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The Federal Reserve left interest rates unchanged Wednesday and signaled that no more rate hikes may be necessary this year amid signs of economic slowing.
President Trump used his veto pen for the first time Friday. GOP senators who bucked the president in Thursday’s vote said they did so to preserve congressional control over government spending.
President Trump’s 2020 budget proposal, released on Monday, calls for $8.6 billion in new border wall funding, along with increased military spending and deep cuts to domestic programs.
President Trump has suspended a planned increase in tariffs on hundreds of billions of dollars in Chinese imports, after what he called “very productive” trade talks in Washington this weekend.
President Trump is hunting for his third chief of staff in less than two years. So far, he is not finding many takers. “You have to wonder who would want to take this job,” said one scholar.
The patriarch of a political dynasty, Bush was the last World War II vet to serve in the Oval Office. His son George W. called him “one of the greatest one-term presidents in the nation’s history.”
Angered by General Motors’ decision to idle plants and lay off thousands of workers, the Trump administration threatened to retaliate by withholding federal subsidies for the company’s cars.
The fate of Obamacare may hinge on which party wins the midterm elections.
President Trump called for a doubling in the tariff on imported steel and aluminum from Turkey, escalating a diplomatic spat with a key NATO ally.
Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government’s deficit is expected to top $1 trillion next year.