The U.S. economy continued a strong summer, adding 209,000 jobs in July while the unemployment rate fell to 4.3 percent, the lowest since March 2001, according to a government report Friday. Economists surveyed by Reuters had expected the report to show growth of 183,000; the unemployment rate met expectations. A more encompassing rate that includes […]
Tag: US news
Kushner Denies Collusion, Admits To At Least 4 Meetings With Russians
Senior White House adviser Jared Kusher is denying that President Donald Trump’s campaign colluded with Russia, saying in a statement ahead of congressional interviews that he has “nothing to hide.” The 11-page statement provided to The Associated Press by a representative Monday details four contacts with Russians during Trump’s campaign and transition. Kushner plans to […]
Sean Spicer Resigns As White House Press Secretary
White House press secretary Sean Spicer abruptly resigned Friday after opposing President Donald Trump’s appointment of Anthony Scaramucci as communications director.At a press briefing later Friday, Scaramucci announced principal deputy press secretary Sarah Huckabee Sanders will take over as press secretary. Trump asked Spicer to stay in his role, but Spicer said appointing Scaramucci was […]
Yellen Says Rate Hikes Will Slow As Inflation Stays Low
The Federal Reserve could scale back on its expected pace of interest rate hikes if inflation continues to be soft, Chair Janet Yellen told Congress. Under questioning over why the central bank remains committed to normalizing policy even as price and wage pressures remain muted, Yellen said the Fed is aware of the softness in […]
Military Plane Crash In Mississippi Kills 16 Service Members
A military transport plane that was being used on a training flight crashed in Mississippi on Monday, killing 16 military service members, the Marine Forces Reserve has confirmed. Of the deceased, 15 were Marines and one was a sailor, according to Richard Spencer, the Trump administration’s nominee for Navy secretary, who addressed the subject during […]
Dow Gains 130 Points, Reaches All Time High
U.S. equities kicked off the second half of the year on the right foot, closing mostly higher on Monday as bank stocks climbed. The Dow Jones industrial average notched a record high before closing about 130 points higher, with Goldman Sachs contributing the most gains. The S&P 500 rose 0.23 percent, with financials and energy […]
Putin And Trump To Meet July 7th According To Kremlin
A meeting between Russian President Vladimir Putin and his U.S. counterpart Donald Trump will take place on the sidelines of a G-20 summit in Hamburg on July 7, Russian news agencies quoted Kremlin foreign policy aide Yuri Ushakov as saying on Tuesday. “(It’s been) agreed for the seventh,” RIA news agency quoted him as saying. […]
Stock Market Looks To Be Strong In Second Half Of Year
The first half of the year comes to a close Friday, and it certainly has been a strong period for stocks. Year-to-date gains through Thursday: the Dow was up 7.7 percent, the S&P 500 is up 8 percent and the standout Nasdaq has soared over 14 percent. Over the past two decades, stocks have generally […]
Senate GOP Unveils Health Care Plan That Will Affect Millions
After weeks of secret negotiations, the US Senate has released its draft of a bill that could upend the healthcare system for millions of Americans. The Senate’s 142-page proposal, unveiled on Thursday, would eliminate or reduce key benefits provided by Barack Obama’s Affordable Care Act; lower taxes for the wealthy; strip funding from the women’s […]
Cop Acquitted In Off-Duty Shooting In Milwaukee
A Milwaukee jury on Wednesday acquitted a former police officer in the on-duty shooting of a black man last year that ignited riots on the city’s north side. Jurors found that Dominique Heaggan-Brown, who is also black, was not guilty of first-degree reckless homicide when he shot 23-year-old Sylville Smith after a brief foot chase […]
Sessions Refuses To Answer Questions, Confirms Comey Testimony
Attorney General Jeff Sessions confirmed part of James Comey’s testimony from last week about an abruptly private meeting at the president’s desk between Donald Trump and the former director of the FBI. Sessions testified on Tuesday that he and others filed out of the room and left Comey alone with Trump following a group meeting […]
Puerto Rico Votes To Become 51st State, Will Ask House For Approval
The governor of Puerto Rico, Ricard Rosselló, has announced that he is to visit Washington in the next phase of his campaign to turn the island into the 51st state of the United States. Rosselló will go to the US capital armed with a 97% backing for statehood from voters in Sunday’s plebiscite on the […]