Economy May 16 Moody’s strips U.S. government of top credit rating over failure to rein in debt Moody’s is the last of the three major rating agencies to lower the federal government’s credit. Standard & Poor’s downgraded federal debt in 2011 and Fitch Ratings followed in 2023.
World May 10 U.S.-China tariff talks begin in Geneva as the world looks for signs of hope The U.S. treasury secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.
Economy May 02 Employers added a surprising 177,000 jobs, unemployment remains low, as job market shows resilience President Donald Trump's aggressive and unpredictable policies have clouded the outlook for the economy but Friday's report showed the damage isn't showing up in the labor market yet.
Nation Apr 30 Shipments from China fall as Trump’s tariffs loom over economy The president’s massive and unpredictable taxes on imports seems likely to mean emptier shelves and higher prices for American shoppers, perhaps within weeks.
Politics Apr 30 As Trump trade wars disrupt businesses, U.S. economy shrinks 0.3 percent in first quarter The January-March expansion was the slowest in almost three years and was down from 2.4 percent in the last three months of 2024.
Politics Apr 11 U.S. wholesale inflation falls offering possible relief, but trade war threatens to raise prices Compared to a year earlier, producer prices rose 2.7%, down from a 3.2% year-over-year gain in February and much lower than the 3.3% economists had forecast.
Politics Apr 08 WATCH: U.S. Trade Rep. Greer under fire in Senate hearing as world responds to Trump tariffs “It seems like we’ve decided to begin a trade war on all fronts,″ said Republican Sen. Thom Tillis of North Carolina. He said he wanted to know who in the Trump administration he should hold responsible — and “choke" —…
Economy Apr 04 U.S. added 228,000 jobs in strong March buildup to Trump trade wars U.S. employers added a surprising number of jobs last month, showing that the American labor market was in solid shape as President Donald Trump embarked on a risky trade war with the rest of the world.
Economy Apr 03 How soon will prices rise? 4 questions about Trump’s reciprocal tariffs, answered Economists don’t share President Donald Trump’s enthusiasm for tariffs since they’re a tax on importers that usually get passed on to consumers. It’s possible, however, that the reciprocal tariffs could bring other countries to the table and get them to…
Economy Mar 27 U.S. economy grew 2.4 percent in 4th quarter of 2024 after upgrade in growth estimate It’s unclear whether the United States can sustain that growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally.