filing a patent, which would mean their recipes eventually become publicly available. But in many other cases, ...
13:51, 2019-08-07

Economic prospects are dimming, and voters will notice From all indications, economic growth over the next year will be slower than in the last year. In July, citing trade-war weakness, the International Monetary Fund cut its 2019 growth estimate for the world economy from 3.3% to 3.2%, though it does expect some bounce-back next year. Looking more spec...
13:51, 2019-08-07

Trump reaching limit on China tariffs — but has other tools President Trump has nearly reached the limit in terms of what he can do with tariffs as part of the trade war with China and would have to use other tools to increase pressure....
13:51, 2019-08-07

China Uses Currency as Weapon in Trade War, Rattling Markets Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system....
22:34, 2019-08-05

What Makes China’s Currency a Weapon in the Trade War A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States....
22:34, 2019-08-05

A tariff-hungry Trump is risking his economic successes Friday's jobs numbers, positive figures pointing to the creation of 164,000 net new jobs in July, serve as a reminder that President Trump still has a very good thing going for him with this economy....
18:00, 2019-08-05

China Hints at Weaponizing Its Currency, Rattling Markets Beijing’s willingness to let the renminbi weaken could signal a new phase in the U.S.-China trade war that might ripple through the global financial system....
16:17, 2019-08-05

Factories can't keep July sizzle unless US solves trade issues U.S. manufacturers added 16,000 workers in July, the most of any month since January, but they won't be able to keep up that momentum unless Washington resolves the trade issues keeping company executives awake at night....
10:34, 2019-08-04

Heat stress spike predicted to cost global economy $2.4 trillion a year An increase in heat stress at work linked to climate change is set to have a massive impact on global productivity and economic losses, notably in agriculture and construction, UN labour experts said on Monday....
00:51, 2019-08-04

Wednesday’s Daily Brief: Switzerland leads on innovation, UNICEF ‘lifelines’ for Yemen, Ebola latest, Liberia peacekeepers Our main stories today: the latest Global Innovation Index ranks Switzerland the world’s most innovative country, the head of the UN Mission in DRC warns of a ‘deadly environment’ for health workers, UNICEF delivers cash for 9 million vulnerable Yemeni families, acting head of UNAIDS says battle aga...
00:51, 2019-08-04

Chamber of Commerce slams new Trump tariffs on China The Chamber of Commerce, the nation's largest business trade federation, slammed President Trump's announcement that he would enact tariffs on an additional $300 billion worth of Chinese goods, arguing that it would "undermine" the U.S. economy....
10:17, 2019-08-03

The Fed cuts rates and the tariff man tweets: Is the recession threat real? The latest 25 basis point interest rate cut by the Federal Open Market Committee came with the yawn it deserved, though it was one of the most anticipated cuts in recent Fed history. While the small cut did nothing to excite Wall Street and did even less to generate a positive tweet from President T...
10:17, 2019-08-03

Trump 'only kidding' about 25% tariffs on EU cars President Trump announced Friday that he had struck a deal with the European Union to put a 25% tariff on its car imports, then followed that by saying, "only kidding."...
10:17, 2019-08-03

Business groups warn new Trump China tariffs threat hurts ability to plan President Trump’s threat to put tariffs on $300 billion worth of Chinese goods has hurt businesses' ability to plan, trade groups say, even though the tariffs are at least four weeks away and trade talks are ongoing....
10:17, 2019-08-03

A pro-growth carbon tax could lower the payroll tax rate The demand for climate change action is growing, prompting many conservatives to look for policies to address climate change while holding true to the conservative values of free markets, limited government, and fiscal responsibility....
10:17, 2019-08-03

Pride Flags and Rate Cuts: Fed Loosens Up to Connect With Average Workers As part of a broader evolution, and as it moves to stave off a possible slowdown, the Federal Reserve is focusing on transparency, inclusiveness and a greater responsiveness to ordinary people....
18:34, 2019-08-02

Trump administration giving hi-tech visas new scrutiny The administration began rejecting more visa extensions for immigrants with high-tech or other specialized skills, a little-noticed policy change that will put the brakes on migration....
06:34, 2019-08-02

Big business virtue signaling is bombing with consumers Business credibility is in the tank. Results of a recent Pew Research survey depict a society-wide erosion of trust — especially for business leaders and elected officials. Only 46% of adults categorized as “medium trusters” (respondents were divided into low, medium, and high “trusters”) had “a gre...
06:34, 2019-08-02

Trump's China tariff hike draws mixed reception from lawmakers President Trump's surprise Thursday announcement that he would place tariffs on $300 billion worth of Chinese goods drew mixed reaction from Senate lawmakers....
03:51, 2019-08-02

Trump says no trade at all with China 'would be fine with me' President Trump defended his move to slap tariffs on an additional $300 billion worth of Chinese goods by saying that he would be fine if all trade between the U.S. and China came to an end....
01:00, 2019-08-02

Cryptocurrencies get pinched by the IRS One perennial challenge faced by tax policymakers and regulators is that the real world changes much faster than laws and tax rules do. The latest sign of that cropped up last week, as the IRS announced it was sending 10,000 “educational letters” to taxpayers it suspects had taxable income from cryp...
01:00, 2019-08-02

Kamala Harris has a plan to pay for healthcare, but it'll probably lose money Kamala Harris tells us that her so-called "Medicare for all" plan will be paid for by taxing Wall Street — on the grounds that Bernie Sanders' idea taxes the middle classes too much. There are only two problems with this....
01:00, 2019-08-02

The Fed should stop its interest-rate games Rather than try to figure out which placebo will best assuage the delicate psychologies of day-traders, the Federal Reserve Board should announce it anticipates a long, long pause in any interest-rate manipulation....
20:51, 2019-08-01

Trump accuses China of backtracking on trade and promises to add tariffs next month President Trump said Thursday that he would place tariffs of 10% on $300 billion worth of Chinese goods starting in September, claiming that China was refusing to live up to prior promises made in the trade talks....
20:17, 2019-08-01

Boris Johnson's Big Tech tax risks souring his friendship with Trump When France imposed a new digital services tax on Silicon Valley’s biggest companies, President Trump responded in kind, threatening a tariff on the country's wines....
15:17, 2019-08-01

Biden now opposes Trans-Pacific Partnership that Obama administration pursued Democratic presidential candidate Joe Biden said Wednesday that he now opposes the Trans-Pacific Partnership, a 12-nation trade deal for which the Obama administration sought congressional approval. Biden, then vice president, was involved in lobbying lawmakers to back the deal....
09:00, 2019-08-01

Trump needs to shift his focus to black jobs, not jabs Vice President Mike Pence told reporters in Ohio this week, "I couldn't be more proud of what we've been able to do for the African American community in this country. ... We have the lowest unemployment ever recorded for African Americans. We have more than 8,000 opportunity zones that have been ce...
09:00, 2019-08-01

Paul: Big budget deal marks 'death of tea party' Sen. Rand Paul, who was first elected in 2010 as a one of the original tea party candidates, declared the movement dead on Wednesday, citing a massive budget deal poised for passage Thursday....
05:17, 2019-08-01

Union use of inflatable rats may be curtailed The National Labor Relations Board, the federal government’s main labor law enforcement agency, may limit a favorite tactic unions employ against employers: inflating giant rats and cats and leaving them in front of work sites....
03:51, 2019-08-01

US weekly jobless claims fall to a 3-month low The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to continued strong labor market conditions....
01:00, 2019-08-01

Hedge fund manager Kyle Bass says a US-China trade deal can't be reached Hedge fund manager Kyle Bass is doubtful a trade deal between the U.S. and China can be reached and believes rate cuts are less effective these days....
01:00, 2019-08-01

Fed expected to cut rates as economy feels trade war impact, despite strengthening consumer The Fed is expected to cut interest rates Wednesday, after second quarter GDP shows inflation is still sluggish and trade wars are impacting business....
01:00, 2019-08-01

Strong consumer spending vs. weak business investment: What really matters for the US economy U.S. consumer spending, the biggest part of the economy, saved the day for the record-long expansion, but a big decline in business investments raised concerns about how much longer it can last....
01:00, 2019-08-01

Trade jitters running high at American companies ahead of new US-China talks Worries about the U.S.-China trade war are running high during the current U.S. quarterly reporting season, with tariffs mentioned in about a third of conference calls held by S&P 500 companies reporting their quarterly results....
01:00, 2019-08-01

US consumer spending, prices rise moderately U.S. consumer spending and prices rose moderately in June, pointing to slower economic growth and benign inflation that could see the Fed cutting rates for the first time in a decade....
01:00, 2019-08-01

Chinese Billionaire Indicted in $1.8 Billion Tariff Fraud Scheme Prosecutors say a company, China Zhongwang Holdings Limited, designed a plan to avoid paying aluminum tariffs and defraud investors. Liu Zhongtian, its former chairman, was also charged....
22:34, 2019-07-31

Republican Hawley introduces bill to weaken dollar to counter China Republican Josh Hawley and Democrat Tammy Baldwin introduced Senate legislation Wednesday to have the Federal Reserve weaken the dollar to promote exports, a move they said is necessary to counter China and other countries with unfair trade practices....
22:17, 2019-07-31

Thursday’s Daily Brief: Somalia bombing condemned, as UN expert calls for more international help; Africa faces locust swarms; new leaders for UN atomic watchdog and top economic body Our main stories today: senior UN officials condemn attacks on Somalia capital, and call for continued international support; the International Atomic Energy Agency and UN’s Economic and Social Council welcome new leaders; and the Food and Agriculture Organization warns of possible locust swarms in ...
21:17, 2019-07-31

Monday’s Daily Brief: Nigeria massacre, Libya shelling condemned; recycled plastic used to build classrooms in Côte d’Ivoire Our main stories today: UN chief and senior UN official condemn the ‘terrible massacre’ in Nigeria that left some 65 dead, and the shelling of a hospital in Libya that killed medical workers; UN Secretary-General António Guterres reacts to a deadly landslide in China; recycled plastic waste is used ...
21:17, 2019-07-31

Fed Cuts Interest Rates for First Time Since 2008 Crisis The Federal Reserve cut its benchmark interest rate a quarter point as it tried to insulate the economy from President Trump’s trade war and a global slowdown....
21:17, 2019-07-31

Massive spending deal poised for House passage Thursday House Democrats plan to call up a two-year deal to lift federal budget caps and suspend the debt ceiling and they say they’ve got the votes to pass it, despite criticism from conservatives....
20:51, 2019-07-31

McConnell urges Republicans: Hold your nose and pass budget deal Majority Leader Mitch McConnell urged Senate lawmakers to pass a massive federal spending and borrowing deal as Republicans registered their opposition to the measure....
20:51, 2019-07-31

Sen. David Perdue: A 'no' vote on the budget deal is a vote for more spending When President Trump set out to negotiate a budget deal, he had two primary goals: continue to reduce discretionary spending as a percentage of the economy and fully fund our military....
20:51, 2019-07-31

Bernie's campaign union strife is what he proposes for the whole country For many conservatives, the labor struggles of socialist Sen. Bernie Sanders are greatly amusing. The senator has never seen a favor to Big Labor that he didn’t support, yet his presidential campaign staff complain to the press about their working conditions. He also neglects to pay them the mythica...
19:51, 2019-07-31

GOP lawmaker blocked restrictions on lenders near military bases while wife worked for bank lobby A powerful, long-serving Republican congressman blocked a federal crackdown on predatory lenders targeting military members while his wife was working for a firm that lobbied for one of the nation’s top lender trade associations, according to financial disclosures....
19:51, 2019-07-31

Trump administration moves to broaden access to 401(k) plans for small businesses The Trump administration announced a new federal rule Monday intended to expand worker access to 401(k) retirement plans. The rule explicitly approves Association Retirement Plans, expanding and simplifying the ways small businesses and other groups can band together to offer the plans. The administ...
19:51, 2019-07-31

Warren promises bigger role for liberal groups in setting trade policy Elizabeth Warren promised Monday that she would make federal trade policy more transparent and give a bigger role labor and environmental groups in setting the policy. The top contender for the Democrat's 2020 presidential nomination said the change was intended to block corporations from setting th...
19:51, 2019-07-31

Harris announces 'landmark bill' with AOC to fight 'environmental injustice' Sen. Kamala Harris announced she was teaming up with Rep. Alexandria Ocasio-Cortez to make sure the Green New Deal would lift up low-income communities, people of color, and indigenous communities....
19:51, 2019-07-31

Trump administration overtime rule revamp expected in early fall The Trump administration's controversial revamp of federal overtime rules, which is expected to cover fewer workers than a version of the rule advanced by the Obama administration, will be announced in the early fall, according to a Labor Department official....
19:51, 2019-07-31

Aid to make up for Trump trade wars mostly going to largest farmers More than half of the $8.4 billion in aid the U.S. Agriculture Department has given out to compensate for disruptions caused by President Trump's trade wars, about $4.5 billion, has gone to the largest 10% of farms, according a study by the Environmental Working Group....
19:51, 2019-07-31

Sen. Sinema and fellow corporate-welfare fans try to ramp up the Export-Import Bank Corporate welfare is on the march on Capitol Hill. A bipartisan posse of lawmakers has proposed a bill to expand the Export-Import Bank (a federal agency that subsidizes exports) and limit its accountability, all without providing an iota of reform....
19:51, 2019-07-31

CNN analyst: Liberal Democrats proposing 'voodoo economics' Following the first night of the Democratic debates in Detroit on Tuesday, CNN analyst Gloria Borger offered front-runner Joe Biden advice ahead of his Wednesday night appearance....
19:51, 2019-07-31

White House says latest China trade talks were 'constructive,' but no breakthroughs U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin concluded two days of "constructive" trade talks with Beijing officials in Shanghai Wednesday, the White House announced, the first such high-level talks since a breakdown in negotiations between the countries in May. ...
19:51, 2019-07-31

Southwest Airlines to Leave Newark Airport as Toll of Boeing’s 737 Max Grounding Grows The carrier also said its profits were down about $175 million in the second quarter because of the troubled jet’s inability to fly after two deadly crashes....
17:51, 2019-07-31

A Recession Is Coming (Eventually). Here’s Where You’ll See It First. Economists don’t know when the decade-long expansion, now the longest in American history, will end. But here are the indicators they will be watching to figure it out....
17:51, 2019-07-31

U.S. and China Resume Trade Talks Amid Dim Prospects for Deal American officials are playing down the likelihood of an agreement as they restart negotiations with their Chinese counterparts in Shanghai this week....
17:51, 2019-07-31

Where Floods of ‘Biblical Proportion’ Drowned Towns and Farms Floodwaters swamped more than half a million acres of forest and farmland in the lower Mississippi Delta more than six months ago, gulping up highways and homes, livestock and tractors....
17:51, 2019-07-31

Echo Trump’s Tough Talk, or Lift Tariffs? Democrats Clash Over Trade Though presidential candidates appearing at a debate on Tuesday generally favored a strong approach to China, they differed over whether protectionism was the way forward....
17:51, 2019-07-31

China trade talks to start next week, Mnuchin says Treasury Secretary Steven Mnuchin said Wednesday that he will travel to China next week with U.S. Trade Representative Robert Lighthizer to resume talks with Beijing on an eventual trade deal, the first high-level talks since President Trump's meeting with Chinese President Xi Jinping late last mont...
04:17, 2019-07-25

House approves loan program for troubled pension plans The House voted 264-169 on Wednesday to pass legislation that would create a new Treasury Department agency to provide taxpayer-backed loans to endangered multiemployer pension plans and some other types of endangered plans....
04:17, 2019-07-25

Switzerland ranked as most innovative country in new UN report The World Intellectual Property Organization, WIPO, named Switzerland as the world’s most innovative country on Wednesday, during the launch of its latest Global Innovation Index, (GII) in the Indian capital New Delhi....
21:34, 2019-07-24

Wednesday’s Daily Brief: Switzerland is world’s most innovative country, UNICEF delivers cash ‘lifelines’ in Yemen, Ebola health workers in DRC face ‘deadly environment’ Our main stories today: the latest Global Innovation Index ranks Switzerland the world’s most innovative country, the head of the UN Mission in DRC warns of a ‘deadly environment’ for health workers, UNICEF delivers cash for 9 million vulnerable Yemeni families, acting head of UNAIDS says battle aga...
21:34, 2019-07-24

Justice Scalia's most lasting legacy could be his children In a 30-year career on the Supreme Court, Justice Antonin Scalia authored more than 800 opinions, forming the basis for the conservative originalist view of the Constitution. But an equally lasting legacy may turn out to be his family. The justice, who died in 2016, had nine children: five boys and ...
07:17, 2019-07-24

Dear 2020 Democrats: Small business is doing just fine right now For many people, the economy is, at this very moment, stronger than it has been at any other point in their life. The unemployment rate is hovering near its lowest point in 50 years, showing that nearly everyone who wants a job already has one. Wages are up, and quarterly economic growth has proven ...
07:17, 2019-07-24

‘We’re Full,’ Car Dealers Say as Auto Sales Slow After a Long Boom After seven years of strong growth, carmakers are selling fewer cars, cutting production and laying off workers as even inventories of unsold S.U.V.s rise....
01:17, 2019-07-24

Pelosi urges fellow Democrats to back bipartisan spending deal House Speaker Nancy Pelosi urged rank-and-file Democrats to support a bipartisan deal to dramatically raise federal spending caps and suspend the debt ceiling....
00:17, 2019-07-24

The budget agreement is a huge win for Trump's pro-life policies President Trump and congressional leaders reached a sweeping bipartisan budget on Monday to suspend the debt ceiling and increase federal spending limits. Fiscal hawks concerned with unmanageable government spending are right to be concerned. But the budget, which awaits congressional approval, does...
00:17, 2019-07-24

Trump's reckless budget deal with Pelosi provides opening for Mark Sanford primary challenge In joining forces with House Speaker Nancy Pelosi on a budget deal that would raise the debt ceiling and boost spending by $340 billion above hard-fought for limits, President Trump not only has obliterated the legacy of the Tea Party, but he has created an opening for Mark Sanford to launch a prima...
00:17, 2019-07-24

Congress clears permanent funding for Sept. 11 victims fund The Senate cleared legislation Tuesday to permanently authorize a Sept. 11 victims compensation fund, rejecting GOP amendments to put limits on the funding and to pay for the measure, by a vote of 96-2....
00:17, 2019-07-24

Boris Johnson needs Trump in order to succeed Entering No. 10 Downing Street as prime minister on Wednesday, Boris Johnson will finally attain his lifelong ambition. But he faces many challenges — challenges that President Trump can help him overcome....
19:17, 2019-07-23

Trump announces bipartisan budget agreement, would raise spending by $320 billion After negotiations with both Republican and Democratic leaders in Congress, President Trump announced the parties had come to a compromise on a two-year budget agreement....
03:17, 2019-07-23

Elizabeth Warren is not wrong about our impending economic crisis, it's just her solutions that miss the mark Sen.Elizabeth Warren has touted plenty of awful plans in her bid for the presidency, attempting to marry expansive and socializing economic policies with the nationalist rhetoric that clinched the Electoral College for President Trump. But while her hodgepodge of plans, ranging from that for "econom...
02:51, 2019-07-23

Blame for bad budget belongs with Trump’s border bluster If the emerging Capitol Hill budget deal is “the worst in history,” as one watchdog group calls it, a large part of the fault lies with President Trump’s inept “government shutdown” over funding for a border wall last winter....
20:51, 2019-07-22

Elizabeth Warren predicts economic recession 'maybe even by the end of 2020' Elizabeth Warren issued a stark warning about the economy as she rolled out a slew of proposed regulations and trillion-dollar investments amid concerns the country faces a coming recession....
18:17, 2019-07-22

Five reasons the Trump tariffs hurt the US At the G-20 summit, President Trump did an about-face and reopened negotiations with Chinese President Xi Jinping. He held off on levying additional tariffs on $300 billion more in Chinese imports, meaning that American businesses can breathe a sigh of relief — for now. But a pause on new tariffs gi...
15:34, 2019-07-22

Eugene Scalia, Trump's labor nominee, frustrated Obama's agenda with mastery of legal minutiae President Trump’s nomination of Eugene Scalia to lead the Labor Department would put one of the private-sector attorneys most responsible for frustrating the Obama administration’s labor policy agenda in charge of the current administration’s agenda....
13:17, 2019-07-20

Sanders campaign roiled by complaints it's paying less than $15 an hour to staffers Bernie Sanders' 2020 presidential bid is reportedly going through internal turmoil over staff complaints that the campaign isn't paying the equivalent of the $15 an hour wage that Sanders has backed as a federal minimum....
00:34, 2019-07-20

Top UN sustainable development forum closes with galvanized effort toward ‘empowerment, inclusiveness and equality’ In closing the High-level Segment of the Economic and Social Council (ECOSOC) on Friday, President Inga Rhonda King assured participants that the session had contributed significantly to advancing the 2030 Agenda for Sustainable Development. ...
00:34, 2019-07-20

Foreign-Owned Banks’ Results Could Sweeten Further Under Tax Law Large U.S. financial institutions reaped a windfall from the 2017 Trump tax cuts. Now foreign banks are pushing for favorable treatment from Treasury....
15:00, 2019-07-19

Battle for union members goes to the states The Supreme Court’s 2018 Janus v. AFSCME ruling, expected to be a major blow to public sector unions, has set off a battle at the state level between government unions and conservative groups over for workers' hearts and minds....
06:17, 2019-07-19

Rep. Dusty Johnson: Madam Speaker, bring USMCA to the floor ASAP Both in South Dakota and in Washington, I repeatedly hear the same thing: Support free trade but hold bad actors accountable. As Americans, our innovation and ambition has allowed us to compete and succeed in a global market, but the playing field should be even. South Dakota has benefited greatly f...
06:17, 2019-07-19

Slowing growth in home prices aggravates recession worries Growth in home prices, the main source of wealth for most Americans, is shrinking, fueling concern that the longest economic expansion in U.S. history is nearing an end....
19:00, 2019-07-18

House votes to double federal minimum wage to $15 per hour The Democrat-led House voted to raise the federal minimum wage to $15 per hour, more than double the current rate of $7.25, and the first proposed increase in a decade....
19:00, 2019-07-18

Asia and Pacific on course to miss all Sustainable Development Goals, says UN region chief Unless progress is accelerated, Asia and the Pacific are on course to miss all of the 17 Goals of the UN’s 2030 Agenda for Sustainable Development, the Executive Secretary of the UN regional commission for Asia and the Pacific (ESCAP), told UN News at the Organization's Headquarters on Wednesday....
16:51, 2019-07-18

Chamber faces conservative backlash for pushing minimum wage compromise Conservative groups are arguing that the Chamber of Commerce made a strategic mistake by suggesting a compromise with congressional Democrats on raising the minimum wage....
15:51, 2019-07-18

Trump's Cabinet and the true cost of high turnover With the departure of Alexander Acosta as labor secretary, President Trump now owns the record for the highest turnover in his first two and a half years than his five immediate predecessors did in their first term....
08:00, 2019-07-17

Will Congress put three people out of work for each one it helps? Should the national minimum wage be raised gradually from the current $7.25 per hour to $15 per hour by 2025, as proposed by the Raise the Wage Act? The Congressional Budget Office has shed some new light on the debate surrounding this high-profile bill, which was introduced by Rep. Bobby Scott, D-V...
02:17, 2019-07-17

House to vote on $15 federal minimum wage Thursday The House of Representatives will vote Thursday on legislation to raise the federal minimum wage to $15 an hour by 2026, more than double the current rate of $7.25 an hour. The legislation, titled the Raise the Wage Act, is unlikely to be picked up by the Republican-controlled Senate....
02:17, 2019-07-17

Why Midsize Cities Struggle to Catch Up to Superstar Cities For decades, smaller metropolitan areas closed the income gap with bigger, richer ones, but no longer. So places like Winston-Salem, N.C., are trying to lay a new foundation for prosperity....
22:17, 2019-07-16

Want to See What’s Next for the Economy? Try This. Would you like to know what the health of the economy will be like months ahead of time? This rarely discussed "economic indicator" has a history of serving as a useful guide. See for yourself......
21:17, 2019-07-16

Trump may leave Pizzella 'acting' labor secretary to avoid Senate fight President Trump has given little indication that he intends to formally nominate Deputy Labor Secretary Patrick Pizzella to replace departing Labor Secretary Alexander Acosta. Instead, he appears to be willing to leave Pizzella in place for the foreseeable future as "acting secretary" only, a move t...
18:51, 2019-07-16

Jerome Powell should tread cautiously with real-time payments proposal Facebook’s proposed digital currency Libra got most of the attention during Federal Reserve Board Chairman Jerome Powell's appearances before Congress last week, but a related topic looms even larger on the chairman’s plate. In the coming weeks, Powell will have to determine what role the Fed itself...
18:51, 2019-07-16

Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday, according to Adobe Analytics....
17:00, 2019-07-16

2020 Democrats have all the wrong ideas for the budget It’s no secret that the two dozen or so 2020 Democratic presidential candidates are promising a slew of new and expanded government programs that are often “universal” and “free.” Americans should be skeptical when they hear these buzzwords, which are code for “rationed” and “expensive” when Democra...
06:51, 2019-07-16

Monday’s Daily Brief: numbers of hungry people rising, millions of children need vaccines, Mali children need more protection In today’s Daily Brief: achieving zero hunger an “immense challenge”, with numbers of hungry rising; 20 million children are missing out on potentially life-saving vaccines, the killing of health workers in DR Congo shows the need for a stronger Ebola response; a UN expert calls for an end to violat...
23:51, 2019-07-15

NY Fed 'Empire State' factory index posts biggest gain in more than 2 years The New York Federal Reserve said its gauge of manufacturing growth in New York state returned to positive territory, suggesting regional activity was expanding again....
17:51, 2019-07-15

Over 820 million people suffering from hunger; new UN report reveals stubborn realities of ‘immense’ global challenge After nearly a decade of progress, the number of people who suffer from hunger has slowly increased over the past three years, with about one in every nine people globally suffering from hunger today, the United Nations said in a new report released on Monday....
17:34, 2019-07-15

The USMCA trade deal is a big tax cut Congress has been sitting on the United States-Mexico-Canada Agreement, or USMCA, for months. A badly needed update to NAFTA, the USMCA is in danger of being talked to death by Democratic House Speaker Nancy Pelosi, despite the free trade agreement enjoying broad bipartisan support. Many fear that i...
08:51, 2019-07-15

Don't leave rural workers out of the employment renaissance With its proposed food stamp work requirement rule, USDA has an opportunity to crack down on fraud and abuse while moving millions from welfare to work — but to fully leverage this opportunity, it needs to amend the proposed rule to make sure government treats rural areas fairly....
07:34, 2019-07-13

Why politicians prefer debt ceiling crises to balanced budgets Once again, it seems, the federal government stands at the edge of a pending debt crisis. According to recent estimates, even while the nation enjoys the longest uninterrupted economic expansion in memory and unemployment hovering at bargain basement levels, our national addiction to red ink-funded ...
23:17, 2019-07-12

DeVos, charters, & ‘school choice’ hurt African American children Education Secretary Betsy DeVos and charter school operators have denounced the NAACP’s opposition to charter school expansion, arguing that charters provide the best path to improve educational opportunities for African Americans. Charter operators cite what they claim are charters’ higher test sco...
23:17, 2019-07-12

A Prime Day for an Amazon workers' strike When Hibaq Mohamed started working at a new Amazon fulfillment center in Shakopee, Minnesota, in 2016, she was required to pack a minimum of about 160 boxes an hour with items ordered by the e-commerce giant's customers....
19:00, 2019-07-12

Reversal brings Fed into line with Trump The Federal Reserve is set to begin cutting interest rates next month for an unusual reason: Not out of fear that the economy is tipping into recession, but because officials now believe it can generate more jobs than they thought....
19:00, 2019-07-12

Alaska and Amazon vie to hire 2,200 to be freed under Trump prison reform President Trump's criminal justice reform law will release some 2,200 federal inmates next week, and reform supporters are finding broad interest among employers, including Alaska's seafood industry and retail giant Amazon....
19:00, 2019-07-12

Acosta resignation puts veteran bureaucrat Patrick Pizzella in charge of Labor Patrick Pizzella, a veteran of several past Republican and Democratic presidential administrations, will take over as acting secretary of labor following the abrupt departure of Alexander Acosta Friday following controversy surrounding a plea deal he arranged for sex-trafficker Jeffrey Epstein in 20...
19:00, 2019-07-12

Treasury could run out cash in early September, urges Congress to raise debt ceiling before recess The Treasury Department said it could run out of cash in two months, asking Congress to increase the debt ceiling before lawmakers leave for a six-week recess....
18:51, 2019-07-12

As Nations Look to Tax Tech Firms, U.S. Scrambles to Broker a Deal The proposed levies on firms like Facebook and Google are pitting traditional allies against one another and threatening to set off a cascade of tax increases and tariffs....
17:51, 2019-07-12

Washington Post 'analysis' claims the CBO is wrong about the downside to raising the minimum wage. It just won't tell you why The Congressional Budget Office’s dim view of efforts to raise the national minimum wage to $15 an hour is wrongheaded and based on bad data, according to an article published this week by the Washington Post....
03:34, 2019-07-12

Dow Jones briefly crosses 27,000 mark for the first time ever The Dow Jones Industrial Average broke records on Thursday morning by surging past 27,000 for the first time ever, rising 132 points during morning trading....
00:34, 2019-07-12

Chamber of Commerce proposes minimum wage hike to at least $10 The Chamber of Commerce, the nation's largest business trade association, proposed raising the minimum wage to at least $10 an hour, up from its current rate of $7.25 an hour....
00:34, 2019-07-12

German trade minister places 50-50 odds on resolving auto tariffs German Economic Minister Peter Altmaier said Thursday there were even odds that the U.S. and the European Union could reach a deal that would avoid the Trump administration imposing tariffs on autos and auto parts imports....
00:34, 2019-07-12

Failure to pass defense budget would be 'reckless,' says Trump's pick to head Joint Chiefs Failure to pass a defense budget would have catastrophic effects on the military's efforts to modernize and shift focus from counterterrorism to great power adversaries such as Russia and China, Army Gen. Mark Milley warned amid a partisan battle over the bill....
00:34, 2019-07-12

Trump says China is 'letting us down' by not buying US farm products during trade talks If China does not buy U.S. crops, it could bode poorly for a U.S.-China trade deal as Washington has said it expects Beijing to purchase agricultural products....
22:00, 2019-07-11

Wall Street banks are bailing on troubled American farmers amid US-China trade war In the wake of the US housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector....
22:00, 2019-07-11

US weekly jobless claims fall to 3-month low First-time claims for state unemployment benefits were expected to total 223,000 in the most recent week, up marginally from the 221,000 claims reported for the previous week....
15:00, 2019-07-11

Utility tokens need regulatory certainty Cryptocurrencies are finally catching the attention of Congress. Earlier this year, Reps. Darren Soto, D-Florida, and Warren Davidson, R-Ohio, introduced a pair of bills aimed at addressing price manipulation as well as finding opportunities to promote U.S. competitiveness in the industry. The same ...
02:34, 2019-07-11

US warns French digital services tax targets American companies, raising tariffs threat The U.S. Trade Representative's Office announced Wednesday that it had launched an investigation into whether U.S. companies were being unfairly targeted by a tax on digital services expected to pass the French parliament Thursday, raising the threat of retaliatory tariffs....
02:34, 2019-07-11

Democrats: Prisoners of the past on the economy We are all, to some extent, prisoners of the past. Things that have already happened — or that we remember as having happened — constitute the world that we know. Anything else is a product of imagination....
02:34, 2019-07-11

At this point, the only remaining moderates are Republicans Moderates are understandably skeptical of President Trump. From his loud-mouthed tweeting to his adulterous past, there’s plenty to criticize. I’m not a huge fan of Trump either. However, the 2020 Democrats are incredibly radical on many key policy issues. And contrary to what many think, Trump and ...
22:17, 2019-07-10

Labor Secretary Acosta to hold press conference to address handling of Jeffrey Epstein Embattled Labor Secretary Alexander Acosta has scheduled a press conference for Wednesday afternoon to address his handling the of the prosecution for sex crimes of Jeffrey Epstein in 2008....
22:17, 2019-07-10

The NHS’s inefficiency shows why single-payer can never work in the US In the Democratic primary debates so far, we’ve heard all about how great government healthcare is, and paeans of praise for ever higher taxation. Yet little has been offered about how high tax rates can mess up socialized healthcare....
22:17, 2019-07-10

Under-fire Alex Acosta defends 2008 prosecution of Jeffery Epstein as defending victims Embattled Labor Secretary Alexander Acosta defended his handling of the prosecution of Jeffrey Epstein for sex crimes as a decision that protected the victims in the case because it allowed them to avoid a trial where they could be cross-examined by the defense's lawyers....
22:17, 2019-07-10

Democrats push loan program to help endangered multiemployer pension plans House Democrats are set to advance legislation Wednesday to shore up endangered multiemployer pension plans by giving them low-interest federal loans and bonds, a move critics are calling a bailout. The legislation comes as unions are pressuring the party to act before pensions start going bankrupt....
17:17, 2019-07-10

US rift with UK deepens as Commerce Secretary Wilbur Ross cancels meeting over presence of British ambassador Commerce Secretary Wilbur Ross abruptly canceled a long-planned meeting with Britain's Secretary of State for International Trade Liam Fox Tuesday because the British Ambassador to the U.S. Kim Darroch was also due to attend....
21:00, 2019-07-09

Democrat BET founder praises Trump, says party 'moved too far to the Left' Black Entertainment Television founder and Democrat Robert Johnson praised President Donald Trump for the state of the economy and also accused the Democratic Party of going too far to the Left in an interview with CNBC Tuesday....
21:00, 2019-07-09

Trump praises Labor Department secretary as criticism mounts over Epstein controversy President Trump on Tuesday defended Labor Secretary Alexander Acosta, who is under fire for his role in negotiating a lenient plea deal in 2008 for sex offender and wealthy financier Jeffrey Epstein....
21:00, 2019-07-09

USMCA vote may not come until autumn, Kudlow says White House economic adviser Larry Kudlow said Tuesday that a congressional vote on President Trump's U.S.-Mexico-Canada Agreement on trade may not happen until the fall, something the Trump administration has previously sought to avoid....
21:00, 2019-07-09

Congress can act to reclaim trade authority once and for all Capitol Hill is focused on negotiations over the United States-Mexico-Canada Agreement, but there’s another discussion about trade policy that’s happening in the Senate Republican Conference....
21:00, 2019-07-09

Jobs, growth, and higher wages leave Democratic contenders searching for excuses Friday’s June jobs report, with its expectations-shattering gain of 224,000 net jobs (including 17,000 manufacturing jobs) and its 4% unemployment rate (effectively full employment), reinforces what was already popularly understood about the Trump-era economy. Unemployment is historically low. Job c...
22:00, 2019-07-08

Elizabeth Warren fibbed — private prison stocks have bombed in the Trump era When writing today's editorial, we already knew that Elizabeth Warren was lying (or more generously, stretching it) during the debate two weeks ago when she claimed that the current U.S. prosperity is misleading because an ever-narrower stratum of American society is benefiting from it. After all, m...
22:00, 2019-07-08

CBO projects $15 minimum wage would cost 1.3 million jobs The nonpartisan Congressional Budget Office said Monday that raising the federal minimum wage to $15 an hour, up from the current rate of $7.25 a hour, would likely cause 1.3 million people to lose their jobs....
22:00, 2019-07-08

Now hiring for a Trump-branded Fed: GOP flip-floppers on rates The president has one key quality in mind in filling out the central bank: a willingness to cut interest rates in a strong economy, violating years of GOP orthodoxy....
17:51, 2019-07-08

America’s safety net needs a new vision There is nothing more American than the Fourth of July when we come together as a nation to celebrate our country’s independence. Each year, we commemorate our republic’s founding on the bedrock principle of freedom. While many of us spent time away from our jobs with family and friends at barbecues...
06:34, 2019-07-07

Member of Parliament leaves 10-year-old son at UK prime minister's residence in school closure protest It's no accident that an English woman left her 10-year-old son and some of his school friends on the steps of 10 Downing Street in London, which serves as the home of the United Kingdom's prime minister....
22:51, 2019-07-06

2020 Democrats rail against charter schools and flaunt big spending plans at education forum Democratic presidential hopefuls railed against charter schools and flaunted billion- and trillion-dollar education proposals during a Friday forum hosted by the largest union in the U.S....
05:51, 2019-07-06

Mexico and US trying to tweak USMCA rules about settling disputes The U.S. and Mexico are working on adding a side deal to the U.S.-Mexico-Canada Agreement on trade to address Democrats’ concerns over the deal’s dispute resolution systems, a top Mexican official said....
02:51, 2019-07-06

Byron York: Dem 2020 task: Convince voters to overlook economy On Oct. 28, 1980, in the final debate of his race against Jimmy Carter, Ronald Reagan asked a question that has come to define presidential politics....
01:51, 2019-07-06

Larry Kudlow: Huawei policy now part of trade talks with Beijing White House economic adviser Larry Kudlow confirmed Friday that the U.S. policy towards Chinese telecom giant Huawei would be a factor in the upcoming trade talks with Beijing....
23:34, 2019-07-05

Elizabeth Warren's plan to eliminate the gender wage gap discredits the accomplishments of minority women Government has a new moral and economic imperative, according to presidential hopeful Elizabeth Warren, who vowed to wield the power of the Oval Office against the “systemic discrimination” minority women face in the workforce....
23:34, 2019-07-05

Trump's economy is the Democrats' disaster The creation of 224,000 new jobs in June further consolidates President Trump's economic stewardship. Beating expectations, those job numbers give Trump the central plank of his reelection campaign....
23:34, 2019-07-05

Unhappy Democrats Things are going pretty well. The economy refuses to stop growing. The stock market continues to set records for soaring, not crashing. At long last, wages are creeping upward. President Trump isn’t pulling up stakes around the world and isolating the country, as many feared he would. Nor has he sta...
23:34, 2019-07-05

China trade war could hurt domestic oil drilling One of the more unexpected effects of President Trump’s trade war with Beijing is that it might lead to rising prices for oil, not because tariffs are making oil imports more expensive but because they could make it more difficult to drill for oil in the U.S....
23:34, 2019-07-05

Economy adds quarter-million jobs, beating expert estimates in a comforting June jobs report If the Federal Reserve needed a sign to reject President Trump's demands for lower interest rates, the June jobs report from the Bureau of Labor Statistics delivered it....
17:51, 2019-07-05

Arizona mayor asks Nike to build planned factory there despite governor's opposition after sneaker controversy Mayor Georgia Lord of Goodyear, Arizona, has urged Nike to stick to plans to open a factory in her town despite Republican Gov. Doug Ducey pulling financial support for the project after the company decided not to sell a shoe featuring an early version of the American flag....
18:34, 2019-07-04

Pay packet inequality growing worldwide, says new UN report Top earners around the world have seen their share of national income rise in the last decade and a half, while everyone else has seen their pay packets shrink by comparison, UN economists reported on Thursday....
17:51, 2019-07-04

This Fourth of July, celebrate the other 1776 revolutions everyone forgets about too On this Fourth of July, we celebrate the 243rd anniversary of the signing of the Declaration of Independence. I re-read it a few days ago, brushing up on the struggle that gave rise to a new kind of nation, one that lovers of the pursuit of happiness still refer to as “exceptional.”...
14:17, 2019-07-04

China trade war could make next year's July 4 fireworks fizzle The fireworks industry is warning that a continued trade war with China could make next year’s Fourth of July displays fizzle early. The vast majority of all fireworks are imported from China, and there aren’t feasible options to get them from anywhere else should the White House go ahead with its p...
06:34, 2019-07-04

What job growth in June can reveal about a Fed rate cut in July Slowing private payroll growth in June, an indicator of broader labor market performance, will play a key role in whether the Federal Reserve cuts interest rates later this month....
19:51, 2019-07-03

Boris Johnson embraces Trumpism with tax cut plan to boost UK economy The front-runner to become Britain’s next prime minister is planning to mirror one of President Trump’s signature tax cuts as he looks to secure economic growth after Brexit....
18:34, 2019-07-03

A small error in the tax reform law is crushing small retailers Thousands of small, family-run retailers like ours face enough of a challenge with Washington’s self-inflicted trade war, which is is raising costs and generating uncertainty. At the very least, Congress could help ease the burden by fixing an apparently small error in the Tax Cuts and Jobs Act of 2...
09:00, 2019-07-03

USMCA progressing through 'side letters': Grassley Democratic congressional leaders and the Trump administration officials are inching towards an agreement on the U.S.-Mexico-Canada Agreement on trade, one GOP leader said Tuesday....
03:51, 2019-07-03

White House ups stakes in dispute with EU over Airbus The White House announced on Monday that it was adding $4 billion to a list of proposed tariffs that would be placed on European Union products as part of a long-running dispute over aviation industry subsidies. The items targeted ranged from metals and chemicals to agricultural products, such as fr...
03:51, 2019-07-03

$300 billion in China tariffs still loom as a business worry Business groups warn that President Trump's Saturday announcement that the White House would not impose $300 billion in new tariffs on Chinese goods does not mean that those tariffs won't still be imposed....
02:51, 2019-07-02

Monday’s Daily Brief: US-DPRK relationship reset, ‘Horrific’ Kabul bombing, Anti-conscription plan in Syria, Climate change heat stress, Security Council in Iraq This Monday, we cover: Guterres welcomes possible US-DPRK diplomatic upgrade; Taliban attack hits schools; UN-Syria action plan on child soldiers; Climate change heat stress impacts economy; and first-ever Security Council visit to Iraq. ...
00:51, 2019-07-02

Joe Biden wants to make 22 states more than double their minimum wage. What’s moderate about that? By flipping on the Hyde Amendment, Joe Biden ditched his moderate position on abortion by supporting taxpayer funding for it. Now it’s clear that he isn’t moderate on the minimum wage either. According to Biden’s website, the former vice president wants to raise the federal minimum wage to $15....
00:00, 2019-07-02

Heat stress spike predicted to cost global economy $2,400 billion a year An increase in heat stress at work linked to climate change is set to have a massive impact on global productivity and economic losses, notably in agriculture and construction, UN labour experts said on Monday....
22:51, 2019-07-01

A China-U.S. Trade Truce Could Enshrine a Global Economic Shift Though details are scarce, any peace that leaves higher American tariffs in place could continue to hurt China’s status as the world’s factory floor....
19:17, 2019-06-29

US-China trade talks 'back on track,' Trump says President Trump said the U.S. would resume trade talks with Beijing and would hold off on imposing new tariffs on $300 billion worth of Chinese goods....
16:17, 2019-06-29

Congress: Pass immigration reform now to help immigrants like me I never expected to live in Richmond, Virginia. In fact, I never even imagined living in the United States. But after being here since 2017, I can’t imagine living anywhere else. And as June, Immigrant Heritage Month, comes to an end, I am incredibly grateful for the opportunity to be an American — ...
13:00, 2019-06-29

Taxpayers deserve a maximum tax cut in Ohio’s new budget Ohio state lawmakers are on the verge of negotiating final, two-year budget legislation, after the Senate and House both passed competing budget bills. The great news is that both chambers want to reduce taxes....
00:34, 2019-06-29

China spends $130B to finance its exports The Export-Import Bank estimated Friday that China provides $130 billion in credit and trade-related financing to bolster its exports, which helps explain its dominance in world markets....
21:34, 2019-06-28

Pete Buttigieg is right: Tariffs are taxes on Americans Pete Buttigieg is a rising star in the Democratic party, and he certainly stood out from the crowd during Thursday night’s presidential debate. In a field containing several socialists and trade restrictionists such as Bernie Sanders, Buttigieg took a stand for free trade. Tweet...
08:00, 2019-06-28

Flipping Out Over Real Estate… Again Speculators looking for a "fast buck" turned to day trading in the late 1990s. After the ensuing bear market, house flipping became a fad. But the big housing bust only put the kibosh on this pursuit temporarily. Will a big lesson have to be learned all over again?...
01:51, 2019-06-28

Trade War Has Damaged U.S. Chip Industry in Ways a Deal May Never Fix Beyond the current financial hit, American producers fear Chinese companies will strengthen domestic manufacturing and switch to other foreign suppliers they consider more dependable....
23:01, 2019-06-27

Democratic presidential contender offers $1,000 per month to Twitter follower Democratic presidential contender Andrew Yang announced that his campaign will be giving $1,000 per month for a year to one lucky Twitter follower on July 4....
23:01, 2019-06-27

One year after Supreme Court Janus decision, unions are holding up better than expected On year after the Supreme Court ruling in Janus v. American Federation of State, County and Municipal Employees that was supposed to decimate public sector unions, organized labor appear to have absorbed the blow better than expected....
23:01, 2019-06-27

Tyler Cowen's Big Business analyzes mistrust of US industry but offers no cure In the fall of 1970, economist Milton Friedman wrote a now-famous article for the New York Times Magazine in which he argued that the sole responsibility of a corporation is to increase its profits....
23:01, 2019-06-27

The media needs to stop getting the Republican tax cuts wrong With the 2020 election campaign heating up, the Republican tax cuts enacted in 2017 will be a major topic of debate. Most Republicans defend the tax cuts, while most Democrats want to repeal them. The two sides can debate the pros and cons of the tax cuts during the campaign, but before the debate g...
23:01, 2019-06-27

Real workers know more about this economy than Elizabeth Warren It may come as no surprise to working men and women, but during the first Democratic presidential primary debate Elizabeth Warren clearly demonstrated that she is completely out of touch with them and may not even know what year it is....
23:01, 2019-06-27

Trump and Xi meet Saturday — If it goes poorly, the global economy could teeter into recession Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue....
22:51, 2019-06-27

Federal debt and deficits set to rise 'substantially,' budget office warns The Congressional Budget Office projected that the federal budget deficit will grow "substantially" over the next few decades, thanks to rising spending on entitlement programs and interest on the federal debt....
18:34, 2019-06-27

Pelosi under pressure after Senate passes bipartisan border funding bill The Senate passed a $4.6 billion emergency spending bill to cope with the massive surge in illegal immigrants along the border, but the bipartisan measure differs from a more progressive bill the House passed on Tuesday....
18:34, 2019-06-27

What Happens After Amazon’s Domination Is Complete? Its Bookstore Offers Clues Popular novels, technical tomes and self-published books are pirated and sold on Amazon. That may actually be helping the company extend its grip on the book business....
00:51, 2019-06-24

Businesses that initially avoided Trump China tariffs now fear getting caught up in trade war Businesses that previously avoided the Trump administration's China tariffs now face levies on the same products under the latest proposal to put tariffs on $300 billion worth of Chinese goods, illustrating the uncertainty generated by President Trump's trade war....
11:51, 2019-06-22

Medicaid expansion is a failure: Lots of spending, little benefit Researchers from MIT and Harvard recently released a report concluding that Obamacare had a "clearly positive effect on access to and consumption of health care." Nearly 16 million people gained coverage through Medicaid expansion while just over 11 million purchased insurance through Obamacare's ex...
08:00, 2019-06-21

To Take Down Big Tech, They First Need to Reinvent the Law For decades, antitrust has focused on the welfare of the consumer. Now a backlash over Big Tech’s power has regulators and scholars trying to reverse years of established doctrine....
11:17, 2019-06-20

Sen. Mike Braun: Despite gridlock, Congress has a real solution to address the border crisis When I arrived in Washington, the government was shut down due to the humanitarian and security crisis on our southern border. Six months later, as Democrats refuse to address this emergency, the crisis has deteriorated to the point that even the New York Times is urging Congress to take action befo...
07:34, 2019-06-20

Schumer demands investigation into Tubman $20 delay Senate Minority Leader Chuck Schumer is asking federal investigators to probe why the Trump administration postponed recreating the $20 bill with abolitionist Harriet Tubman on it....
06:51, 2019-06-20

Republicans should reject Maxine Waters' bad Export-Import Bank deal Democrats are eager to ramp up a corporate welfare agency and load it up with some lefty mandates. That's no surprise. What's inexplicable is that at least one powerful Republican is going along with them. This is a mistake, and GOP lawmakers should do what they can to stop the plan....
06:51, 2019-06-20

Here's Trump's winning message for 2020 President Trump launched his reelection campaign last night. It’s obviously anyone’s guess whether he can win. But if you’re getting your news from CNN, MSNBC, or the New York Times, you’re probably convinced at this point that he’s about to be impeached....
23:34, 2019-06-19

Lighthizer says US and China talking again on trade U.S. Trade Representative Robert Lighthizer said Wednesday that his office was once again in conversations with Chinese counterparts following a breakdown in trade negotiations last month....
23:34, 2019-06-19

Fed leaves interest rates alone, resisting Trump's pressure for a cut The Federal Reserve left interest rates unchanged on Wednesday, resisting pressure from President Trump to reduce them as his escalating trade disputes threaten U.S. economic growth....
23:34, 2019-06-19

Who pays the burden of Trump's Chinese tariffs? In a few weeks, depending on the outcome of testimony and due process procedures, the U.S.-China trade war may be escalated to an even more bitter level. It began in July 2018, when the Trump administration imposed a 25% tariff on $50 billion in Chinese imports. The Chinese retaliated. Then, in Sept...
23:34, 2019-06-19

Trump awarding Presidential Medal of Freedom to author of ‘Trumponomics’ President Trump will award the Presidential Medal of Freedom to economist Arthur Laffer, a top economist under former President Ronald Reagan's administration....
23:34, 2019-06-19

Economy will face 'catastrophe' if Congress doesn't pass USMCA, Lighthizer says U.S. Trade Representative Robert Lighthizer told lawmakers Wednesday that the U.S. economy would suffer enormously if Congress doesn't ratify President Trump's U.S.-Mexico-Canada Agreement on trade....
23:34, 2019-06-19

Senate panel advances emergency border funding The Senate Appropriations Committee approved a bipartisan emergency funding bill requested by President Trump to deal with the massive immigration surge along the southern border....
22:34, 2019-06-19

Yes, AOC, your generation has seen American prosperity “An entire generation, which is now becoming one of the largest electorates in America, came of age and never saw American prosperity.” So says Rep. Alexandria Ocasio-Cortez, D-N.Y., whose visibility as a spokeswoman for this generation has been boosted by political friend and foe....
07:34, 2019-06-19

Lighthizer aims for trade deal with Japan in a few months U.S. Trade Representative Robert Lighthizer said Thursday that he expected to work out a trade deal with Japan within a few months, and warned that the U.S. would lose market share in the country if talks failed....
04:17, 2019-06-19

US housing starts fall in May, but starts for the prior two months were revised higher Housing starts fell in May, but building permits increased, suggesting that the housing market was drawing some support from a sharp decline in mortgage rates....
19:34, 2019-06-18

How the trade war with China could crush California's $2.7 trillion economy and hurt other states The impact of the U.S.-China trade war is greatest in states that export agricultural products, electronics and chemicals directly to China. California has taken the biggest hit followed by Texas, Illinois and Louisiana....
19:34, 2019-06-18

Bipartisan leaders, Trump administration to huddle on elusive budget deal Trump administration officials and bipartisan House and Senate leaders are set to meet again this week in an effort to revive stalled negotiations on lifting spending caps....
11:00, 2019-06-18

Mastercard lets transgender users choose names on their cards (if banks agree) Mastercard, one of the two dominant U.S. payment networks, is introducing debit and credit cards that will let transgender users select whatever name they want — as long as the bank that issues the card and extends the accompanying credit line goes along....
07:00, 2019-06-18

Chamber optimistic that Democrats want USMCA passed The Chamber of Commerce, the nation's largest business trade association, said Monday it was optimistic that Democrats in Congress would pass the U.S.-Mexico-Canada Agreement on trade despite it having been stalled for months in the Democratic-led House....
07:00, 2019-06-18

India slaps tariffs on US fruits and nuts India has slapped retaliatory tariffs of up to 120% on 28 U.S. goods totaling $240 million, including almonds, apples, chickpeas, and walnuts, in retaliation for the Trump administration's trade policies....
07:00, 2019-06-18

Trudeau to prod Democrats on USMCA Canadian Prime Minister Justin Trudeau will lobby House Speaker Nancy Pelosi, D-Calif., to take up the U.S.-Mexico-Canada Agreement on trade during a visit to Washington this week....
07:00, 2019-06-18

Democrats want to solve an inequality problem that doesn't exist Sen. Bernie Sanders, I-Vt., tells us that wealth inequality is at grotesque and immoral levels. Sen. Elizabeth Warren, D-Mass., has a plan to tax everyone lots and lots to solve this. The slight problem is that the Federal Reserve tells us that wealth inequality isn't at those high levels. In fact, ...
07:00, 2019-06-18

Clothes-makers open China tariff hearings with warnings of 'devastating' consequences Clothing-makers called on the Trump administration Monday to forgo placing 25% tariffs on $300 billion worth of goods imported from China, arguing the action wouldn't protect the domestic industry since it widely uses supply chains that include China....
20:51, 2019-06-17

Trade war costs overpower tax-cut gains at Cummins. Consumers may be next At enginemaker Cummins Inc., the costs of President Trump's trade war have already topped savings from sweeping corporate tax cuts enacted by a Republican Congress at the end of 2017....
14:17, 2019-06-16

Remittances matter: 8 facts you don’t know about the money migrants send back home This Sunday marks the second International Day of Family Remittances, observed every year on 16 June, in recognition of the fundamental contribution of migrant workers to their families and communities back home....
06:17, 2019-06-16

Poll finds little Republican support for spending cuts A majority of Republican voters oppose federal spending cuts to areas such as healthcare, the environment, and social welfare programs, according to a new poll....
17:17, 2019-06-15

Don't let oil prices drive Iran policy, Mr. President Iran's escalation of hostility in the Gulf of Oman is a dangerous situation. Targeting civilian oil and chemical tankers, Iran is threatening free passage of a critical global trade route....
07:17, 2019-06-15

Trump's 'secret' agreement with Mexico revealed President Trump teased the media this week when he dangled a one-page document he said contained a "secret" deal with Mexico in front of journalists. Now that document has been released in full....
04:51, 2019-06-15

US business inventories rebound; sales fall U.S. business inventories rebounded in April as sales fell, but inventory accumulation is still expected to be a drag on economic growth in the second quarter....
00:17, 2019-06-15

He who Laffs last When President Trump announced he was awarding the Presidential Medal of Freedom to economist Arthur Laffer, there were groans of dismay in Washington, especially in the world of professional, academic, and government economists....
07:17, 2019-06-14

Why South America's prospects are looking up My career as a financial tipster lasted only a few seconds, but, if I say so myself, it went rather well. In the hours that followed Donald Trump’s election in 2015, U.S. stocks fell and the dollar weakened. “Buy the dip," I told my Twitter followers, and, sure enough, the spasm passed almost immedi...
07:17, 2019-06-14

With US-China talks stalled, critics fear tariffs will stay for the long term Lawmakers and the business community are growing increasingly concerned that President Trump's tariffs on Chinese goods will be around for the long term....
07:17, 2019-06-14

Hispanics stick with Trump despite tough border stance President Trump is poised to launch his 2020 reelection as popular with Hispanic voters as other Republicans, bucking predictions that provocative nationalist rhetoric and hard-line border policies would crater his support with this critical bloc....
07:17, 2019-06-14

US weekly jobless claims unexpectedly rise, sparking fears the labor market is losing steam First-time claims for state unemployment benefits were expected to total 216,000, down slightly from the 218,000 claims reported for the previous week....
20:34, 2019-06-13

US import prices post the largest drop in 5 months U.S. import prices fell by the most in five months in May amid a broad decline in the cost of goods, the latest indication of muted inflation that strengthens the case for the Federal Reserve to cut interest rates this year....
20:34, 2019-06-13

Jobs and education help women advance, not abortion Kathryn Kaufman, the managing director for Global Women's Issues at the Overseas Private Investment Corporation, recently wrote that as a Republican and a Christian woman, she supports abortion because it’s required for economic development....
17:00, 2019-06-13

Young New Yorkers bring robots, and a glimpse of the future, to UN Headquarters Tiny balls moved along a series of automated Lego robots, as young students from New York explained to United Nations staff the inner-workings of simple motors and engineering. ...
02:51, 2019-06-13

Trump accuses China of backing away from trade deal President Trump claimed Wednesday that the U.S. had a trade deal with China mostly complete in late April before Beijing tried to walk back concessions it made during the talks. Beijing has denied that it ever made the concessions and reportedly views the claim as an insult....
00:00, 2019-06-13

Georgia PM: We've fought together — now let's do business I have a quiz for my friends in the United States: Which country has sent troops to serve alongside American forces in Afghanistan, Iraq, and Kosovo?...
00:00, 2019-06-13

Bernie Sanders leans into socialist label, touts 'economic bill of rights' Vermont Sen. Bernie Sanders, a 2020 Democratic presidential candidate, on Wednesday outlined his vision for a new "21st century economic bill of rights," a key element of the socialist platform he has long championed....
00:00, 2019-06-13

Party of the rich? Millionaires prefer Joe Biden over Trump It must be true that the Democrats are the party of the downtrodden rather than the millionaires, for they tell us so repeatedly. What's odd, though, is that the votes of the millionaires trend toward Democrats. That's if we're going to believe the CNBC Millionaire survey, and there's no particular ...
00:00, 2019-06-13

Martin Feldstein, a Chief Economist Under Reagan, Dies at 79 He took a leave from Harvard to be chairman of the Council of Economic Advisers and, as a deficit hawk, never shied from challenging his White House colleagues....
21:51, 2019-06-12

Trump Isn’t Alone. These Millennials on the Left Want Low Interest Rates, Too. Sam Bell and his colleagues at Employ America want the central bank to cut interest rates now, and to lift them less quickly after the next recession, to create more jobs....
21:51, 2019-06-12

Mick Mulvaney guzzles the deficit Kool-Aid As a member of the House of Representatives, Mick Mulvaney was a stalwart voice for deficit reduction and spending reform. He recognized that entitlement reform was the keystone to preserving American prosperity for future generations....
17:00, 2019-06-12

Soft inflation data on Wednesday could spark more speculation for a Fed rate cut soon Consumer price inflation was expected to have increased at a pace of 1.9% in May, slower than in April and below the Federal Reserve's 2% target....
14:17, 2019-06-12

Senate will try to advance Trump's border funding request next week The Senate next week will try to advance President Trump’s emergency spending request to deal with the massive surge in illegal immigration on the Texas border....
03:17, 2019-06-12

Rep. Crenshaw sends X-ray of missing eye to journalist who questioned his patriotism Texas Rep. Dan Crenshaw fired back at a New York Times contributing opinion writer for questioning his patriotism and claiming he was not signed on to support the 9/11 Victims Compensation Fund....
03:17, 2019-06-12

Biden reverses course: 'We need to get tough with China' Former Vice President Joe Biden on Tuesday plans on reversing his earlier stance on China, acknowledging during remarks in Iowa he is "worried" about the communist nation's economic and military rise....
22:00, 2019-06-11

Mitch McConnell: 'The president deserves applause' on agreement with Mexico Senate Majority Leader Mitch McConnell congratulated President Trump after Trump’s gambit to force Mexico to adopt stiffer immigration policies paid off....
22:00, 2019-06-11

College students need new financial habits to avoid piling up credit card debt The broke college kid isn’t just a stereotype: A new survey shows that 36% of college students have more than $1,000 in credit card debt. EVERFI, an education tech company, surveyed over 30,000 college students from more than 440 institutions in 45 states and uncovered some disturbing financial insi...
22:00, 2019-06-11

Macron leads EU-wide minimum wage call as Merkel, Medvedev warn of global injustice  “Fundamental change” to the world of work – including an EU-wide minimum wage – is needed to address the growing gap between society’s haves and have-nots, French President Emmanuel Macron said on Tuesday. ...
19:34, 2019-06-11

Trump touts low inflation moments after his onetime Fed pick argued for a rate cut to boost it "The Fed has to cut rates because prices have been falling and once those prices stabilize you just stop cutting rates," says the onetime Trump Fed pick....
18:51, 2019-06-11

Border troops, nuclear strategy and Space Force among flashpoints in House defense proposal The House Committee on Armed Service's proposal for next year's defense budget covers sharp policy disagreements between the panel's majority Democrats and its minority Republican members, setting off a series of likely political skirmishes....
14:17, 2019-06-11

The future of work ‘with social justice for all’ tops agenda of centenary UN Labour conference The Centenary International Labour Conference got underway on Monday at the UN in Geneva, with ILO chief Guy Ryder, calling on hundreds of delegates from around the world to help “construct a future of work, with social justice for all”....
08:34, 2019-06-11

Brexit leader Nigel Farage poised to open his own trade talks with Trump LONDON — Nigel Farage, the leader of Britain’s Brexit Party, is planning to start his own trade talks with the White House amid frustration that the British government has let the process stall....
07:51, 2019-06-11

Canada-style refugee deal still on the table in Trump talks with Mexico The Trump administration's deal with Mexico on Friday to avoid tariffs could lead to Mexico adopting the same agreement Canada has with the U.S. regarding refugees: Whatever country gets the refugees first keeps them....
07:51, 2019-06-11

House cancels vote on pay raises for lawmakers House Democrats withdrew a bill scheduled for a vote this week that would have provided a cost of living pay increase to lawmakers and congressional staff....
04:17, 2019-06-11

Space Force back in House version of defense policy bill Democrats and Republicans on the House Armed Services Committee have agreed on a slimmed-down version of President Trump's Space Force and plan to add their version of the proposed sixth branch of the military to the National Defense Authorization Act this week....
22:51, 2019-06-10

Trump slams the Chamber of Commerce over tariffs disagreement President Trump said Monday that the U.S. Chamber of Commerce was critical of his tariffs and immigration policies because it doesn't represent the interests of the country....
21:17, 2019-06-10

UN makes ‘declaration of digital interdependence’, with release of tech report The digital future must be safer and more inclusive, says a new tech report, “the Age of Digital Interdependence”, released on Monday by the UN High Level Panel on Digital Cooperation, almost a year after the Panel was launched by Secretary-General António Guterres....
20:34, 2019-06-10

Single-payer healthcare is a bust for baby boomers Like the United States, Canada is aging rapidly. By 2021, my native land will have more seniors than children under 14 for the first time in its history. It's no wonder nearly 9 in 10 Canadians are worried about the growing number of seniors who will need more healthcare, according to a recent Ipsos...
19:51, 2019-06-10

In an era of big corporate deals, CNBC's Top States for Business reveals who has an edge CNBC will release its America's Top States for Business 2019 survey in July. This year's competitive landscape is especially tricky, thanks to issues like a trade war, labor shortages and aging infrastructure....
19:17, 2019-06-10

Chamber of Commerce blasts Trump on tariffs — and then the president calls CNBC to fight back The president's tariff strategy "creates uncertainty with our trading partners," says a top official at the world's largest business lobbying group....
19:17, 2019-06-10

US business groups relieved Mexican tariffs averted The nation's leading business groups expressed relief Saturday over the White House's announcement it had reached a deal with Mexico and would be dropping plans to place tariffs on its goods....
00:17, 2019-06-09

Mexico: Tariff deal with US struck 'fair balance' Mexican negotiators hailed the new tariff-averting immigration deal with the United States as a “fair balance” between their priorities and the more “drastic” proposals that President Trump initially demanded....
00:17, 2019-06-09

Trump cheers Dow's best week of the year The Dow Jones Industrial Average climbed more than 250 points Friday, ending the index's best week of the year, as lackluster economic news prompted speculation that the Federal Reserve would lower interest rates....
10:17, 2019-06-08

Key economic forum in Russia: New technology a ‘vector of hope’ but also ‘a source of fear’ says Guterres Technological innovation is continuing to transform the world, with the potential to propel us all towards reaching the 2030 Sustainable Development Goals (SDGs) said the UN Secretary-General António Guterres on Friday, at the Saint Petersburg International Economic Forum in Russia....
03:17, 2019-06-08

Record low unemployment for workers without bachelor’s degrees in May Unemployment for workers without bachelor’s degrees fell to the lowest rate on record in May, according to Bureau of Labor Statistics data released Friday....
01:51, 2019-06-08

Pelosi: Jobs report shows Trump 'hollowing out our economy' House Speaker Nancy Pelosi said the May Department of Labor report showing only 75,000 jobs were created “is a disturbing sign that the Administration’s disastrous special interest agenda is hollowing out our economy, fueling instability and jeopardizing the financial security of working families ac...
01:51, 2019-06-08

White House delays tariff hike on numerous Chinese products The U.S. Trade Representative's Office announced on Friday that it was officially delaying for a week tariff hikes on numerous products imported from China. The announcement said the tariffs, which had initially been set to rise to 25% on June 1, would instead remain at their current level of 10% un...
01:51, 2019-06-08

White House economist: Jobs report shows risks to economy, but still reasons for optimism Top Trump economic adviser Kevin Hassett said that Friday’s jobs report indicates higher risks to the economy but that he remains hopeful job growth will pick up in June and the U.S. will avoid a recession....
01:51, 2019-06-08

Trump likely to win his interest-rate cut after dour jobs data If there's an upside for the White House in May's lackluster employment growth, it's this: the Federal Reserve is far more likely to grant the interest-rate cut President Trump has been advocating for months....
01:51, 2019-06-08

Trump says 'good chance' of deal with Mexico President Trump kept hopes alive Friday that U.S. would reach a deal with Mexico to end his threat to levy new tariffs on all of its goods starting Monday. The president made the announcement as negotiators from both sides entered their third day of talks in Washington, D.C....
01:51, 2019-06-08

Trump says 'at least' $300B in new China tariffs possible President Trump said Thursday that while trade negotiations remain ongoing with China, his administration was preparing "at least" $300 billion in new tariffs on their goods if the talks fall apart....
21:34, 2019-06-06

Trump says he'll decide on China tariffs after G-20 summit President Trump said Thursday that he would make a decision on whether to impose 25% tariffs on $300 billion of Chinese goods after the G-20 summit in Japan at the end of the month. Trump is scheduled to have a face-to-face meeting with Chinese President Xi Jinping at the meeting....
21:34, 2019-06-06

Mexican president optimistic for deal with White House to avoid tariffs Mexican President Andrés Manuel López Obrador said Thursday he remained optimistic that a deal with the Trump administration could be reached to avoid new tariffs on Mexican goods, which are set to go into effect Monday. U.S. and Mexican officials are meeting Thursday in Washington, D.C., for their ...
21:34, 2019-06-06

Democrat to force vote on Mexico tariffs if Trump follows through on threat House Ways and Means Committee Chairman Richard Neal said Thursday that he will introduce legislation to block President Trump from imposing new tariffs on Mexico....
21:34, 2019-06-06

Warren recognizes 2020 campaign staff union Elizabeth Warren acknowledged Thursday that her presidential campaign staff had unionized, meaning that she will not contest the International Brotherhood of Electrical Workers Local 2320 claim, announced two days ago, to become the workers' exclusive representative....
21:34, 2019-06-06

Bernie Sanders’ socialist policies would crush the Walmart workers he says he’s fighting for Sen. Bernie Sanders, I-Vt, isn’t one to mince words when it comes to corporate greed. On Wednesday, the presidential candidate attended a Walmart shareholders meeting and blasted the company’s leadership for supposedly paying “starvation wages,” as well as for its allegedly “grotesque” greed....
21:34, 2019-06-06

Why Louisiana is missing out on the Trump boom It’s morning in America again. After years of economic stagnation under former President Barack Obama, America is booming. Thanks to President Trump’s leadership, the American economy is growing above 3% annually, wages are rising across the board, and unemployment has hit its lowest point since 196...
10:34, 2019-06-06

Trump says 'every signal' is China wants a trade deal President Trump said Wednesday China wants to reach a trade deal with the United States. He also predicted that a deal with Mexico to avoid creating new tariffs on its products was also likely and could happen soon....
04:01, 2019-06-06

Revisiting the old New Deal When Alexandria Ocasio-Cortez and her allies proposed a new stimulus package to take on climate change and income inequality, they called it the Green New Deal. Their reasoning for the economic program’s name is obvious. It pays homage to the New Deal, a bundle of transformative economic reforms cap...
04:01, 2019-06-06

The Tariff Man's Mexican mischief In an ironic turn of events, the day after President Trump shocked the world with his plan to impose border taxes on all imports from Mexico beginning June 10, the Federal Reserve Bank of Philadelphia released its latest 50-state “leading indicators” map, which forecasts a data-driven look at state ...
04:01, 2019-06-06

Trump's trade war could cost him Texas and the presidency As Senate Republicans wait on tenterhooks for Vice President Mike Pence to talk trade with Mexico's foreign minister, a new Quinnipiac poll should have the entire party shaking in its boots right now....
04:01, 2019-06-06

Mexico readies list of US products for retaliation if Trump follows through with tariffs threat Mexican President Andrés Manuel López Obrador has received a list of U.S. products that his country would slap with tariffs if President Trump follows through with his threat to impose tariffs on Mexican goods starting Monday....
04:01, 2019-06-06

Border state governor criticized from all angles for supporting Trump's tariff plan Arizona Gov. Doug Ducey, a Republican, has made several enemies in backing President Trump’s new tariffs on Mexico. Ducey says border states such as Arizona need to prioritize border security over commerce, but his opponents make the opposite argument, as tariffs on Mexico will harm the economies of...
04:01, 2019-06-06

Longtime US Chamber of Commerce CEO Tom Donohue to step down in 2022 Longtime U.S. Chamber of Commerce head Tom Donohue will step down as CEO in June 2022, the business group said Wednesday, and relinquish his title as president immediately....
04:01, 2019-06-06

Walmart and the Bernie Sanders school of Chernobyl economics Sen. Bernie Sanders, I-Vt., reminded us on Wednesday that he has about as much economic sense as President Trump has Twitter decorum. The socialist senator attacked Walmart as a company that "pays many of its employees starvation wages..."...
04:01, 2019-06-06

Walmart against monopolies: The retail giant is filing a price-fixing lawsuit against a shady Brazilian meatpacker In late May, Walmart filed an antitrust lawsuit against over a dozen poultry producers, including Pilgrim's Pride, a subsidiary of the Brazilian-owned meatpacking conglomerate, JBS USA. The company is currently receiving over $64 million as part of the agriculture bailout while its parent company, J...
04:01, 2019-06-06

Trump administration discontinues English classes, recreational programs for unaccompanied minors in shelters The Trump administration is ending English classes, recreational activities, and legal aid for unaccompanied minors in federal migrant shelters because of a lack of funding, amid an increase in border crossings....
00:17, 2019-06-06

Elizabeth Warren is wrong: This race really is about the size and scope of government Presidential hopeful Sen. Elizabeth Warren, D-Mass., wants you all to know that she is very much a capitalist and a patriot. So much so she wants to weaponize the federal bureaucracy against American businesses, expand the power of the Export-Import Bank, and engage in wide-scale currency manipulati...
16:34, 2019-06-05

Yes, a nationwide $15 minimum wage would be quite damaging Praise be, we now have the economic research to prove that higher minimum wages have no ill effects, so let's push onward to $15 an hour for all, right? I predict that's what will be said about new research, even though that's not what the research actually says....
12:34, 2019-06-05

Republicans join Democrats to kill Rand Paul's fiscally responsible Pennies Plan because no one cares about the debt crisis That was a nice decade of Republicans pretending to care about our $22 trillion national debt and annual multitrillion-dollar deficit. But as of Monday, we can safely say the Tea Party is over....
02:01, 2019-06-05

Mexican president expects immigration tariff deal with US soon Mexican President Andrés Manuel López Obrador said Tuesday he believes a deal is close that would end the Trump administration's threat to impose tariffs on Mexico in response to illegal immigration....
01:34, 2019-06-05

Warren proposes creating 'Department of Economic Development' modeled after China's policies Sen. Elizabeth Warren, D-Mass., a top contender for the Democratic presidential nomination, proposed Tuesday replacing the Commerce Department with an "Department of Economic Development" that would copy China's economic development policies. The resulting entity would also absorb about a dozen othe...
01:34, 2019-06-05

Republican senator predicts Congress will try to vote down Trump tariffs on Mexico Sen. Rob Portman, R-Ohio, said Tuesday he believes Congress would engage in a bipartisan vote to disapprove of President Trump's new tariffs on Mexico, should they go into effect next week....
01:34, 2019-06-05

Trump expects Mexico tariffs to go into effect next week President Trump said Tuesday that his administration would likely go ahead and impose new tariffs on Mexico on Monday despite talks this week between the White House and Mexican officials to resolve the situation....
01:34, 2019-06-05

On fourth try, House passes $19.1B disaster aid package House lawmakers cleared a critical disaster aid package Monday, overruling a group of conservatives who had blocked unanimous consent of the measure after three attempts at passing it last week....
03:17, 2019-06-04

Rich states, poor states: How a federal minimum wage hike would widen the gap With growing enthusiasm for lifting the federal minimum wage in Congress, it’s time to consider some data on wages and differences in the cost of living across the 50 states. The Raise the Wage Act, introduced by Rep. Bobby Scott, D-Va., in January with broad support from his party, would raise the ...
21:17, 2019-06-03

Chipotle to consider raising prices in response to Trump tariffs Chipotle Mexican Grill is considering increasing prices after 2019 costs are predicted to rise by about $15 million because of tariffs proposed last week by President Trump....
21:17, 2019-06-03

Mexico rejects idea to keep Central American asylum seekers Mexican Foreign Minister Marcelo Ebrard said Monday that his country would reject a proposed solution to the immigration and tariff stand-off with the U.S. that would involve it keeping Central American asylum seekers....
21:17, 2019-06-03

Trump can help the UK out of the Brexit madness The slow motion resignation of long-since powerless British Prime Minister Theresa May, who is embarrassingly clinging to office until after President Trump’s state visit, is "interesting" in both senses of the Chinese sage. May’s unlamented departure is "interesting" (good) because it is a direct r...
13:51, 2019-06-03

Trump dismisses attempt by ‘abuser’ Mexico to negotiate tariffs President Trump Sunday derided Mexico's effort to negotiate away his threat to impose 5% tariffs, calling the nation an "abuser" of the United States and declaring, "America has had enough."...
20:34, 2019-06-02

Mulvaney: Mexico tariffs a response to 'extraordinary circumstances' at the border Acting White House chief of staff Mick Mulvaney said that the president’s move to impose tariffs on Mexico stemmed from “extraordinary circumstances” at the border, where Central Americans who have traversed Mexico are flooding into the United States....
20:34, 2019-06-02

NIMBY California Democrats California's increasingly left-wing residents want open borders, and they want their state to give handouts to immigrants, legal and illegal. But they don’t want any building to house this low-income riffraff anywhere near their expensive homes....
10:17, 2019-06-02

Harris breaks with Schumer to take aim at 'Trump's trade tax' SAN FRANCISCO — California Sen. Kamala Harris attacked President Trump's tariffs against China as a "trade tax" against average Americans during her remarks at the California Democratic Party convention....
01:17, 2019-06-02

US-Mexico talks to resolve tariff stand-off start next week Mexican Foreign Minister Marcelo Ebrard said talks are already being planned between his country and the U.S. to resolve President Trump's threat to place 5% tariffs, eventually rising to 25%, on all Mexican goods if it doesn't crack down on mass immigration to the U.S....
16:51, 2019-06-01

Conservative immigration analysts: Trump tariffs could worsen border crisis Conservative immigration experts warned Friday that President Trump's threat to impose a tariff on Mexican imports would have "devastating" consequences if Mexico retaliates by shutting down its immigration and drug enforcement operations, worsening the crisis at the U.S.-Mexico border....
16:51, 2019-06-01

Chamber of Commerce could challenge Trump's Mexico tariffs in court The Chamber of Commerce may give President Trump a legal fight over his plan to slap 5% tariffs on all Mexican goods, eventually rising to 25%, if the country doesn't crack down on immigration to the U.S....
04:17, 2019-06-01

GOP lawmakers say Trump's Mexican tariffs endanger USMCA Republican lawmakers warn that President Trump has imperiled the ratification chances of his U.S.-Mexico-Canada Agreement on trade by announcing a 5% tariff on all Mexican goods. Trump said the tariff was needed to force Mexico to crack down on immigrants transiting the country on their way to the U...
00:17, 2019-06-01

Trump's trade director has his thinking on imports all wrong Writing about free and fair trade recently in the Wall Street Journal, President Trump’s director of trade and manufacturing policy Peter Navarro took issue with some World Trade Organization rules. He especially dislikes those requiring member nations to avoid applying discriminatory tariff policie...
21:51, 2019-05-31

Business groups warn Trump's new tariffs on Mexico jeopardize USMCA The nation's leading business trade associations warned that President's Trump's decision to slap tariffs on Mexico to force it to halt mass immigration into the United States could backfire and undermine a key policy goal of the administration: passage of the U.S.–Mexico–Canada Agreement on trade. ...
21:51, 2019-05-31

Trade war could trigger a 'global financial crisis,' says ex-China central bank chief China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could greatly hurt the global economy....
16:51, 2019-05-31

Third House conservative blocks $19B disaster aid measure For the third time in a week, House conservatives blocked a $19.1 billion disaster aid package, chastising lawmakers for attempting to pass a major spending bill with a quick voice vote and without debate....
13:01, 2019-05-31

Report shows tax incentives hurt states' fiscal health Under criticism from newly elected Rep. Alexandria Ocasio-Cortez, D-N.Y., and other progressive politicians, e-commerce giant Amazon pulled out of its planned second headquarters in New York. But was Amazon a needed company that would provide benefit to the region or just the planned recipient of co...
13:01, 2019-05-31

Top union hit with 'unfair practices' claim by union for its office workers The union representing office workers for the Service Employees International Union filed an unfair practices complaint against the larger union Thursday with the National Labor Relations Board....
08:34, 2019-05-31

Monthly US trade deficit rises slightly to $72.1 billion The U.S. Census Bureau reported Thursday that the international trade deficit in goods rose to $72.1 billion in April, up a marginal 0.3% from March's level of $71.9 billion according to an "advance look" at the data. The shift was due to exports dropping at a faster rate than imports....
01:34, 2019-05-31

Disney and Netflix should quit Georgia and quit seeking subsidies It’s a story you’ve seen before. Red states pass laws the Left find objectionable, and within days, the entertainment sector threatens to leave that state until conservatives see things their way. This time, Disney CEO Bob Iger has suggested that Disney may exit the state of Georgia over their recen...
01:34, 2019-05-31

Trump could threaten Mexico with tariffs over immigration President Trump is reportedly planning to threaten Mexico with new sanctions in order to encourage the country to crack down on illegal border crossings of migrants coming from Central America....
01:34, 2019-05-31

Conservatives can't win cultural wars without capitalist ones The current mini-fracas fracturing the Right has little to do with President Trump or even tone, as Sohrab Ahmari insists, but rather which trade-offs each coalition of the Right has made. No one can doubt that David French, a devout Evangelical Christian who opposes same-sex marriage as a matter of...
01:34, 2019-05-31

US weekly jobless claims increase slightly First-time claims for state unemployment benefits were expected to total 215,000 in the most recent week, following the 211,000 claims reported for the prior week....
19:17, 2019-05-30

US moves to impose tariffs on Chinese kegs, mattresses The Commerce Department announced Wednesday that it would impose duties from 39% to as high as 1,732% on imports of Chinese mattresses. In a separate announcement, the agency said it had made a preliminary determination that China, Mexico, and Germany were illegally dumping stainless steel kegs on t...
16:17, 2019-05-30

Jobs are at stake — pass the USMCA At the end of 2018, the Trump administration finalized the renegotiated North American Free Trade Agreement, resulting in a new trade deal now called the United States-Mexico-Canada Agreement. This milestone is good news and a big win for the United States and its North American allies....
16:17, 2019-05-30

‘Ground-breaking innovation’ needed in cities, where battle for sustainable development will be won or lost, says UN agency chief If the battle to achieve the Sustainable Development Goals (SDGs) is to be won or lost in cities, then they need to “achieve a lasting impact on communities and to ensure that no one is left behind,” the head of the UN agency dealing with sustainable urban development said on Wednesday....
05:34, 2019-05-30

Canada begins process to ratify USMCA trade deal Canadian Prime Minister Justin Trudeau formally introduced legislation to his country's parliament Wednesday to ratify the U.S.-Mexico-Canada Agreement on trade....
02:00, 2019-05-30

USMCA's fate up to Pelosi, White House official says The fate of President Trump's U.S.-Mexico-Canada Agreement on trade is entirely based on whether House Speaker Nancy Pelosi, D-Calif., agrees to schedule a vote on it, a White House official said Wednesday....
22:17, 2019-05-29

CBO director says economic growth will fall below 2% Outgoing Congressional Budget Office Director Keith Hall said Wednesday that he expected economic growth to dip in coming years, and that President Trump’s trade war with China is slowing economic growth....
22:17, 2019-05-29

Asia-Pacific ‘regional parliament’ underway to advance equality, empowerment, for more than four billion citizens The top United Nations body in the Asia-Pacific region opened its annual session this week, calling for greater empowerment of disadvantaged and marginalized groups if the region is to achieve the ambitious 2030 Agenda for Sustainable Development, and fulfill its promise to leave no one behind....
20:00, 2019-05-29

The market now thinks the Fed will cut rates twice by January 2020 Futures trading indicated a 63% chance of a September cut and a 62% probability of another easing by January, according to the CME's FedWatch tool....
19:51, 2019-05-29

Illinois plans to self-destruct Here's a basic principle for 21st-century governance: to attract investment and high-skilled workers, a government must make it attractive to do business in their locale....
17:34, 2019-05-29

Chamber lobby sees Congress moving on USMCA without fulfilling Democratic demand for renegotiation The U.S. Chamber of Commerce sees congressional Democrats backing off their demand that President Trump's U.S.-Mexico-Canada Agreement on trade must be renegotiated between the three countries....
17:34, 2019-05-29

China hints at cutting off US from rare earth minerals The Chinese government threatened Wednesday to limit exports of rare earths — chemical components used in various types of high-tech equipment — as part of its trade war with the Trump administration....
17:34, 2019-05-29

Bernie Sanders and AOC basically want to ban credit cards Rep. Alexandria Ocsaio-Cortez, D-N.Y., and 2020 candidate Sen. Bernie Sanders, I-Vt., have apparently decided to try to ban credit cards. Sure, that's not quite what Ocasio-Cortez and Sanders actually say (they just want to stop the swindlers profiting from excessive interest charges), but that's th...
00:34, 2019-05-29

Trump's China tariffs drag business profitability to pre-tax cut levels The likelihood of corporate profit margins tumbling from a 2018 record to pre-tax cut levels or lower increased after President Trump brushed off the possibility of a quick trade agreement with China to end pricey tariffs on the country's imports....
00:34, 2019-05-29

College costs rising faster than inflation College costs are about to get even higher. The Higher Education Price Index is forecasting inflation for U.S. colleges and universities to increase by 2.6% for this fiscal year. The forecast takes into consideration the average relative price of goods and services purchased by colleges through educ...
19:00, 2019-05-28

Hollywood's boycott of Georgia over heartbeat bill could squeeze state's economy A boycott of Georgia spearheaded by actors and producers in the wake of the state’s new abortion restriction threatens to upend its position as the Hollywood of the South....
18:34, 2019-05-25

Defense contractor the Pentagon accused of 'gouging our taxpayers' repays $16M A defense contractor accused of overcharging the Pentagon for mission-critical parts has agreed to repay the government $16 million after its executives were grilled by Congress last week....
00:51, 2019-05-25

The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute "considerable uncertainties."...
19:34, 2019-05-24

China denounces US 'rumors' and 'lies' about Huawei ties to Beijing China denounced U.S. Secretary of State Mike Pompeo for fabricating rumors after he said the chief executive of China's Huawei was lying about his company's ties to the Beijing government....
19:34, 2019-05-24

Trump ratchets up farm assistance as trade war broadens The $16 billion in aid to farmers that the Trump administration announced Friday is an increase on the $12 billion aid package last year. Administration officials said the total amount of aid was hiked and the formula for distributing it tweaked because of the broadening nature of President Trump's ...
11:00, 2019-05-24

USDA chief Sonny Perdue promises $16B for farmers to offset China trade war losses Agriculture Secretary Sonny Perdue said Thursday that the administration will offer $16 billion in aid to farmers to offset the losses caused by the trade war with China. President Trump is scheduled to formally unveil the program later this afternoon....
04:51, 2019-05-24

Americans aren't having enough kids, and it shows Americans aren’t having babies like they used to. In fact, the U.S. birthrate fell to a 32-year low last year, according to a new report from the Centers for Disease Control and Prevention....
04:51, 2019-05-24

House passes fix for Gold Star family tax hikes The House of Representatives on Thursday passed a fix to a glitch in the 2017 GOP tax overhaul that generated big tax hikes on federal survivor benefits for certain Gold Star families....
04:51, 2019-05-24

Trump-China trade war assistance package includes $14.5B in 'direct payments' to farmers The Trump administration said Thursday that it would provide $14.5 billion in "direct payments" to farmers as part of an aid package to offset the damage caused by the trade war with China. Another $1.4 billion would be allocated to purchase surplus agricultural commodities....
04:51, 2019-05-24

Trump says he may send USMCA deal to Congress soon, triggering deadline President Trump said Thursday that he may send his U.S.-Mexico-Canada Agreement on trade to Congress soon, imposing a 60-day deadline for lawmakers to vote on the deal....
04:51, 2019-05-24

Many Adults Would Struggle to Find $400, the Fed Finds Household finances are improving in a strong job market, but just six in 10 adults still could cover a surprise expense without selling something or borrowing money....
19:01, 2019-05-23

US weekly jobless claims unexpectedly fall First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 212,000 claims reported for the previous week....
16:00, 2019-05-23

Sen. John Thune: The Senate is working for America During his 1980 debate with then-President Jimmy Carter, Ronald Reagan famously asked Americans whether they were better off than they’d been four years earlier. That question has been a measuring stick for elected officials ever since. Republicans in Congress are committed to making life better for...
07:51, 2019-05-23

Republicans fret Trump tariffs could backfire in 2020 even as they applaud stand against China SAVANNAH, Ga. — Republicans fret the confrontation with China could spiral out of control and derail the booming economy they are counting on to hold the White House in 2020, even though most have confidence he can secure a good deal from the country's largest trading partner....
07:51, 2019-05-23

Majority of Americans approve of Trump's handling of economy, credit his policies: Poll A majority of Americans approve of how President Trump has handled the economy, feel confident about their personal finances, and believe Trump's policies have had an impact on the country's economic performance, according to the latest poll by CBS News....
01:34, 2019-05-23

House set to send Trump a fix for Gold Star family tax hikes The House is set to pass legislation on Thursday that would fix a quirk in the 2017 GOP tax overhaul that has generated big tax hikes on federal survivor benefits for certain Gold Star families. The bill would then go to President Trump's desk....
01:34, 2019-05-23

'What happened to all the file clerks?' Automation makes humans more useful, not less A nice piece on the BBC website today illustrates the fallacy behind this idea that robots will make humans useless. The piece describes the creation of VisiCalc, the first electronic spreadsheet program....
22:34, 2019-05-22

Infrastructure week appears to be dead. Good I have little interest in posturing Democratic investigations into the Trump administration, or in President Trump's often intemperate reaction to them. But I am very glad that the infrastructure bill appears, at least temporarily, to have been killed off by today's acrimony....
22:17, 2019-05-22

Grassley says China stalling on trade in hopes Democrat replaces Trump Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said Wednesday that he now believes that China is intentionally stalling in trade talks with the U.S. in the hopes that a Democrat is elected in 2020 to replace President Trump....
20:17, 2019-05-22

Democrats dig in against USMCA vote Key Democrats said Wednesday that they still opposed moving forward on President Trump's U.S.-Mexico-Canada Agreement on trade until some further changes are made. They said that despite the White House, Canada, and Mexico addressing several Democratic demands....
19:51, 2019-05-22

Sooner or later, Americans will get fed up with the Jones Act The maritime industry may not like being compared to the Sicilian Mafia, but there is an element of truth to this analogy when considering the quick about-face President Trump made recently on the 99-year-old protectionist law known as the Jones Act....
19:51, 2019-05-22

An Economist Who Believes Only Government Can Save Capitalism In “People, Power, and Profits,” Joseph E. Stiglitz argues that more state involvement in the economy is part of the solution, not part of the problem....
19:34, 2019-05-22

In China, Some Fear the End of ‘Chimerica’ As the trade war with the U.S. threatens to decouple the world’s two largest economies, some in China argue that the two sides benefit from the relationship more than they admit....
19:34, 2019-05-22

Texas, don't even think about importing California's rail disaster Last week, the Trump administration fulfilled yet another promise when it canceled nearly $1 billion in taxpayer funding for California’s high-speed rail project between Los Angeles and San Francisco. In the midst of yet another infamous Infrastructure Week, this announcement was an important develo...
07:17, 2019-05-22

For infrastructure funding, follow the money on the Coca-Cola highway It has not been voted on or formally proposed yet, but a bipartisan effort to increase federal spending on infrastructure could be coming in the near future....
05:00, 2019-05-22

Get mad at Justin Amash all you want, but he’s still the biggest fiscal conservative Most Republicans are mad at Rep. Justin Amash, R-Mich., right now for saying that President Trump’s behavior during special counsel Robert Mueller's investigation rose to the level of an impeachable offense....
05:00, 2019-05-22

McConnell: Bipartisan deal to raise debt ceiling and spending caps as soon as today Senate Majority Leader Mitch McConnell on Tuesday announced congressional leaders are close to a two-year deal to lift spending caps and raise the debt ceiling....
05:00, 2019-05-22

EPA pursues new cost-benefit analysis for regulation that critics fear will undermine climate rules The Environmental Protection Agency is pursuing new rules for regulatory cost-benefit analysis that critics fear could undermine the agency's regulation of climate pollution by saying it costs too much....
05:00, 2019-05-22

Amidst high trade tensions and policy uncertainty, UN cuts economic growth forecast Against a backdrop of unresolved trade tensions, high international policy uncertainty and softening business confidence, the UN on Tuesday announced a broad-based slowdown in the global economy and cut its growth predictions. ...
02:17, 2019-05-22

Idai disaster: Stranded victims still need rescue from heavy rains as UN scales up response Dire conditions persist in vast areas of southern Africa affected by Cyclone Idai as heavy rain continues to cause “massive destruction”, the UN said on Thursday, while aid teams scale up efforts to reach those most in need....
23:00, 2019-05-21

Education critical to ensure future of forests, and reverse their destruction The UN drew attention to the vital role that forests play in addressing some of the world’s greatest environmental challenges on Thursday, and the importance of tackling the issues that threaten them, such as deforestation, and land degradation....
23:00, 2019-05-21

The sun’s impact on Earth and weather celebrated, as planet marks World Meteorological Day Against a background of serious warnings against the effects of climate change, World Meteorological Day this year celebrates the crucial role played by the sun in powering all life on Earth, and in driving the weather, ocean currents and the hydrological cycle....
23:00, 2019-05-21

‘Negative forces’ at work in DR Congo threaten ‘largely peaceful’ relations across Great Lakes region, says outgoing UN envoy The UN’s outgoing Special Envoy for Africa’s Great Lakes region on Tuesday said countries there had made “important steps towards durable peace and stability” in the last 20 years, resulting in a region that is now “largely peaceful”....
23:00, 2019-05-21

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world Attending the Summit of the League of Arab States in Tunis, Tunisia, on Sunday, UN Secretary-General António Guterres, recognized the critical importance of the region on the international stage and called for even stronger cooperation between the UN and the Arab States....
23:00, 2019-05-21

UN highlights profound implication of population trends on sustainable development The United Nations is highlighting the important role that population trends play in promoting sustainable development, during the annual Commission on Population and Development, which began at UN Headquarters in New York on Monday....
23:00, 2019-05-21

Fight against climate change and poverty will fail without overhaul of global financial system, says major UN report A major new UN-led report, involving more than 60 international organizations, warns that a comprehensive overhaul of the world’s financial system is necessary, if governments are to honour commitments to tackle critical issues, such as combatting climate change and eradicating poverty by 2030....
23:00, 2019-05-21

IMF cuts global growth outlook, but predicts pick up later in 2019 The outlook for global growth is at its lowest since the financial crisis, but expected to pick up in the second half of 2019, the International Monetary Fund reported on Tuesday, so long as “policy missteps that could harm economic activity” are avoided....
23:00, 2019-05-21