Economy

US Industrial Production Rose a Sluggish 0.1 Percent in February Economy
US Industrial Production Rose a Sluggish 0.1 Percent in February
2019-03-15 22:39:51
by Dan McCue

U.S Industrial production rose just 0.1 percent in February, slowed by the second straight monthly decline in manufacturing activity, the Federal Reserve said Friday. The central bank said manufacturing production dropped 0.4 percent last month, held down by declines in... Read More

Consumer Prices Rose Slightly In February, But Inflation Remains Tame Economy
Consumer Prices Rose Slightly In February, But Inflation Remains Tame
2019-03-12 15:17:06
by Dan McCue

Consumer prices rose a slight 0.2 percent in February, the first increase in four months, but inflation remains tame, the Labor Department said Tuesday. The latest consumer price index, which measures what Americans pay for a wide range of products,... Read More

Kudlow Brushes Off Calls for Economic Slowdown, Says 3% Growth Can Continue Economy
Kudlow Brushes Off Calls for Economic Slowdown, Says 3% Growth Can Continue

WASHINGTON ––President Donald Trump’s chief economic adviser said Sunday that U.S. economic growth can continue at 3 percent in 2019 and beyond, even as many private economists look for a slowdown this year as the effects of the 2017 Republican... Read More

US Employers Slam Brakes On Hiring, Add Just 20,000 Jobs in February Economy
US Employers Slam Brakes On Hiring, Add Just 20,000 Jobs in February
2019-03-08 20:58:38
by Dan McCue

US employers added just 20,000 jobs in February, a sharp pullback after a quarter of solid gains averaging 186,000 new jobs a month, the Labor Department reported Friday. The scarcity of new jobs added to the economy is the smallest... Read More

US Household Net Worth Plunged a Record $3.8 Trillion During Fourth-Quarter Stock Tumult Economy
US Household Net Worth Plunged a Record $3.8 Trillion During Fourth-Quarter Stock Tumult
2019-03-07 22:17:02
by Dan McCue

The net worth of America's households fell by a record $3.8 trillion at the end of 2018, pulled down by sharp declines on Wall Street that briefly pushed the market into bear territory, the Federal Reserve said Thursday. The bracing... Read More

US Consumer Spending in December Threatens Continued Slowing of Economy Economy
US Consumer Spending in December Threatens Continued Slowing of Economy
2019-03-02 00:55:55
by Dan McCue

U.S. consumer spending tumbled 0.5 percent in December, the Commerce Department reported Friday. The slide, the biggest decline in nine years, is yet more evidence that the 2018 holiday shopping season was a disappointment for retailers and sellers of bigger... Read More

Gates Says Taxing Capital Gains Is the Best Way to Tap Big Fortunes Budget
Gates Says Taxing Capital Gains Is the Best Way to Tap Big Fortunes

WASHINGTON –– Bill Gates is concerned about the high budget deficits being run by the U.S., and said if taxes are ultimately increased to make up the shortfall, then it’s appropriate for wealthy people to pay much higher taxes. Read More

Will ‘Basic Income’ Become the California Norm? Economy
Will ‘Basic Income’ Become the California Norm?

SACRAMENTO, Calif. — After months of planning, Stockton, Calif., is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, the first led by a U.S. ... Read More

Marijuana Businesses Ask Congress To Grant Them Banking Services Economy
Marijuana Businesses Ask Congress To Grant Them Banking Services
2019-02-16 01:19:34
by Tom Ramstack

The lack of legal banking services for marijuana-related businesses is creating unnecessary economic barriers and encouraging crime, the owner of a Washington, D.C. marijuana business told Congress this week. A House Financial Services subcommittee called the hearing to determine whether... Read More

Peters, Davis Take Bipartisan Action to Address Rising Student Loan Debt Among America’s Workers Education
Peters, Davis Take Bipartisan Action to Address Rising Student Loan Debt Among America’s Workers
2019-02-08 20:57:03
by TWN Staff

This week, Congressmen Scott Peters (D-CA) and Rodney Davis (R-IL) led a bipartisan group of 99 Members of Congress to reintroduce H.R. 1043, the Employer Participation in Repayment Act, which would incentivize employers to offer student loan assistance to help... Read More

Wyden, Blunt Move to Support America’s Craft Beverage Industry Economy
Wyden, Blunt Move to Support America’s Craft Beverage Industry
2019-02-08 20:53:18
by TWN Staff

This week, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Roy Blunt, R-Mo., introduced legislation to help ensure the continued growth of America’s craft beverage industry. The Craft Beverage Modernization and Tax Reform Act would permanently establish reduced... Read More

Democrats Go Bold on Economic Plans, A Deliberate Contrast to 2016 Featured
Democrats Go Bold on Economic Plans, A Deliberate Contrast to 2016

WASHINGTON — Asked what her very first act as president would be, Sen. Kamala Harris had a quick answer at a recent televised town hall: enact a tax cut that would boost incomes for working families by as much as $6,000 a ... Read More

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