President Trump is proposing a 25% tax on steel brought to the U.S., and a 10% tax on aluminum. The announcement sent the stock market into a tailspin. RNC Spokeswoman Kayleigh McEnany says Americans should not be surprised by the move.
From the time he was a businessman, Donald Trump has criticized America's trade imbalance and pushed for reform. "What President Trump has done is not different then what many Republican president's have done," McEnany said.
President Trump's unpredictability has lead to GOP infighting. McEnany says the RNC appreciates robust debate on all issues, but also encourages Republicans to get behind the President because he is fulfilling campaign promises. She added that the Democratic party is actually the one falling apart ever since it failed to put forward viable presidential candidates back in 2016.
Stocks are opening lower on Wall Street as the market gives back some of the gains it piled up over the past three days. Major indexes are down more than 3% in early trading Friday.
British Prime Minister Boris Johnson has tested positive for the new coronavirus, but remains in charge of the U.K.’s response to the outbreak.
Stocks are surging again on Wall Street as a massive coronavirus relief bill gets closer to passing Congress. Major indexes jumped more than 6%, bringing the S&P 500 up 17% since Monday.
Stocks are rising more than 3% early Thursday, putting the market on track for its first three-day rally in six weeks, even as the astonishing scale of the downturn slamming the economy because of the coronavirus becomes more apparent.
House Speaker Nancy Pelosi said she is 'very proud' of the $2.2 trillion coronavirus aid package and confirmed the House will take up the package Friday.
On Tuesday the chairman of the FDIC put out a public service announcement urging people to keep their cash in the bank, as customers of U.S. banks and credit unions have been making big withdrawals in the midst of the coronavirus pandemic and recession.
After a day of uncertainty, the Senate unanimously passed a $2.2 trillion coronavirus relief bill late Wednesday. 4
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
resident Donald Trump is imploring Congress to move on critical coronavirus aid without further delay. Senate leaders are trying to overcome late objections to a $2 trillion economic rescue package to ease the financial pain of the pandemic.
Stocks scored their first back-to-back gains since a brutal sell-off began five weeks ago, but much of an early rally faded late in the day as a last-minute dispute threatened to hold up a $2 trillion economic rescue package in Congress.
