Business

Boost the Schmooze? Trump Wants Tax Dining Deduction Back

WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is... Read More

WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing. Trump... Read More

2020-03-31 17:59:31
by Dan McCue
Treasury Rolls Out Airline Aid Strategy, Urging Carriers to Act Quickly

WASHINGTON - The Treasury Department provided some guidance Monday night on how it will award grants and loans to airlines... Read More

WASHINGTON - The Treasury Department provided some guidance Monday night on how it will award grants and loans to airlines affected by the coronavirus outbreak, urging them to apply for "payroll support" by Friday. The department said the resources it... Read More

2020-03-31 16:14:38
by Dan McCue
Real Estate Industry Hoping for Stimulus Aid for Non-Depository Lenders

WASHINGTON - Even before Congress had passed the third economic stimulus package of the coronavirus era on Friday, talk had... Read More

WASHINGTON - Even before Congress had passed the third economic stimulus package of the coronavirus era on Friday, talk had turned to what should be included in a currently hypothetical, but no less likely, fourth stimulus bill. Among the welcome... Read More

2020-03-30 20:28:08
by Dan McCue
Justices Rule Firm Chartering Vessel For Transport of Oil Obligated to Provide Safe Berth

WASHINGTON - In a case with implications to both maritime transportation and international trade, the Supreme Court ruled a firm... Read More

WASHINGTON - In a case with implications to both maritime transportation and international trade, the Supreme Court ruled a firm that contracted for a delivery of oil was obligated to provide “safe berth” for the vessel carrying it. The underlying... Read More

Kudlow Says Government Could Take Equity Stakes in Companies That Want Aid

WASHINGTON — The White House’s top economic adviser, Larry Kudlow, said the administration may consider asking for an equity stake... Read More

WASHINGTON — The White House’s top economic adviser, Larry Kudlow, said the administration may consider asking for an equity stake in corporations that want coronavirus aid from taxpayers. “One of the ideas is, if we provide assistance, we might take... Read More

2020-03-16 21:56:18
by Dan McCue
US Airlines Seeking Nearly $60 Billion to Sustain Industry During Virus Outbreak

WASHINGTON - U.S. Airlines are asking for close to $60 billion in government assistance to help them deal with industry... Read More

WASHINGTON - U.S. Airlines are asking for close to $60 billion in government assistance to help them deal with industry travails associated with the ongoing coronavirus outbreak. Airlines for America, the trade association that represents Delta, United, American and Southwest,... Read More

2020-03-13 14:49:06
by Dan McCue
Coalition Launches to Celebrate and Protect the Bayh-Dole Act

North Charleston, South Carolina, the smaller, hard-working neighbor of the historic coastal city that shares its name, suddenly found itself... Read More

North Charleston, South Carolina, the smaller, hard-working neighbor of the historic coastal city that shares its name, suddenly found itself at the center of a regional crisis. Home to a thriving Navy base for nearly a century, it learned in... Read More

Trump Suspends All Travel From Europe to US Over ‘Horrible’ Coronavirus Pandemic

President Donald Trump took the extraordinary step Wednesday of announcing a suspension of all travel from Europe to the U.S.... Read More

President Donald Trump took the extraordinary step Wednesday of announcing a suspension of all travel from Europe to the U.S. in an effort to contain the coronavirus, calling the fast-spreading respiratory illness a “horrible” pandemic that requires an “aggressive” response.... Read More

NBA Suspends Season Until Further Notice, Over Coronavirus

MIAMI (AP) — The NBA has suspended its season “until further notice" after a Utah Jazz player tested positive Wednesday... Read More

MIAMI (AP) — The NBA has suspended its season “until further notice" after a Utah Jazz player tested positive Wednesday for the coronavirus, a move that came only hours after the majority of the league's owners were leaning toward playing... Read More

As Recession Fears Mount, Eyes Turn to The American Consumer

WASHINGTON — As the White House, Congress and the Federal Reserve struggle to stem the growing financial and economic crisis,... Read More

WASHINGTON — As the White House, Congress and the Federal Reserve struggle to stem the growing financial and economic crisis, the likelihood of success may ultimately come down to one factor: the American consumer. What’s largely behind the mounting recession... Read More

2020-02-10 21:44:06
by Dan McCue
Pompeo Warns Governors to Be Wary of China's Economic Overtures

WASHINGTON -  Secretary of State Michael Pompeo delivered a stern warning about China in a speech to governors on Saturday,... Read More

WASHINGTON -  Secretary of State Michael Pompeo delivered a stern warning about China in a speech to governors on Saturday, warning that Beijing is using economic promises as a wedge to exploit U.S. vulnerabilities. "The competition with China is not... Read More

2020-02-07 16:51:18
by Kate Michael
White House Says China Guilty of 'Massive' Intellectual Property Theft, FBI Vows Crackdown

WASHINGTON - National Security Advisor Robert O’Brien told a gathering of world ambassadors this week that China has engaged in... Read More

WASHINGTON - National Security Advisor Robert O’Brien told a gathering of world ambassadors this week that China has engaged in a "massive theft" of Intellectual property from the U.S., complicating diplomatic relations and making events like the recent trade dispute... Read More

2020-02-04 21:34:58
by Dan McCue
Survey Finds Large Employers Expanding Paid Leave Benefits

WASHINGTON - A majority of U.S.- based large employers are expanding paid leave benefits by increasing the number of days... Read More

WASHINGTON - A majority of U.S.- based large employers are expanding paid leave benefits by increasing the number of days available for leave, broadening eligibility, and considering new types of paid leave, a new Business Group on Health survey found.... Read More

2020-01-23 15:56:34
by Dan McCue
Davos Breakthrough: France, US Agree to Press Ahead With Global 'Digital Tax' Talks

The United States and France agreed Thursday to proceed with talks that could result in a global rewrite of cross-border... Read More

The United States and France agreed Thursday to proceed with talks that could result in a global rewrite of cross-border tax rules for the digital era. The agreement to temporarily set aside a brewing tariff war over France’s digital tax... Read More

2020-01-13 16:57:20
by Dan McCue
New Mexico Governor Declares Space Her State's Next Frontier

New Mexico Gov. Michelle Lujan Grisham last week declared the burgeoning space industry is one of her nine economic growth... Read More

New Mexico Gov. Michelle Lujan Grisham last week declared the burgeoning space industry is one of her nine economic growth sectors for the state. “New Mexico is truly breaking barriers in the space industry,” the governor said as she opened... Read More

$3.2 Million in Legal Weed Was Sold in Illinois on First Day

CHICAGO — Customers spent almost $3.2 million on legal weed in Illinois on the first day of recreational marijuana sales... Read More

CHICAGO — Customers spent almost $3.2 million on legal weed in Illinois on the first day of recreational marijuana sales Wednesday, marking one of the strongest showings of any state in the history of pot legalization. “This is particularly impressive... Read More

Boeing CEO Dennis Muilenburg Resigns from Troubled Planemaker

CHICAGO — Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a U.S.... Read More

CHICAGO — Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a U.S. industrial champion engulfed in turmoil after two deadly crashes of its top-selling 737 Max jetliner. David Calhoun, who had served... Read More

Boeing CEO Dennis Muilenburg to Step Down Immediately

Boeing's CEO is resigning amid ongoing problems at the company over the troubled Max 737 aircraft. The Chicago manufacturer said... Read More

Boeing's CEO is resigning amid ongoing problems at the company over the troubled Max 737 aircraft. The Chicago manufacturer said Monday that Dennis Muilenburg is stepping down immediately. The board's current chairman David Calhoun will officially take over on January... Read More

2019-12-20 18:27:13
by Dan McCue
Restoration of Local Tax Breaks Illustrates Gottheimer’s Commitment to Working Families

WASHINGTON - House Democrats voted to lift a $10,000 limit on state and local tax deductions, known as SALT, repealing... Read More

WASHINGTON - House Democrats voted to lift a $10,000 limit on state and local tax deductions, known as SALT, repealing a deduction limit Republicans had imposed as part of their 2017 tax code overhaul. The bill, H.R.5377 , which was... Read More

2019-12-20 14:41:04
by Dan McCue
Revised North American Trade Deal Overwhelmingly Passes House

WASHINGTON - In a strong show of bipartisan cooperation just hours after they were at each other's throats over the... Read More

WASHINGTON - In a strong show of bipartisan cooperation just hours after they were at each other's throats over the impeachment of President Donald Trump, Democrats and Republicans threw their support behind a new trade agreement with Canada and Mexico.... Read More

No Date Set for U.S.-China ‘Phase Two’ Talks, Lighthizer Says

WASHINGTON — No date has been set so far for the U.S. and China to kick off “phase two” trade... Read More

WASHINGTON — No date has been set so far for the U.S. and China to kick off “phase two” trade talks, said U.S. Trade Representative Robert Lighthizer, contradicting a suggestion by President Donald Trump that negotiations would start right away.... Read More

Congress Considers Reviving Tax Breaks Prized by ADM, Tesla, GM

WASHINGTON — U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax... Read More

WASHINGTON — U.S. lawmakers led by Senate Finance Committee Chairman Charles Grassley are negotiating a potential revival of expired tax breaks in last-minute negotiations over a government spending bill. The talks, which were held on Saturday, are focused on reinstating... Read More

2019-12-13 15:04:02
by Dan McCue
Brindisi Secures Key Victory for Upstate New York in Defense Bill

WASHINGTON - The House passage of the National Defense Authorization Act means many things to many people, but to the... Read More

WASHINGTON - The House passage of the National Defense Authorization Act means many things to many people, but to the residents of one region in Upstate New York, the massive spending bill means one thing: good-paying jobs for the foreseeable... Read More

2019-12-10 22:51:49
by Dan McCue
Democrats, White House Reach Deal on New North American Trade Agreement

WASHINGTON — Long after some thought an agreement between the House and the Trump administration on a new North American... Read More

WASHINGTON — Long after some thought an agreement between the House and the Trump administration on a new North American trade pact would require a miracle, a deal was finally announced on the same day the House unveiled impeachment charges... Read More

2019-12-06 21:27:21
by Dan McCue
Jeans Brands, Suppliers Urge House to Move Quickly on Approving USMCA

WASHINGTON - Inaction in Congress on USMCA, the proposed new trade deal between the United States, Mexico and Canada, isn't... Read More

WASHINGTON - Inaction in Congress on USMCA, the proposed new trade deal between the United States, Mexico and Canada, isn't just a political matter, it's causing real concern for some of the nation's most recognizable brands and the network of... Read More

US Mulls Duties on $2.4 Billion in French Goods Over Tech Tax

WASHINGTON — The U.S. proposed tariffs on roughly $2.4 billion in French products, in response to a tax on digital... Read More

WASHINGTON — The U.S. proposed tariffs on roughly $2.4 billion in French products, in response to a tax on digital revenues that hits large American tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc. “France’s digital services tax... Read More

Online Sales Break Black Friday Record as Clicks Beat Queues

NEW YORK — Black Friday hit a record $7.4 billion in U.S. online sales as many shoppers spent the day... Read More

NEW YORK — Black Friday hit a record $7.4 billion in U.S. online sales as many shoppers spent the day clicking instead of lining up to buy. It was the second-biggest U.S. online sales day ever, behind 2018 Cyber Monday’s... Read More

Trump Dispenses Billions in Aid to Farmers, Hoping to Shore Up Rural Base

WASHINGTON — Moving to offset the impact his trade war has had on rural America, President Donald Trump has bypassed... Read More

WASHINGTON — Moving to offset the impact his trade war has had on rural America, President Donald Trump has bypassed Congress to send some $20 billion in aid to farmers, mostly going to a bundle of states that are essential... Read More

House Committee Calls for Action to Prevent Airline Mishandling of Wheelchairs

U.S. House committee leaders this week called for airlines to do more to prevent mishandling of wheelchairs and scooters of... Read More

U.S. House committee leaders this week called for airlines to do more to prevent mishandling of wheelchairs and scooters of passengers with disabilities, and sought more information on airlines’ policies and procedures. In a letter to industry group Airlines for... Read More

2019-11-14 18:52:32
by Dan McCue
GSA Audits Sought for Federal Properties Leased to Private Parties

WASHINGTON - A pair of House committee chairs want the General Services Administration to conduct audits of federal properties that... Read More

WASHINGTON - A pair of House committee chairs want the General Services Administration to conduct audits of federal properties that have been leased to private parties, including the Trump Hotel. Reps. Peter DeFazio, D-Ore., chairman of the House Committee on... Read More

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