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Donald Trump

Do tax cuts automatically lead to economic growth?

by Sabri Ben-Achour
Jun 6, 2017
It depends on what kind of taxes are cut and how they are paid for.
Office of Management and Budget Director Mick Mulvaney discusses the Trump administration's proposed fiscal year 2018 budget at a press conference. The $4.1 trillion budget would cut programs for the poor while offering big tax cuts for the wealthy.
Chip Somodevilla/Getty Images
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The powerful interests fighting tax simplification

by Ryan Kailath
Jun 5, 2017
The White House says a revamp will boost revenues. Democrats want an easier system, too. So why hasn't it happened?
“When you're doing your taxes, you're just the IRS' lowest-paid employee,” said Austan Goolsbee, former chairman of Obama's Council of Economic Advisers. “All you’re doing is typing in information they already have.”
Chris Hondros/Getty Images
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The latest numbers on the job market may not align with Trump’s goal

by Mitchell Hartman
Jun 2, 2017
We’ll get the latest government data on the labor market in a couple hours. Analysts are predicting unemployment held steady in May at 4.4 percent, with 185,000 jobs added — right in line with average job growth for the past six months. Now President Trump has promised faster job growth under his administration—25 million new […]
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‘America first’ trade policies don’t play so well in Europe

by Kai Ryssdal and Sean McHenry
May 31, 2017
Protectionist trade policies could make U.S. trade deals harder to come by.
JONATHAN ERNST/AFP/Getty Images
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Businesses will keep cutting carbon despite the US withdrawal from the Paris accord

by Nancy Marshall-Genzer
May 31, 2017
Businesses, including Dow and Proctor & Gamble, have vowed to continue fighting climate change. So how much does the Paris agreement matter then?
The One World Trade Center in New York City is illuminated with green light on June 1 at the direction of New York Governor Andrew Cuomo, in response to President Donald Trump's decision to pull the United States out of the Paris climate accord.    
Drew Angerer/Getty Images
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Refugee agencies in the U.S. are feeling strained

by Sally Herships
May 31, 2017
With the number of refugees allowed to enter the country in flux, those who help them are feeling financial pressures and anxiety.
Scott Eisen/Getty Images
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A look at why the U.S. is running a trade deficit with Germany

by Sabri Ben-Achour
May 30, 2017
President Trump’s tweet Tuesday about the U.S.’s “massive” trade deficit with Germany got us wondering about just how big that deficit is, and why we’re buying all those German goods. First, the size of the deficit: The U.S. buys about $65 billion more from Germany than Germany buys from the U.S. One thing that tells […]
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'Let's be real' and open markets, NAFTA architect Carla Hills says

by Kai Ryssdal and Robert Garrova
May 30, 2017
The former US trade representative says there's room for improvement, but restrictions could be costly.
President George Bush caps his pen after signing the North American Free Trade Agreement on Dec. 17, 1992, in Washington, D.C. Looking on are Canadian Ambassador Derek Burney, left, U.S. Trade Rep. Carla Hills and Mexican Ambassador Gustavo Petricioli.
RENAUD GIROUX/AFP/Getty Images
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What happens if Trump pulls out of the Paris Agreement on climate change?

by Andy Uhler
May 29, 2017
The U.S. is obligated to remain in the pact until 2019, but its influence could decrease in the meantime.
President Trump doesn't need approval from the Senate to pull the U.S. from the Paris Agreement.
MIGUEL MEDINA/AFP/Getty Images
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Weekly Wrap

Weekly Wrap: What Trump's budget proposal really means

by Kai Ryssdal
May 26, 2017
Ana Swanson of The Washington Post and Nela Richardson of Redfin join us to discuss the week’s business and economic news. This week, they talk about Donald Trump’s plan on achieving 3 percent economic growth and if the math adds up. How does Paul Ryan plan on dealing with the administration’s budget? Plus, we revisit […]
Office of Management and Budget Director Mick Mulvaney testifies before the Senate Budget Committee Thursday on President Donald Trump's fiscal year 2018 budget proposal.
Win McNamee/Getty Images
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