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Trump fills out his economic team with two veterans of his first administration
Read full article: Trump fills out his economic team with two veterans of his first administrationPresident-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team.
‘Great resignation’ reaches White House with staff turnover
Read full article: ‘Great resignation’ reaches White House with staff turnoverNot even the White House is immune from the economic trend that's been called the "great resignation” as employers struggle to fill vacancies and workers jump to new jobs at record rates.
White House punts economic update as election draws near
Read full article: White House punts economic update as election draws nearPaul Winfree, a former Trump White House director of budget policy, doubted that the holdup on the economic update was on Trump's radar. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, noted that the law requires the White House to update its budget forecast. In 2017, the Trump administration criticized the Obama administration for rosy expectations of growth during the Great Recession more than a decade ago. An updated forecast in the mid-session review could make the Trump White House a similar target for criticism. This is a White House that is in denial about the trajectory of the economy.___Associated Press writers Alexandra Jaffe and Emily Swanson in Washington contributed to this report.
Trump points to good news as restaurant owners tell of fears
Read full article: Trump points to good news as restaurant owners tell of fearsPresident Donald Trump speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. It almost feels like today is the first day," Trump said at another point in the meeting. "So Im very happy, and the markets up very big, Trump said earlier in the day at another White House meeting. Trump met with restaurant owners and executives in the afternoon. I think you're going to have to open a lot of additional restaurants in this country," Trump told the executives.
Trump hears restaurant owners' worries, sees good days ahead
Read full article: Trump hears restaurant owners' worries, sees good days aheadPresident Donald Trump speaks during a meeting with restaurant industry executives about the coronavirus response, in the State Dining Room of the White House, Monday, May 18, 2020, in Washington. It almost feels like today is the first day," Trump said at another point in the meeting. "So Im very happy, and the markets up very big, Trump said earlier in the day at another White House meeting. Trump met with restaurant owners and executives in the afternoon. I think you're going to have to open a lot of additional restaurants in this country," Trump told the executives.
Democratic senators propose $2,000 monthly payments to most Americans
Read full article: Democratic senators propose $2,000 monthly payments to most AmericansHouse Speaker Nancy Pelosi has been pushing to get the bill finalized and voted on by the full chamber this week. House Democrats are circulating provisions to allow all eligible voters to vote by mail, according to Democratic aides. Also Democrats are pushing hard to include direct assistance to Americans, including recurring payments of up to $2,000 a month during the crisis. Democratic Rep. Ro Khanna of California, a leading proponent of the effort, told CNN Monday that he's "cautiously optimistic" the provisions will be included in the Democratic bill. "We must act boldly to support state and local entities to address coronavirus-related outlays and lost revenue," she told Democrats.
White House economist Kevin Hassett is for legal immigration
Read full article: White House economist Kevin Hassett is for legal immigration(CNN) - Expanding legal immigration could boost the American economy, said outgoing White House economic adviser Kevin Hassett. "We could absolutely improve the economy with immigration reform, and that's why we rolled out a plan to do that," Hassett said. Hassett, who will leave office soon, advocated for a points-based immigration system, which would consider factors like education to determine an immigrant's eligibility. Immigrant rights advocates object to Trump's merit-based immigration plan, arguing it favors well-off immigrants over asylum seekers and people without means. Trade deal hopesOn trade negotiations with China, Hassett said he believed all want to get a deal done.