Tag: Economy

Trump Predicts Vaccine by Year’s End

President Trump is predicting that there will be a vaccine for the coronavirus by the end of this year. According to The Hill: President Trump said Sunday that his administration is confident the United States will have a vaccine for the novel coronavirus by the end of the year. “We think we are going to have

Trump Claims Worst Days of Virus are Behind America

President Trump has reassured Americans that the worst days of the virus are behind us. According to The Hill: President Trump on Tuesday suggested “the worst days” of the coronavirus pandemic are over as he welcomed a group of small-business owners to the White House who have benefited from an emergency loan program he signed into law

White House and Congress Reach Deal to Fund Small Business Loans

The White House and Congress have reached a deal to inject more funding into the small business loan program. According to The Hill: The White House and Congress have reached a deal on a new funding package that will replenish a lending program meant to aid small businesses impacted by the novel coronavirus outbreak, two

Oil Reaches Lowest Price Since 2003

The price of oil is at the lowest point it has been since 2003 according to new reports. According to The Hill: U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world. The prices fell for a third session, with U.S. crude Clc1

Trump Announces G-7 Will be Held at Camp David

After the uproar about holding the G-7 Summit at his Doral resort in Florida, President Trump has decided to hold the summit at the famous Presidential retreat, Camp David. According to The Hill: President Trump on Tuesday announced that next year’s Group of Seven (G-7) summit will take place at Camp David, his second choice after

White House Signaling Push for Another Tax Cut

The White House seems to be signaling that a new push for another round of tax cuts will be coming soon. According to Town Hall: In recent months, White House Senior Economic Advisor and Director of the National Economic Council Larry Kudlow has said President Trump is interested in allowing workers to keep more of

Democrats Proposed Ban Would Kill Millions of Jobs

A proposal by Democrats to end fracking would kill millions of jobs. According to The Washington Free Beacon: A proposed fracking ban put forward by leading Democratic presidential candidates would have a devastating impact on U.S. jobs, energy independence, and even national security, according to several studies. Reports from the American Petroleum Institute, Independent Petroleum

Federal Reserve Caving to Trump’s Pressure?

President Trump has been pressuring the Federal Reserve to cut interest rates and it appears that they are going to do just that. According to The Hill: The Federal Reserve is likely to cut interest rates this week, a move that comes amid growing pressure from President Trump and new uncertainties about the global economy. The Fed

Weekly Jobless Numbers Hit 5 Month LOW

President Trump’s economy is continuing to show strong indicators. New numbers show that the weekly jobless numbers hit a 5 month low. According to The Hill: The number of Americans submitting applications for unemployment benefits fell to a five-month low last week, the Labor Department announced Thursday. Initial filings for benefits fell to a seasonally adjusted 204,000 for the week ending on Sept.