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
President Trump recently struck a deal with OPEC and other allies to cut global oil production as demand dwindles. Some are saying this could be his biggest and best deal ever. According to CNBC: As the Organization of the Petroleum Exporting Countries and its allies came to an agreement on a record cut in oil
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
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
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
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
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
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.
President Trump got good news when the new economic numbers were released. The private sector gained more jobs than expected in August. According to The Daily Wire: In a new report released on Thursday that bolsters President Trump’s chances of reelection, the ADP Research Institute and Moody’s analytics said private sector employment increased by 195,000 jobs from
An economist has given President Trump good news heading into the 2020 election. The economist does not foresee a recession before the 2020 election. According to The Daily Wire: Acknowledging that talk of a coming recession has mushroomed recently, one economics expert writing in The New York Times attempted to assuage those fears by noting that the
