Trump team braces GOP donors for a potential ‘moderate and short’ recession

26th August 2019

President Donald Trump walks on stage to address construction workers in Pennsylvania. Trump and top White House officials are worried about a global economic slowdown that could trigger a U.S. recession. | Andrew Rush/Post-Gazette via AP Economy The White House is weighing cuts to corporate and payroll taxes, among other measures, to cushion the U.S. […]

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Trump dismisses recession warnings: ‘I always find a way to win’

25th August 2019

“I always find a way to win, especially for the people! The greatest political movement in the history of our Country will have another big win in 2020!” the president tweeted. | Alex Brandon/AP Photo President Donald Trump on Friday suggested he will personally stave off any downturn in the U.S. economy, boasting that he […]

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Jerome Powell says Fed prepared to act to sustain recovery

24th August 2019

“It will at times be appropriate for us to tilt policy one way or the other because of prominent risks,” Federal Reserve Chairman Jerome Powell said. | Manuel Balce Ceneta, File/AP Photo Federal Reserve Chairman Jerome Powell said the central bank stands ready to do what is necessary to support the record-long U.S. economic expansion, […]

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‘Gradual’ economic slowdown predicted through 2023

22nd August 2019

The Congressional Budget Office expects U.S. economic growth to slow amid President Donald Trump’s trade poliices. | Alex Brandon/AP Photo U.S. economic growth is expected to “gradually” slow over the next four years under the weight of President Donald Trump’s trade policies, less consumer spending and an ebb in government buying, Congress’ nonpartisan budget scorekeeper […]

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Trump reverses himself on tax cut ideas

21st August 2019

poster=”https://static.politico.com/7a/ba/cf95f470411594da297dfe856f1c/trumptaxes.png” true President Donald Trump on Wednesday backed off his public support for a payroll tax cut or a reduction in capital gains taxes, just 24 hours after saying he would “love to do something” on both fronts. “I’m not looking at a tax cut now,” Trump told reporters on Wednesday as he prepared to […]

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U.S. economic growth slowed in 2018 as consumer rebound was offset by rising trade gap

20th August 2019

President Donald Trump had been quick to celebrate the government’s first report on 2018 growth, but the Commerce Department t lowered its estimate of growth from the fourth quarter of 2017 to the fourth quarter of 2018. | Alex Wong/Getty Images Economy By ASSOCIATED PRESS 07/26/2019 08:55 AM EDT The government says the U.S. economy […]

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U.S. adds a solid 164,000 jobs; unemployment rate stays 3.7%

19th August 2019

The overall U.S. economy remains on firm footing, and last month the expansion became the longest on record. | Scott Olson/Getty Images finance By ASSOCIATED PRESS 08/02/2019 09:59 AM EDT WASHINGTON — U.S. employers slowed their hiring in July but still added a solid 164,000 jobs to an economy that appears poised to extend its […]

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Trump’s top economic advisers try to calm recession fears

18th August 2019

“We have blowout retail sales,“ Larry Kudlow told “Fox News Sunday“ host Dana Perino. | Andrew Harnik/AP Photo Two of President Donald Trump’s top economic advisers sought to tamp down concerns Sunday that the U.S. may be sliding into a recession. In appearances on the Sunday show circuit, White House trade adviser Peter Navarro and […]

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Wall Street sees risk of recession rising

17th August 2019

President Donald Trump has transitioned from boasting about stock market gains to blaming the Federal Reserve for recent declines and softness in the economy. | Richard Drew/AP Photo finance & tax Stock-market volatility is growing and fears of a slowdown are mounting as Trump ramps up his reelection efforts. By BEN WHITE 08/13/2019 05:04 AM […]

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Trump accuses news media of trying to crash the economy

16th August 2019

President Donald Trump’s outburst comes after the Dow Jones Industrial Average suffered its worst day of the year on Wednesday. | Tasos Katopodis/Getty Images President Donald Trump on Thursday baselessly accused the press of trying to tank the American economy, shrugging off any blame for a prospective economic slowdown and possible recession heading into his […]

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