John Ydstie

John Ydstie appears in the following:

Trump Nominates Robert Lighthizer As U.S. Trade Representative

Tuesday, January 03, 2017

Donald Trump nominated Robert Lighthizer to be the U.S. trade representative. Lighthizer will be tasked with helping to implement an overhaul of U.S. trade policy that will feature tariff threats against a number of U.S. trading partners.

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European Banks Reach Multi-Billion Dollar Settlement Over Toxic Mortgages

Friday, December 23, 2016

In the waning days of the Obama administration, two European banks, Deutsche Bank and Credit Suisse, agreed to multi-billion dollar settlements with U.S. authorities for selling toxic mortgages prior to the financial crisis. The combined payouts will be approximately $12.5 billion. A third bank, Barclays, balked at a deal and is being sued by the Justice Department.

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Trump's Immigration Plan Could Undermine Promise To Boost Economy

Tuesday, December 20, 2016

Donald Trump says he will double the U.S. growth rate; that requires getting more people into the workforce. The president-elect also plans to limit immigration, the biggest source of new workers.

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Federal Reserve Chair Announces Decision To Raise Benchmark Interest Rate

Wednesday, December 14, 2016

Federal Reserve Chair Janet Yellen announced Wednesday the Fed raised benchmark interest rate for the first time since 2015.

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5 Questions About Donald Trump's Cabinet Picks And His Economic Plan

Thursday, December 01, 2016

Key economic players Steve Mnuchin and Wilbur Ross, nominees for Treasury and Commerce respectively, are Wall Street veterans. Does their selection match up with Donald Trump's populist message?

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Trump Picks Steve Mnuchin To Lead Treasury Department

Wednesday, November 30, 2016

Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.

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Trump's Potential Treasury Secretary Headed A 'Foreclosure Machine'

Tuesday, November 29, 2016

During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.

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President-Elect Trump Plans To Slash Taxes On Businesses — Including His Own

Monday, November 21, 2016

A big part of Donald Trump's proposed tax cut would go to corporations. The president-elect says that will fuel investment and growth; critics say the plan would explode the federal budget deficit.

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Who Benefits From Donald Trump's Tax Plan?

Sunday, November 13, 2016

The plan laid out by the president-elect is detailed — but different from what he promised during the campaign. His economic team says it will boost the middle class; several experts beg to differ.

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What Happens To Obamacare In A Trump Administration?

Wednesday, November 09, 2016

While Donald Trump campaigned for the presidency, he repeatedly said he would get rid of the Affordable Care Act. What will happen to Obamacare? Also, we monitor how financial markets are doing.

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Immigration Was A Hot Button Issue. Now What?

Wednesday, November 09, 2016

Immigration was a big issue in the presidential race. Now that Donald Trump has been elected, will he carry through with promises? And, financial markets began the day lower on news Trump would win.

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President-Elect Trump Upsets Clinton's White House Bid

Wednesday, November 09, 2016

Donald Trump has been elected the 45th president of the United States. Trump crossed the 270 electoral vote threshold at 2:31 a.m. ET with a victory in Wisconsin, according to AP projections.

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October Jobs Report Shows Significant Growth In Wages

Friday, November 04, 2016

The jobs report released Friday morning came in a little weaker than expected, but there was one very big positive. Wages are growing at a respectable clip again, and that's the first time that's happened on an annual basis since the recession.

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Last Pre-Election Jobs Report Due Out Friday

Friday, November 04, 2016

Economists expect the report to show about 175,000 new jobs created last month.

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Candidates Want To Raise The Economic Tide To Lift Opportunity, But How?

Friday, September 23, 2016

Both Hillary Clinton and Donald Trump talk about increasing opportunities for coming generations. Some analysts say boosting economic growth would help, but the way there is complicated.

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As U.S. Economy Grows, Many Americans Struggle To Face Trade-Offs

Friday, September 23, 2016

Many economists say stronger growth is a reliable path toward boosting opportunity. But they also agree that many Americans are not ready to face the trade-offs that come with a more dynamic economy.

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Fed Keeps Benchmark Interest Rate, But Still Expects Increase

Wednesday, September 21, 2016

Fed Chair Janet Yellen says that although job growth is rebounding, she sees no inflation threat and no hurry to raise rates. The Fed is not likely to do so before the presidential election.

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U.S. Census Report: Household Incomes Rise In 2015

Tuesday, September 13, 2016

Household incomes were up sharply in 2015, according to a report released today by the U.S. Census Bureau. Median family income climbed 5.2 percent to $56,516 a year. That's the biggest increase in nearly 50 years.

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Why Your Facebook Habit At Work Makes Economists Worry

Monday, September 05, 2016

Productivity, a key measure of the economy's health, has been growing more slowly in recent years. Can Facebook and other social media distractions on the job be partly to blame?

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U.S. Job Growth Fails To Meet Expectations In August

Friday, September 02, 2016

Employers added 151,000 jobs in August, which is somewhat disappointing. Most economists were expecting about 180,000 new jobs. The unemployment rate held at 4.9 percent for the third straight month. Many analysts are now saying job growth is slow enough to keep the Federal Reserve from raising interest rates in September.

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