Tags » Commerce Department

Trump’s New Trade Guru May Actually Be the Adult in the Room

The appointment this week of yet another protectionist to U.S. President-elect Donald Trump’s nascent economic team is being met with an unusual reaction on both sides of the aisle in Washington: a little relief, and a tiny glimmer of optimism. 1,284 more words

China

Making News: Thom Hartmann Interview on Trump and Trade Now On-Line

I’m pleased to announce that the video of my appearance last night on RT America’s The Big Picture with Thom Hartmann is on-line!  Click on this… 51 more words

Trade

Trump Taps Protectionist Robert Lighthizer as His New Trade Rep

On Tuesday, President-elect Donald Trump announced trade lawyer and former Reagan administration official Robert Lighthizer as his pick for U.S. trade representative, adding another protectionist voice to a constellation of free-trade bashers the president-elect has assembled even before taking office. 668 more words

The Cable

 If the U.S. economy develops trouble any time soon, it will occur somewhere other than the household sector.  American consumers, quite contrary to their sometimes-profligate behavior in the past, have maintained a remarkable discipline throughout this recovery, keeping spending growth in line with income growth and improving their balance sheets. 

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U.S. second quarter economic "growth" revised downward -- Gross domestic product expanded at a 1.1 percent annual rate

By Reuters
August 26, 2016

WASHINGTON, (Reuters) – U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. 553 more words

US New-Home Sales Rise To Best Level Since Late 2007

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WASHINGTON (AP) – Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, as low mortgage rates and a steady job market are fueling a real estate surge. 105 more words

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