Tag: United States Economy

Trump Tantrums the Dems Out of a Trap

I gotta say, it was very clever of Nancy Pelosi to steal Donald Trump’s strawberries, pushing him over the edge into self-evident lunacy. As everyone knows, Trump stormed out of a meeting on infrastructure, apparently out of uncontrollable rage over Pelosi’s remarks pointing out that the administration’s stonewalling on all fronts, including raw defiance of […]

Read More

What Might It Take to Get Harriet Tubman on the $20 Bill?

You’re reading In Her Words, where women rule the headlines. Sign up here to get it delivered to your inbox. Let me know what you think at dearmaya@nytimes.com. “I should fight for my liberty as long as my strength lasted.” — Harriet Tubman, an American abolitionist leader Harriet Tubman escaped slavery in the mid-1800s before […]

Read More

Many Adults Would Struggle to Find $400, the Fed Finds

Four in 10 American adults wouldn’t be able to cover an unexpected $400 expense with cash, savings or a credit-card charge that could be quickly paid off, a new Federal Reserve survey finds. About 27 percent of people surveyed would need to borrow or sell something to pay for such a bill, and 12 percent […]

Read More

What Reparations for Slavery Might Look Like in 2019

If you’re surprised that the issue of reparations for black Americans has taken so long to resolve, blame the president. President Andrew Johnson. As the Civil War wound down in 1865, Gen. William T. Sherman made the promise that would come to be known as “40 acres and a mule” — redistributing a huge tract […]

Read More

Fed Minutes Show Officials in No Rush to Change Interest Rates

Federal Reserve officials were in no rush to change interest rates as of their last meeting, even if the economy continued to strengthen, and some were worried about persistently low inflation, minutes from their April 30 to May 1 policy meeting show. Inflation eased to 1.6 percent annually in March, well below the Fed’s goal […]

Read More

The Economy Is Strong. So Why Do So Many Americans Still Feel at Risk?

President Trump is running for re-election on the strength of the economy, and why not? The unemployment rate is lower than it’s been in five decades. The stock market is booming. Overall economic growth has been steady. There’s just one problem: Voters are not particularly enthused about it. Recent polls suggest a substantial majority of […]

Read More

The Economy Is Strong and Inflation Is Low. That’s What Worries the Fed.

WASHINGTON — America’s job market is booming and the economy is strong, but that combination is not raising prices the way it used to. Biscuit Head, a North Carolina restaurant chain serving up gravy flights and homemade jam, would be charging more if the previous economic relationships held up. At 3.3 percent, unemployment in Asheville, […]

Read More

America Needs Huawei

An executive order signed by President Trump on Wednesday may lay the groundwork for a ban on the sale of Huawei’s equipment in the United States by declaring a “national emergency.” Additionally, an order issued by Commerce Secretary Wilbur Ross that goes into effect today will prevent Huawei — the world’s leading telecom equipment provider […]

Read More

U.S. Birthrate Drops 4th Year in a Row, Possibly Echoing the Great Recession

The United States’ birthrate fell for a fourth consecutive year in 2018, bringing the number of people born in the country to its lowest level in 32 years, according to provisional figures published on Wednesday by the federal government. It said the fertility rate in the United States also fell to a record low. There […]

Read More

How to Prepare for the Next Recession: Automate the Rescue Plan

ImageSolar panels at Nellis Air Force Base in the Las Vegas area. In 2009, the Obama administration pointed to the project as a success it wanted to emulate with its stimulus plan.CreditAirman 1st Class Nadine Y. Barclay/U.S. Air Force When the economy goes south, the United States traditionally has two ways of dealing with it. […]

Read More

The Global Economy Was Improving. Then the Fighting Resumed.

LONDON — In ordinary times, worries about the health of the global economy tend to prompt leaders of the largest countries to join forces in pursuit of safety. These are not ordinary times. The biggest threat to global fortunes has become the intensifying conflict between the two largest economies on earth, the United States and […]

Read More

Trump’s Tariffs, Once Seen as Leverage, May Be Here to Stay

WASHINGTON — President Trump’s tariffs were initially seen as a cudgel to force other countries to drop their trade barriers. But they increasingly look like a more permanent tool to shelter American industry, block imports and banish an undesirable trade deficit. More than two years into the Trump administration, the United States has emerged as […]

Read More

The New New World: In China, Some Fear the End of ‘Chimerica’

Wu Shichun is one of countless Chinese entrepreneurs who over the past four decades have prospered from access to American customers and money. Today, as the American government threatens to take that away, the serial entrepreneur and venture capital investor is fundamentally rethinking how he does business. One of his portfolio companies designs and makes […]

Read More

China Retaliates With Higher Tariffs as Trump Defends U.S. Approach

WASHINGTON — The United States and China escalated their trade fight on Monday as Beijing moved to raise tariffs on $60 billion worth of American goods in retaliation for President Trump’s decision to punish China with higher tariffs on a slew of imports. China’s finance ministry announced that it was raising tariffs on a wide […]

Read More

Former Top Financial Regulators Warn Against Move to Ease Oversight of Firms

Two former Treasury secretaries joined two former Federal Reserve leaders on Monday to warn that the Trump administration’s efforts to relax oversight of certain financial firms could seriously threaten the stability of America’s financial system. The stark warning came two months after a federal oversight panel said it planned to stop designating large, non-bank financial […]

Read More

Trump’s Trade War Escalation Will Exact Economic Pain, Adviser Says

WASHINGTON — President Trump’s chief economic adviser said on Sunday that American consumers would bear some pain from the escalating trade war with China, contradicting Mr. Trump’s claim that his tariffs are a multibillion-dollar, mostly one-way payment by China to the American Treasury. The comments from Larry Kudlow, the director of the National Economic Council, […]

Read More

Kudlow Breaks With Trump, Saying ‘Both Sides Will Pay’ in Trade War With China

WASHINGTON — President Trump’s chief economic adviser said on Sunday that American consumers would bear a burden from the escalating trade war with China, contradicting Mr. Trump’s claim that his tariffs were a multibillion-dollar, one-way payment by China to the United States Treasury. The adviser, Larry Kudlow, made his comments two days after negotiations for […]

Read More

Trump Has a Strong Economy to Proclaim. In Wisconsin, It Just Might Work.

COLFAX, Wis. — President Trump came to Wisconsin late last month to boast about the state’s unemployment rate, which has been at or near 3 percent for more than a year. “It’s never been this low before. Ever, ever, ever,” he said. (Fact check: true.) It’s a message that strikes a chord with Bubba Benson, […]

Read More