Latest Economic policy News

President Donald Trump shakes hands with Chinese Vice Premier Liu He, after signing a trade agreement in the East Room of the White House, Wednesday, Jan. 15, 2020, in Washington. (AP Photo/Evan Vucci)

Trump to promote China, Mexico-Canada trade deals to farmers

Jan. 19, 2020 1:14 PM EST

WEST PALM BEACH, Fla. (AP) — President Donald Trump is expected to discuss new U.S. trade agreements with its North American neighbors and with China during an appearance Sunday at a convention of American farmers. When Trump spoke to the American Farm Bureau Federation's convention last year, he urged...

U.S. Trade Representative Robert Lighthizer, center, and members of his staff leave the U.S. Capitol, Thursday, Jan. 16, 2020. Earlier the Senate overwhelmingly approved a new North American trade agreement that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention ti his impeachment trial. (AP Photo/Pablo Martinez Monsivais)

Even as Trump claims two victories on trade, doubts remain

Jan. 19, 2020 11:20 AM EST

WASHINGTON (AP) — President Donald Trump’s trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. And his trade pact with Canada and Mexico, approved Thursday by the Senate, could help restore some auto production in the United...

Anti Brexit campaigner Steve Bray demonstrates outside Parliament in London, Wednesday, Jan. 15, 2020. Britain is due to leave the European Union on Jan. 31. (AP Photo/Kirsty Wigglesworth)

UK treasury chief: Some businesses may hurt after Brexit

Jan. 18, 2020 4:12 PM EST

LONDON (AP) — The British government has announced plans for special events on the night of Jan. 31 when the country officially leaves the European Union but the country's treasury chief has admitted that some U.K. business sectors will suffer as a result. Sajid Javid told the Financial Times in an...

Senators want HUD to address radon in subsidized housing

Jan. 18, 2020 11:30 AM EST

PORTLAND, Maine (AP) — Independent Sen. Angus King of Maine is part of a group of senators taking the U.S. Department of Housing and Urban Development to task for failing to protect public housing residents from radon gas. The bipartisan group is requesting a meeting with agency Secretary Ben Carson to...

Winemakers wary of impending tariffs

Jan. 18, 2020 10:02 AM EST

SALEM, Ore. (AP) — Most years, January is a month of glory for the wine industry — celebrating the harvest and holiday sales of the previous year and gearing up for the next season. But for U.S. winemakers, January 2020 is a time of panic as the industry girds itself for the Trump...

In this Jan. 15, 2020, photo, President Donald Trump hands a pen to Chinese Vice Premier Liu He after signing

AP FACT CHECK: Trump's compulsive claims of 'biggest' ever

Jan. 18, 2020 8:11 AM EST

WASHINGTON (AP) — Size matters to President Donald Trump. So much that he exaggerates continually, sometimes spectacularly, the size of what he does. Just as his tax cuts are far from the biggest in history, the economy isn't the best ever and his election victory in 2016 was no landslide of historic...

Report: Idaho has 6th-highest growth in corrections spending

Jan. 18, 2020 3:10 AM EST

BOISE, Idaho (AP) — Idaho has the sixth-highest growth rate for spending on corrections in the last 25 years, and with the state’s governor proposing a 12.1% budget increase for the Idaho Department of Correction, the department’s director says the state is at a “critical...

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

FILE - In this Dec. 17, 2019, file photo, Oklahoma Gov. Kevin Stitt gestures during a news conference in Oklahoma City. A state panel that includes appointees of Stitt has approved more taxpayer subsidies for the Jenks-based company the governor founded and ran until after his election in 2018. The three-member Quality Jobs Program Incentive Approval Committee on Thursday, Jan. 16, 2020, voted unanimously to approve an application from Gateway First Bank. The contract was first reported by the online publication The Frontier. (AP Photo/Sue Ogrocki, File)

Taxpayer money approved for Oklahoma governor's ex-company

Jan. 17, 2020 3:08 PM EST

OKLAHOMA CITY (AP) — A state panel that includes appointees of Oklahoma Gov. Kevin Stitt has approved more taxpayer subsidies for the Jenks-based company the governor founded and ran until after his election in 2018. The three-member Quality Jobs Program Incentive Approval Committee on Thursday voted...

In this Jan. 3, 2020, photo, workers make sneakers in a factory in Jinjiang city in southeastern China's Fujian province. China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday, Jan. 17, showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending in December held steady at the previous quarter’s level of 6%. (Chinatopix Via AP)

China's 2019 economic growth weakens amid trade war

Jan. 17, 2020 12:10 PM EST

BEIJING (AP) — China’s economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. The world’s second-largest economy grew by 6.1%, down from...