Tag: Economic policy

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: I Thought Being President ‘Would Be Easier’

President Trump has admitted that running the country is not quite as easy as he thought it would be. In an interview with Reuters published Thursday, Trump opened up about his impressions from his first 100 days in the White House, saying he feels like he’s in his “own little cocoon” and misses driving. “I…

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…

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…

Jared Kushner Omitted Russia Meetings on Security Forms

President Trump’s son-in-law, Jared Kushner, is reported to have omitted dozens of contacts with foreign officials and leaders in recent months on his top-secret security-clearance application form. In order to get clearance, Kushner, according to The New York Times, was required to note all such encounters with foreign governments over the past seven years, but…

Trump’s First Budget Seeks Deep Cuts To Everything But Military, Border

President Trump unveiled his 2018 budget proposal Thursday, providing the clearest view yet of the policies he wants to use to deliver on his campaign promises. The plan includes a $54 billion increase in defense spending and a substantial bump for border security, while calling for deep cuts to most federal agencies, including roughly 30…

Obama Policies Created 235,000 Jobs Last Month

Nonfarm employers added a seasonally adjusted 235,000 jobs in February, above economists’ expectations for a 197,000 gain. Employers added a revised 238,000 in January for the best back-to-back performance since June and July 2016. One area of strength those two months: construction jobs. Over the past three months, total job growth has averaged 209,000. That…

DHS Has Just $20 Million For Trump’s Border Wall

The White House has said construction could begin quickly on President Trump’s border wall using “existing funds and resources” from the Department of Homeland Security, but a DHS document says the agency so far has identified just $20 million that could be redirected to the project, Reuters reported Wednesday. The document, which was given to…

Billionaire Wilbur Ross Wins Senate Confirmation

President Trump’s nominee for U.S. commerce secretary won Senate confirmation on Monday, paving the way for work to begin on renegotiating trade deals with China and Mexico. Billionaire Wilbur Ross was confirmed with a Senate vote of 72-27, with support from 19 Democrats. Ross will now be at the helm of an agency with over…

American Automakers To Meet With Trump Tuesday

President Donald Trump meets Tuesday with the CEOs of General Motors, Ford, and Chrysler in the Oval Office. “I want new plants to be built here for cars sold here!” Trump tweeted Tuesday. Trump made a point on the campaign trail of slamming American automakers for importing cars from Mexico and vowed a border tax…

Obama Lifts US Embargo On Lethal Arms Sales To Vietnam [VIDEO]

President Barack Obama has announced the US is fully lifting its embargo on sales of lethal weapons to Vietnam, its one-time enemy. Speaking during a visit to communist Vietnam and talks with its leaders, Mr Obama said the move removed a “lingering vestige of the Cold War”. The US is trying to bolster its relationship…

Fed Raises Rates For First Time Since 2006, Markets Climb

The Federal Reserve raised interest rates Wednesday for the first time in nearly a decade. The central banking committee unanimously voted to move the target range for the federal funds rate to a 0.25-0.5 percent range, up from a 0-0.25 range. “The committee judges that there has been considerable improvement in labor market conditions this…

Obama signs trade, worker assistance bills into law

President Barack Obama has signed into law two hard-fought bills giving him greater authority to negotiate international trade deals and providing aid to workers whose jobs are displaced by such pacts. The measures were politically linked to secure bipartisan support for the trade legislation. They set the stage for the conclusion of a 12-nation Pacific…

Obama Signs Order To Begin $85B In Sequester Spending

President Obama on Friday signed an order that starts putting into effect across-the-board budget cuts known as the “sequester” after he and congressional leaders failed to find an alternative budget plan. The President, after an Oval Office meeting with the lawmakers, called the cuts “just dumb.” He said they would slow the economic recovery and…