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Over 600 American companies and business associations warned President Donald Trump that a trade war with China will hurt the United States, urging him to return to the negotiating table with its largest trading partner. In a letter sent Thursday to the White House, its 661 signatories, including Walmart, PetSmart, and the American Association of Exporters and…
Read moreNearly 700 health insurance and benefits advisors from across the nation will travel to Washington to meet with members of Congress. In addition, NAHU members will hear from industry experts, members of Congress and members of the Trump administration as they look at the future for health care reform.
Congress has a lot of its plate, but financial services would like to see a retirement income security bill get passed before the end of the year.
With control of Congress divided between Democrats and Republicans, the efforts to reform health care will shift to the states over the next two years, a panel of consultants said.
The Trump administration is expanding options for employers to use special accounts to help workers buy their own health insurance, upgrade job-based coverage, or choose low-cost plans with limited benefits, officials said.
John Hickenlooper said if Democrats don’t actively reject the socialist label, Republicans will use it to paint the party as far-left, “helping to reelect the worst president in this country’s history.” “The word is so freighted, has so much baggage with it in this country that if we don’t clearly say that we’re not and demonstrate that we have pragmatic solutions, I…
Bernard Sanders says in regard to his quest for the White House and his zeal for democratic socialism. The Vermont independent now cites the legacy of Franklin Delano Roosevelt. While the Bill of Rights protects us from the tyranny of an oppressive government, many in the establishment would like the American people to submit to the tyranny of oligarchs,…
Four of the five sitting Fed board governors were Trump picks, including Fed Chairman Jerome H. Powell, who was first appointed to the board by President Barack Obama and then elevated to chairman by Trump.
Bernie Sanders on Wednesday mounted a strong defense of democratic socialism, the economic philosophy that has guided his political career, even as Republicans and some of his Democratic presidential opponents have seized on it to brand him as too radical. During Wednesday’s speech at George Washington University, Sanders said Trump “believes in corporate…
Colorado joined eight states and the District of Columbia in filing the lawsuit. T-Mobile and Sprint have about 1.5 million customers in Colorado, according to March 2019 data from the Colorado Public Utilities Commission, about a quarter of the state population. “To protect Colorado consumers, and the benefits that come from competition, the court should…
Patty Murray, D- Washington, ranking Democratic member of the Senate Health, Education, Labor and Pensions Committee, issued the following news release:. Patty Murray, ranking member of the Senate Health, Education, Labor, and Pensions Committee, and Sherrod Brown, and U.S. Representatives Bobby Scott and Mark Takano today reintroduced legislation to make…
Republicans know this, and so do Democrats, who have found success in the state just out of reach for most of the last decade. So, as Trump prepares next week to hold a campaign re-launch in Orlando, Democrats are rolling out their own plan to change their fortune by spiking voter registration and rebuilding their ground game. In interviews this weekend and in…
With his threated Mexican tariffs now on the backburner, President Donald Trump was looking to claim victory even as some of his Democratic challengers for the White House criticized him for overselling a deal that only ramps up existing efforts. Trump defended the agreement to head off the 5% tax on all Mexican goods that Trump had threatened to impose Monday as he tried to pressure the country to do more to stem the flow of Central American migrants across the U.S. southern border.
U.S. hiring slowed in May as employers added just 75,000 jobs. It’s a sign that businesses may have become more cautious in the face of slowing global growth, trade fights and the fading stimulus from tax cuts and greater government spending. The Labor Department says the modest increase follows a healthier gain of 224,000 in April. The unemployment rate remained at a nearly 50-year low of 3.6%.
With worries rising about trade wars and slower global growth, Friday’s jobs figures for May could serve as a reminder that the U.S. economy is still mostly in good shape. Or, an unexpectedly weak employment report could intensify concerns that after a healthy first quarter, the U.S. economy is actually stumbling. Economists have forecast that the government will report that employers added 185,000 jobs, a solid figure.
The Great Recession officially ended – and the current recovery officially began – exactly a decade ago, in June 2009. That means we’ve now tied the record for the longest economic expansion on record, matching the 10-year business cycle upswing that ended in March 2001. Now what?
President Donald Trump is locked in too-close-to-call races with any one of seven top Democratic challengers in the 2020 presidential race in Texas, where former Vice President Joseph Biden has 48 percent to President Trump with 44 percent, according to a Quinnipiac University poll released today. *President Trump at 46 percent to Massachusetts Sen.
Chinese ambassador to Namibia, Zhang Yiming has expressed concern the tit-for-tat trade war between China and the US could result in a global economic crisis. “China does not want a trade war, but it is not afraid of such one and would fight for it if necessary. This week, some of the world’s biggest footwear firms urged US President to end the US trade war with China,…
Asian shares are wobbling after U.S. and Chinese officials traded jibes in their widening clash over trade and technology. China’s Shanghai Composite lost 0.5% after surveys showed a deteriorating manufacturing outlook. Japan’s Nikkei 225 index lost 1.3% by midday.
Democrats in Washington are increasingly antsy to begin impeachment of President Trump— but voters back home seemed to have plenty of other things on their minds over the last week. In New Jersey, Democrat Josh Gottheimer held a press conference to call on other members of Congress to start working on a bipartisan solution to infrastructure, after President…
The surprise announcement by U.S. President Donald Trump to impose new tariffs on Mexico– an effort to stem illegal migration– shook world financial markets Friday, as all three major Wall Street indexes posted significant losses. Trump said Thursday the United States will impose a 5 percent tariff on all imports from Mexico.
WASHINGTON- Enjoy it while it lasts. The U.S. economy grew at a solid 3.1% annual rate in the January-March quarter- a pace that will likely prove to be the high-water mark for the year before growth weakens in the coming months. That’s the assessment widely shared by economists in light of the rising threats facing the U.S. economy, from a raging trade war to more…
Top Democratic presidential candidates are one-upping each other with ever-more-ambitious plans on global warming, gun violence, health care and abortion. But largely left out of the policy parade are the thousands of immigrants flooding the U.S. border to seek asylum _ and the fight over border wall funding that recently shutdown the government. That trend has held even as President Donald Trump largely continuing to champion immigration crackdowns, seeing it as a winner ahead of 2020.
WASHINGTON- The Senate majority leader says if there’s a vacancy on the Supreme Court during next year’s election cycle, the Republican-controlled Senate would likely confirm a nominee selected by President Donald Trump. Mitch McConnell, R- Ky., told a questioner that if a Supreme Court justice died next year, creating a vacancy on the nine-member court, “Oh, we’d…
The reading was the highest since November 2018. Their optimism reflects the strength of the US labor market, where the unemployment rate in the United States fell to 3.6%, near its lowest level in 50 years.Consumer sentiment remained high, although the Dow Jones industrial average fell more than 3% this month due to fears of a US-China trade war.
May 26– May 26– Joe Kunkel, a student and teacher of American politics, has watched a lot of history unfold. “Some of the Democrats are just trying to appeal to the base and mobilize them. “I think the Democrats taking the real hard positions are doing the same as Trump did just appealing to his base.
A court has scheduled a July 9 hearing on a Texas-based judge’s ruling that the Affordable Care Act is unconstitutional.
She’s calling for a presidential “intervention.” He’s calling her “crazy.” The enmity between President Donald Trump and House Speaker Nancy Pelosi devolved Thursday into questions about the fitness of the nation’s two top elected officials after a dramatic blow-up at the White House. Still, both left open the prospect of working together despite pressure on Pelosi to launch impeachment proceedings against the president.
President Donald Trump is stepping up his effort to investigate the investigators. He wants the U.S. intelligence community to “quickly and fully cooperate” with Attorney General William Barr’s investigation of the origins of the multi-year probe into whether Trump’s 2016 campaign colluded with Russia. Trump is continuing to try to undermine the findings of special counsel Robert Mueller’s probe amid mounting Democratic calls to bring impeachment proceedings.
Under a unanimous consent maneuver, the Setting Every Community Up for Retirement (SECURE) Act could be voted on quickly. That means that the Senate could pass the bill Friday, as long as no senator objects The bill would expand access for annuities inside plans, and allow small employers to band together to offer plans.
The Setting Every Community Up for Retirement (SECURE) Act is designed to expand access to workplace retirement plans, particularly for small businesses, and will improve the ability for employers to extend greater access to lifetime income options in those plans.
China has an array of options for retaliating for Washington’s latest tariff hike in the two countries’ escalating trade battle. Beijing could limit exports of rare earths or disrupt operations of American companies in China. But those steps all carry economic and political costs. And there is no guarantee they would work.
The Quinnipiac University Polling Institute issued the following news release:. The nation’s economy is “excellent,” 22 percent of American voters say in a Quinnipiac University National Poll today, the highest “excellent” rating for the economy. But American voters give President Donald Trump a negative 38- 57 percent approval rating, compared to a negative 41-…
Chris Van Hollen, D- Maryland, issued the following news release:. U.S. Senator Chris Van Hollen joined Senators Chris Murphy, Richard Blumenthal, Sheldon Whitehouse, and Ed Markey this week to introduce the Green Bank Act of 2019. “I was proud to lead this effort in the House of Representatives and to continue the fight in the Senate.
Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. Powell says views about riskier corporate debt _ known as leveraged lending _ range from “this is a rerun of the subprime mortgage crisis” to “nothing to worry about here.”
Optimism among small business owners continued its steady climb in April, with the NFIB Small Business Optimism Index increasing 1.7 points to 103.5. April’ s Index is further evidence that when certainty and stability increase, so do optimism and action,” said NFIB President and CEO Juanita D. Duggan.“ The continued economic boom is thanks, in a major way, to strong…
Being a congressman can feel a little like “speed dating,” one former representative said.
Live, from a tiny parlor in the Capitol, House Democrats are reading aloud nearly 400 pages of special counsel Robert Mueller’s report. The marathon is likely to stretch into the wee hours of Friday. The duty will be split among more than two dozen lawmakers. Democratic Rep. Mary Gay Scanlon of Pennsylvania said “The American people need to hear from the report itself,” adding, “summaries won’t do.”
President Donald Trump’s latest financial disclosure report is expected to provide a rare glimpse into whether his presidency has helped or hurt his hotels, golf resorts and other parts of his business empire. The report expected to be released Thursday will be closely studied for changes in revenue at key properties, including his Mar-a-Lago resort in Palm Beach, Florida, his Washington, D.C., hotel and his Doral golf resort in Miami.
Leading electronics manufacturers in Japan and Taiwan are facing a crisis because of U.S. President Donald Trump’s decision to possibly place 25 percent tariffs on another $300 billion worth of “Chinese” goods, according to a Japanese press report. Terry Guo, chief executive of Foxconn in Taiwan, has said the firm is reviewing its options because “no end appears…
The National Federation of Independent Business issued the following news release:. -Index Moves Up 1.7 Points, Remaining at a Historically Strong Level. April’s Index is further evidence that when certainty and stability increase, so do optimism and action, “said NFIB President and CEO Juanita D. Duggan.
China’s ruling Communist Party is taking a newly aggressive approach to controlling the narrative in its trade dispute with the U.S. The harder line comes after days of muted official responses to President Donald Trump’s decision to hike tariffs on $200 billion worth of Chinese imports. Escalating the antagonism, China retaliated Monday with higher tariffs on $60 billion worth of American goods, raising duties of 5% to 25%.
California Attorney General Xavier Becerra is trying to block a new rule from the Trump administration that would make it difficult for states to deduct labor union dues from the paychecks of home health care workers. Becerra announced the lawsuit on Monday, joined by the attorneys general of Connecticut, Massachusetts, Oregon and Washington. Becerra’s office says it is the 50th lawsuit he has filed against the Trump administration.
The United States and China are raising tariffs on tens of billions of dollars’ worth of each other’s imports, escalating a trade war, spooking financial markets and casting gloom over prospects for the world economy. China on Monday raised tariffs on $60 billion of U.S. goods.
President Trump’s 2020 budget proposal would lead to $9.9 trillion of cumulative federal deficits over the next 10 years, which is $2.7 trillion more than the White House estimated over the same period, the Congressional Budget Office said Thursday. Under the president’s plan, which was released in March, federal deficits would still surpass the…
President Donald Trump says it’s time to end “surprise medical bills,” which can leave insured patients facing sticker shock from charges submitted by doctors outside their insurers’ networks. Trump spoke at the White House on Thursday to lend his support to efforts by Republican and Democratic lawmakers. White House aides outlined a set of principles for legislation.
China says the U.S. has “further aggravated” tensions over the Iran nuclear issue. A Foreign Ministry spokesman said Wednesday that China appreciated Iran’s “strict implementation” of its 2015 nuclear deal, a year after President Donald Trump withdrew from the accord. The spokesman said China calls on all parties for restraint and to avoid escalating tensions. His comments came after Washington moved to deploy an aircraft carrier and a bomber wing to confront unspecified threats from Tehran.
A new report on President Donald Trump’s taxes is giving another peek into his business history. The New York Times says it has reviewed tax records for Trump from the period 1985 to 1994 and concluded that Trump reported business losses of $1.17 billion for that 10-year period. The paper says the real estate businessman also didn’t pay income tax during eight of those years. Trump’s bestselling book about his business savvy, “Trump: The Art of the Deal,” came out during that period.
Fed candidates must demonstrate that they prioritize the central bank’s independence. That means they’ll resist arm-twisting from the White House, and they will do unpopular things when it’s in the best interests of the economy. So who are good candidates for open seats on the board?
The economic recovery’ s forthcoming 10th birthday should be a cause for celebration, as it will then cross the threshold toward becoming the longest expansion in US history. For now, however, most economic indicators look robust: The economy grew at a stronger-than-expected rate of 3.2% in this year’ s first quarter, the unemployment rate has only risen slightly…
A sudden White House announcement that a U.S. aircraft carrier and a bomber wing would be deployed in the Persian Gulf to counter Iran comes just days ahead of the anniversary of President Donald Trump’s decision to withdraw America from the nuclear deal between Tehran and world powers. Iranian President Hassan Rouhani is said to be planning a speech on Wednesday on the anniversary to discuss the next steps Tehran will take in confronting the U.S.
We live in an age obsessed with economic inequality. After Donald Trump- his personality, behavior and policies- inequality may well become the dominant issue in the 2020 election. Anyone who doubts this should consult a recent study by the Federal Reserve.
Democrats on the House Oversight Committee are seeking documents from the Trump administration as the panel belatedly begins oversight of the “abominable” U.S. response to deadly 2017 hurricanes in Puerto Rico and the U.S. Virgin Islands. Democrats say the administration has evaded oversight on the hurricanes because Republicans who controlled Congress refused to perform their constitutional role of executive oversight. Nearly 3,000 people died in Hurricane Maria.
North Korea’s test of what appears to be new short-range ballistic missile may not have been a direct threat to the United States, but experts warn it’s almost certainly an omen of bigger problems on the horizon. The test, complete with photos of a bull’s eye out to sea, alarmed Washington’s regional allies and demonstrates that Kim’s missiles are improving even as the Trump administration wrestles with how to get him back to the negotiating table.
President Donald Trump has turned up the pressure on China ahead of trade talks this week by threatening to hike tariffs on $200 billion worth of Chinese goods. The talks scheduled to resume in Washington on Wednesday are aimed at resolving a trade war that has cast gloom over the world economy. Trump said he would raise import taxes on some Chinese products to 25% from 10% on Friday.
The Fed is arguably the least transparent agency of the federal government outside of security agencies like the CIA. It is obvious why national security agencies need to be secretive. But why does the Fed? Stephen Moore argues that it doesn’t have to be.
The presidential campaign is underway, and Democrats will try to portray Trump’s policies as an economic mess. The question is whether it will work. The economy is humming along with 3.2% growth, plus low unemployment, plus – perhaps most important – wage increases that have not been seen in years.
WASHINGTON, D.C.— The Democratic-controlled House approved a bill Thursday that would prevent President Donald Trump from fulfilling his pledge to withdraw the United States from the landmark Paris climate agreement and ensure the U.S. honors its commitments under the global accord. The bill falls far short of the ambitious Green New Deal pushed by many…
May 03– May 3– Andrew Yang has never held elected office, but he’s aiming straight for the White House with an attention-grabbing policy proposal: a $1,000- a-month guaranteed income for every adult U.S. citizen. A New York tech entrepreneur who is one of 21 candidates seeking the Democratic presidential nomination, Yang, 44, is bringing his unusual campaign to…
U.S. employers are expected to have delivered a solid month of job growth in April, buoyed by a resilient economy that has confounded concerns that 2019 would begin with a slowdown. Another decent hiring gain would highlight the economy’s steady health just months after many analysts had expressed fear that growth was poised to weaken.
Stephen Moore, the former pro-Trump CNN commentator, has decided to withdraw from consideration to serve on the Federal Reserve, the president announced on Twitter. Moore came under fire in recent days for a series of comments and writings made several years ago that many people found offensive to women.
U.S. Sen. Michael Bennet of Colorado says he is seeking the Democratic nomination for president in 2020. The three-term senator made the announcement Thursday on CBS’ “CBS This Morning,” joining at least 20 other Democrats seeking the party’s presidential nomination. The 54-year-old Bennet almost launched his bid last month but was diagnosed with prostate cancer, which his office says has been successfully treated.
“The recession talk in late 2018 got way, way out of hand,” New York Times economic reporter Neil Irwin tweeted a few days ago. Trump will make it so much worse,” announced The Washington Post on Dec. 23. “Trump and the slowing economy: A wounded tiger is a dangerous tiger,” read the headline of a column, also in the Post, by former Obama economic adviser Jared Bernstein on Nov. 21.
