Economy Jan 13 U.S. drops designation of China as currency manipulator Treasury Secretary Steven Mnuchin said the administration had dropped China’s designation as a currency manipulator because of commitments in the Phase 1 trade agreement that President Donald Trump is to sign with China on Wednesday at the White House.
Economy Nov 27 U.S. economy grew at a moderate 2.1% annual rate last quarter The growth was slightly faster than predicted, but many economists say they think growth is slowing sharply.
Nation Nov 13 U.S. budget deficit surges to $134.5 billion in October The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record.
Economy Nov 05 U.S. trade deficit falls to lowest level in 5 months The Commerce Department said Tuesday that the September gap between what America buys from abroad and what it sells shrank by 4.7% to $52.5 billion.
Economy Oct 29 U.S. consumer confidence falls for 3rd straight month Consumers' perceptions about the present situation have improved, but future expectations frayed in October.
Politics Oct 25 U.S. budget deficit hits $984 billion, highest in 7 years The surge reflected such factors as revenue lost from the 2017 Trump tax cut and a budget deal that added billions in spending for military and domestic programs.
Economy Oct 24 New home sales fell 0.7% in September The housing industry is combating a variety of factors that are holding back growth ranging from a shortage of construction workers to a lack of available land for new homes.
Nation Oct 16 U.S. retail sales dip 0.3 percent in September Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending.
Economy Oct 15 IMF downgrades world’s economic outlook, citing trade wars The International Monetary Fund predicts that growth this year will be the weakest since the 2008 financial crisis.
Economy Oct 10 Federal Reserve approves rules to loosen bank restrictions The package of rules will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules.