Economy

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Social Security Costs to Exceed Income in 2020, Trustees Say
Entitlements
Social Security Costs to Exceed Income in 2020, Trustees Say
2019-04-22 23:10:42
by Dan McCue

Both Social Security and Medicare are on unstable financial footing, and lawmakers need to act sooner rather than later to shore up America’s bedrock retirement programs and phase in needed changes, the trustees of both programs said in reports released... Read More

Cain Withdraws from Consideration for Seat on Federal Reserve
Federal Reserve
Cain Withdraws from Consideration for Seat on Federal Reserve
2019-04-22 20:31:26
by Dan McCue

Former Godfather’s Pizza CEO Herman Cain has withdrawn from consideration for a seaton the Federal Reserve board amid focus on past allegations of sexual harassment and infidelity. Cain ran for president as an insurgent populist eyeing the 2012 Republican presidential... Read More

Are Anti-Tax Republicans Softening on the Idea of a Gas Tax Increase?
Economy
Are Anti-Tax Republicans Softening on the Idea of a Gas Tax Increase?

WASHINGTON — Higher state gasoline taxes have won approval in seven Republican-run states since President Donald Trump took office, an unusual step for a party adamantly opposed to more taxes and a sign that raising the federal gasoline tax may... Read More

Home Construction Slips Again in March, Putting Pinch on Sales Inventory
Economy
Home Construction Slips Again in March, Putting Pinch on Sales Inventory
2019-04-19 19:59:54
by Dan McCue

Home construction declined 0.3 percent in March to a seasonally adjusted annual rate of 1.14 million units, the Commerce Department said Friday. Within this overall number, single-family starts fell 0.4 percent to 785,000 units. The multifamily sector, which includes apartment... Read More

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