While the president says he wants to help Americans workers through the coronavirus pandemic, behind the scenes his party is crafting legislation that would leave the least fortunate behind.
Jared Kushner, President Donald Trump's son-in-law and senior adviser, repeatedly told the president that the media was exaggerating the threat posed by the coronavirus, The New York Times reported Monday. In the early weeks of the outbreak Trump attempted to downplay the severity of the illness, comparing it to the common flu, describing it as a "hoax" concocted by Democrats at a campaign rally in February, and assuring Americans that the outbreak would "disappear."
Trucking has been in a recession since the first half of 2019, according to ACT Research. While freight volumes have ticked up in July and August, indicators that a recession is still gripping America's $800 billion trucking market.
The Supreme Court decided last week that Department of Defense funding could be used to construct sections of President Donald Trump's border wall. Notably, it said about $224 million would be taken from the Blended Retirement System, which combines elements of the military's retirement system with a system offering benefits similar to civilian 401(k) programs. Other programs set to significantly lose funding: $604 million that was supposed to support Afghan security forces; $251 million in Pentagon funds for destroying US chemical weapons; and about $343 million "in spending from Air Force weapons programs where officials have negotiated reductions or canceled systems,".
The staggering rate of store closures that has rocked the retail industry over the past couple of years is expected to continue in 2019, with roughly the same level of closures expected this year. Retailers closed a record 102 million square feet of store space in 2017, then smashed that record in 2018 by closing another 155 million square feet, according to estimates by the commercial real-estate firm CoStar Group.
The US posted a record budget deficit in the month of February, according to a new report form the Treasury Department. The budget deficit for February came in at $234 billion, according to the Treasury, higher than the previous monthly record of $231.7 billion set in 2012. The deficit was also 8.7% higher than the $215.2 billion deficit posted in February 2018.
US President Donald Trump has signed an executive order reducing the number of civilian deaths from drones that the government must report. Trump signed the order Wednesday, revoking an Obama-era requirement for the director of national intelligence to release an annual report on the number of deaths resulting from US operations in noncombat areas around the world.
President Donald Trump issued an executive order Friday that cancels a planned pay increase for federal workers in 2019. Trump previously called the raise, a 2.1% increase set to take effect in January, "inappropriate" and an unrealistic burden on the federal budget. The order also cancels a yearly paycheck adjustment calculated in order with the region of the country where workers are posted.
There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and businesses. But Friday's report on third-quarter gross domestic product may be the best hard evidence yet that the tariffs are causing major disruptions in the economy.
The son of Supreme Court Justice Anthony Kennedy was leading a real-estate division of Deutsche Bank as it gave President Donald Trump over $1 billion in loans to finance his real-estate projects when other banks wouldn't, The New York Times reported Thursday.
The House voted on the biggest rollback of Wall Street regulations since the financial crisis. While the bill would change many regulations for regional and community banks, analysts say it is not a total dismantling of the Dodd-Frank Act.
A real estate startup partly-owned by presidential senior adviser Jared Kushner is seeking an investment of at least $100 million from a private fund backed by Saudi Arabia and the United Arab Emirates.
An AP investigation found Jared Kushner's firm repeatedly lied about the number of tenants in its building who were living under rent controlled housing. The Kushner Cos. routinely filed false paperwork with the city declaring it had zero rent-regulated tenants in dozens of buildings it owned across the city when, in fact, it had hundreds.
West Wing staffers were concerned that White House counsel Don McGahn would quit earlier this summer because of his frustration over meetings between President Donald Trump and his senior and adviser and son-in-law, Jared Kushner, The Wall Street Journal reported on Friday. Given their proximity to the Russia probe, McGahn was reportedly concerned that the frequency with which Trump and Kushner met could be seen as an attempt to coordinate their stories, three officials familiar with the matter told The Journal.
Let's not be naive. If I told you that a firm with ties to a sometimes adversarial foreign power was trying to overpay a Trump administration official for their now struggling business, you might say, "Gee, that seems like a conflict the White House doesn't need right now." But here we are.
Democratic members of the House Judiciary Committee sent a letter to Attorney General Jeff Sessions on Wednesday asking why the Department of Justice settled a major money-laundering case involving a real-estate company owned by the son of a powerful Russian government official whose lawyer met with Donald Trump Jr. last year.
Evidence is emerging that the hacking and disinformation campaign waged at the direction of Russian President Vladimir Putin took at least four separate but related paths. The first involved establishing personal contact with Americans perceived as sympathetic to Moscow — such as former Defense Intelligence Agency chief Michael Flynn, former Trump campaign chairman Paul Manafort, and early Trump foreign-policy adviser Carter Page — and using them as a means to further Russia's foreign-policy goals.
In a TV interview with Greg Hayes, the CEO of United Technologies stated that reasons for keeping jobs in Indiana was government contracts,prospect of favorable regulations. He also said that Mexican workers are 80% cheaper and more dedicated. Furthermore UTC believes that with automation they can stay competitive in the US which will still result in job loss for US workers.
Donald Trump added another group of actors to the growing list of interests that he claims are "rigging" the election against him. In a tweet on Sunday, the Republican presidential nominee baselessly asserted that technology companies were attempting to tamp down new revelations that the FBI is continuing to investigate Hillary Clinton's use of a private email server while serving as secretary of state.