Economy

Wall Street May Get $40 billion Reprieve From Trump Regulators Business
Wall Street May Get $40 billion Reprieve From Trump Regulators

WASHINGTON — Wall Street could soon get one of its most consequential wins of the Trump era as regulators are considering ripping up a rule that’s forced banks to set aside billions of dollars for swaps trades, according to people... Read More

Saudi Attacks Reveal Oil Supply Fragility in Asymmetric War Geopolitics
Saudi Attacks Reveal Oil Supply Fragility in Asymmetric War

DUBAI, United Arab Emirates — The latest and most destructive attacks on Saudi oil facilities provide stark evidence of the vulnerability of global crude supply in an age of disruptive technologies that can bring a century-old industry to its knees... Read More

46,000 UAW Workers Strike At GM Plants Nationwide Business
46,000 UAW Workers Strike At GM Plants Nationwide

DETROIT — Members of the United Auto Workers went on strike at General Motors Co. plants nationwide at midnight Sunday night, sending 46,000 workers to picket lines in the union’s first walkout since the automaker emerged from taxpayer-funded bankruptcy a... Read More

White House Repeals Obama-Era Clean Water Rule Environment
White House Repeals Obama-Era Clean Water Rule
2019-09-13 19:51:40
by Dan McCue

WASHINGTON — The Trump administration announced Thursday that it is repealing an  Obama-era clean water rule that had placed limits on polluting chemicals that could be used near streams, wetlands and other bodies of water. According to the Environmental Protection... Read More

House Panel Told Broadband Policies Should Not Worsen Urban/Rural Divide Technology
House Panel Told Broadband Policies Should Not Worsen Urban/Rural Divide
2019-09-11 23:48:11
by Dan McCue

WASHINGTON - A far-reaching broadband connectivity should not be dictated by the location of a home or business, but rather should foster economic growth and sustainable communities by being equally accessible by all. That was the overarching message delivered to... Read More

House Votes to Ban Offshore Drilling, Throwing Down Gauntlet for Trump, GOP Environment
House Votes to Ban Offshore Drilling, Throwing Down Gauntlet for Trump, GOP
2019-09-11 23:43:20
by Dan McCue

WASHINGTON - Rep. Francis Rooney, R-Fla., couldn't be happier that the House Wednesday passed a pair of bills blocking offshore oil drilling in almost all waters around the United States. But in an interview with The Well News, he acknowledged... Read More

Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal Trade
Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal
2019-09-06 21:13:11
by Dan McCue

WASHINGTON - As Congress adjourned for its August recess, the U.S.-Mexico-Canada trade deal, known as the USMCA, seemed to be the last thing on anyone's mind. At the time, an impending fiscal crisis had just been averted, and lawmakers, media... Read More

House to Vote on Banning Offshore Drilling in Almost All US Waters Environment
House to Vote on Banning Offshore Drilling in Almost All US Waters
2019-09-06 21:08:34
by Dan McCue

WASHINGTON - The House will vote next week on a trio of bills that would effectively block all new offshore oil and gas drilling in the waters around the United States. In a letter to House members, Democratic House Leader... Read More

Poll: Trump Increasingly Blamed By Voters for Declining Economy Opinion Polls
Poll: Trump Increasingly Blamed By Voters for Declining Economy

WASHINGTON — For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37% saying the economy is declining, compared with 31% who continue to... Read More

Recession Fears Are Valid, But Predicting Timing Nearly Impossible, Economist Says Economy
Recession Fears Are Valid, But Predicting Timing Nearly Impossible, Economist Says
2019-08-23 19:01:20
by HJ Mai

There are plenty of warning signs that the longest economic expansion in the history of the United States is coming to an end. While the signs indicate an impending recession, predicting the time of it is nearly impossible, Hoyt Bleakley,... Read More

China Hits US With New Tariffs on $75 Billion Worth of Products Economy
China Hits US With New Tariffs on $75 Billion Worth of Products
2019-08-23 17:16:20
by Dan McCue

WASHINGTON — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's latest planned increase, deepening the trade conflict between the two nations at a time when the president insists "China wants... Read More

The Latest Casualty Of Trump’s Trade War With China? California Wine Trade
The Latest Casualty Of Trump’s Trade War With China? California Wine

HEALDSBURG, Calif. — Hank Wetzel’s vineyards stretch to the horizon, a swath of green straddling Sonoma County’s Russian River, farmed by generations of Wetzels for half a century. It is a long way from Shanghai. Nonetheless, seated outside his tasting... Read More

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