Trump finally got his wish from the Fed, but not for the reasons he wanted

The Federal Reserve is taking a pause on interest rate hikes for now. While President Donald Trump will like that fact, it will not please him that the central bank lowered its economic outlook for the year. The president has repeatedly slammed the Fed and its chairman, Jerome Powell. The Federal Reserve likely just stalled…

Read more »

Firm owned by Trump's longtime bodyguard Keith Schiller has received $225,000 from the RNC

A company owned by Keith Schiller, President Donald Trump’s former longtime bodyguard, has received $225,000 from the RNC for security consulting since he left his White House job in September 2017. Schiller was originally hired by the RNC to help select a site for the 2020 convention. But once Charlotte was announced in July, Schiller’s…

Read more »

A US trade deal with China won't be perfect – it doesn't need to be

Whatever your take on the Trump administration’s economic agenda, we should all agree on one thing: contrary to President Trump’s assertion, trade wars are neither good nor easy to win. What started with the administration slapping tariffs on imported solar panels and washing machines eventually devolved into Trump levying steel tariffs on national security grounds….

Read more »

Here's how lost furloughed federal worker paychecks could weigh on the US economy

Federal workers furloughed by the ongoing partial government shutdown have been bearing the brunt of the political standoff between President Donald Trump and Congress over funding for a border wall. Those federal employees are feeling the squeeze on their wallets. As the stalemate drags into its third week, the impact may soon be felt by…

Read more »

Fixing trade war will need more than talks between Trump and Xi, WTO's Azevedo says

President Trump and President Xi are expected to talk trade in the upcoming G-20 meetings, igniting speculation that a trade deal could be in the offing. The WTO’s Director-General told CNBC that direct talks between Trump and Xi are good but other channels are needed. Trade tensions can’t be fixed by talks between Washington and…

Read more »

Sen. Elizabeth Warren: Trump steel tariff exemptions favor US subsidiaries of foreign companies

A review by Sen. Elizabeth Warren’s staff found foreign-headquartered companies received 80 percent of all exemption early requests. Chinese-owned companies received 27 percent of all waiver approvals. The Commerce Department says exclusions are granted only when U.S. producers do not make the product in sufficient quantity or quality and not based on the specific geographic…

Read more »

More Americans are crediting Trump for the stronger economy, but that isn't helping the GOP with voters: NBC/WSJ poll

A new poll found that seven in 10 voters say the economy has improved under the Trump administration. But the survey found that respondents favored Democrats by 10 percentage points when asked which party they want to win the midterm elections in November. Democrats also have an advantage in voter enthusiasm with 63 percent expressing…

Read more »

The Trump administration is teetering

The turmoil in the Trump administration is putting the president on shaky political ground. If Democrats win back Congress in November, Trump could be staring directly at impeachment. MOUNT LEBANON, Pa. — The Trump administration is teetering. President Donald Trump just fired his top diplomat. His top economic advisor resigned last week. His personal assistant…

Read more »