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Bernanke’s take on Trump, partisan politics, and robots

Former Federal Reserve Chairman Ben Bernanke says views on the economy are “partisan colored,” and that may turn into trouble.

3:52 a.m. Today
Tour North Korea on one of the country’s rare holidays

North Korea on Tuesday celebrated the 85th anniversary of the founding of its military with a live-fire artillery drill. North Korea staged the firing drill near the eastern city of Wonsan, according to South Korea’s Yonhap News Agency

3:40 a.m. Today
Trump’s 15% corporate tax rate could cost the government $2 trillion

President Donald Trump will reportedly propose slashing the U.S. corporate tax rate to 15%, a move that if enacted could cost the government some $2 trillion in lost revenue, according to one estimate.

3:28 a.m. Today
If the Macron Trade is going to continue, he’s going to have to deliver

If the Macron Trade is to be more than just a relief rally, then the likely French president needs to deliver some substance and not just rhetoric, writes Matthew Lynn.

2:29 a.m. Today
Wilbur Ross lays out plan to toughen up U.S. trade policies

A day after announcing plans for a retaliatory tariff against Canadian lumber, U.S. Commerce Secretary Wilbur Ross said Tuesday the Trump administration may also take action to protect America’s aluminum, semiconductor and shipbuilding industries as part of a newly aggressive trade policy.

10:28 p.m. April 25, 2017
Health-care payments remain in question as spending-bill deadline nears

With President Donald Trump now willing to wait on money to fund a border wall, lawmakers on Capitol Hill edged closer Tuesday to a deal to prevent a government shutdown but were still slogging through a raft of unresolved issues.

6:21 p.m. April 25, 2017
Trump drops support for 'border adjustment' tax: report

The Trump administration has dropped support for a so-called border adjustment tax, the New York Times reports a day ahead of a tax-plan announcement by President Donald Trump. House Republicans have backed the proposal, which would tax imports while exempting exports. Treasury Secretary Steven Mnuchin said last week it was not "off the table." Two people briefed on the matter told the Times it has been shelved but may be revisited later.

5:02 p.m. April 25, 2017
Obama’s latest gift to his detractors: a $400,000 Wall Street speaking gig

Barack Obama once told CBS’s “60 Minutes” that he didn’t “run for office to be helping out a bunch of fat cat bankers on Wall Street.” Of course, he didn’t say anything about them helping him out.

4:32 p.m. April 25, 2017
Trump Today: President’s first target for trade sanctions is Canada — not China or Mexico

President Donald Trump on Tuesday said the U.S. won’t stand for unfair trade practices from Canada, touted his achievements in his first 100 days in office and insisted the “fake media” is wrong that he has changed his position on a Mexican border wall.

4:28 p.m. April 25, 2017
What Trump promised vs. what he accomplished in his first 100 days

By his own standards, President Donald Trump’s 100-day agenda is a mixed bag, with a few pledges fulfilled but many unfinished or even abandoned.

3:55 p.m. April 25, 2017
Trump says he doesn't fear a trade war with Canada

President Donald Trump said Tuesday he doesn't fear a trade war with Canada, despite the imposition by the U.S. of a 20% tariff on softwood lumber from the country. Speaking at the White House during the signing of an executive order, Trump also said his proposed border wall would be built during his first term but that there is "plenty of time." He didn't demand it be funded as part of a deal to keep the government open past Friday.

3:53 p.m. April 25, 2017
U.S. home prices grew at fastest rate in nearly three years

The S&P/Case Shiller 20-city index rose 5.9% in the three month period ending in February compared to the same period a year ago, according to a report Tuesday.

3:13 p.m. April 25, 2017
Illegal immigration was already lowest in a decade before Trump took office: Pew

The number of people living in the U.S. illegally fell to its lowest level in a decade in 2015, revealing a trend already underway even as President Donald Trump promised a tougher fight against unauthorized immigration as a major campaign pillar.

2:31 p.m. April 25, 2017
Trump lowers his job-creation score to 500,000, but it’s still too high

President Donald Trump says his administration has created “over 600,000 jobs” since he took office. But that’s a lot more than the government’s own scoresheet says.

1:03 p.m. April 25, 2017
No sign Mike Flynn complied with the law on taking foreign payments, House leaders say

Former White House national security adviser Mike Flynn apparently didn’t seek permission from the military before taking payments from entities linked to Russia and Turkey, as required under Pentagon guidelines, the leaders of the House Oversight and Government Reform Committee said Tuesday.

12:21 p.m. April 25, 2017
Here’s what would happen during a government shutdown

President Donald Trump’s willingness to wait until later this year to fund his proposed border wall has taken away some of the threat of a government shutdown later this week, but there are still outstanding issues to be resolved before Washington and the markets can breathe easy.

11:59 a.m. April 25, 2017
Ivanka Trump gets booed during panel discussion in Berlin

Ivanka Trump was booed Tuesday during a women’s panel discussion in Berlin.

11:55 a.m. April 25, 2017
The bond market is sitting next to a sleeping tiger — the Federal Reserve

The Federal Reserve will have to be more aggressive on interest rates than the bond market expects, said Jan Hatzius, chief economist at Goldman Sachs in a recent note.

11:28 a.m. April 25, 2017
New-home sales roar to an 8-month high as spring selling season starts with a bang

Sales of newly-constructed homes were the second-highest of the economic cycle in March, a reminder that demand for housing is still robust.

11:17 a.m. April 25, 2017
Consumer confidence slips from 16-year high

Consumer confidence in March soared to the highest level in more than 16 years, according to data released Tuesday.

10:20 a.m. April 25, 2017
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