Economic adviser Kevin Hassett dismissed economic bedwetters, saying strong spending bodes well for the economy. White House economic adviser Kevin Hassett said Sunday that record Black Friday sales underscore the administration’s optimism on economic growth despite concerns around tariffs and inflation. Hassett, the director of the White House National Economic Council, cited what he said … Read more
The president denied the state’s request for federal aid to rebuild power lines after a fierce ice storm last March, a move that could force thousands of rural electricity customers to pay the entire tab. ONAWAY, Michigan — A recent decision by President Donald Trump to deny disaster aid to two electric utilities in rural … Read more
The president says Thanksgiving food prices are down. But Americans are still feeling stretched thin by their grocery costs. President Donald Trump keeps saying the cost of a Thanksgiving meal is cheaper this year. It might not be the winning message he thinks it is. Sure, consumers are seeing savings on their table centerpiece, with … Read more
Renewed U.S. pressure for the EU to recalibrate its digital rules is unacceptable, says Teresa Ribera. BRUSSELS — Europe’s antitrust chief Teresa Ribera has unleashed a blistering attack on the Trump administration, accusing Washington of using “blackmail” to strong-arm the EU into watering down its tech rulebook. Commerce Secretary Howard Lutnick said on Monday in … Read more
Washington argues U.S. companies would invest more in the EU if it rolls back its digital rule book. BRUSSELS — The EU’s push for the U.S. to scrap its tariffs on steel and aluminum has opened the door to an old demand from Washington: Loosen your digital rule book, and we’ll meet you halfway. Brussels … Read more
The president is under fire from Democrats for what they say is his failure to bring down prices, and polls show voters lack confidence in his economic leadership. The Federal Reserve is poised to frustrate President Donald Trump. Again. Central bank policymakers are increasingly split over whether they should lower interest rates in December, with … Read more
Sen. Ron Wyden is accusing the bank of failing to report suspicious activity involving Epstein’s accounts. Sen. Ron Wyden (D-Ore.) on Thursday released a memorandum accusing JPMorgan Chase of underreporting suspicious activity involving Jeffrey Epstein and calling for the bank be further investigated over its relationship with the late convicted sex offender. The memo, prepared … Read more
A major political committee taking out this large of a loan so far removed from a major election is unusual. The Democratic National Committee took out $15 million in loans in October, according to a new filing with the Federal Election Commission submitted on Thursday. The national party committee framed the line of credit as … Read more
The White House already slashed tariffs on other global food imports last week as it works to lower grocery prices. President Donald Trump on Thursday eliminated tariffs on a large swath of Brazilian agricultural goods, including beef and coffee, dropping steep tariffs he imposed this summer as he feuded with Brazil’s government and President Luiz … Read more
The way Europe promotes exports of traditional local produce is loathed by competitors in the U.S. and Australia. But other trade partners are copying it. AOSTA, Italy — The 380,000 wheels of Fontina PDO cheese matured each year are tiny in number compared to the millions churned out by more famous rivals — but that … Read more