Economy

2019-06-07 21:07:10
by Dan McCue
NASA Opens International Space Station to Space Tourists, New Commercial Ventures

WASHINGTON - NASA announced Friday it plans to open the International Space Station to businesses and even tourists in a... Read More

WASHINGTON - NASA announced Friday it plans to open the International Space Station to businesses and even tourists in a bid to "accelerate a thriving commercial economy in low-Earth orbit." The space agency is not selling trips to the space... Read More

2019-06-07 21:03:48
by Dan McCue
US Trade Deficit With China Grew in April Despite Narrowing Elsewhere

The United States' trade deficit with China widened in April, despite Trump administration tariffs on thousands of Chinese goods, and... Read More

The United States' trade deficit with China widened in April, despite Trump administration tariffs on thousands of Chinese goods, and even as the gap between the U.S. and other countries narrowed. Since taking office in 2017, President Donald Trump has... Read More

2019-06-07 00:19:16
by Dan McCue
Christine Lagarde Warns ... 'Nobody Wins a Trade War and Everybody Suffers'

WASHINGTON - Despite uncertainties on several fronts, including a nasty trade dispute with China, escalating tariff threats, and The federal... Read More

WASHINGTON - Despite uncertainties on several fronts, including a nasty trade dispute with China, escalating tariff threats, and The federal government’s penchant for taking on enormous debt and all the risks that come with it, the U.S. economy should remain... Read More

2019-06-06 00:01:15
by Dan McCue
World Bank Downgrades Forecast for Global Economy

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness... Read More

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness to trade disputes, a slowdown in international investment and unexpectedly soft growth in Europe and other large economies. As a... Read More

2019-06-04 20:05:30
by Dan McCue
Fed Chairman Hints That Rate Cuts May Be Needed Due to Trade Disputes

Federal Reserve Chairman Jerome Powell hinted on Tuesday that the central bank is prepared to cut interest rates later this... Read More

Federal Reserve Chairman Jerome Powell hinted on Tuesday that the central bank is prepared to cut interest rates later this year if it decides President Donald Trump's many trade conflicts are harming the U.S. economy. "We are closely monitoring the... Read More

2019-06-04 20:02:07
by Dan McCue
Trump Administration Halts Cruises to Cuba Under New Rules

The Trump administration put an end to the most popular way to travel from the United States to Cuba, Tuesday... Read More

The Trump administration put an end to the most popular way to travel from the United States to Cuba, Tuesday banning cruise ships from calling on ports in the communist nation. The ban goes into effect Wednesday, when the change... Read More

2019-05-31 19:25:41
by Dan McCue
Poll Finds Americans Say Health Care Costs Their Most Pressing Financial Problem

Americans are more likely to name healthcare costs than any other issue when asked to say what is the most... Read More

Americans are more likely to name healthcare costs than any other issue when asked to say what is the most important financial problem facing their family, a recent Gallup poll found. In a survey conducted April 17-30, 17 percent of... Read More

2019-05-30 20:16:47
by Dan McCue
US Economy Grew at a Strong 3.1% Rate During the First Quarter

The U.S. economy grew at a strong 3.1% rate in the first three months of the year, the Commerce Department... Read More

The U.S. economy grew at a strong 3.1% rate in the first three months of the year, the Commerce Department said Thursday, though much of the gain was due to temporary factors that have likely faded over time. The nation's... Read More

2019-05-28 21:35:06
by Tom Ramstack
State Attorneys General Boost U.S. House Payday Lender Bill

WASHINGTON - Twenty-five state attorneys general are giving a boost to a bill introduced in Congress this month that seeks... Read More

WASHINGTON - Twenty-five state attorneys general are giving a boost to a bill introduced in Congress this month that seeks to rein in excessive interest rates on payday loans. The attorneys general filed a comment letter with the Consumer Financial... Read More

2019-05-28 21:22:44
by Dan McCue
Another Conservative Republican Blocks Disaster Aid Bill in the House

For the second time in five days, a conservative Republican member of the House has blocked a long overdue $19... Read More

For the second time in five days, a conservative Republican member of the House has blocked a long overdue $19 billion disaster bill. Representative Thomas Massie, R-Ky., said that if Speaker Nancy Pelosi and other Democratic leaders had thought the... Read More

2019-05-24 01:45:16
by Dan McCue
NASA Test Flights in Reno Aim to Set Stage for Future Drone Package Deliveries

NASA launched the final stage of its four-year program to create a national traffic management system for drones this week,... Read More

NASA launched the final stage of its four-year program to create a national traffic management system for drones this week, a move that brings home delivery of packages, medical supplies and even pizza by small unmanned aircraft one step closer... Read More

2019-05-24 01:36:22
by Dan McCue
As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy

Beer produced in America contributes $328 billion to the national economy annually, while helping to employ 2.1 million in industries... Read More

Beer produced in America contributes $328 billion to the national economy annually, while helping to employ 2.1 million in industries ranging from farming to construction, according to a new study from the Beer Institute and the National Beer Wholesalers Association.... Read More

2019-05-23 16:40:32
by Dan McCue
New Democrat Coalition Releases Technology Task Force Goals for the 116th Congress

The New Democrat Coalition Technology Task Force announced its goals for the 116th Congress, saying it will place an emphasis... Read More

The New Democrat Coalition Technology Task Force announced its goals for the 116th Congress, saying it will place an emphasis on fostering innovation while improving the nation's technological infrastructure and updating privacy protections. “Technology is changing the world and enhancing... Read More

2019-05-21 21:33:02
by Dan McCue
Blue Dogs Call for Bipartisan Infrastructure Bill to Expand Broadband Internet Access

Representatives Joe Cunningham, D-S.C., and Mikie Sherrill, D-N.J., co-chairs of the Blue Dog Task Force on Infrastructure and Job Creation,... Read More

Representatives Joe Cunningham, D-S.C., and Mikie Sherrill, D-N.J., co-chairs of the Blue Dog Task Force on Infrastructure and Job Creation, joined with Representatives Abigail Spanberger, D-Va., and Xochitl Torres Small, D-N.M., their counterparts on the Blue Dog Task Force on... Read More

2019-05-17 21:25:38
by Dan McCue
White House to Lift Steel, Aluminum Tariffs on Canada, Mexico

President Donald Trump revealed Friday that his administration has reached an agreement with Canada and Mexico to lift tariffs on... Read More

President Donald Trump revealed Friday that his administration has reached an agreement with Canada and Mexico to lift tariffs on steel and aluminum, ending a standoff that threatened to derail ratification of the president's new North American trade agreement. Speaking... Read More

2019-05-16 21:44:37
by Dan McCue
Renewable Energy Surpasses Coal As Source of US Energy, Researchers Say

For the first time in history, renewable energy surpassed coal earlier this month as a source of electricity generation in... Read More

For the first time in history, renewable energy surpassed coal earlier this month as a source of electricity generation in the United States, the Brookings Institution reported Wednesday. The paper underlying the report attributes this remarkable development to U.S. municipalities... Read More

2019-05-15 20:44:21
by Dan McCue
Blue Dogs to Play Key Role on House Rural Broadband Task Force

House Majority Whip James Clyburn, D-S.C., has launched a new House Task Force on Rural Broadband to provide coordination and... Read More

House Majority Whip James Clyburn, D-S.C., has launched a new House Task Force on Rural Broadband to provide coordination and leadership to end the rural-digital divide. The Task Force will work to advance solutions to ensure all Americans have access... Read More

2019-05-13 21:59:46
by Dan McCue
China to Raise Tariffs on $60 Billion in US Goods Starting June 1

The U.S.-China trade war escalated Monday with Beijing signaling it plans to raise tariffs on about $60 billion in U.S.... Read More

The U.S.-China trade war escalated Monday with Beijing signaling it plans to raise tariffs on about $60 billion in U.S. goods on the heels of the United States slapping new tariffs on $200 billion in Chinese goods last week. Some... Read More

2019-05-10 20:28:57
by Dan McCue
US-China Trade Talks Break Up With No Deal In Sight

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals... Read More

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals from the White House in regard to where things stand. In a pair of tweets sent shortly before the markets... Read More

2019-05-07 23:03:07
by Dan McCue
NewDEAL Members Join Colorado Leaders to Launch National Climate Initiative

More than 40 of the nation's most innovative state and local officials gathered in Denver Monday to launch a national... Read More

More than 40 of the nation's most innovative state and local officials gathered in Denver Monday to launch a national climate change initiative aimed at driving the policy agenda to address climate change. The NewDEAL Forum Climate Change Policy Group... Read More

2019-05-07 21:19:33
by Dan McCue
In South Carolina, Governments, Employers and Schools Forge Strategy to Deal with Traffic Issues

After years of economic development success, traffic congestion has become a critical challenge for the three-county region comprising the Charleston,... Read More

After years of economic development success, traffic congestion has become a critical challenge for the three-county region comprising the Charleston, South Carolina metropolitan area. Every morning, hundreds of thousands of commuters head off to work on local roads ill-suited to... Read More

2019-05-07 13:22:21
by Dan McCue
Oregon Denies Permit to Controversial Natural Gas Project

The Oregon Department of Environmental Quality denied a key permit Monday to a controversial liquefied natural gas export terminal and... Read More

The Oregon Department of Environmental Quality denied a key permit Monday to a controversial liquefied natural gas export terminal and its feeder pipeline, a move that cheered project opponents who argued the Trump administration is moving too fast when it... Read More

2019-05-06 18:49:52
by Dan McCue
World Markets Shaken By Renewed Trump Tariff Threats for China

Securities markets around the world swooned Monday after President Donald Trump threatened to dramatically increase tariffs on Chinese imports at... Read More

Securities markets around the world swooned Monday after President Donald Trump threatened to dramatically increase tariffs on Chinese imports at a time when many believed the 10-month old trade war between the U.S. and China was coming to an end.... Read More

2019-05-03 14:45:21
by Dan McCue
US Adds Robust 263,000 Jobs; Unemployment Hits 49-Year Low

U.S. employers added a robust 263,000 jobs in April, helping to push the unemployment rate to a five-decade low of... Read More

U.S. employers added a robust 263,000 jobs in April, helping to push the unemployment rate to a five-decade low of 3.6 percent, the Labor Department said Friday. The latest report from the government suggests that continued economic growth is encouraging... Read More

2019-05-01 02:50:30
by Dan McCue
Blue Dogs Seek to Keep Momentum Going After Positive Start to Infrastructure Talks

Representatives Joe Cunningham, D-S.C., and Mikie Sherrill, D-N.J., responded to word of a positive meeting between the White House and... Read More

Representatives Joe Cunningham, D-S.C., and Mikie Sherrill, D-N.J., responded to word of a positive meeting between the White House and congressional leaders by saying it’s time to put politics aside in the name of creating good-paying jobs to rebuild America’s... Read More

2019-04-29 18:20:18
by Tom Ramstack
Ford Investigated Over Concerns About Improper Emissions Tests

Ford Motor Co. is being investigated by the Justice Department over its emissions certification process, the company said in a... Read More

Ford Motor Co. is being investigated by the Justice Department over its emissions certification process, the company said in a government securities filing Friday. Ford said in the quarterly report that the criminal investigation focuses on its “road load estimations,”... Read More

2019-04-26 20:26:35
by Dan McCue
US Economy Grew at Strong 3.2 Percent Rate in First Quarter

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the... Read More

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the Commerce Department reported Friday. The numbers for the nation's gross domestic product were far better than expected and show an... Read More

2019-04-25 21:23:09
by Dan McCue
Cunningham Warns Fight ‘Far From Over’ As White House Delays Offshore Drilling Plan

The Trump administration has indefinitely delayed its controversial plan to expand oil and gas exploration off the Atlantic Coast citing... Read More

The Trump administration has indefinitely delayed its controversial plan to expand oil and gas exploration off the Atlantic Coast citing the need to await the outcome of litigation that currently blocks similar drilling in the Arctic. In March, U.S. District... Read More

2019-04-25 18:14:57
by Dan McCue
Unemployment Claims Post Largest Increase in Nearly Two Years

The number of Americans filing applications for unemployment benefits saw their largest increase in 19 months last week, the Labor... Read More

The number of Americans filing applications for unemployment benefits saw their largest increase in 19 months last week, the Labor Department reported Thursday. Initial claims for state unemployment benefits jumped 37,000 to a seasonally adjusted 230,000 for the week ended... Read More

2019-04-23 21:14:17
by Tom Ramstack
US Court Allows Patent for Marijuana Formulation

A federal court ruling last week set a precedent for property rights to cannabis products in the quickly growing marijuana... Read More

A federal court ruling last week set a precedent for property rights to cannabis products in the quickly growing marijuana industry. U.S. District Judge William Martinez, an Obama appointee who presides in Colorado, ruled that cannabinoid formulations can be considered... Read More

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