economy

Top Trump aide stops short of echoing boss’ claim that economy is ‘best it’s ever been’
But Lawrence Kudlow touts wage growth and low unemployment rate

Larry Kudlow, director of President Donald Trump’s National Economic Council, says the economy under Trump will “rank up there” with previous strong economies. (Yasin Ozturk/Anadolu Agency via Getty Images)

Donald Trump’s chief economic adviser on Friday stopped short of endorsing the president’s repeated claim that the U.S. economy is at its strongest point in the country’s history.

“In history? I think it’ll rank up there, yes,” Lawrence Kudlow told CQ Roll Call on Friday. But he notably did not say the U.S. economy is the strongest it’s ever been as his boss heads into what pollsters and strategists in both parties say could be a photo-finish election.

Trump signs ‘phase one’ China pact, first of two trade milestones this week
Senate to take up NAFTA replacement before impeachment trial begins

President Donald Trump gestures as he speaks during a “Keep America Great” campaign rally in Milwaukee on Tuesday night. (Saul Loeb/AFP via Getty Images)

Amid the impeachment proceedings on Capitol Hill, President Donald Trump on Wednesday signed the first of two significant milestones on trade — an agreement with China that amounts to a ceasefire in his war with the Asian giant.

Trump is expected to get a second win on the issue later this week, with the Senate expected to approve a revised trade agreement with Canada and Mexico. Aides say Trump plans to trumpet both as part of his reelection sales pitch that he is a good steward of the economy.

Hoyer: House priorities for 2020 include health care, infrastructure, climate, redistricting
Legislative action also planned on appropriations, defense, education, housing, modernizing Congress

House Majority Leader Steny H. Hoyer is outlining a busy legislative agenda for 2020. (Tom Williams/CQ Roll Call file photo)

House Democrats in 2020 plan to pass legislation on top party priorities like health care, infrastructure and climate as well as more under-the-radar subjects like modernizing Congress and redistricting — all while trying to fully fund the government on time for the first time in 24 years, Majority Leader Steny H. Hoyer said.

The No. 2 Democrat, who is in charge of the floor schedule, outlined his legislative priorities for the year in an interview with CQ Roll Call. The aforementioned issues were among a long list that Hoyer said Democrats plan to pursue in the second session of the 116th Congress. Others the Maryland Democrat mentioned include education, taxes, the annual defense and intelligence authorizations, and reauthorizations of the Foreign Intelligence Surveillance Act and National Flood Insurance Program.

‘Eliminated’ Soleimani and ‘booming’ economy: Takeaways from Trump’s first 2020 rally
President alleges ‘Crazy Bernie’ condemned U.S. military strike on Soleimani

President Donald Trump speaks during a reelection rally at the Huntington Center in Toledo, Ohio, on Thursday night. (Kyle Mazza/Anadolu Agency via Getty Images)

ANALYSIS — “Hello, Toledo,” President Donald Trump told an arena full of supporters Thursday night as he made clear he believes the Buckeye State is now solidly GOP territory.

“We love Toledo, you remember, I was here a lot,” Trump said at the top of another raucous campaign rally. “You remember 2016 — what a year that was, right?”

South Dakota tribe clears hemp plan but governor opposes industry
South Dakota is one of three states that don’t allow production of industrial hemp

Hemp flower on display at the Tennessee Grown booth at the Southern Hemp Expo in Franklin, Tenn., in September 2019. (Bill Clark/CQ Roll Call file photo)

The Flandreau Santee Sioux cleared a major hurdle when the Agriculture Department approved its plan for growing industrial hemp on reservation land, but the tribe may face other obstacles in a state where laws still prohibit hemp farming.

Gov. Kristi Noem, a former Republican House member, vetoed legislation in 2019 that would have amended state law to allow South Dakota farmers to grow hemp after Congress legalized the plant and its products in the 2018 farm bill. Federal law had previously treated hemp, like its botanical cousin marijuana, as an illegal substance although hemp has a lower concentration of the psychoactive compound delta-9-tetrahydrocannabinol, or THC.

Long wait for China tariff exemptions pays off for some
About a third of requests for exemptions from tariffs were granted in first two tranches of tariffs

President Donald Trump and Apple CEO Tim Cook, to Trump’s right, tour the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, in November. Apple has fared better than most companies in winning exemptions on tariffs on Chinese imports. (Mandel Ngan/AFP via Getty Images file photo)

The limited scope of the phase one trade deal with China means that the bulk of U.S. tariffs will remain in place for the foreseeable future, leaving U.S. companies hurt by the duties no other choice but to get in line for an exemption if they want to limit the damage.

The record so far shows that it might be worth a shot: on average, importers have a one in three chance of meeting the standard set by the U.S. Trade Representative and getting an exemption or exclusion, according to an analysis by the Mercatus Center at George Mason University.

House passes restored ‘SALT’ deduction bill
Democrats deal symbolic blow to Republicans’ tax code overhaul

Reps. Peter King, R-N.Y., left, and Mike Doyle, D-Pa., make their way to votes in the Capitol on Nov. 15, 2019. (Tom Williams/CQ Roll Call file photo)

House Democrats dealt a symbolic blow to Republicans’ tax code overhaul Thursday on the two-year anniversary of that law’s passage. 

On a mostly party-line vote of 218-206, the House passed a bill that would make good on a top Democratic tax priority: lifting a $10,000 limit on state and local tax deductions, known as SALT. It was amended to prevent households earning more than $100 million from claiming unlimited deductions, however, after a procedural motion offered by Republicans won enough bipartisan support.

Essay: For White House press pool on Trump’s impeachment day, the silence was deafening
President appeared to understand there are some historical events not even he can counter-program

President Donald Trump arrives at the White House early Thursday morning after a rally in Michigan. While Trump was speaking at the rally, the House voted to impeach him for abuse of power and obstruction of Congress. (Sarah Silbiger/Getty Images)

ESSAY | The silence was deafening. Certainly not what I expected as the White House in-town pool reporter on the day President Donald Trump was impeached. 

Trump, famous for his feisty interactions with the press as a New York businessman and who flashed his penchant for drama as a reality television host, has transformed presidential communications.

Minutes after being impeached, Trump says House Dems earned ‘eternal mark of shame’
45th president joins Andrew Johnson and Bill Clinton as only impeached chief executives

President Donald Trump addresses his impeachment during a Merry Christmas Rally at the Kellogg Arena on December 18, 2019 in Battle Creek, Mich.  While Trump spoke at the rally the House voted to impeach him, making Trump just the third president in U.S. history to be impeached. (Scott Olson/Getty Images)

House Democrats will forever wear an “eternal mark of shame” for impeaching him on charges of abuse of power and obstructing Congress, President Donald Trump said Wednesday evening.

“Democrat lawmakers don’t believe you have the right to elect your own president,” Trump said to boos during a rowdy campaign rally in Battle Creek, Michigan. “Crazy Nancy Pelosi’s House Democrats have branded themselves with an eternal mark of shame.

Officially impeached, Trump must learn to live with ‘black mark’ on his presidency
‘He sold himself as ... someone who operates differently. … They just accept it,’ expert says

President Donald Trump is now the third president to be impeached. (Chip Somodevilla/Getty Images)