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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.
Stock markets are edging higher ahead of a Federal Reserve policy meeting at which the central bank is not expected to change its interest rates but could give clues on their future direction. Futures for the Dow and the S&P 500 were both up 0.4%, which indexes in Europe were up slightly, with Germany’s DAX and France’s CAC 40 both up 0.1%.
In statements Monday, Democratic presidential candidates Joe Biden and Beto O’Rourke separately urged rejection of the Trump-GOP tax cuts for the wealthy and big corporations, a position that helped spur Democratic victories in the mid-term elections for the House of Representatives. While other presidential candidates have proposed a variety of new…
President Donald Trump called on the Federal Reserve to cut interest rates by 1 percent and to implement a quantitative easing program that would boost the country’s economy further. Nevertheless, Trump was quick to tweet that if there was a looser monetary policy coming from the Fed, the U.S. economy would “go up like a rocket.”
The Federal Reserve begins its two-day policy meeting Tuesday, at the end of which no major rate action is expected — but some experts think one figure could be adjusted. Tuesday’s will be the Federal Open Market Committee’s third meeting this year. The U.S. economy’s hefty growth over the first quarter of 2019 is one of the main reasons analysts don’t expect a hike.
President Donald Trump and the Democratic leaders of Congress, House Speaker Nancy Pelosi and Sen. Chuck Schumer, are coming together in search of a plan to fix the country’s crumbling infrastructure. It’s seen as the issue with the best chance for the two sides to work together _ though the odds aren’t good. Their meeting Tuesday plays out against the backdrop of high tensions over escalating Democratic investigations of Trump and his administration.
White House press secretary Sarah Huckabee Sanders told reporters the review is underway concerning Mr. Moore, whom President Trump has not yet formally nominated for the Fed. Mr. Moore, a conservative commentator who writes a column for The Washington Times, apologized Sunday for columns he wrote in the National Review more than 15 years ago.
President Donald Trump’s pick for the Federal Reserve Board says he regrets past controversial articles he’s written about women and urged critics to focus on his economic record. Stephen Moore tells ABC’s “This Week” the articles were meant as humor columns, but “some weren’t funny, so I am apologetic.”
Republicans are warning that Democratic proposals aimed at providing universal health care and curbing greenhouse gas emissions show that Democrats want to turn the U.S. toward socialism. Among those making that pitch is Republican Sen. Cory Gardner of Colorado, who faces reelection next year. Conversations with more than three dozen Coloradans show that while some harbor concerns about socialism, few volunteer it as a top-flight concern.
April 26– Apr. 26– Presidential candidate Bernie Sanders is pushing the idea of a universal health care system in the United States. The U.S. already spends more of its GDP– 17 percent in 2017– on health care than any other nation. Question: Would a universal health care system benefit the U.S. economy in the long run?
It’s not just the stock market at a record high that’s feeling the Fed effect. Jewelry shoppers, home buyers, retirees and many others are feeling the ramifications of the Federal Reserve’s decision earlier this year to halt raising interest rates, at least temporarily. For some investments, it’s been for the better. For others, not so much.
April 25– Former vice president Joe Biden joined the Democratic presidential primary campaign Thursday as the consensus frontrunner, based on early polling. Here are three reasons why Biden might win the primary and the right to challenge President Donald Trump, and three reasons why one last campaign might fall short. Early lead: It helps to have eight years as…
Sen. Elizabeth Warren, who is seeking the Democratic nomination for president, also wants to cancel most student loan debt. The ideas are contained in a $1.25 trillion plan that draws some basic details from other candidates, notably Sen. Bernie Sanders, I-Vt.
Some centrist Democrats worry full-fledged “Medicare for All” will spook independents. Tammy Baldwin, Debbie Stabenow, and Sherrod Brown introduced the Medicare at 50 Act, which would let Americans 50 or older buy a privately administered Medicare plan through Obamacare’s exchanges.
Democrat Andrew Yang understands he’s unknown to much of America but says he’ll ride what seems like an improbable path to the White House just like President Donald Trump. Yang, an entrepreneur who has never held political office, is generating buzz with his signature proposal for universal basic income and is banking on a high-profile appearance on the Democratic debate stage this year for his message to catch on.
Five Democratic presidential candidates laid out some of their ambitions for the White House Monday night at a town hall event in New Hampshire. CNN hosted the events, which saw the candidates tackle many of the top issues expected to be key during the 2020 campaign. Bernie Sanders, Elizabeth Warren, Amy Klobuchar, Kamala Harris and Pete Buttigieg participated.
Of all America’s immigrant visa programs, arguably the most successful for the U.S. economy has been the H1B program. Larry Kudlow, the director of President Trump’s National Economic Council, calls these immigrants the “brainiacs.” There is little evidence that these foreign workers displace Americans from their jobs. Microsoft founder Bill Gates has…
Samantha Martin does most of the annual hiring for her public relations firm in the first quarter. “Our clients are having trouble getting funding and therefore public relations and marketing are the first to get cut,” said Martin, owner of New York- based Media Maison. The report, as well as the most recent jobs report from the Labor Department, clearly shows that…
The federal government’ s recently announced that the debt had reached $22 trillion, or 104 percent of GDP, news that garnered scant attention. It wasn’t always that way. In the 1980s and 1990s, by contrast, the issue was a central feature of the national conversation. Congressional leaders from both parties crafted a series of procedural innovations designed to keep the debt in check.
Biden would then fly to Pittsburgh for a campaign rally in the afternoon and then on to Philadelphia, where he will hold a rally at the Museum of Art, though the sources stressed that the plans have been shifting in recent days, and could change again. >>READ MORE: Trump, Biden clash as Democrats hope ex-VP can win back working-class voters, maybe White House.
A woman who says Herman Cain engaged in an extra-marital affair with her and denied it is offering to describe “certain parts” of his body to the Senate Banking Committee if he doesn’t withdraw his name from consideration for the Federal Reserve Board. “Do us all a favor and remove yourself from consideration for the Federal Reserve Board,” the Atlanta woman said. “
When President Donald Trump used to talk about illegal immigrants as rapists and murderers, he would always add that some were good people. Bernie Sanders would likewise acknowledge that some were almost OK. Pressure made him do it— the release of his tax forms, and there, merry and bright, was more than $2 million he had made over two years time.
Rhode Island’s commerce secretary has attended a White House conference to learn how the administration aims to make it easier for investors to take advantage of tax breaks for investing in “Opportunity Zones” in low-income areas. President Donald Trump spoke at the conference Wednesday, where proposed regulations were unveiled to clear up confusion over how federal tax rules would be interpreted. Commerce Secretary Stefan Pryor submitted testimony to improve the regulations.
Asian stock markets have declined after Wall Street sank despite encouraging Chinese economic data. Benchmarks in Shanghai, Tokyo and Seoul and retreated. U.S. stocks ended lower after a sell-off of health care companies, erasing the previous day’s gains. That came despite unexpectedly strong Chinese data showing economic growth held steady in the latest quarter and consumer spending accelerated.
When President Donald Trump said last week that the U.S. was “full,” he was reprising one of the dominant themes of his presidency: Immigration is harmful. That’s the message of new research that looks at the lingering effects of the first great wave of newcomers to the U.S. between 1850 and 1920. The economists who conducted the study crafted a rigorous analysis by…
The Federal Reserve says the economy was expanding at a “slight-to-moderate pace” in March and early April with some regions seeing signs of strengthening after a winter slowdown. In its latest report on economic conditions around the country, the Fed said that the reports on manufacturing were favorable although some business contracts noted uncertainty over trade.
The new Palestinian prime minister has accused the United States of declaring “financial war” on his people and says an American peace plan purported to be in the works will be “born dead.” In his first interview with the international media since taking office over the weekend, Mohammad Shtayyeh laid out plans to get through a financial crisis he has inherited and predicted the international community would join the Palestinians in rejecting President Donald Trump’s expected peace plan.
Top White House economic adviser Larry Kudlow said Tuesday that it would be up to Herman Cain to withdraw from consideration to be nominated to the Federal Reserve, if the embattled former pizza chain executive and presidential candidate chooses to bail out. President Trump has yet to formally nominate either Cain or former campaign advisor Stephen Moore.
U.S. industrial production dropped in March, pulled down by a drop in mining output. Factory output remained weak amid a slowing global economy and trade tension with China. The Federal Reserve says industrial output _ combining production at factories, utilities and mines _ slipped 0.1% in March from the previous month.
Presidential candidate Bernie Sanders has released 10 years of his tax returns as part of his 2020 campaign. The returns, released Monday, show an adjusted gross income for Sanders and his wife Jane of $561,293 in 2018. It was $1.131, 925 in 2017 and $1,062,626 the year before when he ran for the Democratic nomination.
The Federal Reserve Bank of Boston issued the following news release:. -Rosengren: It’s a good time to consider possible changes to Fed’s policy framework that could create “policy space”. Boston Fed President Eric Rosengren spoke Monday at Davidson College in North Carolina.
April 15– Congress has proposed legislation to help Americans sock away more money. Wending its way through the House and Senate this month is an epic bill called“ The Setting Every Community Up for Retirement Enhancement” Act of 2019. Also in the bill: Americans can take out money from retirement accounts without a penalty for a birth or adoption, up to $5,000.
Some key labor leaders say they are starting to worry about the topics dominating the 2020 conversation. Union officials in Nevada, Wisconsin and Pennsylvania tell AP they’re concerned the Democrats running for president aren’t talking enough about pocketbook issues. They say debates over the Senate filibuster and breaking up technology companies don’t win over working-class voters.
It was an interesting Thursday for U.S. Sen. Joe Manchin, D- West Virginia, and the decision from Susan Rice, the former U.S. ambassador to the United Nations, are bigger curiosities to a national political audience than a Maine one. He noted that he’d be making fellow Democrats unhappy by saying that about a Republican senator in a nationally targeted race in 2020..
Less than a week after President Trump announced that he was going to nominate Herman Cain to the Federal Reserve board, the former fast food executive reportedly intends to remove his name from consideration. Trump’s announcement was met with almost immediate questions from within his own party as to Cain’s qualifications for the gig,
The people who completely missed the housing bubble, the collapse of which sank the economy in 2008 and gave us the Great Recession, are again busy telling us about the next recession on the way. The latest item that they want us to be very worried about is an inversion of the yield curve. Typically, a longer-term interest rate, say the interest rate you would get on a…
April 11– The House of Representatives passed a bill Wednesay that would restore net neutrality rules back to what they were under President Barack Obama. Anthony Brindisi, D- Utica, which directs the Government Accountability Office to issue a report about the ways in which the government can promote the build-out of high-speed broadband infrastructure,…
Democratic presidential candidate Elizabeth Warren is proposing a new tax on corporate profits that’s designed to prevent business giants from taking advantage of the existing tax code to effectively pay a zero rate. The 7% tax on corporate profits above $100 million is the latest in a series of ambitious policy proposals from the Massachusetts senator. It’s in line with her broader push to rein in such industries as the financial sector and technology firms.
Stephen Moore, nominee for governor of the Federal Reserve board and former advisor for Trump’ s 2016 election campaign, began his talk Wednesday by giving three pieces of advice to students: do what you love, question both experts and“ scientific consensus” and read the Wall Street Journal editorial page no matter one’ s political affiliation.
The League of United Latin American Citizens issued the following news release:. The League of United Latin American Citizens, said a federal court decision Tuesday prevents President Trump from expelling refugees seeking asylum from the United States while their case is being decided. “We thank Judge Richard Seeborg of the United States District Court for…
Sean Patrick Maloney, announcing Tuesday that she plans to run for New York’s 18th Congressional District seat in 2020.. Chele Chiavacci Farley is a private-equity executive from Manhattan who recently rented a house in Tuxedo Park and registered as an Orange County voter in February, establishing residency in the 18th District. Farley accused Maloney of…
How much will the stock market rise this year? One of the many contributions of the great 20th- century economist and philosopher F.A. Hayek was his work on the limits of knowledge. An old friend, Steve Moore, a columnist for The Washington Times, has been nominated by the president to serve as one of the Federal Reserve Bank’s governors.
Bernie Sanders, I-Vt., and Sen. Amy Klobuchar, D- Minn., spoke in Las Vegas today before members of the International Association of Machinists and Aeorospace Workers about their platforms for the 2020 election and their support for the nation’s unions. Approximately 800 delegates from the International Association of Machinists, the largest airline and rail…
—Playing migrants for laughs in a speech to lobbyists and donors, President Donald Trump characterized people trying to get into the U.S. as a horde of beefy men who fake hard-luck stories so softies in the immigration system will let them in. His shtick caused plenty of amusement at the Republican Jewish Coalition event Saturday but it was a far cry from the…
The goal of the Federal Reserve Board is to bring short-term rates to a level where they don’t cause the economy to accelerate so much that inflation rises. For two years, the Fed has been raising the federal funds rate target – the overnight rate that banks use to lend money to each other. The yield on the three-month bill rises almost in lockstep.
April 07– Apr. 7– WASHINGTON– In a revealing moment even for this irrepressible president, Donald Trump last week told donors and Republican members of Congress that “we blew it” on health care, that Democrats “owned” the issue and “we have to take that away from them.” Republicans hope legal appeals linger beyond the 2020 elections, when Trump promised he would make the…
California and 19 other states that are suing President Donald Trump over his emergency declaration to build a border wall have requested a court order to stop money from being diverted to fund the project. California Attorney General Xavier Becerra said Friday that the group took action to prevent $1.6 billion from being siphoned away from fighting drug trafficking and funding military construction projects.
President Trump is set to address the National Rifle Association’s annual meeting for the 3rd consecutive year. He’s viewed as the most gun-friendly president in decades and will be appearing before one of his most loyal bases. His appearance comes about a month after his administration pushed through a ban on bump stocks.
April 05– Apr. 5– President Trump confirmed Thursday he’s tapping political loyalist and former fast food executive Herman Cain to the Federal Reserve board– a curious pick that will likely face bipartisan opposition in the Senate. Speaking to reporters in the Oval Office, Trump said reports about his considering Cain for the post were true and described the…
Tapping into Medicare’s network of doctors and hospitals could make coverage affordable for Americans now priced out of the market, Sen. Tim Kaine, D-Va., believes
Republican lawmakers aren’t pursuing a replacement for the health care law known as “Obamacare” until after the 2020 elections. Who gets credit for that political maneuvering depends on who you ask. Senate Majority Leader Mitch McConnell told reporters Tuesday that he made it clear to President Donald Trump that the Senate isn’t going to draw up a new health care law with Democrats controlling the House. Trump says the delay is his idea.
April 02– Apr. 2– Though the ruinous consequences of high health care costs don’t follow party lines, Republicans tend to believe they’re getting more for their money than Democrats and independents do, according to the results of a new nationwide survey released today by San Diego’s West Health. Meanwhile, Democrats are coming forward with their own health…
President Donald Trump is meeting with the secretary-general NATO, as tensions test the Western Alliance. The president is meeting on Tuesday with Secretary-General Jens Stoltenberg at the White House ahead of a meeting of NATO foreign ministers marking the organization’s 70th anniversary.
April 02– Apr. 2– WASHINGTON– If you want a glimpse of what the next 19 months in Congress will be like, look at the past week. That’s what Congress is primarily about now, even as hugely consequential questions from climate change to immigration loom over everything. Republicans and Democrats are so far apart on these issues they can’t even agree whether they are…
The White House said Tuesday it’s studying options to close parts of the U.S.- Mexico border, a followup to a threat from President Donald Trump to do so to stem the flow of migrants. Sanders added the White House Council of Economic Advisers has started examining the effect of closing entry points. Democrats are leaving us absolutely no choice at this point. “
The head of the International Monetary Fund says the global economy is at a “delicate moment” with a hoped-for rebound in growth later this year being threatened by a variety of factors from such as rising trade tensions. IMF Managing Director Christine Lagarde says the IMF does not have a recession in its updated forecast to be released next week as long as policy missteps are avoided.
