News Story of the Day: The U.S. economy may have cooled off a bit from the second-quarter, but it is still expanding at a rapid rate. According to the Bureau of Economic Analysis (BEA), the gross domestic product rose at an annualized pace of 3.5 percent, beating market expectations of 3.4 percent. This was driven primarily by consumer spending, […]
Archives for October 2018
U.S. steel prices surge 26% amid Trump tariffs
The U.S. steel industry might be celebrating, but the rest of the country that relies on steel isn’t chuckling much. Because of President Donald Trump’s tariffs on steel imports, ranging from 10 to 20 percent, U.S. steel prices keep climbing higher and higher. So far, they have surged as much as 26 percent. With the […]
U.S. goods trade deficit spikes to record high in September
Well, President Donald Trump is not going to be happy about this. According to the latest numbers from the Department of Commerce, the goods trade balance declined to $76.036 billion in September, beating the July 2008 record high deficit of $76.025 billion. Last month, imports climbed 1.5 percent to $216.988 billion and exports increased 1.8 […]
MAGA? Most Americans say they have not benefited from Trump economy
Are you better off now than you were two years ago? That’s the question that political candidates often ask audiences. It was unique when politicians first started doing it, but now it’s cliche. At the beginning of the 2016 election, President Donald Trump promised that Americans would get so tired of winning from his policies. […]
FAKE NEWS: CNN says Trump wants to pass middle-income tax cuts before midterms
On Monday, President Donald Trump says he and the Republicans want to cut taxes by about 10 percent for middle-income Americans. Because Congress is not in session, he wants to try to impose the middle-class tax cuts after the midterms. The Counterfeit News Network then mocked the president and reported some fake news that he […]