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03:10, 2019-10-15

Reducing disaster risk is a good investment, and ‘the right thing to do’, says Guterres There is a strong economic case for climate resilience and reducing the risk of disasters, UN Secretary-General António Guterres said in a message to mark the International Day for Disaster Risk Reduc...
00:51, 2019-10-14

US and China reach 'phase one' trade deal, staving off more tariffs for now President Trump said Friday that his administration had reached a "substantial deal" on trade with Beijing but that the specific details remain to be worked out....
02:00, 2019-10-12

Stocks jump as Trump announces partial trade pact with China Stocks surged Friday after President Trump announced the U.S. and China reached a partial trade deal, defusing trade tensions between the world’s two largest economies....
02:00, 2019-10-12

Climate emergency: City mayors are 'world's first responders', says UN chief City bosses are “the world’s first responders to the climate emergency” UN chief António Guterres declared on Friday, at an international mayors’ summit in Copenhagen....
23:00, 2019-10-11

City mayors ‘world’s first responders to climate emergency’, UN chief tells Summit City bosses are “the world’s first responders to the climate emergency” UN chief António Guterres declared on Friday, at an international mayors’ summit in Copenhagen....
19:00, 2019-10-11

Trump to Meet Chinese Envoy Amid Hopes of Trade War Truce President Trump will meet with China’s top trade negotiator Friday amid growing expectations that the two countries could announce a limited agreement that would lower tensions in the trade war....
19:00, 2019-10-11

Millennials are the new post-Depression generation Spending money with abandon might not be suitable for your wallet, but it makes the national economic data look good. Conversely, saving is prudent, but it can put a drag on GDP numbers in the short t...
07:00, 2019-10-11

Trump trade deal struggling at the Mexican border President Trump's United States-Mexico-Canada Agreement on trade is one thing the White House would rather not see stuck at the southern border, yet it's been trapped there for months. Ratification of...
07:00, 2019-10-11

Fed Votes to Lighten Regulations for All but the Largest Banks Banks including Capital One, U.S. Bancorp, Barclays and Credit Suisse can file ‘living wills,’ which describe how they would wind down in a failure, less often....
04:34, 2019-10-11

Hershey’s C.E.O. Knows How to Get Americans to Indulge Michele Buck started her career selling Funyuns, Munchos and Cheetos. Then she invented a new holiday for Cool Whip. Today, she runs one of the world’s biggest candy companies....
14:00, 2019-10-10

Major teachers union suffers loss following 2018 Janus Supreme Court ruling The American Federation of Teachers has lost 76,000 members over the last year, a 4% decline for the now-1.7 million member union, one of the largest covering public sector workers. The decline has tr...
07:34, 2019-10-10

US and China aim for limited deal on trade and agriculture in talks this week U.S. and Chinese negotiators are reportedly pursuing a limited trade during talks this week in Washington, D.C. As part of the deal, China is offering to increase purchases of U.S. farm products. The ...
18:00, 2019-10-09

Democrats report little progress on USMCA following Mexico trip A delegation of congressional Democrats reported little progress in advancing the U.S.-Mexico-Canada Agreement on trade following a meeting Tuesday with Mexican President Andres Manuel López Obrador....
23:34, 2019-10-08

Two French economists from Berkeley advise Warren and Sanders on wealth tax Elizabeth Warren and Bernie Sanders have the same two outside advisers to thank for shaping their wealth tax proposals: University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman....
01:00, 2019-10-08

Turning waste into wealth: World Habitat Day focus on cleaning up cities Waste can have a devastating effect on public health, the environment, and the climate, but cutting-edge innovation and technology can provide improved, cheaper solutions to the challenge, and help ci...
19:00, 2019-10-07

Two French economists from Berkeley advising Warren and Sanders on wealth tax Elizabeth Warren and Bernie Sanders have the same two outside advisers to thank for shaping their wealth tax proposals: University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman....
10:34, 2019-10-07

The Berkeley economists advising both Warren and Sanders on their groundbreaking wealth tax proposals Elizabeth Warren and Bernie Sanders have the same two outside advisers to thank for shaping their wealth tax proposals: University of California, Berkeley economists Emmanuel Saez and Gabriel Zucman....
16:00, 2019-10-06

Treasury inspector general investigating handling of Trump's tax returns An inspector general within the Treasury Department is investigating the Trump administration's handling of a congressional request for President Trump's tax returns....
17:34, 2019-10-05

Economy added 136,000 jobs in September to bring unemployment to 5-decade low The U.S. economy added 136,000 jobs in September, and the unemployment rate ticked down to 3.5%, a new 50-year low, according to federal data released Friday....
01:00, 2019-10-05

Meghan McCain accuses Joy Behar of 'fake news' over claim that the economy is slowing down The View's Meghan McCain accused her co-host Joy Behar of spreading "fake news" over claims that the economy is slowing down during the show Friday morning....
01:00, 2019-10-05

UN commits to help Pacific island agriculture adapt and survive climate crisis The UN’s Food and Agriculture Organization (FAO) pledged on Friday to work hand in hand with the people of the Pacific to improve nutrition, and mitigate the worst effects of climate change, which pos...
17:34, 2019-10-04

Former Trump trade adviser Clete Willems talks China and cycling Clete Willems, a former senior adviser to President Trump on international trade and economic policy, left the White House in June to join Akin Gump Strauss Hauer & Feld, Washington, D.C.'s biggest lo...
10:00, 2019-10-04

Impeachment is distracting from the turtle-like economy At a time when all eyes seem to be focused on Washington’s unfolding impeachment drama, news on the economy could receive short shrift. But some of the most recent data call for attention. In a few wo...
05:00, 2019-10-04

Can we feed the world and ensure no one goes hungry? Enough food is produced today to feed everyone on the planet, but hunger is on the rise in some parts of the world, and some 821 million people are considered to be “chronically undernourished”. What ...
04:34, 2019-10-04

US weekly jobless claims rise slightly First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, up slightly from the 213,000 claims reported for the previous week....
18:34, 2019-10-03

Warren proposes sweeping rewrite of labor laws to aid unions Democratic presidential candidate Elizabeth Warren is proposing a top-to-bottom rewrite of federal labor laws to make it easier for unions, whose support she needs to gain the nomination, to bring in ...
18:34, 2019-10-03

To save labor, Democrats revive idea unions dropped in 1950s: 'Sectoral bargaining' In a sign of the importance of labor backing in the 2020 Democratic primary, several candidates have courted unions by endorsing the idea of “sectoral bargaining," that is, collective bargaining on a ...
07:00, 2019-10-03

WTO rules in favor of US in Airbus dispute, paving way for tariffs The World Trade Organization ruled in favor of the United States Wednesday in a long-running dispute with the European Union over subsidies to Airbus, paving the way for the U.S. to hit the EU with $7...
05:34, 2019-10-03

Scotch, cheese, olive oil and more: Trump to enact $7.5 billion in tariffs on EU imports The Trump administration plans to enact new 10%-25% tariffs on about $7.5 billion worth of European Union products starting on Oct. 18. The move follows a ruling Wednesday by the World Trade Organizat...
05:34, 2019-10-03

WTO rules for US in Airbus dispute, paving way for tariffs The World Trade Organization ruled in favor of the U.S. Wednesday in a long-running dispute with the European Union over subsidies to Airbus, paving the way for the U.S. to hit the EU with $7.5 billio...
17:00, 2019-10-02

Is there a recession coming? Keep an eye on these key indicators While there's no crystal ball to accurately predict when a recession will hit, there are some leading indicators investors and economists look out for when trying to forecast economic activity in...
06:34, 2019-10-01

White House adviser calls reports of a China investment ban 'fake news' White House trade policy adviser Peter Navarro said Monday that reports late last week that the Trump administration was mulling a ban on U.S. investment in China were "fake news." He said there were ...
04:34, 2019-10-01

Retailer Forever 21 will close 350 stores as it files for bankruptcy Forever 21, the fast fashion clothing retailer and a staple of malls around the country, announced it has filed for bankruptcy and will close hundreds of stores, a move that underscores the struggles ...
04:34, 2019-10-01

Marco Rubio and Jeanne Shaheen warn government retiree program against investing in Communist Party of China Republican Marco Rubio and Democrat Jeanne Shaheen are calling on the entity that manages the retirement funds for most government workers to avoid a specific market index so as not to invest in compa...
04:34, 2019-10-01

Reserve our banking system for legal businesses, including marijuana Coloradans know better than most that the legalization of marijuana has been a topic of contention and confusion in recent years. In 2012, Colorado and Washington became the first states to legalize m...
13:34, 2019-09-30

Unresolved question in USMCA talks: The Labor Department's role enforcing it As the Trump administration, congressional Democrats, and Mexican officials struggle to complete negotiations over the U.S.-Mexico-Canada Agreement, one of the issues that remains unresolved is the ro...
06:51, 2019-09-28

White House mulling ban on US investment in China The White House is reportedly mulling limits or even a ban on U.S. investment in China, a potential new escalation in the ongoing trade war with Beijing. The White House and Beijing negotiators have b...
22:51, 2019-09-27

Trump economy the 'opening' to independents and women, president ‘killing it with union workers’ The humming economy is not only boosting support for President Trump among union workers, Hispanics, and even Amazon shoppers, but it is his pathway to bringing in new voters, especially skeptical fem...
18:51, 2019-09-27

Some Wall Street Democrats say they will flip to Trump if Elizabeth Warren is the nominee. Can you really blame them? Elizabeth Warren might be rising in the primary polls, but there’s one group of Democratic voters who view her nomination as a worst-case result: Wall Street Democrats....
18:51, 2019-09-27

Wilbur Ross: Liberal media 'very desperately' trying to spark a recession Commerce Secretary Wilbur Ross accused the “left-wing media” of attempting to force the economy into a recession in an effort to ruin President Trump’s chances of reelection....
18:51, 2019-09-27

Consumer spending edges up 0.1% in August Consumer spending, a key driver of the U.S. economy, grew modestly in August amid the protracted trade war with China and slowing of the global economy....
18:51, 2019-09-27

New orders for key US-made capital goods unexpectedly drop in August Overall orders for durable goods, items ranging from toasters to aircraft that are meant to last three years or more, rose 0.2% in August after surging 2.0% in the prior month....
18:17, 2019-09-27

Small craft breweries in holding pattern as tax cut poised to expire Bill Butcher, the owner of Port City Brewing Company in Alexandria, Virginia, has a wish list of investments he'd like to make in his growing brewery....
06:17, 2019-09-27

Indiana senator says farmers not blaming Trump President Trump's trade war with China has hit farmers especially hard. Beijing has sharply reduced Chinese purchases of U.S. farm products or cut them off completely. The loss of sales has led to tal...
06:17, 2019-09-27

Socialism’s Thin Monopoly I wanted badly to like Monopoly: Socialism, I’ll admit. Though released last year, Hasbro’s socialist-parody version of the original board game caused something of a stir last month after it became th...
06:17, 2019-09-27

Eugene Scalia, Obama Labor Department foe, confirmed to head agency under Trump The Senate confirmed private sector lawyer Eugene Scalia Thursday to be labor secretary, putting the department in the hands of one of the leading critics of the Obama administration's labor policies....
03:17, 2019-09-27

US weekly jobless claims rise marginally First-time claims for state unemployment benefits were expected to total 212,000 for the most recent week, up slightly from the 208,000 claims reported for the previous week....
23:17, 2019-09-26

UN chief sets out roadmap to ‘raise ambition’, fund sustainable development In his opening remarks to the High-Level Dialogue on Financing for Development, held at UN headquarters in New York on Thursday, UN chief António Guterres outlined his roadmap for financing the 2030 A...
22:17, 2019-09-26

Trump claims stock market will crash if he is impeached Ahead of public testimony about the whistleblower complaint by the acting director of national intelligence, President Trump said that if he is impeached the stock market would crash....
19:17, 2019-09-26

A Troubling Sign for U.S. Real Estate Market U.S. housing prices rebounded significantly following the depths of the housing bust. However, worrisome signs are beginning to appear. Take a look at this chart from our current Financial Forecast....
04:51, 2019-09-26

'Chaos is a ladder': Democrat argues impeachment might help USMCA trade deal Los Angeles Rep. Jimmy Gomez, one of the top Democrats negotiating for a U.S.-Mexico trade deal, argued Wednesday that the impeachment inquiry may actually help the deal get through Congress....
04:17, 2019-09-26

Democrats face recriminations as marijuana banking bill splits legalization groups The imminent House passage of historic legislation to allow banks to serve marijuana businesses is splitting marijuana advocates, some of whom argue that the vote will slow the broader push to legaliz...
20:17, 2019-09-25

US announces 'early agreement' on trade deal with Japan The Trump administration announced Wednesday that it had reached an "early agreement" on a trade deal with Japan covering agriculture and digital trade....
20:17, 2019-09-25

Trump administration finalizes overtime rule scaled back from Obama proposal The Trump administration released the final version of its revamped overtime rule Tuesday extending time-and-a-half coverage to an additional 1.3 million workers. The increase was nevertheless lower t...
02:51, 2019-09-25

Senate committee OKs Trump pick for labor secretary Private-sector lawyer Eugene Scalia, President Trump's pick for labor secretary, gained approval from the Senate Health, Education, Labor and Pensions Committee on a party-line vote Tuesday....
02:51, 2019-09-25

Trump administration approving almost half of requests to avoid steel tariffs The Trump administration has granted about one out of every two requests from importers to be exempted from the tariffs it has placed on imports of steel and aluminum products....
02:51, 2019-09-25

Thanks to Trump, 7 million have quit food stamps According to recently released government data, exactly 36,029,506 Americans (18,230,968 households) are currently enrolled in the Supplemental Nutrition Assistance Program, known as SNAP. Although it...
16:51, 2019-09-24

Sanders tries to top Warren with new wealth tax proposal Bernie Sanders on Tuesday proposed a wealth tax on the top 0.1% of U.S. households in order to reduce income inequality and fund his many proposals for new or expanded social programs....
16:51, 2019-09-24

Boston Fed president warns of risks in rise of coworking spaces The head of the Federal Reserve Bank of Boston warned the surge in coworking spaces in major urban office markets could lead to significant commercial real estate losses during the next economic downt...
01:17, 2019-09-24

Banks worth $47 trillion adopt new UN-backed climate, sustainability principles Banks collectively with more than $47 trillion in assets, or a third of the global industry, signed up on Sunday to new United Nations-backed responsible banking principles in a massive boost for clim...
03:51, 2019-09-23

From Underwear to Cars, India’s Economy Is Fraying The country once had the world’s fastest-growing economy, but it has been battered by global and domestic forces. India’s troubles are a warning sign for other developing countries....
07:51, 2019-09-21

NLRB proposes rule that would prevent students from unionizing The National Labor Relations Board will propose an official rule to prevent undergraduate and graduate students paid by private universities from being able to collectively bargain....
06:17, 2019-09-21

Democrats promote unionizing entire industries with 'sectoral bargaining' Cory Booker has become the latest Democratic presidential candidate to back unionizing entire industries by supporting a concept called "sectoral bargaining." The idea dates back to the 1930s and invo...
06:17, 2019-09-21

Betsy DeVos busts colleges misusing federal dollars for anti-Semitic social justice curriculum On Sept. 17, the Department of Education published a letter warning the Duke-University of North Carolina Consortium for Middle East Studies that it has been improperly using federal grant dollars. Th...
22:17, 2019-09-20

Fed's Bullard, explaining his rate cut dissent, says US manufacturing appears to be 'in recession' James Bullard said he dissented on this week's Fed decision to lower rates by a quarter point because he didn't think the cut was big enough....
13:17, 2019-09-20

House Democrats call for stripping tax-exempt status from 60 ‘hate groups’ House Democrats on the Ways and Means Committee said on Thursday that over 60 alleged hate groups, mostly socially conservative organizations, anti-immigration entities, and religious groups should be...
02:17, 2019-09-20

Trader Joe's removes pictures of circus elephants from packaging to appease PETA Trader Joe's plans to discontinue package designs that contain images of circus elephants after People for the Ethical Treatment of Animals successful lobbied the grocery chain....
01:17, 2019-09-20

'Secretary of corporate interests': Democrats portray labor nominee Eugene Scalia as against workers Senate Democrats tried hard at the nomination hearing for President Trump's labor secretary nominee, private sector management-side attorney Eugene Scalia, to portray him as too beholden to corporatio...
22:17, 2019-09-19

Trump adviser says tariffs could go to 50% or 100% if China doesn't agree to deal Michael Pillsbury, an outsider adviser to the White House on China policy, said that President Trump would likely escalate the trade war if no deal is reached, including by dramatically raising existi...
22:17, 2019-09-19

Gavin Newsom signs landmark bill making Uber and Lyft drivers employees, not contractors California Gov. Gavin Newsom on Wednesday signed legislation intended to force "gig economy" businesses such as Uber and Lyft to classify their workers as employees, not contractors. The legislation, ...
16:51, 2019-09-19

Timber industry pressing to be included in Trump trade war assistance for farmers The timber industry is pressing the Trump administration and Congress to be included in the China trade retaliation relief currently available to the agricultural industry. The administration has thus...
16:51, 2019-09-19

Elizabeth Warren has a plan that could crash the market Presidential candidate Sen. Elizabeth Warren likes to tell everyone that she "has a plan" for virtually every issue facing the country. Most of her plans (tax the rich schemes to pay for massive new g...
16:51, 2019-09-19

Trump announces elimination of California auto emissions authority President Trump announced Wednesday that his administration will eliminate California's authority to set greenhouse gas emissions limits for passenger cars stricter than federal regulations....
21:51, 2019-09-18

No, the Great American Bread Machine isn't dying The most recent census report on U.S. household income contained some fundamental good news that should be celebrated. Stated in constant 2018 dollars and including all forms of income, the shares of ...
21:51, 2019-09-18

Fed cuts rates, facing global risks and pressure from Trump The Federal Reserve lowered its interest rate target by a quarter percentage point Wednesday, its second consecutive rate cut, in an effort to keep the economic expansion running despite signs of weak...
21:51, 2019-09-18

Gavin Newsom signs landmark bill making Uber, Lyft driver employees, not contractors California Governor Gavin Newsom on Wednesday signed legislation intended to force "gig economy" businesses such as Uber and Lyft to classify their workers as employees, not contractors. The legislati...
21:51, 2019-09-18

Powell says a 'sequence' of rate cuts could be needed if economy turns, but doesn't see that now Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now....
21:51, 2019-09-18

The Fed Is Poised to Cut Rates Again. Here’s What to Watch. The central bank is set to announce its decision at 2 p.m. There will be a lot of moving parts, but policymakers are unlikely to do enough to satisfy President Trump....
14:17, 2019-09-18

GOP sets quick vote for Trump labor secretary pick Eugene Scalia Senate Health, Education, Labor and Pensions Committee Chairman Lamar Alexander announced Tuesday that the panel will vote on President Trump's pick to head the Labor Department, private sector lawyer...
07:51, 2019-09-18

Election authorities aren't in a position to stop Yang's free money giveaway even if it is illegal Democratic presidential candidate Andrew Yang’s “freedom dividend” free money raffle has raised questions of legality, but the watchdog tasked with overseeing campaign finance issues, the Federal Elec...
07:51, 2019-09-18

Labor watchdog agency could gain all-GOP board in December The National Labor Relations Board, the main labor law enforcement agency, is on track to be completely controlled by Republicans in December. The five-seat board currently only has four members, and ...
07:51, 2019-09-18

How an Oil Price Surge Could Hurt the U.S. Economy The spike in oil prices after the drone attacks in Saudi Arabia won’t start a recession. But a sustained surge in energy prices might have a bigger impact....
19:17, 2019-09-17

Fed rate cut is coming, but some market insiders doubt it's really necessary A Federal Reserve rate cut at the end of this week's two-day FOMC meeting is considered a "lock" by the market, but chief financial officers of major corporations still harbor doubts about whethe...
16:51, 2019-09-17

Striking GM autoworkers seek to undo union deal setting different wage tiers General Motors workers went on strike this week in part to undo an agreement their union, the United Auto Workers, made nearly a decade ago to protect longtime workers at the expense of new ones. New ...
16:51, 2019-09-17

Luddites are coming for your self-checkout line What would you think if you pulled into your favorite gas station and learned that just two of the 10 pumps were operating on a self-serve basis, and the other eight required buzzing a station employe...
16:51, 2019-09-17

Modi, Trump, and a rally to make foreign policy great again We should welcome President Trump's attendance at an upcoming Houston rally by Indian Prime Minister Narendra Modi. It might seem silly, but this rally will serve real foreign policy interests....
16:51, 2019-09-17

Recession fears among fund managers rise to highest level in a decade The risk of a global recession is at its highest since August 2009, according to a survey of fund managers, as slowing growth, trade and political uncertainty takes its toll on investor sentiment....
13:51, 2019-09-17

An Oil Price Surge Could Hurt Consumer Spending, and the Economy The spike in oil prices after the drone attacks in Saudi Arabia won’t start a recession. But a sustained surge in energy prices might have a bigger impact....
13:51, 2019-09-17

GM autoworkers go on nationwide strike General Motors employees went on strike nationwide Monday following the expiration of the company's collective bargaining contract with the United Auto Workers....
04:51, 2019-09-17

Oil Prices Spike After Attack on Saudi Facilities but Lasting Disruption Seen Unlikely Experts say a severe shock to energy markets and the world economy is unlikely. They expect oil and gas prices to rise modestly, if the damage is quickly repaired....
23:17, 2019-09-16

Trump Urges ‘Big’ Rate Cut as Fed Faces Challenges From short-term political and trade war concerns to a long-term lack of “firefighting capability” if the economy dives, things are not poised to get easier for Chair Jerome H. Powell....
23:17, 2019-09-16

Short-Term Impact on Oil Prices Seen After Attack on Saudi Facilities Experts say a severe shock to energy markets and the world economy is unlikely. They expect oil and gas prices to rise modestly, if the damage is quickly repaired....
13:51, 2019-09-16

Guterres calls for ‘maximum restraint’ following drone assault on key Saudi oil facility The UN Secretary-General appealed on Sunday for “maximum restraint" following a wave of drone attacks claimed by Houthi rebels in Yemen, against a huge Saudi Arabian State-owned Armco petroleum proces...
08:51, 2019-09-16

Attack on Saudi Oil Facility Is Seen as Short-Term Disruption Experts say a severe shock to energy markets and the world economy is unlikely. They expect oil and gas prices to rise modestly, if the damage is quickly repaired....
03:17, 2019-09-16

Trump moves haphazardly toward Tax Cuts 2.0 President Trump is putting together a proposal for a second round of tax cuts to fortify his reelection platform, but the effort is coming together only hesitatingly and faces uncertain buy-in even am...
16:17, 2019-09-15

SEIU accused of union-busting by its own staff Staff members of the Service Employees International Union, one of the nation's largest labor organizations, have accused it of union-busting and mounted a stepped-up campaign against it in the last w...
11:51, 2019-09-14

Beijing backs away from including Huawei in trade talks China is pulling back on demands that national security issues be included in trade talks, suggesting that the status of Chinese telecom company Huawei, which the U.S. has called a national security t...
11:51, 2019-09-14

Macron must not buckle on pension reform In Paris, protesters brought the French capital to a near standstill on Friday. They're furious over President Emmanuel Macron's pension reform program, and they're promising that larger protests will...
23:00, 2019-09-13

Delhi Declaration: Countries agree to make ‘land degradation neutrality’ by 2030, a national target for action A major UN conference on fighting desertification agreed on Friday to make the Sustainable Development Goal target of achieving “land degradation neutrality” (LDN), a national target for action....
22:00, 2019-09-13

Obituary: T. Boone Pickens, 1928-2019 The death last week of 91-year-old T. Boone Pickens, the southwest oilman, corporate raider, hedge funder, and philanthropist, reminds us that business tycoons in America used to be more interesting c...
15:34, 2019-09-13

U.S.-China rift gets a relationship status The Trump administration’s trade policy with China has gradually come to be associated with the phrase “decoupling.” The emergence of the phrase, which is generally used to mean a simple pullback in t...
15:34, 2019-09-13

In debate, Democrats steer clear of economy HOUSTON — In the last few weeks, Democratic presidential candidates have focused on fears of a recession, accusing President Trump of recklessness in handling the nation's economic affairs....
15:34, 2019-09-13

'It's all gone to hell now': Fiscal hawks suffer their time in the wilderness For one night, Democrats and Republicans packed a Capitol Hill hotel Tuesday to celebrate a cause that has otherwise been abandoned in Washington: Fiscal conservatism....
01:34, 2019-09-13

Trade talk thaw: Chinese companies renew soybean purchases Chinese firms reportedly bought more than 600,000 metric tons of U.S. soybeans on Thursday, the country’s largest buy overall since June. The purchases come amid other signs of a thaw in relations bet...
01:34, 2019-09-13

Uber faces uphill legal fight against California law Uber's announcement that it would continue to classify its California drivers as contractors despite new state legislation classifying the workers as employees drew scoffs from labor law experts....
01:34, 2019-09-13

Elizabeth Warren unveils Social Security plan to raise benefits by $200 via taxes on high earners Elizabeth Warren proposed a sweeping new plan to increase Social Security benefits by $200 per month and pay for it by raising taxes on high-income earners....
19:34, 2019-09-12

China seeks to narrow trade talks with US, put aside Huawei and security issues China will reportedly try to separate trade issues and national security ones from the upcoming round of negotiations set to begin in Washington, D.C....
16:34, 2019-09-12

Occupational licensing reform is not a partisan issue You won't find President Trump agreeing with Hillary Clinton and Barack Obama on many issues, but the need for occupational licensing reform is one major exception. They, along with many other politic...
16:34, 2019-09-12

Yes, Trump can use executive authority on capital gains indexing As expected, Congress’ summer break didn’t mean a letup in the never-ending debate about capital gains indexing — whether or not President Trump should (or even can) allow taxpayers to remove inflatio...
14:34, 2019-09-12

Fed up ridesharing drivers nevertheless have questions about California legislative fix California’s passage of a bill to force “gig economy” companies such as Uber and Lyft to classify all workers as employees rather than contractors is drawing a wary and divided reaction from the drive...
07:34, 2019-09-12

Confusion and Defiance Follow California’s New Contractor Law Hours after state lawmakers voted to extend minimum-wage and other protections to independent contractors, Uber said it would not treat its drivers as employees....
00:34, 2019-09-12

Climate crisis could see ‘collapse’ of some economies without diversification, warns UN trade chief Climate change poses an “existential threat to commodity-dependent developing countries”, the United Nation’s trade chief said on Wednesday, pointing to a newly released report highlighting the need t...
23:34, 2019-09-11

Trump calls for Fed 'boneheads' to slash interest rates to zero President Trump on Wednesday continued his attacks on the Federal Reserve, calling the central bank and its chairman, Jerome Powell, “boneheads” and urging the central bank to cut interest rates to ze...
21:34, 2019-09-11

California passes landmark bill to make Uber and Lyft drivers employees, not contractors The Democrat-led California legislature passed legislation on Wednesday that would require gig-economy companies such as Uber and Lyft to stop classifying employees as contractors rather than employee...
21:34, 2019-09-11

A working-class party will be a mostly nonwhite party Donald Trump in 2016 elicited eye-rolls from K Street Republicans and chuckles from self-satisfied liberals when he promised to make the Republican Party a working-class party. Then Trump went ahead a...
21:34, 2019-09-11

Weekly mortgage applications rise as buyer's market takes hold Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgage application volume rose 2% last week compared wi...
15:00, 2019-09-11

The income inequality crisis that wasn’t Socialist senior citizen Bernie Sanders has regularly characterized supposedly rampant income inequality as the “defining crisis of our time,” and lamented throughout his presidential campaign that “t...
05:00, 2019-09-11

NLRB makes it easier for employers to change labor contracts without union permission The National Labor Relations Board, the main federal labor law enforcement agency, issued a ruling Tuesday that will make it easier for employers to alter provisions in a labor contract without the un...
05:00, 2019-09-11

US job openings decline for second straight month U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists' views that job growth has peaked....
23:00, 2019-09-10

George Soros praises Trump's China policy but urges hard line on Huawei Liberal donor George Soros praised President Trump's policy on China Tuesday and warned against backtracking on it by granting Beijing concessions relating to the telecom company Huawei. Soros urged l...
16:00, 2019-09-10

JPMorgan Chase unveils 'Volfefe Index' to measure impact of Trump's tweets From attacks on the Federal Reserve and its chairman Jerome Powell to boasts about the U.S. economy, it's no secret that President Trump's tweets have the power to move markets....
05:34, 2019-09-10

For now, there’s no recession in sight When Friday’s employment report indicated that just 130,000 jobs had been added to the August workforce and that 25,000 of those were census workers, there were sighs of disappointment from those who ...
05:34, 2019-09-10

Federal budget deficit hits $1T through 11 months of 2019 fiscal year The federal government's budget deficit was over $1 trillion for the first 11 months of the 2019 fiscal year, the Congressional Budget Office estimated in a report released on Monday....
05:34, 2019-09-10

Trump administration indicates migration deal to avoid Mexico tariffs is holding up The Trump administration indicated Monday that a deal it struck with Mexico in June to limit immigration in exchange for forgoing 5% tariffs on Mexican goods was holding up, signaling that it was unli...
05:34, 2019-09-10

California Labor Bill, Near Passage, Is Blow to Uber and Lyft The companies seem to have fallen short in efforts to dodge legislation classifying many workers in the gig economy as employees and not contractors....
04:34, 2019-09-10

Republicans don't want Mark Sanford, and his run for president is pointless Of all the reasons former South Carolina Rep. Mark Sanford could have given to run for president, he couldn’t have possibly picked a dumber one than “to further and foster a national debate.”...
00:00, 2019-09-10

August jobs miss expectations — Cramer and other experts on what this means It was a softer August job market than anticipated. CNBC's Jim Cramer and other experts lay out what it means for the Fed, the economy and markets....
09:34, 2019-09-08

Warren’s vampire plan seeks to drive a stake through the heart of capitalism Elizabeth Warren, the 2020 Democrat presidential hopeful and former Harvard professor, believes private equity companies are parasites on the economy. The Massachusetts Senator describes the business ...
17:17, 2019-09-07

NLRB rules companies can bar nonemployee union activists from property The National Labor Relations Board, the main federal labor law enforcement agency, ruled Friday that businesses can ban nonemployee union activists from their property....
13:51, 2019-09-07

Black unemployment rate hits record low The unemployment rate among black Americans hit a record low in August, closing in on the gap in unemployment rates between white and black Americans....
22:51, 2019-09-06

It will take hometown heroes to fix broken towns EAST LIVERPOOL, Ohio — Greg Bricker is tired of his community looking through the rearview mirror to an idyllic past, rather than looking forward and trying to plot a better course....
19:17, 2019-09-06

Economy added 130,000 jobs in August, falling short of expectations amid recession fears The economy gained 130,000 jobs in August while the unemployment rate stayed at 3.7%, the Bureau of Labor Statistics reported Friday, a middling result that will do little to dispel worries that comme...
19:17, 2019-09-06

The jobs report is even weaker than it seems, shows an economy on tenterhooks at Trump's trade war On it's face, the August jobs report from the Bureau of Labor Statistics doesn't look too bad for the economy. The economy added 130,000 jobs, missing the 150,000 mark expected by economists. Unemploy...
19:17, 2019-09-06

'Tempers are calmer now' in China trade talks, Kudlow says White House economic adviser Larry Kudlow said Friday that trade negotiations between the United States and China could show progress this month because both sides have pulled back following a period ...
19:17, 2019-09-06

US job growth likely slowed in August, but gains are enough to support the economy Nonfarm payrolls were expected to increase by 150,000 in August, while the unemployment rate was seen holding steady at 3.7%, according to economists surveyed by Dow Jones....
16:17, 2019-09-06

Full speed ahead for deregulation train Labor Secretary Patrick Pizzella knows he is likely to be demoted by the Trump administration before the end of the year, but doesn’t mind. He is, in fact, eagerly helping the process along by setting...
07:17, 2019-09-06

Rising retiree bankruptcies? It's a myth Do retirees face a crisis of rising bankruptcies? That’s what pretty much every major news outlet would have you believe. “The boomers going bust: why elderly bankruptcy is rising in America,” headlin...
07:17, 2019-09-06

Trump is hurting the military so he can build his ‘wall’ President Trump is wrong on both legal and policy grounds to divert $3.6 billion from already approved military construction projects for use instead in building his vaunted “wall” on the Mexican bord...
00:51, 2019-09-06

People hate Uber, but it's because of quality control, not politics Uber is reportedly in “crisis mode" as it works to piece back together its disintegrating reputation. But a Washington Post article from late last month gives every indication that it’s a lost cause....
21:17, 2019-09-05

Northern Bahamas ravaged by 'disaster of epic proportions' as UN releases US$1 million in emergency funds Following the “terrible devastation” of parts of the northern Bahamas in the Caribbean caused by Hurricane Dorian,  Secretary-General António Guterres has said he “remains deeply concerned” for those ...
20:17, 2019-09-05

US weekly jobless claims increase marginally First-time claims for state unemployment benefits were expected to total 215,000 in the most recent week, in line with the prior week's number of claims....
16:17, 2019-09-05

‘I Put My Own Life on Hold’: Adult Children on the Pain, and Joy, of Caring for Elderly Parents Readers shared their experiences of helping ailing relatives. For some, it brought crippling financial burdens and depression. Many also found moments of profound joy....
15:17, 2019-09-05

Key Democrat says USMCA negotiation process 'not over yet,' could go into 2020 Connecticut Democrat Rosa DeLauro said Wednesday that the negotiations for the U.S.-Mexico-Canada Agreement on trade are "not over yet" and numerous key issues have yet to be resolved....
06:51, 2019-09-05

Labor Department rehires staffer Bloomberg accused of anti-Semitism The Labor Department announced Wednesday that it was was rehiring Wage and Hour Division official Leif Olson, who resigned on Tuesday following a Bloomberg report alleging that he had written anti-Sem...
06:51, 2019-09-05

‘Digital divide’ will worsen inequalities, without better global cooperation Inequality will worsen unless the so-called “digital divide” – the gap between under-connected and highly digitalized countries – is not addressed, warns a new report released on Wednesday by the UN t...
02:51, 2019-09-05

Northern Bahamas ravaged by 'disaster of epic proportions' as UN releases $1 million in emergency funds Following the “terrible devastation” of parts of the northern Bahamas in the Caribbean caused by Hurricane Dorian,  Secretary-General António Guterres has said he “remains deeply concerned” for those ...
02:51, 2019-09-05

Maryland state workers sue union, alleging it defied Janus ruling and coerced dues A group of 19 Maryland state employees have filed a class action suit against their union, American Federation of State, County and Municipal Employees Council 3, seeking $7 million in dues they claim...
22:17, 2019-09-04

Fox Business host: 'Our economy is suffering' as a 'direct result' of Trump trade war with China Fox Business host Stuart Varney acknowledged that the United States economy is "suffering" as a "direct result" of President Trump's trade negotiations with China....
22:17, 2019-09-04

End the 'robots are coming for your job' panic Robots and automation will destroy American jobs — it’s a worrying refrain we hear echoed by prominent figures in academia, the private sector, and the media alike. The Brookings Institution, the mana...
18:17, 2019-09-04

Boston Fed president warns against cutting interest rates While President Trump has urged the Federal Reserve to slash interest rates to strengthen the economy, the head of the Federal Reserve Bank of Boston warned Wednesday further rate cuts could come at a...
18:17, 2019-09-04

FROM THE FIELD: Balancing act for Philippines farmers An effort to reverse land degradation in the Philippines and boost sustainable agriculture as well as the livelihoods of farmers, is being supported by the UN Development Programme (UNDP)....
18:17, 2019-09-04

‘They are riding a rubber ducky into alligator-infested waters’ Trump faces a contracting U.S. factory sector, a narrow path to trade victories and investors spooked by recession risks — all before an election year....
14:51, 2019-09-04

Fed's Bullard says 'aggressive' step is needed to align Fed with markets, insure against trade war The U.S. Federal Reserve should cut interest rates to get ahead of both market expectations for a rate cut and a global trade war, St. Louis Federal Reserve President James Bullard said....
14:17, 2019-09-04

Trump deputies study cutting taxes by indexing capital gains to inflation Several offices within the Trump administration are studying a policy that would lower taxes for investments such as stocks and real estate, according to a senior administration official....
13:17, 2019-09-04

Fake NFL jerseys reveal the evils of Chinese counterfeit goods When the National Football League’s regular season kicks off this Thursday, millions of fans will wear their favorite teams’ jerseys to show their support. Not all jerseys are created equal, however....
13:17, 2019-09-04

Reporters bash Bloomberg Law for story leading to resignation of Trump Labor appointee A number of reporters expressed their displeasure with Bloomberg Law after they published a story about an old Facebook post from a Trump Labor official that led to the person's resignation....
13:17, 2019-09-04

U.S. Manufacturing Slowed in August in Latest Sign of Economic Weakness A key index fell to its lowest level since January 2016 as production managers said President Trump’s trade war with China was straining supply chains....
21:51, 2019-09-03

Whatever America's energy future, our nuclear waste problem isn't going anywhere Electricity affects nearly every aspect of modern life, from the food supply to health, transportation, housing and emergency services. Lives depend on reliable access to electrical power and nuclear ...
09:17, 2019-09-03

DR Congo President and UN chief meet at a ‘historic moment’ for democracy in the country On the third and final day of his visit to the Democratic Republic of Congo (DRC), UN chief António Guterres declared that the country is experiencing a historic moment, which could herald the develop...
21:51, 2019-09-02

There is always dignity in work Part of what makes the United States unique is our celebration of this holiday on the first Monday in September. Only America and Canada have Labor Day today....
18:17, 2019-09-02

Wisconsin Sen. Ron Johnson: Voters hurt by trade war sticking with Trump anyway OSHKOSH, Wisconsin — It’s just after 7:30 p.m. on a breezeless, sweltering August evening along Lake Winnebago. Sen. Ron Johnson has just returned home from Madison after spending the day at Epic list...
18:17, 2019-09-02

From coercion to corruption to collapse: The UAW's predictable demise The life cycle of labor unions is predictable, the late economist Sylvester Petro once wrote. Because they are born not out of mutual exchange, but out of state-backed coercion, American unions inevit...
18:17, 2019-09-02

US consumer spending jumps in July Consumer spending in the United States surged in July, according to new data released Friday, suggesting American households are playing a crucial role in ensuring economic expansion continues....
17:00, 2019-08-31

Trump China tariffs headed for rates comparable to Smoot-Hawley levies that worsened Great Depression The Trump administration is scheduled to raise tariffs on Chinese imports on Sunday to rates not seen since the notorious Smoot-Hawley tariffs enacted in 1930....
17:00, 2019-08-31

Trump administration review of Ukrainian security aid worries former Soviet satellite states President Trump’s decision to subject funding for Ukrainian security to extra scrutiny is stirring unease among European allies worried about Russian aggression....
22:00, 2019-08-30

Economy grew at 2.0% in second quarter, revised data show The U.S. economy grew at a 2.0% annualized rate in the second quarter of 2019, the Bureau of Economic Analysis reported Thursday in a second estimate of gross domestic product....
07:00, 2019-08-30

Trumka says labor department nominee Scalia 'has only gotten worse' since Bush administration tenure AFL-CIO President Richard Trumka said the labor government would likely oppose President Trump's pick to be labor secretary, lawyer Eugene Scalia, arguing that the nominee has "only gotten worse" sinc...
07:00, 2019-08-30

Even Harry Reid knows ‘Medicare for all’ is a disaster Former Senate Majority Leader Harry Reid of Nevada, recently made headlines for criticizing the "Medicare for all" proposal popular among Democratic presidential candidates. In an interview with Vice,...
07:00, 2019-08-30

Federal watchdog agency: Misclassifying workers as independent contractors is not a labor violation Misclassifying an employee as an independent contractor is not itself a violation of federal law, the National Labor Relations Board ruled Thursday in a victory for employers....
07:00, 2019-08-30

NBC News can’t verify Lawrence O’Donnell’s bombshell Trump-Russia report MSNBC prime time host Lawrence O'Donnell was forced to add additional context to a bombshell claim he made in regards to Deutsche Bank's recent disclosures and its connection to President Trump....
06:34, 2019-08-29

Lawrence O'Donnell says he made 'an error in judgment' by reporting unverified Trump-Russia bombshell MSNBC prime-time anchor Lawrence O'Donnell issued an apology for running with a single-sourced unverified claim about President Trump and Deutsche Bank....
06:34, 2019-08-29

‘Extinction crisis’ pushes countries to agree stronger protection for global wildlife At-risk wildlife that is facing a “growing extinction crisis” received a boost on Wednesday, as countries wrapped up a marathon meeting in Geneva, by agreeing to increased protection measures and more...
23:34, 2019-08-28

Corruption undermines democracy and contributes to instability, warns senior UN anti-crime official Corruption undermines democratic institutions, slows economic development and contributes to governmental instability, Mirella Dummar-Frahi, Civil Society Team Leader at the United Nations Office on D...
18:00, 2019-08-28

Olive Garden calls out fake claims they support Trump after boycott trends Olive Garden, the Italian American chain restaurant, was forced to defend itself against potential customer boycotts after a Twitter user claimed the company was funding President Trump's 2020 reelect...
09:34, 2019-08-28

Trump says trade fight with China is 'the way I negotiate' President Trump defended his negotiating approach with China and disputed that it caused uncertainty for the global economy, saying that the style had worked for him in the past and was working for th...
09:34, 2019-08-28

Trump’s trade wars risk global economic disaster With President Trump threatening large-scale trade wars against multiple trading partners simultaneously, it’s time to explain, in terms of cause and effect, just why trade wars are terrible for the U...
09:34, 2019-08-28

Wyden says 'under no circumstances' should Trump host G-7 summit at his hotel Oregon Senator Ron Wyden said that "under no circumstances" should President Trump be allowed to host next year's G-7 summit at Trump National Doral golf resort in Florida, arguing that it would be an...
09:34, 2019-08-28

Democrats oppose proposed Trump administration changes to apprenticeship laws A group of about 150 Democrats told the Trump administration Monday that it objected to proposed changes to federal apprenticeship programs, a key push by the White House. The lawmakers argued that th...
09:34, 2019-08-28

Jimmy Carter’s 1977 law gives Trump sweeping powers to block China trade Legal scholars and trade policy experts say that President Trump is right to claim broad powers to prohibit companies from trading with foreign countries thanks to a 1977 law that has previously not g...
09:34, 2019-08-28

Former New York Fed president says central bankers should interfere with the 2020 election to oust Trump Want to know how to spot someone who was unaffected by the last recession? Look for the people who argue now that another economic disaster would be worth it if it means President Trump loses his 2020...
09:34, 2019-08-28

Bernie Sanders seems to think socialism has reduced Chinese poverty; he's got it exactly wrong Bernie Sanders has a new hero. During an interview with Hill.TV, the Vermont senator claimed that despite China’s authoritarian tilt, the communist regime has made “more progress in addressing extreme...
09:34, 2019-08-28

No face-to-face trade talks announced for US and China, telephone talks limited The White House and Beijing have said they are engaged in negotiations over trade, but the current talks are taking place only over the telephone and appear to be limited. There have been no face-to-f...
09:34, 2019-08-28

Here's one way San Francisco is a shining example San Francisco just proved that even under challenging conditions, a city doesn't have to sell its soul or sell out its taxpayers in order to broaden its tax base....
06:34, 2019-08-28

Technology brings positive change, but ‘collateral damage’ must be minimized: senior UN official Digital technology has the potential to bring about a sustainable future, but the “collateral damage” of this transition must be mitigated, says the head of the UN’s technology strategy team, Salem Av...
04:00, 2019-08-28

Trump has considered higher tariffs on China, White House says The White House ratcheted up the trade war rhetoric with Beijing on Sunday by claiming that President Trump was considering placing even higher tariffs on Chinese goods. The comments were meant to cla...
11:00, 2019-08-26

'You bet': Boris Johnson vows to talk Trump down from trade war at G-7 Prime Minister of the United Kingdom Boris Johnson told reporters on Saturday that he intends to tell President Trump to deescalate his trade war with China during a planned Sunday meeting....
02:17, 2019-08-25

Dow drops 400 points after Trump ‘ordered’ US companies from China The Dow Jones Industrial Average slid more than 350 points in the minutes following a tweet from President Trump "ordering" U.S. companies to find suppliers out of China....
20:17, 2019-08-24

Sensing vulnerability, China turns up the heat on Trump With its announcement on Friday of new 5-10% tariffs on $75 billion in U.S. goods, China is escalating pressure on President Trump. Xi Jinping senses that Trump is increasingly desperate for a trade d...
20:17, 2019-08-24

Dow closes 600 points down as Trump tweets fan trade war The Dow Jones Industrial Average ended Friday down more than 600 points, about 2.4%, capping a daylong slide that started after President Trump directed U.S. companies to find alternatives to Chinese ...
20:17, 2019-08-24

Chamber of Commerce rebuffs Trump on China pullout The U.S Chamber of Commerce said Friday that President Trump's call for U.S. businesses to pull out of all trade with China was the wrong course. The nation's largest business trade association warned...
20:17, 2019-08-24

NLRB may change rule protecting profane speech by union activists The National Labor Relations Board may soon change the rules on how profane, verbally abusive, and racially insensitive labor activists can be and still be protected under the National Labor Relations...
20:17, 2019-08-24

Business groups slam China tariff hikes and call for end to trade war escalation The business community slammed the White House's announcement Friday that it was hiking tariffs on Chinese goods. Trade associations said the continuing escalation of the U.S.-China trade war was bene...
20:17, 2019-08-24

'I was kidding, being sarcastic': Trump defends comment that he is 'the chosen one' President Trump tweeted in defense of his comment that he is 'the chosen one' during a Wednesday press conference while discussing the trade arrangements with China....
20:17, 2019-08-24

Trump says US businesses are 'ordered' to find alternatives to China trade President Trump on Friday directed all U.S. businesses to immediately find alternative sources for any goods they were importing from China. The comments came in response to China's announcement earli...
18:17, 2019-08-23

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

Record low unemployment no insurance against a recession With recession fears starting to haunt the 2020 election, the Trump administration is pointing to factors like the nation’s historically low unemployment rate to calm nerves. The problem with that arg...
16:17, 2019-08-23

China to slap tariffs on $75 billion in US goods China plans to slap new tariffs on $75 billion worth of American products as retaliation against President Trump’s latest round of duties in the latest escalation of the trade war between Washington a...
16:17, 2019-08-23

Keep calm and trust in free-market democracy: Hong Kong shows how America can defeat China In our globalized economy, highly mobile capital works in favor of investors and consumers who value democratic protections. That dooms China's authoritarian model unless Beijing can force the world t...
02:17, 2019-08-23

Central Bankers Want to Keep Economies Growing, but Politicians Hold the Keys Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real keys to the economic future....
23:17, 2019-08-22

Relentless sequence of disasters in Asia-Pacific ‘sign of things to come’, cautions UN regional body Changing patterns and worsening impacts of natural disasters in Asia and the Pacific, coupled with environmental degradation and climate change, are not only making efforts to predict such catastrophe...
22:51, 2019-08-22

Reporter testing the 'availability of guns at Walmart' fails background check Hayley Peterson, a senior correspondent for Business Insider, investigated "the availability of guns at Walmart" by attempting to purchase a firearm but was unable to buy a gun after failing a backgro...
20:17, 2019-08-22

Overstock CEO resigns after ‘deep state’ comments Patrick Byrne has resigned as the CEO of Overstock following comments he made about the “deep state,” and his relationship with Russian agent Maria Butina....
20:17, 2019-08-22

US manufacturing sector contracts for first time in nearly 10 years U.S. manufacturing contracted in August for the first time in nearly a decade, the most recent indicator of the effect President Trump’s protracted trade war with China is having on the economy....
20:17, 2019-08-22

CBO says Trump's tariffs hurting economic growth The nonpartisan Congressional Budget Office said Wednesday that the White House's trade policies, in particular its use of tariffs, has become a drag on economic growth and could cost families more th...
04:17, 2019-08-22

Boeing to hire 'few hundred' workers to support grounded 737 MAX Boeing needs a “few hundred” temporary employees to help oversee its grounded fleet of 737 MAX jets as the company works to return the planes to the skies....
04:17, 2019-08-22

No mention of 'Medicare for all' from Warren or Sanders at union event Presidential candidates Elizabeth Warren and Bernie Sanders, speaking at an Iowa labor event for 2020 Democrats, both conspicuously omitted one of the most contentious issues of the 2020 primary: a to...
04:17, 2019-08-22

Democrats want to keep tariffs off EU olive oil Nineteen Democrats wrote U.S. Trade Representative Robert Lighthizer Wednesday to demand that the U.S. ensure that olive oil imported from Europe remain tariff-free....
04:17, 2019-08-22

AFL-CIO's Trumka warns Democratic union endorsement not automatic AFL-CIO President Richard Trumka warned Democrats on Wednesday that they could not take union endorsements for granted and would have to meet a higher bar this election cycle to get them. The leader o...
04:17, 2019-08-22

Trump team braces GOP donors for a potential ‘moderate and short’ recession The White House is weighing cuts to corporate and payroll taxes, among other measures, to cushion the U.S. economy if an election-year recession hits....
18:17, 2019-08-21

Trump risks reelection crown jewel with economic silliness President Trump's economic record should be the leading selling point in his reelection campaign, but Trump is risking that record with his increasingly erratic calls for populist inflationary policie...
17:17, 2019-08-21

White House whiplash: Trump says he is considering payroll tax cut after spokesman denied it President Trump said he is mulling a cut to payroll taxes to keep the U.S. economy firing, just hours after White house officials denied the idea was under consideration....
17:17, 2019-08-21

Trump says he had to 'take China on,' regardless of the short-term impact on US economy President Donald Trump said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades....
15:51, 2019-08-21

Target CEO: The US trade war creates 'uncertainty' and 'complexity' Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1....
15:51, 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