News with tag Economy  RSS
Trump downplays growing fears over a potential looming recession

19.08.2019 15:07

The White House is pushing back against recession fears after some stock market turmoil last week. President Trump told reporters Sunday that America's economy is the best in the world, despite serious warning signs of a possible recession on the horizon. CBS News national correspondent Chip Reid joins CBSN's Anne-Marie Green with the latest from Washington.


Voters increasingly skeptical of Trump's handling of economy

19.08.2019 15:01

President Trump is dismissing fears of a recession and said the economy is "doing very well." CBS News political correspondent Ed O'Keefe joins "CBSN AM" from Sioux City, Iowa, with how voters and the Democratic presidential candidates are reacting to the president's handling of the economy.


Pence insists economy is strong, blaming media for "irresponsible rhetoric"

19.08.2019 14:53

The National Association for Business Economics found roughly one in three economists believe a recession will come

Tags: Economy

Trump Dismisses Recession Fears, Saying Fed Must Help The Economy

19.08.2019 12:49

The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.


Trump attacks Fed Chair Powell's 'horrendous lack of vision,' calls for huge rate cut

19.08.2019 12:32

"Democrats are trying to 'will' the Economy to be bad for purposes of the 2020 Election. Very Selfish!" President Trump tweeted.


Trump calls on Federal Reserve to cut interest rates

19.08.2019 12:24

WASHINGTON (AP) — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time,” saying that such an action would make the U.S. economy even better and would also “greatly and quickly” enhance the global economy. In two tweets [...]


Nigerian President Asks Tax Agency to Explain Missed Targets

19.08.2019 12:12

(Bloomberg) -- Nigerian President Muhammadu Buhari asked the Federal Inland Revenue Service to explain its failure to meet tax-collection targets since 2015, after persistent shortfalls.Nigerian presidential spokesman Garba Shehu confirmed in an emailed statement that the government has sought explanations for the shortfalls from FIRS chairman Babatunde Fowler as reported by several news media on Monday.“It would appear that the country might be heading for a fiscal crisis if urgent steps are not taken to halt the negative trends in target setting and target realization in tax revenue,” Shehu said.The government has repeatedly missed its revenue targets since Buhari was first elected to office in 2015, as the output and price of crude, the country’s main export, declined. The administration has sought to boost tax revenue with limited success in a country of more than 200 million people with a tax-to-gross-domestic-product ratio of 6%. That compares with 24.7% for South Africa, with which it vies to be Africa’s biggest economy.To make up for lost income, Nigeria increased its borrowing in recent years, leaving it with a debt-service burden that consumes more than 70% of its revenue, according to the Finance Ministry.To contact the reporters on this story: Elisha Bala-Gbogbo in Abuja at [email protected];Ruth Olurounbi in Abuja at [email protected] contact the editors responsible for this story: Paul Richardson at [email protected], Dulue MbachuFor more articles like this, please visit us at©2019 Bloomberg L.P.

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