The Biden administration will announce on Monday its “new strategy” on trade relations with China, which will include extending tariff exclusion on certain Chinese goods, according to senior administration officials. U.S. Trade Representative Katherine Tai, in a speech at a Washington think tank on Monday, is planning to reveal the China trade policy of the … Continued
KEY POINTS Weekly jobless claims totaled 362,000 last week, an increase of 27,000 from the previous week and above the 335,000 estimate. Continuing claims rose to 2.84 million. The economy grew at an annualized pace of 6.7% in the third quarter, slightly above estimates. Initial jobless claims climbed again last week, rising to 362,000, the … Continued
Bashing America, cops and free-market capitalism comes with blowback. Newt Gingrich, who crafted the Contract with America that upset Washington’s political status quo a quarter century ago, has quietly been conducting one of the most extensive polling operations ever of swing voters ahead of the 2022 election. His takeaway: Dems’ big government, race-focused and America-disparaging … Continued
MISS. SENATOR PRESSES LAND AND MINERALS MANAGEMENT NOMINEE ON COMPLIANCE WITH OUTER CONTINENTAL SHELF LANDS ACT U.S. Senator Cindy Hyde-Smith (R-Miss.) today sought assurances that the Biden administration, now under court order to allow offshore energy leasing, will not attempt to impose policies that make future leasing economically unfeasible… (Excerpts from Star-Herald)
The UK’s hope to reach a bilateral trade deal with the United States in the near future has been further diminished by U.S. President Joe Biden on Tuesday. The president issued a fresh warning about the Northern Ireland Protocol ahead of a meeting with British Prime Minister Boris Johnson. A Free Trade Agreement (FTA) with the … Continued
Fox Business Network will debut a new primetime programming slate on Monday, “FBN Prime,” that will feature even more Stuart Varney when “American Built” debuts at 9 p.m. ET. “The new primetime lineup is all about America’s greatness and it’s designed to open up our viewers to a point of view that is patriotic, pro-America … Continued
A partisan fight over raising the government’s borrowing limit is expected to ratchet up this week, with Democrats moving ahead with a vote in the face of strident GOP opposition, raising doubts about whether Congress will take action before the federal government runs out of cash. The standoff has alarmed Wall Street analysts and business … Continued
Transportation officials across the U.S. are gearing up for a potential cash infusion from the infrastructure bill, planning to speed up repairs of century-old bridges, fix rural roads battered by heavy trucks and overhaul a key distribution route for hot dogs and rice cakes. The Senate passed the roughly $1 trillion bipartisan measure backed by President … Continued
The Biden administration has issued a warning that the pending federal debt crisis could trigger an economic recession that would impact economic growth and trigger job losses across the United States. “Hitting the debt ceiling could cause a recession. Economic growth would falter, unemployment would rise, and the labor market could lose millions of jobs,” the White … Continued
A new conservative coalition led by former Trump administration advisers plans to launch an up to $10 million campaign to attack President Biden’s economic package as it advances through Congress. The effort, set to launch Friday, is being spearheaded by the America First Policy Institute founded earlier this year by former Trump officials, as well as conservative … Continued
Sens. Joe Manchin (D-W.Va.) and Bernie Sanders (I-Vt.) are hurtling toward a showdown over President Biden’s $3.5 trillion spending plan, as they draw red lines around their legislative priorities.The two veteran lawmakers are at opposite ends of the Senate Democratic caucus, with no close working relationship and some high-profile public splits in their past. But … Continued
Even if they pretend to pay for the $3.5 trillion spending bonanza President Biden and the Democrats want, it will be budget trickery. Maybe Pelosi is being more honest in that she is not even pretending to pay for it. According to Fox News: White House Press Secretary Jen Psaki contradicted House Speaker Nancy Pelosi’s … Continued
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