Category: Economy

The Regime in Pyongyang Shutting Down As America Ramps to End Repressive Regime

The economic situation in North Korea is deteriorating by the day as the US renews its efforts to bring down the repressive regime of Kim Jong Un which has starved and murdered millions of its citizens. A few week ago, the United Nation’s General assembly unanimously passed the implementation of even harsher trade and economic

The US Opposes The Market Economy Status For China At WTO

The US has given a formal statement to the World Trade Organization that it opposes a move to grant China market economy status. If China maintains a market economy status, it will disallow the US to have high anti-dumping duties to goods from China. The opposition statement was submitted in support of the European Union

Investigation finds IRS targeted conservative and progressive group

An investigation into allegations of partisan behavior at the Internal Revenue Service has turned up evidence that both liberal and conservative groups were targeted for extra scrutiny. According to The Washington Post, the investigation’s findings cast doubt on Republican allegations that President Obama ordered the agency to target conservative groups. The allegations of bias were

Republicans release first draft of tax reform proposal

On Tuesday, Senate Majority Leader Mitch McConnell (R-Ky.) said it was time for the Republicans to give up on health care and move on to tax reform. On Wednesday, Republicans presented the first version of their tax reform proposal. Critics argue it will increase deficits and is too generous to the wealthiest Americans. According to

Treasury Secretary Steve Mnuchin Could Stop The New $20 Bill Proposal

The government changes U.S. currency bills to stop counterfeiters. Treasury Secretary Steve Mnuchin said that was his number one priority, but there are some people in Washington that believe Mnuchin has another plan up his Trump-like sleeve. Former Secretary of the Treasury Jack Lew put a proposal in place when Obama was president, and his

Second-Quarter Gross Domestic Product Growth Hits Trump’s 3.0 Percent Figure

Trump’s twitter fingers will get more exercise, thanks to the Commerce Department. The Commerce Department’s second-quarter estimate of gross domestic product growth is 3.0 percent. That’s better than some economists predicted. The consensus was Q2 results would be 2.7 percent, thanks to strong consumer spending. The first-quarter 1.2 percent figure was a disappointment, and the