Toluse Olorunnipa

Government, Business

White House Says Shutdown Trims 0.1% From GDP Every Two Weeks

US Capitol US Capitol building (Andrew Harrer/Bloomberg News)

The ongoing partial government shutdown will cut U.S. economic output by about 0.1% every two weeks, the chairman of the White House Council of Economic Advisers said.

Toluse Olorunnipa | Bloomberg News
January 3, 2019
Government, Business

Democrats Pull Out of Trump Meeting After He Says Deal to Avoid Shutdown Is Unlikely

President Donald Trump Andrew Harrer/Bloomberg News

The top two Democratic leaders in Congress pulled out of a meeting with President Donald Trump Nov. 28 after he tweeted that a budget deal with them was unlikely, raising the odds that the U.S. government will partially shut down next week.

Toluse Olorunnipa | Bloomberg News
November 28, 2017
Government, Business

Trump Revamps US Trade Focus by Pulling Out of Pacific Deal

J. Scott Applewhite/Pool via Bloomberg News

President Trump abruptly ended the decades-old U.S. tilt toward free trade by signing an executive order to withdraw from an Asia-Pacific accord that was never ratified and by promising to renegotiate the North American Free Trade Agreement.

Toluse Olorunnipa | Bloomberg News
January 23, 2017