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U.S. treasury chief to visit China soon

 U.S. Treasury Secretary Steven Mnuchin will plan for another trade meeting in China at some point soon, a Treasury spokesman said on Tuesday, adding to President Donald Trump’s earlier statements ...

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A devastating analysis of the tax cut shows it’s done virtually no economic good

A devastating analysis of the tax cut shows it’s done virtually no economic good

You may remember all the glowing predictions made for the December 2017 tax cuts by congressional Republicans and the Trump administration: Wages would soar for the rank-and-file, corporate investments would ...

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The next US president must urgently address inequality

The next US president must urgently address inequality

Inequality in the United States has reached such levels lately that even members of the “one percent” have started worrying. Ray Dalio, founder of Bridgewater Associates hedge fund who is ranked 57th wealthiest person ...

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Five ways the shutdown is affecting the economy

Five ways the shutdown is affecting the economy

The partial government shutdown has injected a fresh dose of uncertainty into an increasingly complicated economic landscape for the U.S. Hundreds of thousands of federal employees, as well government contractors, ...

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The middle class in America is under siege

The middle class in America is under siege

In April, 2007, I pitched a story to my editors  about “income inequality in America.” The New York Times recently had written a story about inequality being worse than at any time ...

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America’s middle class is shrinking

America’s middle class is shrinking

Over the past four decades, the American middle class has been shrinking relative to upper- and lower-income groups, both of which represent bigger shares of the population than at any time since ...

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The next recession could happen sooner than we think

The next recession could happen sooner than we think

We are seeing the longest Standard & Poor’s (“S&P”) 500 equity market rally on record and key recession indicators suggest at least another two years of economic growth. But geopolitical ...

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Gas prices in Southern California are rising toward $4 a gallon becaus of decreasing of Iranian exports

Gas prices in Southern California are rising toward $4 a gallon becaus of decreasing of Iranian exports

Gasoline prices are climbing toward $4 a gallon in Southern California, boosted in large part by a rise in worldwide crude oil prices. The average pump price for regular gas ...

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Trump paid sober tribute to victims of crashed Flight 93 in Pennsylvania

Trump paid sober tribute to victims of crashed Flight 93 in Pennsylvania

(CNN)President Donald Trump paid sober tribute to victims of crashed Flight 93 in Pennsylvania on Tuesday, the anniversary of the September 11 terrorist attacks. “This field is now a monument ...

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Fitch: US-China trade war will get worse

Fitch: US-China trade war will get worse

The ongoing and rising trade dispute between the U.S. and China will get worse, an official from global ratings agency Fitch Ratings said Thursday. “There is every reason to believe that the ...

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