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06:43, 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 ...
02:51, 2019-08-21

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...
19:17, 2019-08-20

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,...
04:51, 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....
04:51, 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,...
04:51, 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 int...
04:51, 2019-08-20

'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....
09:51, 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 ...
09:51, 2019-08-19

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."...
03:34, 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....
10:34, 2019-08-17

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....
17:34, 2019-08-16

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 low...
17:34, 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 countermeasure...
17:34, 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....
17:34, 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 mo...
17:34, 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 c...
17:34, 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...
17:34, 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....
17:34, 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 s...
15:34, 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....
15:34, 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 Ja...
15:34, 2019-08-16

Couple’s Suit Over Parental Leave Is New Challenge to Big Law Firm Jones Day is accused of unlawfully dismissing a lawyer who questioned a gender disparity in its policies, and underpaying his wife when she worked there....
00:34, 2019-08-15

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....
20:00, 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....
13:34, 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...
06:00, 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 extrem...
06:00, 2019-08-14

U.S. Delays Some China Tariffs Until Stores Stock Up for Holidays President Trump pushed off imposing a new 10 percent tariff on cellphones, laptop computers, toys and other goods until Dec. 15. Some other items were excluded altogether....
02:34, 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...
02:00, 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 r...
23:34, 2019-08-13

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 C...
23:34, 2019-08-13

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 slowin...
20:00, 2019-08-13

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 Rep...
20:00, 2019-08-13

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 se...
18:00, 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 St...
18:00, 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....
09:00, 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....
09:00, 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....
09:00, 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....
09:00, 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...
13:34, 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 Intern...
05:34, 2019-08-12

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 t...
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 oth...
06:34, 2019-08-11

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....
19:34, 2019-08-10

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....
18:34, 2019-08-09

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 ...
16:00, 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 Labo...
11:34, 2019-08-09

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 t...
06:00, 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....
16:00, 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....
02:00, 2019-08-08

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...
07:00, 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 bar...
07:00, 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 pa...
07:00, 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 ...
07:00, 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....
07:00, 2019-08-07

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 wo...
04:00, 2019-08-06

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 techn...
04:00, 2019-08-06

How Does China’s Currency Move Put Pressure on U.S.? A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States....
01:51, 2019-08-06

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....
18:51, 2019-08-05

How China’s Currency Could Become a Trade War Weapon A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States....
18:51, 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....
01:17, 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 execut...
07:51, 2019-08-04

DR Congo Ebola outbreak now an international Public Health Emergency, UN health agency declares The second worst Ebola outbreak of all time, in the Democratic Republic of the Congo (DRC), was officially declared an international Public Health Emergency of International Concern on Wednesday, with...
22:17, 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 ta...
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 gove...
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."...
02:51, 2019-08-03

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, arguin...
22:00, 2019-08-02

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 c...
22:00, 2019-08-02

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....
18:00, 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....
07:00, 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 categori...
07:00, 2019-08-02

Trump accuses China of backtracking on trade and promises to add tariffs next month President Trump said Thursday that he would place tariffs 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 ...
03:00, 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...
03:00, 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....
03:00, 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 announc...
03:00, 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 tw...
03:00, 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....
03:00, 2019-08-02

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 unemploym...
08:00, 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....
06:51, 2019-08-01

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 Chi...
05:01, 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 t...
05:01, 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. B...
05:01, 2019-08-01

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 ...
21:34, 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 t...
21:34, 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 simpl...
21:34, 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 Democr...
21:34, 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....
21:34, 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 i...
21:34, 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 larges...
21:34, 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 account...
21:34, 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....
21:34, 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 announc...
21:34, 2019-07-31

Rand Paul declares Tea Party dead as Congress, Trump agree on new spending Budget hawk Sen. Rand Paul, ripping the new and expensive $2.7 trillion budget deal and its supporters on both sides, declared the tight-fisted Tea Party dead in a Senate speech....
21:00, 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....
21:00, 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....
21:00, 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....
20:00, 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....
20:00, 2019-07-31

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....
19:51, 2019-07-31

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....
19:51, 2019-07-31

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....
19:51, 2019-07-31

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....
19:51, 2019-07-31

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 report...
19:51, 2019-07-31

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....
19:51, 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....
18:00, 2019-07-31

A conservative case for a war tax Conservatives are always hesitant to support new taxes. For one thing, we have a deeply nonsensical, overcomplicated tax regimen already, where too many people are charged too much with too little of ...
10:17, 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 ty...
06:00, 2019-07-25

Labor secretary nominee Eugene Scalia faces conflict of interest problem in labor lawyer brother Labor secretary nominee Eugene Scalia may be obligated to recuse himself from some agency litigation, ethics experts say, because his younger brother John is a high-profile management-side lawyer invo...
06:00, 2019-07-25

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 fir...
22:34, 2019-07-24

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, ...
21:51, 2019-07-24

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 ...
21:17, 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 le...
09:00, 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 near...
09:00, 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....
03:00, 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 gove...
03:00, 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 oblit...
03:00, 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-...
03:00, 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 over...
19:34, 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....
02:34, 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...
00:17, 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 Ele...
23:17, 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....
19:51, 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, me...
09:51, 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...
14:51, 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...
01:17, 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 a...
23:51, 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 su...
06:34, 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...
05:34, 2019-07-19

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....
18:51, 2019-07-18

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....
17:34, 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....
06:51, 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 th...
05:01, 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...
02:00, 2019-07-17

Trump’s New Top Labor Official Is Expected to Advance an Anti-Labor Agenda One of Mr. Pizzella’s White House admirers describes him as a “movement conservative” more likely to agree with the White House on cutting labor rules and weakening unions than his predecessor....
00:17, 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 l...
00:00, 2019-07-17

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 a...
17:00, 2019-07-16

Homebuilder sentiment ticks up slightly, as housing shortage intensifies Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....
17:00, 2019-07-16

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,...
15:17, 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 ...
10:51, 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 b...
03:34, 2019-07-16

For our future, more Indian immigrants, please If, like me, you believe that the U.S. needs to welcome immigrants on a sustainable basis, you should support a greater U.S. government priority on the immigration of skilled Indian citizens to the Un...
03:34, 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 ...
03:34, 2019-07-16

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....
19:17, 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 Speake...
11:00, 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 nee...
23:34, 2019-07-12

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 me...
22:51, 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 oppor...
22:51, 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....
19:00, 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....
17:51, 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....
17:51, 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 a...
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 Washing...
17:51, 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-commerc...
17:51, 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 genera...
17:51, 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 a...
17:51, 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 Frida...
17:51, 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 ...
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....
17:51, 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....
17:51, 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....
15:01, 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 imagina...
15:00, 2019-07-11

Fed Chair Powell Signals Rate Cut as Economic Risks Loom Jerome H. Powell sent stock markets higher with comments that trade tensions and global economic issues continue to weigh on the United States economy....
01:17, 2019-07-11

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 av...
23:17, 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. T...
18:17, 2019-07-10

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 Dem...
18:17, 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....
18:17, 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 ...
18:17, 2019-07-10

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....
00:34, 2019-07-10

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 administr...
00:34, 2019-07-10

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....
00:34, 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 Darroc...
19:00, 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 ...
19:00, 2019-07-09

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 th...
04:51, 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 w...
18:51, 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...
18:51, 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....
12:17, 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 princ...
08:51, 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 minis...
18:34, 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....
04:17, 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 sai...
04:17, 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....
02:00, 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....
23:17, 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 w...
23:17, 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....
23:17, 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 p...
23:17, 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 the...
23:17, 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....
16:34, 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 d...
21:34, 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...
17:00, 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 the...
09:34, 2019-07-04

With Caribbean island life under threat, UN chief pushes to face ‘headwinds together’ To counter global challenges that are a particular threat to vulnerable island nations like those in the Caribbean, it’s vital to “face the headwinds together”, especially in the face of the destructi...
04:34, 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....
20:17, 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....
13:51, 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, Congr...
06:51, 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....
00:17, 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...
00:17, 2019-07-03

U.S. Proposes New Tariffs on $4 Billion of E.U. Goods as Trade Dispute Grows The United States moved to impose levies on more products than previously planned in an escalation of its fight with Europe over government aid for Boeing and Airbus....
20:34, 2019-07-02

$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 imp...
06:00, 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...
00:00, 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. Accordin...
22:34, 2019-07-01

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 ...
20:51, 2019-07-01

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....
18:34, 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, Immigran...
11:51, 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....
03:34, 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 red...
23:34, 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 restr...
06:34, 2019-06-28

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...
01:51, 2019-06-28

Trump's latest Iran sanctions target $200B economic empire of supreme leader The Trump administration's latest sanctions against Iran reinstate an embargo on some of Supreme Leader Ali Khamenei's front companies that President Barack Obama lifted as part of the nuclear deal an...
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....
00:17, 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 ...
23:51, 2019-06-27

New data show risk to Democrats of fully repealing Trump tax cuts A new analysis by the Joint Committee of Taxation, which is tasked with providing the official analysis of tax policy for members of Congress, demonstrates the risk to Democrats who choose to run on f...
20:00, 2019-06-27

Democrats back away from demand to reopen USMCA talks House Democrats are backing away from their demand that the Trump administration get its trade partners to renegotiate the U.S.-Mexico-Canada Agreement on trade....
20:00, 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....
20:00, 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 absor...
20:00, 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....
20:00, 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...
20:00, 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....
19:51, 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 fed...
19:51, 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 Hous...
19:51, 2019-06-27

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, illust...
11:51, 2019-06-22

Shattered ceiling: More college-educated women than men have jobs For the first time, there are more college-educated women than men in the labor force, according to the U.S. Bureau of Labor Statistics.FT_19.06.20_WomenLaborForce_Women-now-half-of-US-college-educate...
15:17, 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 cris...
10:00, 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....
07:51, 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 ...
07:51, 2019-06-20

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....
22:00, 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 administ...
22:00, 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....
22:00, 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....
22:00, 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....
21:17, 2019-06-19

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 c...
18:51, 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....
18:51, 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 t...
22:51, 2019-06-18

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....
22:34, 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 probl...
09:34, 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 ca...
02:34, 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 havin...
02:34, 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 polic...
02:34, 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....
02:34, 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....
01:51, 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 sin...
20:17, 2019-06-17

Amazon responds to Ocasio-Cortez's claim that it pays warehouse workers 'starvation wages' Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays workers $15 an hour plus ...
16:00, 2019-06-17

24 billion tons of fertile land lost every year, warns UN chief on World Day to Combat Desertification In a video message released in advance of the World Day to Combat Desertification and Drought, marked on Monday, UN Secretary-General António Guterres warned that the world loses 24 billion tons of fe...
04:17, 2019-06-17

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 communitie...
09:34, 2019-06-16

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....
09:34, 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....
08:51, 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....
04:34, 2019-06-15

Ahead of 2020 elections, situation in Burundi shows encouraging signs but remains fragile A UN Security Council meeting on the security and political situation in Burundi was held on Friday, as the country continues to grapple with a four-year-long crisis and is gearing up for new election...
01:17, 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, academi...
21:17, 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 we...
21:17, 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....
21:17, 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 wo...
21:17, 2019-06-14

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 becaus...
16:17, 2019-06-13

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....
15:51, 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 i...
15:51, 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 tha...
06:34, 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?...
06:34, 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...
06:34, 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. ...
23:00, 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...
17:17, 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....
01:17, 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....
00:51, 2019-06-12

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....
23:17, 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 colleg...
23:17, 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 Tue...
20:34, 2019-06-11

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....
17:34, 2019-06-11

Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue' President Donald Trump said Tuesday the U.S. is at a disadvantage compared to other major currencies like the euro as other central banks keep interest rates low while the Federal Reserve's rates...
16:51, 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...
14:17, 2019-06-11

That big 'Trump bump' in manufacturing is pretty much gone now Manufacturing had been one of the big winners during the Trump administration, but the surge appears to have stalled and tariffs could be at least partly to blame....
13:34, 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....
08:00, 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 ...
08:00, 2019-06-11

What's the matter with California? California wants to look after its people, so it keeps expanding its social safety net. It also wants to welcome all comers and so embraces illegal immigrants and protects them in sanctuary cities....
08:00, 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....
06:51, 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...
01:51, 2019-06-11

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....
19:34, 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 ag...
16:51, 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....
16:51, 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....
08:17, 2019-06-09

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...
11:34, 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 negot...
11:34, 2019-06-08

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 in...
11:34, 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...
20:34, 2019-06-07

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 ha...
20:34, 2019-06-07

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 rece...
20:34, 2019-06-07

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....
15:34, 2019-06-07

Georgia stands to lose $9.2 billion in Hollywood business Initially, Georgia Gov. Brian Kemp dismissed the Hollywood actors criticizing the so-called heartbeat abortion bill he signed in early May as "C-list celebrities."...
12:51, 2019-06-07

Trade negotiators cope with Trump’s surprise comments President Trump’s surprise threat to impose new tariffs on Mexico over immigration underscored that he has been a disruptive force not just to U.S. trade policy but to his own trade negotiating team....
12:51, 2019-06-07

Why is Planned Parenthood flipping out over the Hyde Amendment if abortion is really 3% of what they do? At one time, the Democratic Party took a seemingly moderate stance on abortion. Many of their politicians, including Hillary Clinton, even endorsed "safe, legal, and rare" as the best approach to what...
07:51, 2019-06-07

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...
22:00, 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....
22:00, 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, annou...
22:00, 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 leaders...
22:00, 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...
18:17, 2019-06-06

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....
15:34, 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...
10:00, 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 cou...
05:34, 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 progra...
05:34, 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...
05:34, 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....
05:34, 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 Mexi...
05:34, 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 com...
05:34, 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....
05:34, 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 man...
05:34, 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...
05:34, 2019-06-06

The economy is slowing, but not as bad as Wednesday's private payrolls report suggests Economists say while the soft ADP number is an anomaly, they do think the job market is weakening and will worsen if Trump moves forward with tariffs....
03:17, 2019-06-06

World Bank downgrades global growth forecasts, poorest countries hardest hit The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic ...
22:51, 2019-06-05

Putin Aims to Revive the Economy With a Plan. And Pianos. As Russian officials unveil a spending plan aimed at doubling growth in its troubled economy, critics see a $400 billion effort in Soviet-era planning....
21:34, 2019-06-05

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...
20:51, 2019-06-05

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 ...
18:51, 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 re...
10:00, 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....
04:34, 2019-06-05

11,000 People Who Prepare Your Airline Food Are Considering a Strike A shortage of controllers hastened the end of the government shutdown this year. Now catering employees hope a similar dynamic will help them win better pay....
21:34, 2019-06-04

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....
19:17, 2019-06-04

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 t...
19:17, 2019-06-04

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 c...
18:17, 2019-06-04

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....
17:51, 2019-06-04

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....
05:17, 2019-06-04

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 Americ...
23:17, 2019-06-03

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, i...
20:17, 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....
20:17, 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."...
09:00, 2019-06-03

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 tr...
09:00, 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 sen...
09:00, 2019-06-03

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 ...
08:51, 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 conventi...
22:34, 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 ...
10:00, 2019-06-01

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 ...
10:00, 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 immig...
10:00, 2019-06-01

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 under...
00:00, 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...
00:00, 2019-06-01

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. Thi...
18:17, 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....
18:17, 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 ...
18:17, 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....
18:17, 2019-05-31

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. H...
18:17, 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 de...
11:51, 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 ...
11:51, 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 l...
20:34, 2019-05-30

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....
20:34, 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 prelim...
06:17, 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 mi...
06:17, 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....
01:00, 2019-05-30

‘Ground-breaking innovation’ is needed in cities, where ‘the battle for sustainable development will be won or lost,’ says UN human settlements 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,” ...
23:34, 2019-05-29

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 Wedn...
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 gro...
22:17, 2019-05-29

The market now thinks the Fed will cut rates twice by late January Futures trading indicated a 63% chance of a September cut and a 62% probability of another easing in January, according to the CME's FedWatch tool....
21:51, 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....
18:51, 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....
18:51, 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....
18:51, 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...
22:51, 2019-05-28

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 ...
22:51, 2019-05-28

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 in...
16:34, 2019-05-28

Google’s Shadow Work Force: Temps Who Outnumber Full-Time Employees The tech company has long used contractors, but some employees worry that a growing reliance on them represents a shifting, less admirable work culture....
09:51, 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....
06:51, 2019-05-25

Energy of African youth ‘propelling’ new development era as UN ties bear fruit The “boundless energy and optimism” of young Africans is propelling the continent into a new era of sustainable development, alongside new partnerships between the UN and African Union....
06:00, 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....
02:00, 2019-05-25

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 hike...
10:17, 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....
05:51, 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...
22:34, 2019-05-23

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 ...
22:00, 2019-05-23

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....
22:00, 2019-05-23

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....
22:00, 2019-05-23

Trump administration unveils $16 billion bailout to farmers hurt by China trade war The Trump administration announced a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers who have been hurt by the U.S. trade war with China....
19:00, 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....
16:17, 2019-05-23

What Reparations for Slavery Might Look Like in 2019 The idea of economic amends for past injustices and persistent disparities is getting renewed attention. Here are some formulas for achieving the aim....
11:17, 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 sti...
10:34, 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 con...
10:34, 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 ...
01:17, 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 b...
01:17, 2019-05-23

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 Hou...
22:34, 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-...
22:34, 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 ...
22:34, 2019-05-22

'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 prog...
22:34, 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....
22:17, 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....
22:17, 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...
21:51, 2019-05-22

With potential to boost profits by up to 20 per cent, a woman’s place is at work, says UN labour agency Businesses perform better – sometimes by as much as 20 per cent – when they employ more women in top positions, UN labour experts said on Wednesday, warning nonetheless that most still pay lip-service...
18:17, 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....
16:00, 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 o...
16:00, 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....
16:00, 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....
16:00, 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 c...
00:17, 2019-05-22

The real reason millennials are in such bad financial shape According to the Wall Street Journal, new data show millennials are in "worse financial shape than every preceding living generation." The most common response to this new reality is that millennials ...
23:51, 2019-05-21

Housing Crisis 2.0: Just Around the Block? Everyone remembers that housing prices were crushed during and even after the 2007-2009 financial crisis. Are we headed toward a repeat? Here's what we've been telling subscribers......
23:17, 2019-05-21

What’s Driving the Housing Downturn? Interest Rates or Investor Psychology Housing data in 2018 looked ... unhealthy. The "villain" seems obvious -- namely, central bank rate hikes. But now see the charts and evidence that show a different (and far more credible) explanation...
23:17, 2019-05-21

Here's the Consensus About a 2019 Recession A survey of chief financial officers reveals a near unanimous opinion about the prospects for a recession this year. This consensus has piqued our interest. Here's why......
23:17, 2019-05-21

Trouble on the “Home” Front – What’s Next for Real Estate? In this interview, EWI's Pro Services analyst Murray Gunn speaks with Dana Weeks about what’s really behind the turn in housing, and what may be next....
23:17, 2019-05-21

What Were YOU Reading When the Euro Peaked in 2018 – then Plunged For a Year? In February 2018, euro-bullishness was everywhere: Traders, the media, Wall Street. Now watch Jim Martens show his charts & forecast that went against the herd....
23:17, 2019-05-21

Why Have Sedans "Slumped" and SUVs "Surged"? There is Indeed a Trend Behind the Trend Major stock market trends don't happen in a vacuum -- the "trend behind the trend" is literally visible throughout the culture and economy. In this interview with Dana Weeks, Matt Lampert explains the...
23:17, 2019-05-21

The Fed Follows the Market Yet Again This article from Financial Forecast co-editors Steven Hochberg and Pete Kendall explains why the Fed DOES NOT drive interest rates. See the crystal-clear facts and evidence that uncovers the truth be...
23:17, 2019-05-21

How Homebuilding Stocks Signal Big-Time Trouble Houses have been subject to price fluctuations like the stock market for one reason: They're considered an investment as much as a place to hang your hat. Learn what our analysts are saying about an "...
23:17, 2019-05-21

Global Manufacturing: About to Enter "A World of Hurt"? See the broader economic context that day-to-day headlines don't deliver: Chart of the Day shows you the big-picture trend in the all-important trend in global manufacturing....
23:17, 2019-05-21

Brexit Sage: Deflation and the "Generational Weakening" of the U.K. Economy In this interview, EWI's Murray Gunn shows Dana Weeks the evidence of a U.K. property decline -- and explains the big-picture meaning for mood and the larger economy....
23:17, 2019-05-21

UN highlights need to solve growing burden of forcibly displaced Africans With 24.2 million Africans forced from their homes in 2017  ̶  4.6 million more than the previous year  ̶  the UN is hosting a three-day event at UN headquarters, focusing on finding durable solutions...
21:51, 2019-05-21

‘We Have a Lot of Questions’: Doubts Loom Over G.M. Plan for Lordstown Plant President Trump said he was helping to save jobs at the Ohio factory after General Motors ceased production there. But such promises have not always panned out....
21:00, 2019-05-21

They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States. Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock market....
21:00, 2019-05-21

Trump Could Raise Tariffs on China. Here’s How China Could Respond. Beijing could match what the United States does, and its options include upping the ante in untraditional ways. But most of its choices come with drawbacks....
21:00, 2019-05-21

Nonfiction: 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....
21:00, 2019-05-21

U.S.-China Trade Standoff May Be Initial Skirmish in Broader Economic War The United States is wary of China’s growing role in the global economy and its tactics for getting ahead. China sees some of the demands as infringing on its sovereignty....
21:00, 2019-05-21

The New New World: 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....
21:00, 2019-05-21