It might be a moment of hush before chaos ensues, or it may be business as usual. U.S. employers added 151,000 jobs in February, the first full month under the new Trump administration, the Labor Department reported on Friday. The gain extended a streak of job growth to 50 months. The unemployment rate ticked up slightly, to 4.1 percent, from …
Read More »Tag Archives: United States Politics and Government
Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty
Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates. “As we parse the incoming information, we are focused on separating …
Read More »Fired Federal Workers Face a Sluggish Job Market
For about a year now, the labor market has existed in a state of eerie calm: Not many people were losing their jobs or quitting, but not many of those seeking work were getting job offers. The mass layoffs now underway across the federal government, along with its employees who are voluntarily heading for the exits, could disrupt that uneasy …
Read More »Trump’s Policies Have Shaken a Once-Solid Economic Outlook
President Trump inherited an economy that was, by most conventional measures, firing on all cylinders. Wages, consumer spending and corporate profits were rising. Unemployment was low. The inflation rate, though higher than normal, was falling. Just weeks into Mr. Trump’s term, the outlook is gloomier. Measures of business and consumer confidence have plunged. The stock market has been on a …
Read More »Republican Voters Support Medicaid but Want Work Requirements, Poll Finds
As Congressional Republicans weigh major cuts to Medicaid, most voters do not want to see the public health plan’s funding dialed back, according to a poll released Friday by KFF, a nonpartisan health research firm. Just 17 percent of respondents said they supported cuts to Medicaid, the government health insurance program that covers more than 70 million people. Forty percent …
Read More »Trump’s Tariffs by Whim Keep Allies and Markets Off Balance
When the White House finally released the text of Mr. Trump’s orders on Thursday evening, it appeared that some of the tariffs — those covered in the U.S.-Mexico-Canada trade agreement that Mr. Trump negotiated and celebrated in his first term — were indeed permanently suspended. Other tariffs were merely paused. Most everyone involved was confused, which may well have been …
Read More »Defunded Aid Programs Are Asked by Trump Administration to Prove Their Value, on a Scale of 1 to 5
Last week, the Trump administration terminated nearly all of the United States’ foreign aid contracts after telling a federal court that its review of aid programs had concluded, and it had shut down those found not to be in the national interest. But over the last few days, many of those same programs have received a questionnaire asking them for …
Read More »Senators Press Marty Makary on Abortion Pills and Vaccines
At a confirmation hearing for Dr. Marty Makary on Thursday, senators focused heavily on the safety of the abortion pill, with Republican lawmakers urging him to restrict access and Democratic lawmakers demanding that he maintain its current availability. Dr. Makary, President Trump’s nominee to lead the Food and Drug Administration, signaled that he shared Republicans’ concerns about the current policy, …
Read More »Why NASA Is Trying to Go Back to the Moon
NASA is aiming to send astronauts back to the moon, because that is what President Trump set as the destination of the agency’s human spaceflight program during his first term. On Dec. 11, 2017, Mr. Trump signed what the White House called Space Policy Directive 1, which stated that “the United States will lead the return of humans to the …
Read More »Trump Suspends Tariffs on Mexico for a Month
President Trump said on Thursday that he would offer a one-month exemption from tariffs for imports from Mexico that trade under the rules of U.S.-Mexico-Canada Agreement, the trade pact he signed in his first term. The president wrote on Truth Social that he would give Mexican products an exemption until April 2 from the 25 percent tariffs that he levied …
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