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White House economists say they believe the third quarter of 2020 will be the best in US history — channeling new optimism as states reopen following coronavirus lockdowns. Kevin Hassett, a senior adviser to President Trump, told reporters on Friday that he expects US GDP to drop by about 40 percent in the second quarter …
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US restrictions against Huawei could devastate the Chinese technology giant and escalate tensions between Beijing and Washington already heightened amid the coronavirus pandemic. The Commerce Department issued new guidelines on Friday barring any non-American chipmaker from supplying Huawei Technologies Co. without first getting approval from the US government. Taiwan Semiconductor Manufacturing Co., the world’s largest …
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White House Economic Adviser Larry Kudlow on Friday floated the idea of cutting the corporate tax rate in half for US companies who bring their operations back from other countries. “Why not provide a 50 percent discount for the corporate tax rate if you’re moving from outside the US to the US?” Kudlow told reporters …
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American and Chinese officials agreed to forge ahead with implementing their landmark trade deal despite a bitter spat over China’s handling of the coronavirus pandemic. Officials from both nations agreed on a Thursday conference call that they were making “good progress” toward setting up the government infrastructure needed to make the phase-one agreement a success, …
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Michelle Obama had White House butlers ditch their uniforms because she didn’t want her daughters thinking that “African American men served them in tuxedos,” she revealed in a Netflix documentary aired Wednesday. The former First Lady said the get-ups worn by the butlers — elderly African American and Latino men — sent the wrong message …
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The Trump administration is considering dissolving the White House coronavirus task force within several weeks, the New York Times reported Tuesday. Olivia Troye, a senior adviser to Vice President Mike Pence, has told officials on the task force to expect the group to complete its activities in the coming weeks. “We’re having conversations about that,” Pence …
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The researcher who developed a model predicting a steep surge in the country’s coronavirus cases and deaths has said that he was not aware that his work, which “was not in any way intended to be a forecast,” had been drafted into a government report. The data, first reported on Monday, warned that the U.S. …
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Tech companies are finding themselves at the center of the falling out between the US and China as the two nations spar over the Communist Party’s handling of the coronavirus pandemic. Quarterly earnings reports are due out this week from Google, Facebook, Apple, Amazon and Microsoft, which will offer a first look at just how …
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Rep. Justin Amash speaks at the Liberty Political Action Conference (LPAC) in Chantilly, Va., September 19, 2013. Congressman Justin Amash (I., Mich.), who left the Republican party last year after breaking caucus ranks by calling for President Trump’s impeachment, said Monday that he is considering a White House run as an independent. “Americans who believe …
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Senator Kamala Harris (D., Calif.) on Wednesday labeled President Trump a ‘drug-pusher’ for continually touting hydroxychloroquine as a possible treatment for coronavirus. “The president keeps taking the stage and as opposed to what Dr. [Anthony] Fauci and medical health professionals are telling us, pushing this drug,” Harris said on The View. “He’s got to stop — …
White House economists say they believe the third quarter of 2020 will be the best in US history — channeling new optimism as states reopen following coronavirus lockdowns. Kevin Hassett, a senior adviser to President Trump, told reporters on Friday that he expects US GDP to drop by about 40 percent in the second quarter …
