Mnuchin says new Harriet Tubman $20 bill delayed until 2028


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Treasury Secretary Steven Mnuchin said Wednesday that designs for an updated $20 bill featuring Harriet Tubman will be delayed by eight years.Mnuchin told lawmakers on the House Financial Services Comm…

Carson on HUD eviction plan: ‘You take care of your own first’


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House lawmakers sparred Tuesday over a plan from the Department of Housing and Urban Development (HUD) to remove thousands of immigrant families from federally subsidized homes.In a heated hearin…

Canada, Mexico lift tariffs on US goods after Trump scraps steel, aluminum levies


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Canada and Mexico on Monday lifted tariffs on a slew of U.S. goods, including steel, aluminum, whiskey and beef as the three countries push for ratification of an updated trade agreement.The move…

Warren to bank regulator who found her question insulting: ‘Good’


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Sen. Elizabeth Warren (D-Mass.) squared off with a top Trump administration bank regulator on Wednesday over his decision to keep parts of the agency’s oversight of Wells Fargo confidential.Warr…

Stocks plummet as Trump’s trade war with China escalates


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The Dow Jones Industrial Average plunged 617 points on Monday, falling more than 2 percent amid fears that President Trump’s escalating trade war with China will damage the U.S. economy.Markets fell on the news tha…

Five things to know about Trump’s trade war with China


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President Trump’s trade war with China is approaching the one-year mark, with no end in sight.The two countries appeared close to a deal just a week ago after months of negotiations and reciproc…

New tariffs on China pose major risk for Trump


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Punishing tariffs ordered by President Trump are set to go into place Friday on Chinese goods, escalating a high-stakes battle with major risks for the economy and his reelection.GOP lawmakers have been pressuring…

Dow falls more than 400 points after Trump’s latest tariff threat


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Stocks fell sharply Tuesday morning as Wall Street braced for President Trump to impose higher tariffs on Chinese imports after a breakdown in trade negotiations with Beijing.The Dow Jones Indust…

US economy grew at 3.2 percent in first quarter, exceeding expectations


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Economic growth in the U.S. blew past expectations in the first quarter of 2019, easing fears of an impending slowdown that kicked off the year.U.S. gross domestic product (GDP) grew at an annual…

Fourth GOP senator comes out against Trump Fed pick Cain


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A fourth Republican senator announced Thursday that he would oppose Herman Cain if President Trump nominated him to the Federal Reserve Board, all but dooming his potential appointment.Sen. Kevi…

Waters: Deutsche Bank providing Trump financial records for House probe


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The chairwoman of the House Financial Services Committee said Tuesday that Deutsche Bank has begun providing records of its dealings with President Trump for the panel’s probe into the president’s finances….

Trump says he’ll nominate Stephen Moore to Fed


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President Trump said Friday he is appointing Stephen Moore, an economic adviser to his 2016 campaign, to a spot on the Federal Reserve Board.Trump told the White House pool he would be making the appointment….

Economy adds just 20K jobs in February, far below expectations


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The U.S. economy added 20,000 jobs in February, the Labor Department reported Friday, far below analysts’ expectations that the country would gain 180,000 jobs.The unemployment rate dropped 0.2 percentage…

Trade deficit rises to 10-year high under Trump


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The annual U.S trade deficit reached a record high in 2018, despite President Trump’s efforts to reduce foreign purchases and steer consumers toward American-made products.The difference between …

US retail sales suffer steepest drop in nine years


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U.S. retail sales in December suffered their worst decline in nine years, according to Commerce Department data released Thursday, a potential red flag for economic growth.Adv…

Ross: ‘I don’t quite understand’ why federal workers need food banks during shutdown


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Commerce Secretary Wilbur Ross said Thursday that he was confused why thousands of federal workers, who’ve already missed one paycheck, are relying on food banks during the partial government shutdown.Ross said on…

Trump’s growing anger with Fed chief poses market risks


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President Trump would likely find himself in murky legal waters if he attempts to dismiss Federal Reserve Chairman Jerome Powell, but experts say the bigger concern is that any move on that front would ignite a chain of c…

Dow drops 500 points after record-breaking rally


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Stocks dropped sharply Thursday morning as the Dow Jones Industrial Average lost 500 points one day after a historic rallyThe Dow, Nasdaq composite and S&P 500 were down roughly 2 percent by …

Dow drops 500 points after record-breaking rally


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Stocks dropped sharply Thursday morning as the Dow Jones Industrial Average lost 500 points one day after a historic rallyThe Dow, Nasdaq composite and S&P 500 were down roughly 2 percent by …

Maxine Waters will soon wield gavel in feud with White House


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The public feud between Rep. Maxine Waters and President Trump is poised to reach new heights when the California Democrat is granted subpoena power as head of a powerful congressional committee overseeing the financial s…