Trump administration

President Trump is reversing his positions on some key economic issues, as a Wall Street Journal interview revealed: China (no longer calling it a currency manipulator); the Export-Import Bank (supports it); Federal Reserve Chair Janet Yellen (likes her, would like to see interest rates stay low), to name a few. What’s behind all this? Is […]

NATO Secretary-General Jens Stoltenberg is wrapping up a two-day visit to the U.S. Later today, he’ll hold a joint press conference with President Trump in Washington. The U.S. is the main contributor to the military alliance. Trump, like many presidents before him, has repeatedly called on the other 27 NATO members to spend more on defense. […]

Weapons, oil and other investments keep money flowing between the two countries.

President Trump’s budget director, Mick Mulvaney, made some waves a few weeks ago when he defended cuts to the community development block grant program because “We can’t spend money on programs just because they sound good.” It can be hard to justify spending on things like Meals on Wheels or children’s after school-programs, because their […]

Republicans, including President Trump, have been talking about bringing back Glass-Steagall, the 1930s law requiring banks to separate their commercial and investment banking businesses. Gary Cohn, the president’s economic adviser, reportedly told senators he supports that proposal in a private meeting yesterday, according to Bloomberg. If Glass-Steagall were to be reintroduced, what would that mean […]

U.S. Attorney General Jeff Sessions has ordered the Department of Justice to take a close look at consent decrees in place at police departments across the country. They’re agreements a local police department signs on to after the department’s civil rights division investigates its policing practices, often in the wake of a high-profile shooting or […]

China’s President Xi Jinping will have talks with President Trump on Thursday at the Mar-a-Lago resort in Florida. Last week, Trump tweeted that the meeting would be “very difficult.” The U.S. has a $347 billion trade deficit with China. In the election campaign, Trump also threatened to label China a “currency manipulator,” a designation that could […]