Budget Battles
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Republicans Want Strings Attached to California Disaster Aid
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Biden Goes Out With a Bang in the Jobs Market
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’
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Trump Considers Declaring National Emergency for Tariff Rollout
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Trump Unloads: Grievances, Greenland and the Gulf of Mexico
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Republicans Divided Over How to Pass Trump’s Agenda
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Trump Pushes Johnson to Victory as Speaker
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Bannon Is Out, but Economic Nationalism Still Thrives at the White House
By Linette Lopez, Business InsiderJust because Steve Bannon is out of the White House, doesn't mean that his ideas are gone — especially when it comes to economics.
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More Good News on Jobs Gives the Fed a Green Light to Start Unwinding
By Lucia Mutikani, ReutersThe 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...
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The Walls Are Closing In as Allies Abandon Trump
By Rob GarverThings 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...
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Household Debt in the US Just Hit an All-Time High
By Jonathan Spicer, ReutersAmericans' 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...
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Trump Is Headed for a Collision With the Auto Industry as NAFTA Talks Loom
By David Lawder, ReutersThe 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...
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Here’s Why Trump Deserves Credit for the Stock Market Surge
By Liz PeekAs 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,...
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Are You Rich? Tax Reform May Answer That Question for You
By YLAN Q. MUI, CNBCWhether 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...
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A New Report Shows Why The 10-Year Jobs Crisis Is Effectively Over
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 (...
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Is Wage Growth Finally Coming for American Workers?
By Jeff Cox, CNBCWage 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...
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Trump May Be in a Legislative Slump, but His Energy Agenda Is Getting Lots of Hits
By Tom DiChristopher, CNBCPresident 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...
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Battle for control destroyed $35-billion Omnicom-Publicis merger
By Anjuli Davies and Soyoung Kim and Leila Abboud, ReutersLONDON/NEW YORK/PARIS (Reuters) - The $35-billion merger of U.S.-based Omnicom and France's Publicis collapsed on Friday after a battle for control destroyed plans to create the world's largest...
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Breakfast Burgers Are New Weapon in Fast Food Wars
By Maureen Mackey, The Fiscal TimesIn the ongoing and high-stakes fast-food breakfast wars, Burger King (BKW) has now fired the latest salvo – and it’s left the competition broiling mad. The Miami-based chain announced that its flame-...
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Exclusive: U.S. banking regulators hire math geeks of their own
By Lauren Tara LaCapra, Reuters(Reuters) - A few years ago, famed financial engineer Andrew Lo built a computer model that allowed one of the biggest U.S. banks to figure out which customers were most likely to fall behind on...
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Sickest Patients Could Be Shifted Off Employer Plans
By Jay Hancock, Kaiser Health NewsCan corporations shift workers with high medical costs from the company health plan into online insurance exchanges created by the Affordable Care Act ? Some employers are considering it, say...
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Could take 5-8 years to shrink Fed portfolio: Yellen
By Jonathan Spicer and Tim Ahmann, ReutersNEW YORK/WASHINGTON (Reuters) - The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could...