Economy May 30 3 reasons why the U.S. economy may have already peaked for the year The U.S. economy grew at a solid 3.1 percent 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.
Economy May 30 U.S. economy grew at solid 3.1 percent rate in first quarter Much of the gain in the first quarter of 2019 was based on temporary factors that will likely fade, leaving growth much slower in the current quarter.
Nation May 22 Harriet Tubman $20 bill design delayed past 2020 Treasury Secretary Steven Mnuchin said the delay in unveiling a $20 redesign had been prompted by the decision to redesign the $10 bill and the $50 bill first for security reasons.
Politics May 22 Mnuchin says he has no idea who wrote IRS memo on tax returns Treasury Secretary Steven Mnuchin said he does not know who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege.
Economy May 21 Fed Chair Powell sees ‘moderate’ risk from corporate debt Fed Chair Jerome Powell said 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."…
Politics May 17 Trump administration rejects subpoena for tax returns Treasury Secretary Steven Mnuchin said in a letter that he will not comply with a subpoena from House Ways and Means Committee Chairman Richard Neal for six years of Trump's tax returns because the request "lacks a legitimate legislative purpose."…
Nation May 11 States bring price fixing suit against generic drug makers Attorneys general from more than 40 states are alleging the nation’s largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis and other medical conditions.
Economy May 09 U.S. trade deficit edges up to $50 billion in March The U.S. trade deficit increased slightly in March, even though the deficit with China fell to the lowest point in five years.
Economy May 09 Fed Chair Powell says policies are needed to address slow income growth In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class families since the 1970s than for higher-income households.
Economy Apr 29 U.S. consumer spending spikes 0.9 percent in March The March gain was the biggest monthly increase since August 2009, the Commerce Department reported.