Breaking News: Politics
Fed May Not Have Enough Firepower To Prevent A Recession
AMERICA - Published date: .
President Trump has been pressing the Fed to help head off a feared economic slowdown, but it's not clear the central ba... Read more
Trump, Navarro Are The Only Officials In The White House Blaming The Fed For Volatility, Sources Say
AMERICA - Published date: .
The president has criticized his central bank chief sharply, but stepped it up in recent days when he labeled the Fed le... Read more
New York, Philadelphia Business Indexes Show Solid Gains Despite Recession Fears
AMERICA - Published date: .
The Empire State manufacturing survey posted a 4.8 reading, while the Philadelphia business survey came in at 16.8, both... Read more
Trade Deficit Remains Stubbornly High Amid Escalating Global Tensions
AMERICA - Published date: .
The U.S. deficit with its global trading partners edged lower in June but was bigger than expected. Read more
Payrolls Rise 164,000 As Labor Force Sets A Record High
AMERICA - Published date: .
Payroll growth rose in line with expectations in July and the unemployment rate remained at 3.7%. Read more
Beijing Responds To Trump's New $300 Billion Tariff Threat
AMERICA - Published date: .
China's foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not af... Read more
Fed Chairman Powell Says Rate Move Was A 'midcycle Adjustment,' Hinting More Cuts Not A Guarantee
AMERICA - Published date: .
Federal Reserve Chairman Jerome Powell said the central bank's rate cut was part of an ongoing move to adjust to economi... Read more
GDP Slows To 2.1% In Second Quarter But Beats Expectations Thanks To Strong Consumer
AMERICA - Published date: .
Growth decelerated in the second quarter, but not by as much as Wall Street thought. Read more
House Passes Two-year Debt Ceiling And Budget Deal, Sending It To The Senate
AMERICA - Published date: .
The agreement would lift the U.S. debt ceiling and permanently end the automatic spending cuts known as sequester. Read more
Morgan Stanley Sees 'credible Bear Case' For A US Recession
AMERICA - Published date: .
Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case. Read more
Trump Says China Is 'letting Us Down' By Not Buying US Farm Products During Trade Talks
AMERICA - Published date: .
If China does not buy U.S. crops, it could bode poorly for a U.S.-China trade deal as Washington has said it expects Bei... Read more
Fed Chair Powell's Job Is Safe 'at The Present Time,' Larry Kudlow Says
AMERICA - Published date: .
The Trump administration is making "no effort" to remove the Fed's Jerome Powell, top White House economic advisor Larry... Read more
Strong Job Growth Is Back: Payrolls Jump In June Well Above Expectations
AMERICA - Published date: .
Payroll growth rebounded sharply in June as the U.S. economy added 224,000 jobs and the unemployment rate rose to 3.7%. Read more
Trump's Latest Fed Moves Are Another Step In Trying To Take Control Of Interest Rates
AMERICA - Published date: .
The president said he plans on sending the names of Christopher Waller and Judy Shelton to the Senate as Fed governor ap... Read more
Job Creation Has Another Rough Month In June As Private Payrolls Rise By Just 102,000
AMERICA - Published date: .
The growth in private jobs missed even modest Wall Street expectations of 135,000 and signal a possibly weak nonfarm pay... Read more
Trump Says Renewed Trade Talks With China Have 'already Begun'
AMERICA - Published date: .
Trump and Xi had agreed during a bilateral meeting at the summit in Osaka, Japan, to hold off on imposing new tariffs on... Read more
Trump Might Not Need To Hear Much To Strike A Truce With China: Senior Official
AMERICA - Published date: .
Trump and Chinese President Xi Jinping are set to meet Saturday, with expectations running high that the two leaders can... Read more
Trump Says A US-China Trade Deal Is Possible, But He's 'happy Where We Are Now'
AMERICA - Published date: .
While Trump stresses the importance of getting a deal, he also says the tariffs have been good for the U.S. economy. Read more
Fed Chief Jerome Powell Warns Against Policy Bending To 'short-term Political Interests'
AMERICA - Published date: .
Powell stresses the central bank's independence amid continuous pressure from President Donald Trump to cut interest rat... Read more
Debt And Deficits Won't Be As Bad As Feared But Are Still Dangerous, CBO Says
AMERICA - Published date: .
The national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency... Read more