U.S. Economy
Trump’s foreign student policies alarm Rep. Ro Khanna: They’re ’embedded in Silicon Valley’
Democratic Rep. Ro Khanna of California warned Tuesday that the nation’s economy and talent pipeline could take a hit if international students opt against attending colleges in the United States because of President Donald Trump’s visa policies. “The reality is that you have people like Elon Musk who were foreign students, I mean, they have […]
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U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs […]
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White House ‘close to the finish line’ on some trade deals, says Treasury official
Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues “to make very good progress” on trade negotiations, and it is “close to the finish line on a couple” of deals. “As long as we continue to make progress, I think you’re going to see a lot more deals that are announced prior […]
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Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’
US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, […]
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Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett […]
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EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%
President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. Jeff Swensen | Getty Images The European Union on Saturday criticized President Donald Trump’s move to double tariffs on steel imports, warning that it “undermines” efforts to reach a “negotiated solution” in the […]
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Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending
US Secretary of Defense Pete Hegseth (C) gestures beside Malaysia’s Defence Minister Mohamed Khaled Nordin (R) and other defence officials from the Association of Southeast Asian Nations (ASEAN) during a multilateral meeting ahead of the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Mohd Rasfan | Afp | Getty Images SINGAPORE — Pentagon chief […]
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France’s Macron calls on Europe and Asia to unite as U.S.-China tensions flare
TOPSHOT – France’s President Emmanuel Macron reacts during a meeting with Vietnam’s President Luong Cuong sat the Presidential Palace in Hanoi on May 26, 2025. (Photo by Nhac NGUYEN / POOL / AFP) (Photo by NHAC NGUYEN/POOL/AFP via Getty Images) Nhac Nguyen | Afp | Getty Images SINGAPORE — French President Emmanuel Macron on Friday […]
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Credit default swaps are back in fashion — even if the panic might be overblown
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 27, 2025, in New York City. Timothy A. Clary | Afp | Getty Images Investors are getting nervous the U.S. government might struggle to pay its debt — and they are snapping up insurance in case it […]
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Trump to pardon reality TV stars Todd and Julie Chrisley, convicted of fraud and tax evasion
Reality TV Personalities Julie Chrisley (L) and Todd Chrisley (R) visit Hallmark’s “Home & Family” at Universal Studios Hollywood on June 18, 2018 in Universal City, California. Paul Archuleta | Getty Images President Donald Trump said Tuesday that he will pardon reality television stars Todd and Julie Chrisley, who were convicted of tax evasion and […]
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