Economy

Children’s Climate Change Lawsuit Considered by Appeals Court for Constitutionality
Litigation
Children’s Climate Change Lawsuit Considered by Appeals Court for Constitutionality
2019-06-07 21:35:36
by Tom Ramstack

A federal appeals court in Portland, Oregon heard arguments this week in a lawsuit that accuses the Trump administration of endangering the future of children by its environmental policies that do little to avoid climate change. The lawsuit was filed... Read More

Committee Chairs Seek Answers On Delayed Notice of Defects on Boeing 737 MAX
Transportation
Committee Chairs Seek Answers On Delayed Notice of Defects on Boeing 737 MAX
2019-06-07 21:32:15
by Dan McCue

WASHINGTON - Representatives Peter DeFazio, D-Ore., chairman of the House Committee on Transportation and Infrastructure, and Rick Larsen, D-Wash., chairman of that body's Aviation Subcommittee, want to know when Boeing and others first learned of a serious defect in the... Read More

Plummeting New Job Numbers in May
Economy
Plummeting New Job Numbers in May
2019-06-07 21:19:52
by Dan McCue

WASHINGTON - Employers added just 75,000 new jobs in May, the Labor Department said Friday, a stunning development that took many economists by surprise. In a recent survey by Dow Jones, the consensus among economists was that the job gain... Read More

Median Home Prices Continue to Surge in DC Suburbs in Wake of Amazon HQ2 News
Economy
Median Home Prices Continue to Surge in DC Suburbs in Wake of Amazon HQ2 News
2019-06-07 21:12:28
by HJ Mai

Rising home prices in some of the country's largest urban centers have put the America Dream of owning a home out of reach for many middle- to low-income families. While the nation’s capital and its surrounding suburbs are regularly ranked... Read More

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

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

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

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

Cannabis Banking Bill May Falter Again Despite State Support
Economy
Cannabis Banking Bill May Falter Again Despite State Support

WASHINGTON — Many state leaders are hoping the fourth time’s the charm for a federal bill that would protect banks from being penalized for serving licensed cannabis businesses. Many banks are reluctant to work with marijuana businesses or people in... Read More

Automakers Say Trump’s Plan to Weaken Emission Standards Risks Crippling Industry
Economy
Automakers Say Trump’s Plan to Weaken Emission Standards Risks Crippling Industry

WASHINGTON — Some of the world’s largest car manufacturers have delivered a unified message to President Donald Trump: Go back to the negotiating table on vehicle emission standards or risk crippling their industry. Seventeen major automakers, including General Motors, Ford,... Read More

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

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

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

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

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

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

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

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

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