Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
(Adds background on Democrats and climate change)
WASHINGTON, May 2 (Reuters) - The U.S. House of Representatives on Thursday passed its first climate-change bill in a decade, voting 231-190 to require that Trump administration keep the United States as a party to the Paris Climate Agreement.
The Climate Action Now Act would require President Donald Trump to develop a plan for the United States to meet the goals it committed to in the Paris agreement to reduce its greenhouse gas emissions and block federal funds from being used to advance the formal U.S. withdrawal from the pact.
Trump has stood by his 2017 decision to withdraw the United States from the 2015 climate accord and has been dismissive of regulations aimed at slashing greenhouse gas emissions.
The bill, which passed along party lines, as expected, with three Republicans backing the measure, was meant to signal to the international community that many Americans support the Paris agreement regardless of Trump's decision to abandon it.
Today we sent a message to the president, to the American people and to the world that we recognize the seriousness of the climate crisis, and that we intend to do our part to address it. Today we sent the message: We are still in, " said Representative Frank Pallone, chairman of the House energy committee.
Senate majority leader Mitch McConnell said the Senate would not take up the legislation, dismissing the bill as "political theater" by Democrats.
Democrats have put climate change back on the agenda in Congress after re-gaining the majority in the House earlier this year, holding dozens of hearings on the issue.
Many of the Democratic candidates hoping to challenge Trump in the 2020 presidential election have made climate change a top-tier issue of their campaigns. All have backed re-entering the United States into the Paris Climate Agreement.
A few candidates, including most recently former Texas Representative Beto O'Rourke, have also supported setting a goal for the United States to reach net-zero emissions by 2050 - one of the goals of the Paris agreement.
(Reporting by Valerie Volcovici Editing by James Dalgleish and Leslie Adler)