Economy

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

Congress Considers Reviving Tax Breaks Prized by ADM, Tesla, GM
In The News
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 breaks in last-minute negotiations over a government spending bill. The talks, which were held on Saturday, are focused on reinstating... Read More

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

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

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

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

Ex-Fed Chair Paul Volcker, Tamer of Double-Digit Inflation, Dies
In The News
Ex-Fed Chair Paul Volcker, Tamer of Double-Digit Inflation, Dies
2019-12-09 22:23:59
by Dan McCue

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

Survey: Recession Odds Diminishing for U.S. Economy, But Watch for a Slowdown
Economy
Survey: Recession Odds Diminishing for U.S. Economy, But Watch for a Slowdown

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

US Mulls Duties on $2.4 Billion in French Goods Over Tech Tax
Foreign Affairs
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 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
In The News
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 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
Agriculture
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 Congress to send some $20 billion in aid to farmers, mostly going to a bundle of states that are essential... Read More

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