The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead 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
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Among the myriad threats to national security — North Korea, Russia and Iran among them — is one very big economic issue, National Intelligence Director Daniel Coats said Tuesday.
Speaking to the Senate Intelligence Committee, Coats said the nation's debt, up to $20.7 trillion and likely to escalate due to recently passed fiscal measures in Congress, must be taken seriously.
"The failure to address our long-term fiscal situation has increased the national debt to over $20 trillion and growing," he said during a broader hearing over dangers posed to the U.S. "This situation is unsustainable as I think we all know, and represents a dire threat to our economic and national security."
The debt has increased 123 percent over the past decade as the nation sought to break free of the financial crisis and the tepid growth that followed.
Total debt is now nearly 105 percent of gross domestic product, just shy of its highest level since World War II. The most recent Congressional Budget Office projections have the trajectory leading to a debt-to-GDP ratio of 150 percent by 2047, well past the point where financial crises typically occur.
In addition, the budget deficit is likely to swell, with the CBO projecting an increase from 2.9 percent of GDP in 2017 to 9.8 percent in 2047.
Congress in December passed a tax reform measure likely to cost $1.5 trillion and earlier in the week reached a budget plan that raises spending limits by about $300 billion over the next two years.