• Coronavirus Jun 25

    Consumer Spending Is Already Rebounding in These States

    The coronavirus pandemic has caused consumer spending, the economy’s key driver, to plummet across the country as Americans struggle through a recession. But some states are recovering more quickly than others. Statewide stay-at-home orders first froze the economy in mid March. For that month, the Commerce Department said consumer spending fell 7.5%, the sharpest monthly drop on records that go…

  • Donald Trump Nov 24, 2019

    An Emerging Priority for Powell Fed: The Plight of the Poor

    Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. “We want to remind ourselves,” Powell said, “that prosperity isn’t experienced in all communities. Low- and moderate-income communities in many cases are just starting to feel...

  • Donald Trump Nov 4, 2019

    US Tells UN It Is Pulling Out of Paris Climate Deal

    The United States has begun the process of pulling out of the landmark 2015 Paris climate agreement. Secretary of State Mike Pompeo said Monday that he submitted a formal notice to the United Nations. That starts a withdrawal process that does not become official for a year. His statement touted America’s carbon pollution cuts and called the Paris deal an...

  • Miami Nov 1, 2019

    How Much Are College Athletes' Names and Images Worth?

    How much are a college athlete’s name, image and likeness worth? And who would want to pay for them? The questions are front and center now that the NCAA, pressured by individual states that have started acting on their own, has taken a major step toward allowing athletes to make money off their fame. Deciding to reverse the prohibition on...

  • Donald Trump Oct 12, 2019

    Companies Welcome US-China Trade Truce, Warn Disputes Remain

    Companies have welcomed a U.S.-Chinese trade truce as a possible step toward breaking a deadlock in a 15-month-old tariff war, while economists caution there was little progress toward settling core disputes including technology that threaten global growth. President Donald Trump said Washington will suspend a tariff hike planned for Tuesday on $250 billion of Chinese goods. In exchange, Trump said...

  • Donald Trump Oct 11, 2019

    US Suspends Tariff Hike on Chinese Imports

    Speaking to reporters Friday, President Donald Trump said China and the U.S. are close on a limited deal including farm exports and that a U.S. tariff increase planned for Tuesday will no longer go into effect.

  • food Oct 6, 2019

    Protests Choke Communities in Haiti as Aid, Supplies Dwindle

    Gabriel Duvalesse squatted slightly as he prepared to push 50 gallons (190 liters) of cooking oil in an old wheelbarrow to an outdoors market an hour away so he could earn $1. It was his first job in seven days as deadly protests paralyze Haiti’s economy and shutter businesses and schools. Opposition leaders and thousands of supporters are demanding the...

  • driver Sep 6, 2019

    Modest Hiring Enough to Fuel Sluggish But Durable US Economy

    Hiring by U.S. employers was slower but steady in August, and hourly pay jumped — trends that should sustain the U.S. economy’s record-long expansion in the coming months. Yet with the economy still under threat from a weak global economy and President Donald Trump’s trade war with China, Chairman Jerome Powell made clear Friday that the Federal Reserve is poised...

  • Economy Aug 2, 2019

    Compare Unemployment Rates by State

    With the unemployment rate holding steady at a 50-year low, the American economic engine is expanding. The economic recovery since the recession has been working in favor of the American public with some signs of slowing down.

  • Donald Trump Aug 1, 2019

    Powell Raises as Many Questions As Answers With Fed Rate Cut

    The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping for. During a news conference, Chairman...

  • Donald Trump Jul 28, 2019

    Despite Calls to Start Over, US Health System Covers 90%

    America’s much-maligned health care system is covering 9 out of 10 people, a fact that hasn’t stopped the 2020 presidential candidates from refighting battles about how to provide coverage, from Bernie Sanders’ call for replacing private insurance with a government plan to President Donald Trump’s pledge to erase the Affordable Care Act and start over. The politicians are depicting a...

  • Federal Bureau of Investigation Jul 12, 2019

    Embattled Puerto Rico Gov Apologizes for Profane Tirade Against Ex-NYC Council Speaker

    Puerto Rican Gov. Gov. Ricardo Rosselló was in Europe with his family this week on vacation when his administration took several hits that many believe have tarnished the U.S. territory’s reputation and weakened its relationship with the U.S. government.

  • Harvard University Jul 10, 2019

    Harvard Suspends Well-Known Economist for ‘Unwelcome Sexual Conduct'

    Harvard University has suspended a well-known economist after an investigation found he engaged in “unwelcome sexual conduct” toward several people. Claudine Gay, a Harvard dean, said in an email to the economics department Wednesday that the review found Roland Fryer Jr. created a “hostile work environment” over several years. Gay says Fryer will be placed on administrative leave for two...

  • Donald Trump Jul 2, 2019

    Why Wealth Gap Has Grown Despite Record-Long Economic Growth

    As it enters its 11th year, America’s economic expansion is now the longest on record — a streak that has shrunk unemployment, swelled household wealth, revived the housing market and helped fuel an explosive rise in the stock market. Yet even after a full decade of uninterrupted economic growth, the richest Americans now hold a greater share of the nation’s...

  • NBCUniversal Inc. Jun 28, 2019

    Pete Buttigieg: ‘Medicare for All Who Want It'

    Mayor Pete Buttigieg describes his plan for health care and Medicare.

  • Donald Trump Jun 20, 2019

    Trump Honors Economist Who Advised Him on Lowering Taxes

    President Donald Trump awarded the Presidential Medal of Freedom on Wednesday to economist Arthur Laffer, whose disputed theories on tax cuts have guided Republican policy since the 1980s. Laffer, 78, advised Trump during his presidential campaign and co-wrote a flattering book, “Trumponomics: Inside the America First Plan to Revive Our Economy.” Laffer says lower tax rates change people’s behavior and...

  • Donald Trump Jun 19, 2019

    Trump Honors Economist Who Advised Him on Lowering Taxes

    President Donald Trump awarded the Presidential Medal of Freedom on Wednesday to economist Arthur Laffer, whose disputed theories on tax cuts have guided Republican policy since the 1980s. Laffer, 78, advised Trump during his presidential campaign and co-wrote a flattering book, “Trumponomics: Inside the America First Plan to Revive Our Economy.” Laffer says lower tax rates change people’s behavior and...

  • California Jun 17, 2019

    Oregon Poised to Pass Cap-and-Trade Climate Policy ‘to Hold Big Polluters Accountable'

    Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States’ most progressive climate policy, saying it not only cuts emissions but invests in transitioning the state economy and infrastructure to better prepare for more intense...

  • Donald Trump Jun 3, 2019

    Trump Says Top White House Economist Kevin Hassett Leaving

    President Donald Trump says the White House’s top economist is leaving soon. In a tweet Sunday night, Trump says the chairman of the Council of Economic Advisers, Kevin Hassett, will be departing “shortly” and praises him as having “done such a great job for me and the Administration.” Trump says he will name what he calls a “very talented replacement”...

  • Donald Trump Jun 3, 2019

    Trump Says Top White House Economist Kevin Hassett Leaving

    President Donald Trump says the White House’s top economist is leaving soon. In a tweet Sunday night, Trump says the chairman of the Council of Economic Advisers, Kevin Hassett, will be departing “shortly” and praises him as having “done such a great job for me and the Administration.” Trump says he will name what he calls a “very talented replacement”...

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