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Investors Hope Powell's Speech Offers Clarity. But Will It?

Investors Hope Powell's Speech Offers Clarity. But Will It?

By Martin Crutsinger | Aug 23
Against the backdrop of a vulnerable economy, Federal Reserve Chairman Jerome Powell takes center stage Friday with the financial world seeking clarity on whether last month's first Fed rate cut in a decade likely marked the start of a period of easier cr

Report Shows U.S. Deficit to Exceed $1 Trillion Next Year

Report Shows U.S. Deficit to Exceed $1 Trillion Next Year

By Kevin Freking | Aug 22
The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer.

Powell May Signal Future Rate Cuts, but Would They Matter?

Powell May Signal Future Rate Cuts, but Would They Matter?

By Martin Crutsinger | Aug 22
Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do — or can do — to strengthen the economy and restore confidence at a time of nagging uncertainties and global weaknesses.

U.S. Airlines Expect Record Crowds Over Labor Day Weekend

U.S. Airlines Expect Record Crowds Over Labor Day Weekend

By David Koenig | Aug 21
Airlines expect record crowds over the week-long Labor Day period, continuing a rise in travel that has boosted the airlines' profits all year.

Trump Acknowledges China Policies May Mean U.S. Economic Pain

Trump Acknowledges China Policies May Mean U.S. Economic Pain

By Kevin Freking and Josh Boak | Aug 21
President Donald Trump acknowledged his aggressive China trade policies may mean economic pain for Americans but insisted they're needed for more important long-term benefits.

Boris Johnson Again Demands EU Re-Open Negotiations

Boris Johnson Again Demands EU Re-Open Negotiations

Aug 20
British Prime Minister Boris Johnson has demanded that the European Union reopen Brexit negotiations, scrapping "anti-democratic" provisions for the Irish border that he says would threaten the peace process in Northern Ireland.

Could a Tax on Stock Trades Pay Off the Nation's Student Debt?

Could a Tax on Stock Trades Pay Off the Nation's Student Debt?

By Melissa Knox University of Washington | Aug 20
If several of the Democratic candidates for president have their way, student debt will be a thing of the past — at least for current student loan borrowers. They are on to something. The nation's student debt problem is an issue that needs solving.

74% of Economists in Survey See U.S. Recession By End of 2021

74% of Economists in Survey See U.S. Recession By End of 2021

By Marcy Gordon | Aug 20
A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.

Census Figures Show Economic Gap Narrows with Citizenship

Census Figures Show Economic Gap Narrows with Citizenship

By Mike Schneider | Aug 20
Foreign-born residents had higher rates of full-time employment than those born in the United States last year, and naturalized immigrants were more likely to have advanced degrees than the native-born, according to figures released Monday.

White House Insists 'Fundamentals' of US Economy are Strong

White House Insists 'Fundamentals' of US Economy are Strong

Aug 20
The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection.

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