Politics Sep 04 DOJ probing mortgage fraud claims against Fed governor Lisa Cook, AP source says News of the investigation comes amid a high-stakes legal fight over President Donald Trump’s removal last month of Cook, an action she says is being undertaken so that he can seize control of the independent central bank.
Economy Aug 29 Appeals court finds Trump had no right to impose tariffs, but leaves them in place for now The U.S. Court of Appeals for the Federal Circuit ruled Trump wasn’t legally allowed to declare national emergencies and impose import taxes on almost every country on earth, a ruling that largely upheld a May decision by a specialized federal…
Nation Aug 14 U.S. producer prices surge in July as Trump tariffs push costs higher The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers — was up 0.9% last month from June and 3.3% from a year earlier.
Economy Aug 01 U.S. employers added just 73,000 jobs last month as labor market weakens in face of Trump trade wars The unemployment rate ticked up to 4.2% as Americans dropped out of the labor force.
Politics Jul 31 Appeals court questions Trump’s authority to impose tariffs without Congress Appellate court judges are expressing skepticism over President Donald Trump’s legal rationale for his broadest batch of tariffs.
Politics Jul 30 U.S. economy expanding 3% in second quarter, bounding back but growth masks economic uncertainty from Trump’s tariffs The Commerce Department reported Wednesday that America gross domestic product — the nation's output of goods and services — rebounded after falling at a 0.5% clip from January through March. The first-quarter drop was mainly caused by a surge in…
Economy Jul 29 Trump’s tariffs could squeeze U.S. factories and raise costs by up to 4.5%, a new analysis finds The analysis by the Washington Center for Equitable Growth warns of economic and political costs, especially in swing states with significant manufacturing sectors, like Michigan and Wisconsin.
Economy Jul 28 Trump is getting the world economy he wants — but the risk to growth could spoil his victory lap Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president’s demands to accept higher costs — in the form of high tariffs — for the privilege of selling their wares to the United…
Nation Jul 16 U.S. producer prices unchanged as wholesale inflation cooled in May U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher.
Politics Jul 09 Trump’s tariff blitz produces few trade deals but lots of uncertainty White House trade adviser Peter Navarro predicted “90 deals in 90 days.’’ The 90 days have come and gone and the tally of trade deals stands at two.