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Trump says administration talking to Democrats about meaningful gun legislation
Yesterday, 20:24
WASHINGTON (Reuters) - President Donald Trump said on Tuesday that his administration was in discussions with Democrats to produce some sort of meaningful gun legislation following mass shootings in the United States in recent weeks. Trump, speaking to reporters at the start of a meeting with the Romanian president, declined to say whether he supported any of the gun legislation backed by Democrats in the U.S. House of Representatives. "We ..
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Trump says he will decide on foreign aid spending cuts within week
Yesterday, 20:21
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday that he was looking at various options for a budget package that could cut billions of dollars in foreign aid and that he would decide on the issue "sooner than a week." Defying Congress, Trump administration officials have said they are reviewing State Department and U.S. Agency for International Development spending with an eye to using a budget process known as "rescission" to ..
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Trump looking at possible U.S. payroll, capital gains tax cuts
Yesterday, 20:18
WASHINGTON (Reuters) - President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything imminently. Speaking to reporters during a White House visit by Romanian President Klaus Iohannis, Trump said "I've been thinking about payroll taxes for a long time." The Washington Post has reported the ..
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House panel says 'time is of the essence' in Trump tax return fight
Yesterday, 20:15
By Jan Wolfe (Reuters) - A U.S. House of Representatives committee on Tuesday urged a federal judge to quickly resolve its bid to obtain President Donald Trump's tax returns, which the Trump administration has refused to turn over. In a filing in the U.S. District Court for the District of Columbia, the House Ways and Means Committee said "time is of the essence" in resolving the case it brought last month seeking to compel the ..
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Boeing hiring as it targets 737 MAX fights resuming 'early fourth quarter'
Yesterday, 20:12
By Eric M. Johnson SEATTLE (Reuters) - Boeing (NYSE:BA) Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October. The world's largest planemaker, burning cash as one of the worst crises in its history stretches into a sixth ..
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Spot Gold Recaptures $1,500 After 2-Day Lag as Longs Bet Again on Dovish Fed
Yesterday, 20:09
By Barani Krishnan - Gold bullion reclaimed its stake in $1,500 territory on Tuesday after a two-day abeyance from that level as gold longs bet again on the yellow metal’s fortunes ahead of the Federal Reserve meeting next month. Spot gold, reflective of trades in bullion, was up $10.37, or 0.7%, at $1,506.34 per ounce by 3:00 PM ET (19:00 GMT). Bullion had fallen beneath $1,500 over the past two sessions as some investors ..
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Trump says Deputy Secretary of State Sullivan could be next envoy to Moscow
Yesterday, 20:06
WASHINGTON (Reuters) - U.S. Deputy Secretary of State John Sullivan "could very well be" the next U.S. ambassador to Russia, President Donald Trump said on Tuesday. If nominated, Sullivan would succeed Jon Huntsman who resigned earlier this month as Washington's envoy to Moscow amid speculation he plans to run for Utah governor. ..
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Trump says had to 'take China on,' regardless of short-term impact on U.S.
Yesterday, 20:03
WASHINGTON (Reuters) - President Donald Trump on Tuesday said the current U.S. standoff with China over trade was necessary, adding that China still wants to make a deal. "Somebody had to take China on,” he said to reporters during a White House visit by Romanian President Klaus Iohannis. "Whether it's good or bad short-term is irrelevant.” ..
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Bitcoin Flat After Failing to Break $11,000
Yesterday, 19:12 -- Bitcoin struggled for direction on Tuesday, swinging between gains and losses after the popular crypto’s test of $11,000 was met with resistance. Bitcoin rose 0.33% to $10,754.20, not far from a session high of $10,993. Traders are anxiously waiting for the popular cryptocurrency to break decisively above $11,000, which they believe could be a catalyst for a prolonged move higher. Bitcoin and the broader crypto market are ..
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Latin America lacks ammunition to fight global economic slowdown
Yesterday, 19:09
By Jamie McGeever BRASILIA (Reuters) - As policymakers around the world scramble to prevent an economic slowdown from morphing into a global recession, Latin America's largest countries may find the growth-boosting arsenal at their disposal is worryingly scarce. In Brazil and Mexico, the region's biggest economies, weak budgetary positions are a fiscal straightjacket for governments. Meanwhile, central banks are wary of cutting ..
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