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May 5, 2017 5:37 PM Unemployment rate drops to lowest level in a decade in April as economy adds 211,000 jobs

The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed, calming fears that had bubbled up in the past month about the state of the economy. Employers added 211,000 jobs in April as the unemployment rate ticked down to 4.4 percent, the lowest 68

April 28, 2017 11:47 PM Trump really needs an economic boom. So far, he’s not getting one

President Trump came into office promising to make the economy grow at rates the United States hasn't seen for decades. On Friday, as the government reported that the U.S. economy expanded in the first quarter at its slowest pace in three years, he got a glimpse of just how far he has to go. In the first official growth estimates of Trump's presidency 100

April 28, 2017 7:55 PM U.S. first quarter growth weakest in three years as consumer spending falters

WASHINGTON The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses. The soft patch at the start of the year is bad news for the Trump administration's ambitions to significantly 60

April 28, 2017 4:29 PM Fatter Paychecks Set to Perk Up U.S. Growth as Consumer Rebounds

Weak consumer spending slowed the U.S. expansion to a crawl in the first quarter, a setback economists view as temporary as wage gains buttress household confidence. Americans spent at the slowest pace since 2009, while a pickup in inflation ate into their income growth, the Commerce Department’s gross domestic product data showed Friday. But a separate 52

April 28, 2017 3:11 PM Congress passes spending deal to keep the federal government open another week

A short-term spending agreement to keep the federal government open for another week overwhelmingly passed Congress on Friday. The House voted 382 to 30 on Friday to approve the deal and the Senate unanimously approved it a short time later. House and Senate negotiators are set to work through the weekend to finalize a longer-term deal that would fund the government 57

April 28, 2017 3:45 AM House will not vote on Affordable Care Act rewrite, smoothing way for government to stay open

Despite pressure from the White House, House GOP leaders determined Thursday night that they didn’t have the votes to pass a rewrite of the Affordable Care Act and would not seek to put their proposal on the floor on Friday. A late push to act on health care had threatened the bipartisan deal to keep the government open for one week while lawmakers crafted 47

April 24, 2017 9:47 PM Trump seeks 15 percent corporate tax rate, even if it swells the national debt

President Trump is pursuing a drastic cut in the corporate tax rate, a move that is likely to grow the national debt and breach a long-held Republican goal of curbing federal borrowing. The president has instructed advisers to propose cutting the corporate tax rate from 35 percent to 15 percent, according to White House officials who said they were not authorized 53

April 14, 2017 1:48 PM West Virginia governor displays bull dung, as budget metaphor – yes, this really happened

The Democratic governor publicly presented a tray of actual bull manure Thursday in the state capitol as he announced his veto of a Republican-backed budget package – leaving no doubt what he thinks of it. In a piece of political theater that frankly stunk, Justice held his news conference standing over three covered serving trays. He lifted their silver 41

April 13, 2017 5:53 PM These Assets Would Benefit From a Weaker Dollar

President Donald Trump likes a weaker dollar, and some corners of the market agree. Though the greenback’s knee-jerk reaction from Trump’s comments Wednesday has all but been reversed, the U.S. currency appears to be entrenched in a new range amid prospects of delayed policy from Washington and a slower pace of interest-rate hikes. The Bloomberg Dollar 64

April 10, 2017 10:51 PM How Wells Fargo’s Carrie Tolstedt Went from Fortune Most Powerful Woman to Villain

Wells Fargo will claw back an additional $75 million from two former executives implicated in the bank's phony accounts scandal. In doing so, Wells Fargo has also apparently closed the coffin on the career of Carrie L. Tolstedt, who was prized as a superstar female leader before the bank fired her last year. Following the revelations last summer that thousands 61