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Articles written by Josh Boak

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AP FACT CHECK: Trump plays on immigration myths

WASHINGTON (AP) — President Donald Trump has long railed against immigration as a scourge on the economy and national security. He's committed his administration to starting construction on a wall along the Mexican border to stop illegal...

 

Economy likely to pick up, though pain may linger for some

BALTIMORE (AP) — The U.S. economy will likely resume its steady growth now that the government has reopened, though economists say some scars — for the nation and for federal workers — will take time to heal. Most analysts estimate that the...

 

Trump's push for tariffs squeezes a weakening global economy

NEW YORK (AP) — The global economy was already showing signs of a slowdown when President Donald Trump reminded the world of his love of tariffs and sent a chill through financial markets. "I am a Tariff Man," Trump announced Tuesday to signal his...

 

AP FACT CHECK: 'Tariff Man' Trump wrong on import taxes

WASHINGTON (AP) — President Donald Trump promised on Twitter that tariffs would maximize the country's economic heft and "MAKE AMERICA RICH AGAIN." Almost all economists say the president is wrong. That's because tariffs are taxes on imports. They...

 

Darkening clouds start to overhang global economic expansion

WASHINGTON (AP) — After galloping along for the past two years, the global economy is showing signs of weakening, with the United States, China and Europe all facing the rising threat of a slowdown. Few economists foresee an outright global...

 

With split Congress, prospect for economic deals looks dim

WASHINGTON (AP) — President Donald Trump floated the idea Wednesday of partnering with the newly Democratic-led House on two ideas that could prove popular with voters: Increasing spending on America's infrastructure and limiting drug prices. Yet...

 

For some, a vibrant US economy complicates voting decision

EXTON, Pennsylvania (AP) — For many voters in America's affluent suburbs, a flourishing economy is forcing a thorny dilemma for the midterm elections. Do they vote Democratic, in part to protest President Donald Trump for behavior some see as...

 

Progress? Gridlock? How midterm vote could affect US economy

WASHINGTON (AP) — President Donald Trump has warned that if Democrats regain political power in the midterm elections, the U.S. economy would essentially implode. Democrats, he insists, would push tax hikes and environmental restrictions that...

 

Higher rates both a sign of US economic might and risk to it

WASHINGTON (AP) — This week's dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultra-low interest rates to fuel growth. Borrowing costs are rising for companies, homebuyers and the...

 

As joblessness falls, skilled workers might be hard to find

Are America's employers at risk of running out of skilled people to hire? The U.S. economy has become a seemingly perpetual job-generating machine, having steadily added workers for nearly eight years. Even with the unemployment rate now at 3.7 perce...

 

US industrial production rose a solid 0.4 percent in August

WASHINGTON (AP) — U.S. industrial production rose by a healthy 0.4 percent in August, boosted by gains in the production of autos, oil and natural gas. The Federal Reserve said Friday that industrial production, which includes output at factories,...

 

Trump: Ready to tax an additional $267B in Chinese imports

WASHINGTON (AP) — President Donald Trump said Friday that he's prepared to impose tariffs on an additional $267 billion in Chinese imports. Such a step would significantly escalate his trade war with Beijing and would likely increase costs for a...

 

Details of the preliminary US-Mexico trade deal, at a glance

WASHINGTON (AP) — When President Donald Trump celebrated on Monday the workings of a new deal with Mexico that would replace the North American Free Trade Agreement, numerous questions were left unsettled. No full text has yet been provided. On...

 

AP-NORC Poll: Americans not enthused with Trump trade policy

WASHINGTON (AP) — Fewer than half of Americans expect President Donald Trump's tariffs to do much to help the U.S. economy, but their widespread unpopularity hasn't led most Republicans to stray from supporting the president's trade policy as the...

 

Consumer prices up 2.9 pct, leaving Americans worse off

WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. The Labor Department said Friday that the consumer p...

 

Trump claims US is 'economic envy of the entire world'

WASHINGTON (AP) — President Donald Trump on Friday celebrated the release of new economic data, claiming the U.S. is now the "economic envy of the entire world." Trump was responding to new growth numbers announced on Friday that show the U.S....

 

US adds a solid 213,000 jobs; unemployment up to 4 pct.

WASHINGTON (AP) — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs, a sign of confidence in the economy despite the start of a potentially punishing trade war with China. The job growth wasn't enough to keep the unemploymen...

 

US consumer prices up 0.2 pct. in May, 2.8 pct. annually

WASHINGTON (AP) — U.S. consumer prices rose 0.2 percent in May, with surging gasoline costs driving much of the increase. The Labor Department said Thursday that the consumer price index climbed 2.8 percent last month from a year earlier, putting...

 

US services firms grew at faster pace in May

WASHINGTON (AP) — U.S. services firms expanded at a stronger pace in May compared to the prior month, as companies saw gains in business activity, new orders and employment. The Institute for Supply Management said Tuesday that its services index...

 

2nd-longest US expansion on record keeps churning out jobs

WASHINGTON (AP) — The U.S. economy has delivered steady if only modest gains for most Americans since the Great Recession ended in 2009. It's been a frustration for many. Yet the very sluggishness of the economic expansion helps explain why it's...

 

US adds a modest 164,000 jobs; unemployment down to 3.9 pct.

WASHINGTON (AP) — U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy's resilience amid the recent stock market chaos and anxieties about a possible trade war. Job growth...

 

US-China trade rift could squeeze growth and hurt consumers

WASHINGTON (AP) — Higher prices. Slower growth. Farmers losing access to their biggest foreign market. Even President Donald Trump is warning that Americans might have to accept "a little pain" before they enjoy the fruits of his escalating trade...

 

Trump's possible China tariffs send opponents scrambling

WASHINGTON (AP) — President Donald Trump is considering broad tariffs on imports from China and an announcement could come as soon as next week. Industry groups and some lawmakers are scrambling to prevent a new front in a potential trade war that...

 

Trump's possible China tariffs bring loud protests _ in US

WASHINGTON (AP) — President Donald Trump is considering sweeping tariffs on imports from China, with an announcement possible as early as next week. And that has industry groups and some lawmakers scrambling to prevent the next front in a...

 

Trump picks camera-proven Kudlow as top economic aide

WASHINGTON (AP) — President Donald Trump has chosen Larry Kudlow to be his top economic aide, elevating the influence of a longtime fixture on the CNBC business news network who previously served in the Reagan administration and has emerged as a le...

 

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