US Economy

Bannon Is Out, but Economic Nationalism Still Thrives at the White House

By Linette Lopez, Business Insider

Just because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
More Good News on Jobs Gives the Fed a Green Light to Start Unwinding

By Lucia Mutikani, Reuters

The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay...
The Walls Are Closing In as Allies Abandon Trump

By Rob Garver

Things have looked grim for Donald Trump’s future more than once in his relatively brief career as a politician. But on Wednesday, the cracks in the edifice of his public standing were really...
Household Debt in the US Just Hit an All-Time High

By Jonathan Spicer, Reuters

Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card...
Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom

By David Lawder, Reuters

The Trump administration has set a collision course with the auto industry as it launches renegotiations of the 23-year-old NAFTA trade pact this week, aiming to shrink a growing trade deficit with...

Here’s Why Trump Deserves Credit for the Stock Market Surge

By Liz Peek

As of Tuesday, the Dow Jones Industrial Average had scored record highs for nine days in a row; the gains are driving anti-Trumpers crazy. Though the president’s boasts are not always accurate,...
Are You Rich? Tax Reform May Answer That Question for You

By YLAN Q. MUI, CNBC

Whether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that...
A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over

By Jacqueline Leo

A new report by the Hamilton Project at the Brookings Institution has good news: "With [yesterday's] employment report, we can report that the national jobs gap relative to November 2007 has closed (...
Is Wage Growth Finally Coming for American Workers?

By Jeff Cox, CNBC

Wage growth has been the missing link throughout a period that has produced more than 18.5 million new jobs, including 209,000 in July. But Amy Glaser, who helps run Adecco Staffing, believes the...
Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits

By Tom DiChristopher, CNBC

President Donald Trump may be fuming over Republicans' failure to repeal and replace Obamacare, but he can certainly take solace in the GOP's swift overhaul of the Obama administration's energy and...

EU signs trade pact with Ukraine, ceasefire extended by 72 hours

By Robin Emmott and Justyna Pawlak, Reuters

BRUSSELS (Reuters) - The European Union signed an historic free-trade pact with Ukraine on Friday and warned it could impose more sanctions on Moscow unless pro-Russian rebels act to wind down the...
Fourteen killed in India gas pipeline blast and fire

By Nidhi Verma, Reuters

NEW DELHI (Reuters) - Fourteen people were killed and 20 injured on Friday in a blast and fire at a gas pipeline in the southern Indian state of Andhra Pradesh, again raising safety concerns over the...
Dems Try to End-Run Boehner on Unemployment Insurance

By Reilly Dowd, The Fiscal Times

On Thursday, a handful of House Democrats wrote a letter to Majority Leader-Elect Kevin McCarthy (R-CA) requesting a meeting to discuss a bipartisan path towards helping the long-term unemployed. The...
Rebuking Obama, U.S. top court limits presidential appointment powers

By Lawrence Hurley, Reuters

WASHINGTON (Reuters) - The U.S. Supreme Court reined in presidential power on Thursday, ruling that President Barack Obama went too far when he filled senior government posts without seeking U.S...
Ex-Murdoch CEO Brooks says vindicated by not guilty verdicts

By Costas Pitas, Reuters

LONDON (Reuters) - Rebekah Brooks, the former boss of News Corp.'s <NWSA.O> British newspaper arm, said on Thursday she felt vindicated after being found not guilty this week of hacking phone...

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