President promises more tax cuts, others cry for more federal aid. According to a new Gallup poll, registered voters ranked the economy as the top issue for the…
Read MoreEconomy
Treasury Reports Increase in U.S. Debt for Fiscal Year
$3 trillion dollar deficit surpasses previous records. In their monthly report last week, the U.S. Department of the Treasury announced the debt left behind as the country sought…
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Justice Department Updates Merger Remedies Guidelines
The rules have remained unchanged for nearly 10 years. The Department of Justice announced on Friday that it would be updating its merger remedies guidelines. These rules determine…
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U.S. Unemployment drops below 9%
1.4 million jobs were added in August. In August the unemployment rate in the United States dropped below 9% for the first time since the COVID-19 pandemic knocked…
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Happy Labor Day
President Trump proclaims Labor Day, 2020. For wisdom for the president and administration officials as they work towards economic recovery during the ongoing COVID-19 outbreak. For rest and…
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U.S. Sees Highest Trade Deficit in 12 Years
Imports increase at record-breaking levels. The Department of Commerce released its data on the relationship between the United States imports and exports on Thursday. The trade deficit is…
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Serbia and Kosovo Sign Historic Deal at White House
Agreement also involves relationships with Israel. On Friday, President Trump oversaw the signing of an agreement between Serbia and Kosovo that normalizes economic relations between the two nations.…
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Pelosi and Mnuchin Agree to Keep Government Funded
Stop-gap measure will avert October 1 shutdown. Speaker of the House Nancy Pelosi and Treasury Secretary Steven Mnuchin have informally agreed to keep a stop-gap government-wide funding bill…
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Weekly Jobless Claims Stay Below 1 Million
Drop was more than expected. The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19…
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Federal Reserve Announces Policy Changes
Prepared to accommodate a higher level of inflation. Federal Reserve Chairman Jerome Powell announced last week that inflation rates will now be allowed to exceed its previously held…
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