Almost 40% of farm profits this year are expected to come from federal assistance, including the trade programme, according to the American Farm Bureau.
But the payments have stirred controversy as the biggest, richest farms – including some foreign-owned firms – collect a majority of the relief. Lobby groups also maintain farmers want markets, not subsidies. MORE
From The New York Times: In 2017, FedEx paid $1.5 billion in taxes. After The Great American Tax Scam passed, the company paid $0 in 2018. FedEx lobbied hard for the tax cuts. FedEx’s financial MORE
From Donald Trump’s 2016 presidential inauguration through the middle of last month, the American economy added a total of about 6 million jobs. But during a speech to the Economic Club of New York on Tuesday, MORE
Historic low interest rates boosting riches of top households The top 1% of American households have enjoyed huge returns in the stock market in the past decade, to the point that they now control more MORE
Trump said on Thursday that the Fed is a bigger risk to the US economy than China because interest rates here are higher than in other countries. Trump has called for rates to drop to MORE
The Federal Reserve reduced the benchmark U.S. interest rate for the third time this year Wednesday in an effort to boost the economy as the trade war and a global slowdown threaten to drag the MORE
The National Association of Business Economists released a survey on Monday and it appears, businesses are hiring at their lowest level since 2012. The main reason for the downturn in hiring appears trade related; a MORE
The US Treasury reported on Friday that the federal deficit has increased 26% from 2018, to $984 billion. The revenue and spending gap is the highest it has been in seven years. Corporate tax revenues MORE
China Wants More Talks Before Signing Trade Deal With Trump Source: The U.S. and China have emerged from last week’s talks with different takes on what’s in the accord and how close they are to MORE
Houston Rockets sneakers and other merchandise were pulled from several Nike (NKE.N) stores in major Chinese cities amid the furor surrounding a tweet from the team’s general manager in support of anti-government protests in Hong MORE
A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than the MORE
During his campaign, Trump promised Cult 45 he would eliminate the deficit within 8 years. Hopefully, voters will just send him home as opposed to giving him any more years. Trump inherited a deficit of MORE
Stop me if this sounds familiar: For most American workers, real wages have barely budged in decades. Inequality has skyrocketed. The richest workers are making all the money. Earnings for low-income workers have been pathetic this entire MORE
Trump can try to spin this all he wants but his Trade War has cost the United States billions of dollars and no end appears in sight. Analysts blame Trump’s War as a major contributing MORE
US manufacturing survey shows worst reading in a decade. Source: A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war. The MORE
Unless you can make your own Gorgonzola, Parmigiano-Reggiano, (the area of Italy ,which produces this hard, delicious cheese), Provolone, Romano, or other delightful Italian formaggio, thank Trump and his Tariff War because you’re about to MORE
A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war. The U.S. manufacturing Purchasing Managers’ Index from the Institute for Supply MORE
On Wednesday, the House passed the SAFE Banking Act by 321-103 . The Act “would provide state-legal marijuana businesses with full access to banks and other financial services, as well as allow consumers to use credit- and debit MORE
In August, Trump spoke to workers at Royal Dutch Shell Plc in Pennsylvania and claimed that assembly lines in their state were ‘roaring.’ Unsurprising to anyone who has tracked the number of lies Trump has MORE
The Trump administration exempted numerous Chinese products from tariffs while the two countries figure out how they want to resolve their Trade War. The items total approximately $250 billion dollars in good and include the MORE
MOUNTAIN VIEW, Calif. —President Trump maligned the problem of homelessness in California as he arrived in the nation’s most populous state Tuesday, arguing that people living on the streets here have ruined the “prestige” of MORE
The United Auto Workers union plans to strike against General Motors following the two sides not reaching a tentative deal before a Saturday night deadline. The strike, depending on its length, could easily cost GM hundreds MORE
After this weekend’s drone attack on Saudi oil plants, crude prices jump 12 percent. Brent crude traded at $70.98 per barrel on oil futures markets Sunday, an 18 percent surge from Friday’s close of $60.15, MORE
With a few weeks left in the fiscal year, the U.S. budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, MORE
U.S. President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks’ earnings in the process. MORE