Bloomberg News

Government, Business

Trump Says He’ll Ask Congress for Additional Economic Stimulus

President Donald Trump speaks in Rose Garden June 5, 2020 President Donald Trump speaks in the Rose Garden of the White House June 5. White House chief economic adviser Larry Kudlow (left) and Labor Secretary Eugene Scalia (top right) listen. (Evan Vucci/Associated Press)

President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment June 5.

June 5, 2020
Government, Business

China Behind on Purchases in Phase One of Trade Deal

Baby pigs stand in a pen at the Paustian Enterprises farm in Walcott, Iowa Baby pigs stand in a pen at the Paustian Enterprises farm in Walcott, Iowa. China needs pork because its own hog herd has been devastated by African Swine Fever. (Daniel Acker/Bloomberg News)

President Donald Trump’s promise that his phase one trade deal with China would provide a $36.5 billion election-year bonanza for his rural base was always a stretch. Now it looks like it may never be fulfilled.

June 5, 2020
Government, Business, Top 100

Trump Says Trucking CEOs to Help Advise on Economic Recovery

President Trump speaks at an April 14 Coronavirus Task Force press briefing Trump holds a Coronavirus Task Force press briefing in the White House Rose Garden April 14. (c-span.org)

American Trucking Associations President Chris Spear is among the prominent business executives tapped by President Donald Trump to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.

April 14, 2020
Government, Business

Pelosi Pulls Back on Infrastructure in ‘Phase Four’ Stimulus

House Speaker Nancy Pelosi House Speaker Nancy Pelosi (D-Calif.) speaks to the media after the House passed the CARES Act. (Sarah Silbiger/Bloomberg News)

House Speaker Nancy Pelosi scaled back her ambitions for Congress’ next coronavirus stimulus package to focus on additional direct payments to individuals and expanded loans to businesses, possibly leaving an $800 billion infrastructure plan and other Democratic priorities for a later bill. (With video)

April 3, 2020
Government, Business

Trump Pushes $1.2 Trillion Stimulus, $1,000 Checks in Two Weeks

President Trump listens during a meeting with tourism industry executives at the White House on March 17. President Trump listens during a meeting with tourism industry executives at the White House on March 17. (Kevin Dietsch/Bloomberg News)

The Trump administration is discussing a plan that could amount to as much as $1.2 trillion in spending — including direct payments of $1,000 or more to Americans within two weeks — to blunt some of the economic impact of the widening coronavirus outbreak.

March 17, 2020
Government, Business

Stocks Plunge 12% in Biggest Rout Since 1987

Markets plunge 12% on March 16, 2020 Trader Peter Tuchman works on the floor of the New York Stock Exchange March 16. (Craig Ruttle/Associated Press)

The stomach-turning ride on global financial markets took a dramatic turn March 16, with U.S. stocks plunging the most since 1987 after President Donald Trump warned the economic disruption from the virus could last into summer.

March 16, 2020
Government, Business

Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero

Federal Reserve building in Washington, D.C Federal Reserve office building in Washington, D.C. (Patrick Semansky/AP)

U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.

March 15, 2020
Business, Top 100

Amazon Lifts Restriction on Sellers Using FedEx to Ship Packages

FedEx workers unload package FedEx workers unload packages from a truck in New York City in December. (Michael Nagle/Bloomberg News)

Amazon .com Inc. lifted restrictions established during the holiday shopping season that had prevented third-party merchants selling goods on the site from shipping packages with FedEx Corp.’s ground service.

January 14, 2020
Government, Business

Pelosi, White House Have Tentative Deal on USMCA

Nancy Pelosi Nancy Pelosi by J. Scott Applewhite/Associated Press

The Trump administration and House Democrats are on the verge of announcing a handshake deal on the U.S.-Mexico-Canada free trade agreement, according to people familiar with the negotiations, paving the way for approval of the deal as early as this month while Democrats gear up for an impeachment vote.

December 9, 2019
Government, Business, Equipment

Steel Rules for Cars Stall Progress on USMCA Agreement

Ford Rogue plant Ford Rogue plant in Dearborn, Mich. (Sean Proctor/Bloomberg News)

The rules governing the use of steel and aluminum in cars have emerged as the latest obstacle to completing a revised NAFTA deal between the U.S., Mexico and Canada in time for congressional approval by year’s end.

December 6, 2019

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