Tag: Business

Jobs Report: 211,000 Jobs Added, Unemployment Rate Fell To 4.4%

In April, the U.S. economy added 211,000 jobs and the unemployment rate fell to a new post-crisis low of 4.4%. This is the lowest unemployment rate since May 2007. Wages, which are closely tracked by the Federal Reserve, rose 0.3% month-on-month, as expected. The the annual increase in wages, however, disappointed with wages up just…

House Republicans Passes Bill To Replace Obamacare

On Thursday, the House narrowly passed the American Health Care Act, 217-213. Every Democrat voted against the GOP health-care bill, as did 20 Republicans. 217 Republicans voted in favor. The bill passed after a lengthy struggle by Republican leadership to win over moderates who were concerned the bill threatened coverage for people with pre-existing conditions,…

House Votes To Approve $1.1 Trillion Spending Bill

A bipartisan $1.1 trillion spending bill that will keep the federal government running through September was approved Wednesday by the House. The bill does not include any funding for President Trump’s proposed wall along the U.S. border with Mexico, secures funding for Planned Parenthood, and adds $15 billion to the military’s budget. The National Endowment…

Trump Signs The Johnson Amendment Religious-Liberty Executive Order

President Donald Trump on Thursday signed an executive order that loosens the restrictions on political activity for religious groups. “We will not allow people of faith to be targeted, bullied, or silenced anymore, and we will never ever stand for religious discrimination,” Trump said in the White House Rose Garden. “No American should be forced…

House To Vote On GOP Health-Care Plan Today

A little-noticed amendment to the Obamacare repeal effort now before the House would let U.S. employers gut health coverage, The Wall Street Journal reported. Such a provision would affect about half the country, and the amendment lets states obtain waivers from certain Affordable Care Act regulations, freeing insurers from a mandate stipulating that they cover…

Trump: Congress Needs Shutdown to Fix ‘Mess’

President Donald Trump on Tuesday said a shutdown of the U.S. government would be necessary in order to fix the “mess” in Congress. “The reason for the plan negotiated between the Republicans and Democrats is that we need 60 votes in the Senate which are not there!” Trump tweeted. “We either elect more Republican Senators…

Trump: ‘Major, Major’ Conflict With North Korea Possible

In an interview with Reuters on Thursday, President Trump said “there is a chance that we could end up having a major, major conflict with North Korea,” but he is hopeful that the U.S. can find other ways to work with the country regarding its nuclear and missile programs. “We’d love to solve things diplomatically,…

Trump Won’t Pull U.S. Out of NAFTA

President Donald Trump has announced that he will not pull the U.S. out of the North American Free Trade Agreement, despite numerous promises to do so. Trump informed the leaders of Mexico and Canada of his decision Wednesday, and the White House later confirmed that the president had “agreed not to terminate NAFTA at this…

House Oversight Committee: Flynn ‘Inappropriately’ Took Foreign Money

The White House on Tuesday denied the House Oversight Committee’s request for documents relating to former national security adviser Michael Flynn, who was fired in February for lying to the vice president. Additionally, the committee’s leaders said Flynn “inappropriately” accepted money from foreign governments. In a letter to the committee’s chairman, Jason Chaffetz, White House…

Trump To Propose Cutting Corporate Tax Rate To 15 Percent

On Wednesday, President Trump will announce his plan to overhaul the tax code, including his proposal to cut the corporate tax rate from 35 percent to 15 percent, White House officials told The Washington Post on Monday. Independent analysts have estimated a cut this severe could cost the federal government $2.4 trillion over 10 years,…

Ivanka Booed In Germany While Praising Her Dad [VIDEO]

Ivanka Trump was booed and hissed on stage Tuesday in Germany, according to reporters who were at the W20—a Group of 20 conference focused on international women’s issues. Ivanka Trump called her father, the 45th president of the United States, a “tremendous champion” of families, reportedly leading to the hostile audience reaction. President Trump tweeted…

Astronaut Peggy Whitson Breaks Record In Space

Peggy Whitson has broken a new record for the most days in space by a U.S. astronaut. The record was previously held by Jeff Williams, who had a total of 534. She already held the record for the oldest woman to have gone to space, most spacewalks carried out by a woman, and the first…

New Orleans Removes Confederate Statues

New Orleans started taking down the first of four prominent Confederate monuments in the city early Monday morning, at about 1:30 a.m. The city is the most recent Southern stronghold to remove symbols interpreted by many to memorialize white supremacy and racism. The first monument to be removed overnight was one that “commemorates whites who…

Macron, Le Pen Advance To 2nd Round In French Election

Centrist independent Emmanuel Macron led the first round of France’s presidential election on Sunday, and will face far-right leader Marine Le Pen in a May 7 runoff. With nearly all of the ballots counted, Macron led the 11-candidate field with just under 24 percent of the vote, followed by Le Pen with 21.4 percent. The…

March For Science Protests Assemble In Washington, Worldwide

Thousands of people are expected to protest Saturday in Washington, D.C., and in cities around the world in March for Science events timed for Earth Day. The rallies are intended to promote popular interest in science, recognize scientific achievements, and protest the Trump administration’s proposed cuts to research funding as well as policy-making around issues…

O’Reilly Out At Fox News Amid Sex Harassment Scandal

Bill O’Reilly has lost his job at Fox News Channel following reports that five women had been paid millions of dollars to keep quiet about harassment allegations. 21st Century Fox issued a statement Wednesday that “after a thorough and careful review of the allegations, the company and Bill O’Reilly have agreed that Bill O’Reilly will…

President Trump to Sign ‘Buy American, Hire American’ Order

President Donald Trump will sign an executive order Tuesday calling for the end of America’s lottery system for H-1B work visas in favor of a merit-based system, Axios reports. The “Buy American, Hire American” order will look to scrap the existing visa application system, which enters applicants into a lottery for limited number of visas.…

South Korean Prosecutors Indict Ex-President Park On Corruption Charges

On Monday, prosecutors in South Korea announced that they have indicted former President Park Geun-hye on corruption and abuse of power charges that could send her to jail for life. Park, 65, was impeached in December, formally removed from office March 10, and arrested March 30 amid a national scandal that has also swept up…

Trump Reverses On NATO: “No Longer Obsolete”

On Wednesday, President Trump publicly contradicted several long-stated policy views, bringing his stances more in line with Washington orthodoxy. Meeting with NATO Secretary General Jens Stoltenberg, Trump said of the military alliance: “I said it was obsolete. It’s no longer obsolete.” A week after calling China the “world champion” of currency manipulation, a common refrain…

Trump Undercuts Top Adviser Bannon

Trump On Bannon: ‘I’m My Own Strategist’ In an interview with the New York Post on Tuesday, President Trump appeared hesitant to fully back White House Chief Strategist Steve Bannon, as the latter has apparently been bad-mouthing Trump’s son-in-law and adviser, Jared Kushner. Trump was asked if he still has confidence in Bannon and said:…

Paul Manafort Firm Received Ukraine Payout Money Laundering

New financial records reportedly show that at least $1.2 million in payments listed on a handwritten ledger in Ukraine were received by former Trump campaign chairman Paul Manafort’s consulting firm in the U.S., the Associated Press reported on Wednesday. Investigators in Ukraine have called the “Black Ledger,” and the listed payments from 2007 and 2009,…

FBI Obtained FISA Warrant To Monitor Ex-Trump Adviser Carter Page

Last summer, the FBI applied for and was granted a secret court order allowing agents to monitor the communications of Carter Page, a foreign policy adviser to candidate Donald Trump, “after convincing a Foreign Intelligence Surveillance Court judge that there was probable cause to believe Page was acting as an agent of a foreign power,…

Senate Confirms Neil Gorsuch To Supreme Court

The U.S. Senate confirmed Neil M. Gorsuch to serve on the U.S. Supreme Court, capping more than a year of bitter partisan bickering over the ideological balance of the nation’s highest court. Senators voted to confirm Gorsuch, 49, a Denver-based judge on the U.S. Court of Appeals for the 10th Circuit, who will become the…

Economy Created Just 98,000 Jobs In March, Missing Expectations

The U.S. economy added just 98,000 non-farm jobs in March, falling significantly short of the 185,000 new jobs economists polled by MarketWatch had predicted. Despite the weak gains, the unemployment rate fell to 4.5 percent from 4.7 percent, hitting the lowest level in nearly a decade. The Labor Department’s Friday report also cut the estimate…

U.S. Told Russia About Syria Strikes in Advance

Russia confirmed Friday that it received advanced warning from the U.S. about its strike on Syria, in which the United States launched 59 Tomahawk cruise missiles in the first American assault on President Bashar al-Assad’s regime. Moscow condemned the strike and gave notice that Russia is pulling out of all agreements to minimize risk of…

Trump: I Think Susan Rice Committed Crime, Declines To Provide Proof

President Trump said in a Wednesday interview with The New York Times that he believes former national security adviser Susan Rice committed a crime in allegedly seeking to unmask the identities of Trump associates mentioned in intercepted communications. “I think it’s going to be the biggest story,” the president told the Times, though he declined…

Morning Joe Rips Trump For Blaming Syrian Gas Attack On Obama

Wednesday morning Joe Scarborough blasted President Trump decision to blame Tuesday’s horrific chemical weapon attack in Syria on former President Barack Obama. On Tuesday, White House Press Secretary Sean Spicer blamed the attack on former President Barack Obama, saying the strike was “a consequence of the past administration’s weakness and irresolution.” Scarborough went after him…

Tillerson: ‘No Comment’ On North Korea After 6th Missile Launch

U.S. officials said Tuesday that North Korea launched a KN-15 missile into the Sea of Japan. This latest test comes days before Chinese President Xi Jinping will meet with President Donald Trump in Florida. The two are expected to discuss North Korea. In response to the latest launch, Secretary of State Rex Tillerson issued a…

Blackwater Founder Met With Putin Pal On Trump’s Behalf [VIDEO]

The crown prince of Abu Dhabi helped arrange a clandestine meeting in the Seychelles islands between Blackwater founder Erik Prince and a Russian close to President Vladimir Putin nine days before President Trump’s inauguration, several U.S., European, and Arab officials told The Washington Post, in an apparent attempt to establish a backchannel between Putin and…