Economy

President Trump announced higher U.S. tariffs on goods from China. "Our great American companies are hereby ordered to immediately start looking for an alternative to China," he tweeted. It was unclear what Trump could do to force U.S. firms to make such

Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points

5:50pm August 23, 2019

by Avie Schneider

President Trump's move came after Beijing announced tariffs on $75 billion worth of autos and other U.S. goods. In a tweet, he also "ordered" U.S. companies to stop doing business with China.

Federal Reserve Chairman Jerome Powell said Friday that the central bank "will act as appropriate to sustain" the U.S. economic expansion.

More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade Tensions

1:28pm August 23, 2019

by Avie Schneider

The central bank will "act as appropriate" to sustain the economic expansion as the trade war with China takes a toll on global growth and parts of the U.S. economy, Fed Chairman Jerome Powell says.

In rugged, rural areas, patients often have little choice about how they'll get to the hospital in an emergency. "The presence of private equity in the air ambulance industry indicates that investors see profit opportunities," a 2017 report from the feder

Wyoming Wants To Use Medicaid To Reduce Air Ambulance Bills For All Patients

12:57pm August 23, 2019

by Markian Hawryluk

Frustrated with sky-high bills from air ambulance companies, Wyoming hopes to hammer down those charges with more regulation. The companies say such a proposal undermines free enterprise.

U.S. Central Bankers Meet In Wyoming For Annual Conference

7:32am August 23, 2019

NPR's Noel King talks to Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, who is in Jackson Hole for the annual meeting of Fed officials. Chairman Powell is expected to speak.

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Economy

Is The U.S. Economy Strong Enough To Withstand Another Slowdown Or Recession?

4:36pm August 22, 2019

by Jim Zarroli

Signs the economy is weakening have raised concerns about the Trump administration's moves to erode financial safeguards put in place after the last recession.

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CBO Predicts Budget Deficit Will Reach Nearly $1 Trillion This Year

10:28am August 22, 2019

NPR's David Greene talks to Phillip Swagel, director of the nonpartisan Congressional Budget Office, who says the nation's fiscal outlook is challenging and is on an unsustainable course.

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Economy

Would A Payroll Tax Cut Help The U.S. Economy?

5:33pm August 21, 2019

NPR's Audie Cornish speaks with Jason Furman, who was President Obama's chief economic adviser, about Trump administration's consideration to stimulate the economy via payroll tax cuts.

The federal budget deficit is expected to grow to $960 billion this year, the Congressional Budget Office said.

The Federal Budget Deficit Is Getting Bigger As Spending Grows

5:09pm August 21, 2019

by Scott Horsley

The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.

A group representing importers said it was gratified that the Trump administration is lifting the tariffs on Mexican tomatoes. But it cautioned that beefed-up inspections could act as another barrier to free trade.

Tomato Truce: U.S. And Mexico Strike A Deal On Imports

3:49pm August 21, 2019

by Scott Horsley

The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.

ATM Assembly Plant To Close In Greensboro

3:27pm August 21, 2019

by Eddie Garcia

A bank machine assembly plant in Greensboro has announced plans to close, and over 100 jobs will go with it.