Trump Wont Kill Off Germanys Trade Surplus
August 11, 2018

Germany’s trade surplus is likely to stay large no matter how hard Donald Trump tries to make it disappear.

The U.S. president has accused his ancestral homeland — his grandfather was a German immigrant — of unfair trade practices and Continue reading

Plain English Powell Praises U.S. Economy After Rate Hike
June 15, 2018

Federal Reserve Chairman Jerome Powell signaled growing optimism on the U.S. economy while trying to reassure investors that the central bank would not derail the country’s second-longest expansion by aggressively tightening monetary policy.

Fed officials on Wednesday raised interest rates Continue reading

Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs
March 13, 2018

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.

Cohn didn’t mention the dispute in a statement distributed Continue reading

The Middle Class Might Not Even Notice If the GOP Cuts Their Taxes
January 9, 2018

A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice.

The 2009 economic-stimulus bill contained a one-year tax break worth $800 for married couples in 95 percent of working Continue reading

Americas Inequality Machine Is Sending the Dow Soaring
January 5, 2018

The Great Recession is a speck in the rear-view mirror for America’s financial markets. They’ve advanced far beyond pre-crisis levels. In fact, Goldman Sachs says you can go back a century before 2008, and still not find a “bull market Continue reading

Trump’s Tax Promises Undercut by CEO Plans to Help Investors
December 1, 2017

Major companies including Cisco Systems Inc., Pfizer Inc. and Coca-Cola Co. say they’ll turn over most gains from proposed corporate tax cuts to their shareholders, undercutting President Donald Trump’s promise that his plan will create jobs and boost wages Continue reading

Trump’s Change of Heart Puts $1 Trillion Building Plan in Limbo
October 10, 2017

Donald Trump’s infrastructure guru spent part of Sept. 26 at a conference in Washington promoting the president’s $1 trillion plan to rebuild the nation’s crumbling roads, bridges and airports relying in part on public-private partnerships. The same day, across town, Continue reading