Category Archives: Business & Finance

Trump’s immigration offer brings sharp reactions from Dems and GOP

President Trump’s immigration compromise package to end the partial government shutdown drew sharp reactions from Democratic and Republican lawmakers alike.

Continue reading →

Advertisements

Mnuchin to Convene US ‘Plunge Protection Team’ as Markets Worry

Monday the Trump administration is arranging a phone call with top U.S. regulators to discuss financial markets as stocks fell again amid concern about slowing growth, the government shutdown and the independence of the Federal Reserve, the Treasury Department said.

Continue reading →

Trump Warns Fed Not to Make ‘Mistake’ Ahead of Likely Rate Hike

President Donald Trump issued a fresh appeal to the Federal Reserve to avoid making “yet another mistake” just hours before the central bank starts a two-day meeting at which it’s widely expected to raise interest rates.

Continue reading →

California lawmakers traveled to Hawaii with utility executives as wildfires raged

Hmm, a group of California lawmakers took a trip to Hawaii with utility companies last year as wildfires wreaked havoc in their state. During the trip,  representatives from utility companies discussed with lawmakers just how much responsibility they should bear for wildfires – even as Pacific Gas & Electric Co. (PG&E) could be on the hook for several billions of dollars in damages for fires it caused over the past few years.

Continue reading →

Trump Foundation agrees to dissolve under court supervision

Tuesday the Donald J. Trump Foundation has agreed to dissolve under judicial supervision amid an ongoing lawsuit concerning its finances, according to a document filed in Manhattan Supreme Court by the New York state Attorney General’s office.

Continue reading →

US Says March 1 ‘Hard Deadline’ for Trade Deal With China

Sunday U.S. Trade Representative Robert Lighthizer said unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.

Continue reading →

‘Very possible’ partial government shutdown will last into the new year, Mulvaney says

Office of Management and Budget (OMB) Director and incoming Acting White House Chief of Staff Mick Mulvaney told “Fox News Sunday” that the ongoing partial government shutdown will likely extend into the new year, as President Trump insists on funding for a border wall and “refuses to go along to get along.”

Continue reading →

Trump considering firing Fed Chair Jerome Powell after latest rate hike

President Trump is reportedly considering firing Federal Reserve Chair Jerome Powell after policymakers at the central bank on Wednesday voted to increase interest rates for the fourth time this year.

Continue reading →

Trump backs call to nuke filibuster in drive to pass border wall $$, as shutdown looms

Friday President Trump publicly urged Senate Majority Leader Mitch McConnell to deploy the so-called “nuclear option” to jam through a controversial spending package that includes billions in border-wall funds, as Washington’s warring parties remain on a collision course toward a partial government shutdown at midnight.

Continue reading →

Trump Praises Saudis for Low Worldwide Oil Prices

Wednesday President Donald Trump sent out a tweet praising Saudi Arabia for lower worldwide oil prices after receiving widespread criticism for his declaration that Saudi Crown Prince Mohammed bin Salman would not be punished even if he ordered a hit team to murder journalist Jamal Khashoggi.

Continue reading →