The latest report was a disappointing showing that will stoke fears the economy is softening as the Trump administration’s trade war with China and potentially Mexico escalates. The Federal Reserve has signaled that it would consider a rate cut in the event of economic weakness, and May’s data is likely to be an important factor in their decisions.
The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children’s programs. The run-up in borrowing costs is a one-two punch brought on by the need to finance a fast-growing budget deficit, worsened by tax cuts and steadily rising interest rates that will make the debt more expensive.
President Trump is facing a test to his presidency unlike any faced by a modern American leader. The dilemma — which he does not fully grasp — is that many of the senior officials in his own administration are working diligently from within to frustrate parts of his agenda and his worst inclinations.
The company controlled by the family of the White House adviser Jared Kushner is close to receiving a bailout of its financially troubled flagship building by a company with ties to the government of Qatar, according to executives briefed on the deal.
Before 2010, private lenders made most student loans. But during the financial crisis student lending seized up, and in response Congress effectively nationalized the program. Today, the federal Department of Education makes about 90 percent of all student loans (including loans to parents and graduate students). The old system included big government subsidies to private lenders. Congress and the Obama administration directed that money to income-driven repayment and Pell Grants instead.
A lawyer for President Trump broached the idea of Mr. Trump pardoning two of his former top advisers, Michael T. Flynn and Paul Manafort, with their lawyers last year, according to three people with knowledge of the discussions.
The judgment by the Congressional Budget Office did not back up the president’s promise of providing health care for everyone but may help bring in rebellious conservatives. The House Republican plan to replace the Affordable Care Act would increase the number of people without health insurance by 24 million by 2026, while slicing $337 billion off federal budget deficits over that time, the nonpartisan Congressional Budget Office said Monday.
The city’s tourism marketing agency, NYC & Company, says that 300,000 fewer international travelers are expected to visit the city this year than in 2016. For the first time in seven years, New York City officials expect the number of foreign visitors to decrease, a drop they attribute to the protectionist policies and rhetoric of President Trump - saying that those moves are scaring off many of the visitors who have helped fuel the city’s robust growth since the last recession.
President Trump on Friday moved to chisel away at the Obama administration’s legacy on financial reform, announcing a series of steps to revisit the rules enacted after the 2008 financial crisis and setting the stage for a showdown with Democrats over the future of Wall Street regulation. The rule’s supporters, including Democratic lawmakers and consumer groups, describe it as a basic consumer protection that can prevent brokers from taking advantage of vulnerable clients.
President-elect Donald J. Trump’s choice for White House budget director, Mick Mulvaney failed to pay more than $15,000 in payroll taxes for a household employee, he admitted in a statement to the Senate Budget Committee, the sort of tax compliance issue that has derailed cabinet nominees in the past.
President-elect Donald J. Trump, who campaigned against the corrupt power of special interests, is filling his transition team with some of the very sort of people who he has complained have too much clout in Washington: corporate consultants and lobbyists.
Donald J. Trump’s lawyers agreed on Thursday to enter settlement talks in a class-action fraud lawsuit involving the president-elect and Trump University, now defunct, raising the possibility of a quick end to the six-year-old case just before it goes to trial. The lawsuit says Trump University gave seminars and classes under the guise of being an accredited school and pressured people to spend up to $35,000 on mentorships.
Hillary Clinton and her allies sprang onto a war footing on Saturday, opening a ferocious attack on the F.B.I.’s director, James B. Comey, a day after he disclosed that his agency was looking into a potential new batch of messages from her private email server.
A new release by WikiLeaks reveals how efforts to limit potential conflicts led to infighting among advisers in the years before Mrs. Clinton announced her 2016 candidacy. One top aide to Mr. Clinton, Douglas J. Band, noted in an email that the former president had received personal income from some foundation donors and “gets many expensive gifts from them.”
Conservatives in the factionalized Republican Party are already fanning the flames for a postelection revolt against Speaker Paul D. Ryan. Mr. Trump made his frustrations plain on Tuesday. “The people are very angry with the leadership of this party, because this is an election that we will win, 100 percent, if we had support from the top,” he said in an interview with Reuters.
The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Mr. Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan.Tax experts hired by The Times to analyze Mr. Trump’s 1995 records said tax rules that are especially advantageous to wealthy filers would have allowed Mr. Trump to use his $916 million loss to cancel out an equivalent amount of taxable income over an 18-year period.
Mr. Trump has unleashed a blizzard of falsehoods, exaggerations and outright lies in the general election. A closer examination of the 31 untruths over the course of a week, revealed an unmistakable pattern: Virtually all of Mr. Trump’s falsehoods directly bolstered a powerful and self-aggrandizing narrative depicting him as a heroic savior for a nation menaced from every direction. Mike Murphy, a Republican strategist, described the practice as creating “an unreality bubble that he surrounds himself with.”
Our endorsement is rooted in respect for her intellect, experience and courage. This endorsement runs down Hillary Clinton's experience and past service as first lady senator and secretary of state as her qualifications
Donald J. Trump, in escalating attacks against Hillary Clinton, suggested on Friday that his opponent was so immune to prosecution that she could shoot someone in front of thousands of witnesses and not be prosecuted. Mr. Trump’s comments followed an extended, and at times vicious and unscripted, criticism of Mrs. Clinton, the Democratic presidential candidate, whom he called “an unstable person.”
Mr. Kristof examines Donald Trumps character in this article all the way from his childhood to current date. Learn how he treated friends, employees, his racism and other characteristics recorded in many books and articles published over the years.
As Mr. Trump assumed an increasing role in his father’s business, the company’s practice of turning away potential black tenants was painstakingly documented by activist and the government. Donald Trump in response denied the allegations and sued the government for a 100 million.
Donald Trump is trying to deliver scripted messages attacking Hillary Clinton and her integrity and shying away from attacking republicans. He has also changed his stance on immigration and is focusing on deporting only those with criminal records and recent immigrants.
FBI collected 15000 new emails in investigation of Hillary Clinton that Ms Clinton didn't voluntarily turn over to the state department last year. A federal judge ordered the release of these emails. Emails could be released weeks before the November elections. FBI director said he didn't think Ms. Clinton intentionally hid these emails.
A review of the Republican presidential nominee’s shows he has considerably more debt than he reported and if he is selected president and his children take over the business he has a lot of leverage as the President to influence his own holdings.
Blatant attempts to keep minorities from voting have been supplanted by a blizzard of more subtle changes and intimidating tactics, advocates contend. - This article has been shared over 1.1K as of November 1st 2016.
Researchers have concluded that the Democratic National Committee was breached by two Russian intelligence agencies, and metadata from the released emails suggests that the documents passed through Russian computers.