New French tax turns Trump and tech giants into strange bedfellows
What does French rosé have in common with American software? Both are wrapped up in a brewing trade scuffle between the U.S. and France, which has spawned an unlikely alliance between the Trump administration and major American tech giants.
U.S. consumer confidence dips slightly in August
The Conference Board, a business research group, said Tuesday that its consumer confidence index edged down to 135.1 in August, slightly below a July reading of 135.8, which had been the highest since November.
2020 Democrats try to criticize Trump without cheering on a recession
In town halls and speeches across the country this week, candidates leveled blame on Trump, arguing that his aggressive and unpredictable tariff policies were prompting gloomy economic forecasts.
U.S. deficit expected to exceed $1 trillion next year
The first projections are the first to take into account the big budget deal that President Donald Trump and Congress reached this summer.
The surge in deficits reflects a variety of factors including a $1.5 trillion tax cut President Donald Trump pushed through Congress in late 2017 and billions of dollars in extra spending Congress approved in early 2018.
The U.S. is currently in the midst of the longest economic expansion since the period following World War II. But even though the numbers are good, they don’t add up to prosperity for all Americans. William Brangham talks to Matthew…
The Federal Reserve says it's holding its benchmark interest rate steady, despite ongoing pressure from President Trump to reduce it. But Fed Chairman Jay Powell expressed openness to the idea of cutting rates if economic indicators warrant. He also recently…
May's jobs report showed more signs of slowing economic growth in the U.S. The Labor Department reported a net gain of 75,000 jobs -- just a third of the total for the previous month. That change is set against a…
In our news wrap Wednesday, U.S. and Mexican officials held trade talks as President Trump's threatened 5 percent tariff on all Mexican imports looms. Trump has said the tariffs will go into effect June 10 unless Mexico does more to…
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