Tag: Donald Trump
World economy edges closer to a recession as trade dread deepens
WASHINGTON – The escalating trade war between the United States and China is nudging the world economy toward its first recession in a decade...
U.S. stocks plunge most in 2019 on trade tension
NEW YORK – Financial markets buckled after China escalated the trade war with the U.S., sending American stocks to the biggest drop this year...
U.S. goods trade deficit widens to 5-month high in June
WASHINGTON – America’s merchandise trade deficit with China widened slightly in June to a five-month high, government figures showed Friday, a day after President...
Trump ratchets up U.S.-China trade war with new tariffs
WASHINGTON – President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in...
Senate clears two-year debt, budget plan for Trump’s signature
WASHINGTON – The Senate sent President Donald Trump legislation to extend the debt limit and allow more government spending until after next year’s election...
U.S. growth slows to 2.1% as trade tensions weigh on businesses
WASHINGTON – U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports...
N.Y., N.J. & Conn., pursue another battle in SALT deduction war
NEW YORK – New York, New Jersey and Connecticut are again suing President Donald Trump’s administration over a provision in the 2017 tax law...
Trio of R.I. researchers to receive presidential science award
PROVIDENCE – Two Brown University faculty members have been chosen by the White House to receive the Presidential Early Career Award in Science and...
U.S. budget gap widens to $747B in 9 months through June
WASHINGTON – The United States budget deficit widened by 23% to $747.1 billion in the first nine months of the fiscal year, as rising...
White House pulls the plug on proposed drug-rebate overhaul, CVS stock...
WASHINGTON – The White House abandoned a push to end rebates paid to middlemen who negotiate drug prices on behalf of health insurers, a...
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