The updated findings from the Congressional Budget Office amounted to the latest dour report card for the president’s signature legislation.
Category: United States Economy
-
Fed’s ‘Wait and See’ Approach Is Intact as New Risks Cloud Economic Outlook
The central bank is set to hold interest rates steady for its fourth straight meeting, a pause that could be extended through the summer.
-
Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’
Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.
-
Stocks Tread Cautiously as Investors Watch Oil Prices
As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply interruptions.
-
Oil Prices Could Climb Higher if Mideast Tensions Escalate
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
-
How Companies Are Bracing for Trump’s Immigration Crackdown
Sectors including construction, hospitality, health care and manufacturing are on high alert. Economists are worried about the labor market and growth.
-
The Art of the Stall: China’s Strategy for Dealing With Trump
Beijing has gained time to build up its own strengths by drawing out negotiations with the United States, using its chokehold over critical minerals.
-
The House’s Policy Bill Would Lose Money. Could Trump’s Tariffs Replace It?
The short answer is probably not, according to multiple forecasters.
-
CPI Shows U.S. Inflation Remains Muted as Tariff Impact Is Limited
The Consumer Price Index rose 2.4 percent in May, from a year ago, a reading that reflects only the initial impact of President Trump’s tariffs.
-
U.S. and China to Meet at Precarious Moment in Trade War
Officials from both sides are set to talk on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.
-
Trump’s Pledge to Not Tax Overtime Could Become Federal Law
Once a seemingly offhand remark at a campaign rally, President Trump’s pledge to not tax overtime could become federal law.