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Deal or no deal, the bilateral trade deficit with China is a phony issue

The overall U.S. trade deficit will not be reduced by getting China to agree to buy more U.S.-made goods, writes Caroline Baum.

8 min ago
China is an easy political target, but the trade problem lies elsewhere

A deal with any one country, even China, will do little to resolve America’s fundamental economic imbalances that have arisen in an interconnected world, writes Stephen Roach.

12 min ago
Here’s why the Trump tax cuts (so far) haven’t boosted the economy

Tax cuts are often a good tool to boost an economy, but the impact largely depends on whether people think they’ll get more money in their paychecks. Viewed that way, the recent Trump tax cuts probably won’t cause Americans to sharply increase how much they spend.

13 min ago
Manufacturing activity at strongest level since September 2014, flash PMI data show

The flash IHS Markit U.S. manufacturing PMI inched up to 56.6 in May from 56.5 in April, the highest level since September 2014.

21 min ago
New-home sales wobble in April, Commerce says

Sales of newly-constructed homes pulled back in April and several prior months’ estimates were revised down, signaling housing market momentum may be wavering.

21 min ago
Four in 10 can’t cover an emergency expense of $400, Fed survey finds

Small emergency expenses still challenge many Americans after nearly a decade of economic recovery, a new survey released by the Federal Reserve finds.

9:47 a.m. Today
Trump hints at more tax cuts to be unveiled before November

On the heels of a $1.5 trillion tax cut he signed in December, Trump said Tuesday night that his administration would be “submitting additional tax cuts sometime prior to November. It’s going to be something very special.”

9:37 a.m. Today
Is voting in 2018 really as important as in 2016? Trump’s not so sure

Never let it be said that President Donald Trump doesn’t say what’s on his mind.

9:37 a.m. Today
Trump told Lesley Stahl in 2016 why he pillories the press, the veteran broadcast journalist recalls

“You know why I do it?” the then-president-elect asked in an off-camera discussion at Trump Tower, Stahl recalled at an even in New York on Monday. “I do it to discredit you all.”

9:36 a.m. Today
Fed may float new ideas to market in its minutes

Minutes of the Federal Reserve’s May meeting give the central bankers the opportunity to float new ideas to the market.

9:20 a.m. Today
Centrist Republicans on cusp of forcing immigration votes | What Philip Roth said about ‘con artist’ Trump

Centrist Republicans are on the cusp of forcing votes on immigration; what the late Philip Roth said about President Trump; the roadblocks for Trump’s re-election bid; and more.

8:57 a.m. Today
Nikki Haley says she used Trump’s ‘unpredictability’ to get North Korea sanctions

UN Ambassador Nikki Haley said Tuesday that she used “the unpredictability of President Trump” to help convince the Chinese to back tougher sanctions on North Korea.

8:34 a.m. Today
Sen. Bob Corker laments that ‘nobody cares’ about fiscal responsibility anymore

The man who, according to President Trump, “couldn’t get elected dog catcher in Tennessee,” was asked by a reporter if he’s just given up on his push for fiscal responsibility from the federal government. His answer caused a bit of a stir.

8:18 a.m. Today
Obama education secretary: Until we get stricter gun laws, let’s boycott schools

Arne Duncan explains why Americans should keep their children home from school until stricter gun laws are enforced.

8:17 a.m. Today
Jimmy Carter can see Trump joining him in Nobel Peace Prize pantheon

When asked earlier this month whether he deserved a Nobel Peace Prize for his role in thawing relations with North Korea, President Donald Trump gave the most Donald Trump answer ever: “Everyone thinks so, but I would never say it.” OK, so maybe not “everyone” thinks so, but Jimmy Carter does.

8:17 a.m. Today
Homeland Security’s Nielsen reintroduces doubt over Russia’s goal in 2016 election

A classified congressional briefing early Tuesday on the vulnerability of U.S. elections to malign outside actors by leaders of the intelligence community drew just a few dozen lawmakers. But in response to reporters’ questions after the briefing, Homeland Security Secretary Kirstjen Nielsen made a pair of attention-grabbing statements.

8:09 a.m. Today
Jeering Trump’s ‘parade of scandals’ won’t win elections for Democrats

This ‘common man’ president in fact governs for the elite, writes Chris Edelson.

7:03 a.m. Today
U.S. government employee in China hit by possible sonic attack: reports

A U.S. government employee in China has endured a possible sonic attack, according to published reports Wednesday. The State Department issues an alert to Americans in China, saying the worker reported “sensations of sound and pressure.”

6:36 a.m. Today
Stacey Abrams eyes history after win in Georgia gubernatorial primary

Stacey Abrams won Georgia’s Democratic primary for governor Tuesday, setting her up for a general election in which she is bidding to become the nation’s first black woman elected governor.

3:43 a.m. Today
Israeli firm partnered with Cambridge Analytica to win U.S. government contracts

A company owned by Joel Zamel, an Israeli entrepreneur whose work has drawn the scrutiny of special counsel Robert Mueller, formed a strategic partnership with a data firm for President Donald Trump’s campaign in a joint bid to win business from the U.S. government and other clients after the 2016 election, according to people familiar with the matter.

9:40 p.m. May 22, 2018
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