Economy

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

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

WASHINGTON - President Donald Trump signed the new North American trade deal into law on Wednesday, declaring an end to "the NAFTA nightmare" and the beginning of a "glorious future." During an outdoor signing ceremony at the White House, Trump... Read More

As the longest economic expansion in American history continued last year, state governments increased salaries for teachers and other public employees, authorized new construction projects and — recognizing good times won’t last forever — added to reserve funds. Cash reserves... Read More

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

WASHINGTON - Paul Volcker, the Federal Reserve chairman who in the early 1980s pushed interest rates to historic highs to rein in runaway double-digit inflation and set the economy on a course to renewed growth, died on Monday. He was... Read More

The nation’s top economists say a recession within the next year isn’t probable, but that doesn’t mean the U.S. economy will be worth bragging about. Experts polled for Bankrate’s Fourth-Quarter Economic Indicator survey estimate a 35 percent chance that the... 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

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

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

WASHINGTON - The House voted on Friday to renew the charter of the Export-Import Bank, the U.S. agency that provides loans and other help to foreign buyers of U.S. exports, despite opposition from Republican lawmakers. Despite the bank having historically... Read More

Business leaders in California appealed to Congress Friday to expand financial assistance to immigrants trying to start their own businesses. They said small government investments can create big payoffs when immigrants start successful businesses that pay taxes and employ other... Read More

WASHINGTON - The World Trade Organization said Friday that China can place new trade sanctions on $3.5 billion of U.S. goods in retaliation for U.S. restrictions on Chinese furniture, steel products and solar panels. The award by an arbitration panel... Read More

WASHINGTON - Private equity sector is playing a positive role in the U.S. economy, supporting more than 26 million jobs while accounting for about 5% of the nation's gross domestic product, according to a new report. The analysis comes from... Read More

WASHINGTON — When President Trump slapped 25% tariffs on foreign steel in March 2018, panicky U.S. buyers rushed to place new orders ahead of feared supply interruptions, driving prices up sharply. It was an instant bonanza for domestic steel producers.... Read More

WASHINGTON - The federal deficit for fiscal year 2019 was $984 billion, $205 billion more than in the prior fiscal year, Treasury Secretary Steven Mnuchin announced Friday afternoon. The final accounting from the Treasury Department of the Office of Management... Read More