Economy

Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
Federal Budget
Budget Deficit Poised to Break $1 Trillion Despite Strong Economy
2020-01-28 21:07:47
by Dan McCue

WASHINGTON - The federal budget deficit will likely top $1 trillion this year, despite the continued strength of the U.S. economy, the nonpartisan Congressional Budget Office said Tuesday. The report follows an increase in new spending last year and the... Read More

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

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

IMF Sees Global Economy Stabilizing But Sluggish in Wake of US/China Trade War
Economy
IMF Sees Global Economy Stabilizing But Sluggish in Wake of US/China Trade War
2020-01-21 16:21:49
by Dan McCue

WASHINGTON - The International Monetary Fund has trimmed its forecast for global economic growth this year, saying that while some positive things have happened in recent weeks, including the completion of Phase I of a U.S.-China trade deal, the prospects... Read More

Trump Assails Climate 'Alarmists' in Davos, Touts US Economy as ' Roaring Geyser of Opportunity’
World Economic Forum
Trump Assails Climate 'Alarmists' in Davos, Touts US Economy as ' Roaring Geyser of Opportunity’
2020-01-21 16:11:35
by Dan McCue

President Donald Trump used his speech on the opening day of the World Economic Forum in Davos, Switzerland to ignore the "perennial prophets of doom" and to claim the U.S. economy has come "thundering back" under his watch. "This is... Read More

Impeachment Rules Encroach on Free Press
Media
Impeachment Rules Encroach on Free Press
2020-01-17 18:40:27
by Dan McCue

WASHINGTON - It has been a tough, some would say strange, few weeks for the press in Washington, D.C. Symbolically, it began with the shuttering of the Newseum, a museum dedicated to journalism and freedom of speech, which closed December... Read More

Senate Approves Revised USMCA Trade Deal by Huge Margin
Trade
Senate Approves Revised USMCA Trade Deal by Huge Margin
2020-01-17 17:02:20
by Dan McCue

WASHINGTON — The Senate handed President Donald Trump a policy victory on Thursday, backing USMCA, the new North American trade deal, the same day the chamber turned its attention to the president's impeachment trial. Once it's signed by Trump, USMCA... Read More

USMCA Bill Tough Vote for Democrats Over Lack of Environmental Protections
Trade
USMCA Bill Tough Vote for Democrats Over Lack of Environmental Protections

WASHINGTON — Sen. Jeff Merkley faced a difficult vote Tuesday as he joined colleagues on the Senate Environment and Public Works Committee to advance the bill that would implement President Donald Trump’s new trade deal. The Oregon Democrat said the... Read More

Debt in Developing Economies Growing at Fastest Pace in 50 Years
Foreign Affairs
Debt in Developing Economies Growing at Fastest Pace in 50 Years
2020-01-08 21:27:15
by Dan McCue

WASHINGTON - Debt in emerging and developing countries climbed to a record $55 trillion in 2018, the result of an eight-year surge that has been the largest and fastest in nearly 50 years, a study by the World Bank says.... Read More

USMCA Seen as Model for Easing Partisan War Over Trade
In The News
USMCA Seen as Model for Easing Partisan War Over Trade

WASHINGTON — President Donald Trump’s top trade negotiator and senior Democrats have declared that with House passage of a rewrite of Nafta, they’ve found a formula for Republicans and Democrats to forge trade deals despite Washington’s deep partisan divide. The... Read More

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

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

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

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
Trade
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 talks, said U.S. Trade Representative Robert Lighthizer, contradicting a suggestion by President Donald Trump that negotiations would start right away.... Read More

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