Economy

House Votes to Renew Export-Import Bank Charter Over GOP Opposition Trade
House Votes to Renew Export-Import Bank Charter Over GOP Opposition
2019-11-18 18:57:05
by Dan McCue

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

Congress Considers Proposals to Help Immigrants Start Small Businesses Business
Congress Considers Proposals to Help Immigrants Start Small Businesses
2019-11-11 17:03:42
by Tom Ramstack

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

WTO Says China Can Impose Sanctions On $3.5B Worth Of US Goods Trade
WTO Says China Can Impose Sanctions On $3.5B Worth Of US Goods
2019-11-01 20:38:40
by Dan McCue

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

New Report Shows Private Equity's Positive Impact on U.S. Economy Economy
New Report Shows Private Equity's Positive Impact on U.S. Economy
2019-11-01 17:40:51
by Dan McCue

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

Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse Economy
Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse

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

Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012 Federal Budget
Federal Deficit Just Shy of $1 Trillion for 2019, Highest Since 2012
2019-10-25 20:00:10
by Dan McCue

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

Trump Move Could Spark Another Exodus of US Jobs Researchers In The News
Trump Move Could Spark Another Exodus of US Jobs Researchers

WASHINGTON — Donald Trump has called its work “phony.” His Acting Chief of Staff Mick Mulvaney warned that President Barack Obama was “manipulating” its numbers. Economic adviser Larry Kudlow termed one of its reports “very fluky.” Is it a House... Read More

Governors Hold Summit on Regional Approach to Cannabis and Vaping Legislation State News
Governors Hold Summit on Regional Approach to Cannabis and Vaping Legislation
2019-10-18 21:07:24
by Dan McCue

The governors of five northeastern states came together for a summit on Thursday to discuss the outlines of a joint regional approach to cannabis and vaping policies. "This issue is complicated, controversial and consequential. It is probably one of the... Read More

Cannabis Banking Challenges Go Beyond Marijuana Business
Cannabis Banking Challenges Go Beyond Marijuana

FRANKLIN, Tenn. — Kat Merryfield was ready to share her farm-to-home oils, chocolates and creams with the rest of the country. But banks and credit card processors weren’t ready to work with her small business. “We started out our website... Read More

Focus on Core Issues Bolsters Democrats Odds of Holding House Majority, Analysis Finds 2020 Elections
Focus on Core Issues Bolsters Democrats Odds of Holding House Majority, Analysis Finds
2019-10-15 21:16:26
by Dan McCue

WASHINGTON - If Democrats want to hold their majority in House in 2020 they'll focus on core issues important to their constituents like protecting healthcare coverage, fighting corruption, and expanding economic opportunity, according to a new analysis by Third Way,... Read More

IMF Downgrades Outlook for World Economy, Citing Ongoing Trade Wars Economy
IMF Downgrades Outlook for World Economy, Citing Ongoing Trade Wars
2019-10-15 19:52:40
by Dan McCue

WASHINGTON — The International Monetary Fund on Tuesday downgraded its outlook for the world economy, predicting that growth in the developed world this year, stymied by trade conflicts, will be the weakest since the 2008 financial crisis. During a press... Read More

Historic Rains Ravaged Illinois Farms. Now The race Is On to Harvest Before It’s Too Late. Agriculture
Historic Rains Ravaged Illinois Farms. Now The race Is On to Harvest Before It’s Too Late.

Mark Tuttle cuts straight to the point when describing the field and weather conditions he has faced this year on his farm in southern DeKalb County. “In one word, I’d say: ‘miserable,’ ” said Tuttle, who grows corn, soybeans and... Read More

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