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…
Read MoreEconomy
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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Economy Showing ‘Signs of Life,’ Fed Official Says
Still in a “tentative” stage, she added. Esther George, the President of the Kansas City Federal Reserve, said the economy is beginning to show “signs of life,” and…
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Small Business Relief Being Considered by White House
An executive order would circumvent Congress. The White House is considering executive action to help small businesses by extending an expired loan relief program or providing other financial…
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U.S. Partners with Norway for Energy Knowledge Sharing
Joint effort will have nations working together for offshore resource extraction. President Trump’s administration announced this week that the Department of the Interior had formalized a partnership with…
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U.S. and China Trade Talks Postponed
They had plans to review progress of Phase I deal. According to Chinese officials, senior American and Chinese negotiators will soon discuss progress on the first phase trade…
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