Washington DC

Trump says he wouldn't stop Fed Chair Powell if he offered to resign

WASHINGTON (Reuters) - U.S. President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn’t try to stop the chief U.S. central banker if he offered to resign.

Trump, departing the White House to travel to the G7 summit in France, told reporters, “I’m not happy with Jay Powell.”

His comments continued a war of words against Powell that, along with retaliatory tariffs imposed on U.S. goods by China, helped trigger a sharp drop on Friday in the U.S. stock market.

Trump picks new acting national intelligence director

WASHINGTON (AP) — President Donald Trump on Thursday named Joseph Maguire, the nation’s top counterterrorism official, as acting national intelligence director, part of a leadership shake-up at the agency that oversees 17 U.S. spy agencies.

Maguire will become acting director on Aug. 15, the same day that National Intelligence Director Dan Coats’ resignation takes effect. It’s also the same day that deputy national intelligence director Sue Gordon will be walking out the door. Democrats accused Trump of pushing out two dedicated intelligence professionals.

Tight-lipped Mueller faces Congress grilling on Russia probe

24 July 2019; AFP: Robert Mueller arrived on Capitol Hill Wednesday for a marathon day of testimony on the two-year Russian meddling investigation, under pressure to spell out whether he believes President Donald Trump committed a crime.

Three months after releasing the final report on his probe into the 2016 election, much of the American public remains unclear about the former special counsel's findings on whether Trump criminally obstructed justice and whether his campaign colluded with Russians.

Imran Khan says Pakistan offers tremendous business potential for investors

WASHINGTON, July 21 (APP): Prime Minister Imran Khan has invited overseas businessmen and investors to benefit from the economic and business opportunities afforded by Pakistan’s strategic location and the connectivity to the broader region.

He was talking to a group of prospective investors that led by Javaid Anwar, a leading Pakistani-American businessman, called on the prime minister at the Embassy of Pakistan in Washington DC.

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Time running short, showdown looms over border aid package

WASHINGTON (AP) — It took last-minute changes and a full-court press by top Democratic leaders, but the House passed with relative ease a $4.5 billion emergency border aid package to care for thousands of migrant families and unaccompanied children detained after crossing the U.S.-Mexico border.

Why US-China trade war risks hurting firms in both countries

WASHINGTON (AP) — U.S. businesses are imploring President Donald Trump not to expand his tariffs to $300 billion in goods from China that have so far been spared in his trade war with Beijing.

These companies warn that the additional tariffs would drive up prices for consumers, squeeze profits and leave U.S. companies at a competitive disadvantage to foreign rivals that aren’t subject to higher taxes on the components they buy from China.

WB downgrades global growth forecasts, poorest countries hardest hit

UNITED NATIONS, June 6 (APP): The World Bank has lowered its expectations of global economic growth for this year in a new report, saying that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.

The risks to emerging and developing economies include rising trade barriers, slow investment, and economic slowdowns in richer countries.

“Stronger economic growth is essential to reducing poverty and improving living standards,” said World Bank Group President, David Malpass, in a statement released in Washington.

US, Mexico officials to begin talks over tariffs, border

WASHINGTON (AP) — Mexico launched a counteroffensive Monday against the threat of U.S. tariffs, warning not only that it would hurt the economies of both countries but also could cause a quarter-million more Central Americans to migrate north.

A high-level delegation from the Mexican government held a news conference at the embassy in Washington, making the case against President Donald Trump’s threat of imposing a 5% tariff on Mexican imports by June 10.

It is unclear what more Mexico can do — and what will be enough — to satisfy the president.

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