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What’s powering the economy? Frankly, it’s a mystery

The U.S. economy’s steady growth – the longest stretch since World War II without a recession – is something of a mystery. Last summer,...
PRESIDENT DONALD TRUMP has proposed a $4.8 trillion budget for the upcoming fiscal year. / BLOOMBERG NEWS FILE PHOTO

Trump’s $4.8T budget would increase debt, cut safety net

WASHINGTON – President Donald Trump’s $4.8 trillion budget for the upcoming fiscal year proposes billions more in funding for defense and a United States...
U.S. PAYROLLS increased 225,000 in December. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. jobs top estimates with 225,000 gain, wages accelerate

WASHINGTON – United States employers ramped up hiring in January and wage gains rebounded, providing fresh evidence of a durable jobs market that backs...
THE ANNUAL U.S. deficit in goods and services decreased 1.7% to $616.8 billion in 2019, / BLOOMBERG NEWS FILE PHOTO/QILAI SHEN

U.S. annual trade deficit shrinks for first time in six years

WASHINGTON – The United States trade deficit narrowed in 2019 from the widest in a decade, reflecting plunges in shipments from China and oil...
Brian Blase

R.I. could be leader in new type of health reimbursement arrangements

As of Jan. 1, businesses have a new way to provide health coverage for their employees. Called an Individual Coverage HRA , this health...
MAYOR PETE BUTTIGIEG leads 2020 presidential hopefuls in fundraising in Rhode Island. / BLOOMBERG NEWS FILE PHOTO/MARIO TAMA

Buttigieg outpacing candidates in R.I. fundraising

PROVIDENCE – The presidential hopeful that has raised the most in Rhode Island as of Nov. 30 is South Bend, Ind., Mayor Pete Buttigieg,...
THE U.S. AND CHINA have indicated that the two nations have reached a deal for the first phase of a broader trade agreement. / BLOOMBERG NEWS FILE PHOTO/PATRICK T. FALLON

U.S. and China agree to ‘phase-one’ deal easing trade tensions

WASHINGTON – The United States and China said they agreed to the details of the first phase of a broader trade agreement in a...

The status quo on health care is a sure disaster

Cassandra, of Greek mythology, predicted disaster. As Democrats debate Medicare for All versus the public option versus expanded “Obamacare” versus a yet-unnamed option, the...

U.S. economy keeps defying the recession odds

It’s impressive how well the U.S. economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened...
THE U.S. GOODS TRADE deficit decreased to $66.5 billion in October from $70.5 billion the prior month. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. goods trade deficit narrowed in Oct. as imports plunged

WASHINGTON – The United States merchandise-trade deficit unexpectedly narrowed to the lowest in more than a year as imports plummeted, signaling the impact of...
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