The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, 66, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in early July as he stepped off his private plane at an airport in...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.Bondsread more
Multinationals that rely on the supply chain from China are tumbling after President Donald Trump ordered them to find alternatives to their Chinese operations.Marketsread more
President Donald Trump supports Republicans' short-term spending bill and will pin the blame on Democrats if it fails to pass, press secretary Sarah Sanders said Wednesday.
But the White House may have blame to put on some of the majority Republicans, too. Sen. Lindsey Graham, R-S.C., said Wednesday that he is against a short-term funding measure.
Sanders said the White House seeks two-year spending legislation but would prefer a stop-gap measure to a government shutdown.
"The president certainly doesn't want a shutdown, and if it happens I think you only have one place to look — and that's the Democrats," she told reporters on Wednesday.
If Congress cannot pass a funding bill by the end of Friday, parts of the government will run out of money. Republicans control the House, Senate and White House and can pass a funding bill with only GOP votes in the House. A funding plan will need some Democratic support to pass the Senate.
Senate Majority Leader Mitch McConnell, R-Ky., said he expects the Senate to take up the continuing resolution as soon as the House can approve it. He said he thinks the Senate "has a good chance of passing it," especially because it reauthorizes the Children's Health Insurance Program for six years, a Democratic priority.
Even some Republicans have threatened to vote against it, hurting its chances of passing this week. Graham said Wednesday that he would vote "no" on the measure, arguing that Congress has strung together too many short-term funding bills, according to NBC News.
"We've just got to let folks in this body know enough is enough," he said.
The bill introduced by House Republicans would extend government funding through Feb. 16. It would reauthorize CHIP for six years and delay some Affordable Care Act taxes.
While Democrats have made extending CHIP a priority, the GOP does not plan to move to pass a bill to shield the immigrants protected by the Obama-era Deferred Action for Childhood Arrivals. Trump ended the program in September with a six-month delay, and those immigrants could start to face deportation after March 5.
Congressional leaders started to dole out blame earlier Wednesday. Senate Minority Leader Chuck Schumer, D-N.Y., argued that a shutdown "will fall squarely on the majority leader's shoulders and the president's shoulders."
McConnell suggested Wednesday that Democrats were "manufacturing a crisis" on immigration before the March deadline. Ryan accused them of playing politics with immigration.
Bipartisan senators reached a deal last week on protecting the young immigrants, increasing border security funding and revising extended family migration rules and the visa "lottery" system. Trump rejected the plan when they presented it to him.