Economy

Trump’s Stock Market Now Worst Since Double-Recession George W. Bush
Wall Street
Trump’s Stock Market Now Worst Since Double-Recession George W. Bush

WASHINGTON — The return on stocks since Donald Trump’s presidential election win in 2016 has slumped to 24% thanks to the historic rout the past three weeks, undercutting what had been a better-than-average gain for American leaders over the past... Read More

Coronavirus Response Puts Administration Weaknesses Under Spotlight
Political News
Coronavirus Response Puts Administration Weaknesses Under Spotlight

WASHINGTON — President Donald Trump’s inattention to detail, distaste for experts, need for validation and belief that he can create his own set of alternative facts have been hallmarks of his political rise. But after three years in which daily... Read More

Trump Suspends All Travel From Europe to US Over ‘Horrible’ Coronavirus Pandemic
Health
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. in an effort to contain the coronavirus, calling the fast-spreading respiratory illness a “horrible” pandemic that requires an “aggressive” response.... Read More

Congress Skeptical of Trump’s Payroll Tax Cut as Bipartisan Talks Begin to Address Coronavirus
Economy
Congress Skeptical of Trump’s Payroll Tax Cut as Bipartisan Talks Begin to Address Coronavirus

WASHINGTON — One of President Donald Trump’s key proposals to confront the economic fallout of the novel coronavirus — a payroll tax cut — got mixed reviews from Senate Republicans on Tuesday during a Capitol Hill strategy-planning lunch that ended... Read More

Blue Dogs Support Stimulus Package While Stressing COVID-19 Threat Highlights Deficit Dangers
Congress
Blue Dogs Support Stimulus Package While Stressing COVID-19 Threat Highlights Deficit Dangers
2020-03-11 18:05:14
by Dan McCue

WASHINGTON - The Blue Dog Coalition of House Democrats are throwing their support behind a potential economic stimulus package aimed at helping Americans deal with the coronavirus outbreak. But in doing so, the coalition of fiscally-responsible Democrats said the crisis... Read More

Economy
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, the likelihood of success may ultimately come down to one factor: the American consumer. What’s largely behind the mounting recession... Read More

Powell Says Federal Reserve Will Take Steps to Protect Economy During Virus Crisis
Economy
Powell Says Federal Reserve Will Take Steps to Protect Economy During Virus Crisis
2020-02-28 21:12:55
by Dan McCue

Fed Chairman Jerome Powell vowed Friday that the central bank will use its entire toolbox to support the economy in the face of worldwide fears over the coronavirus outbreak. "The fundamentals of the U.S. economy remain strong," Powell said. "However,... Read More

Economists See Growing Recession Risk as Coronavirus Spreads
Economy
Economists See Growing Recession Risk as Coronavirus Spreads

WASHINGTON — As the coronavirus outbreak enters a potentially dangerous new phase, with cases widening in Europe and expected to spread in the United States, economists have begun to raise their estimates for the risk of a global recession and... Read More

Trump Facing Growing Coronavirus Crisis Amid Market Jitters and Administration Chaos
Political News
Trump Facing Growing Coronavirus Crisis Amid Market Jitters and Administration Chaos

President Donald Trump vowed to take on coronavirus Wednesday even as a plunging stock market and chaos within his own administration laid bare a potential major global crisis that could threaten his reelection battle. Returning from a trip to India,... Read More

Industry Analysis Finds Trump’s War Restricts Solar Energy Job Growth
Employment
Industry Analysis Finds Trump’s War Restricts Solar Energy Job Growth
2020-02-19 19:21:02
by Dan McCue

President Donald Trump's tariff war with China significantly restricted the growth of the nation's solar energy workforce last year, an industry analysis shows. According to a report released Wednesday by The Solar Energy Foundation, a nonprofit, nonpartisan organization dedicated to... Read More

Fed Chair Tells House Panel Coronavirus Risk to US Economy Still Unknown
Federal Reserve
Fed Chair Tells House Panel Coronavirus Risk to US Economy Still Unknown
2020-02-12 14:18:45
by Dan McCue

WASHINGTON - Federal Reserve Chairman Jerome Powell told a House panel on Tuesday that while the U.S. economy continues to show steady growth, the broadening coronavirus outbreak “could lead to disruptions in China that spill over to the rest of... Read More

Decline in New Jobs Hints at Weakness in Otherwise Healthy Market
Employment
Decline in New Jobs Hints at Weakness in Otherwise Healthy Market
2020-02-11 21:55:04
by Dan McCue

WASHINGTON — Businesses across the U.S. cut back in the number of new job openings they advertised in December, the Labor Department reported Tuesday. The pullback, following a similar decline in November is seen by some economists as a sign... Read More

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