A U.S. recession (if one were to hit) would be “moderate and short,” acting White House chief of staff Mick Mulvaney told roughly 50 GOP donors at a closed-door luncheon this week
In public, President Donald Trump and top White House officials keep extolling the strength of the U.S. economy. In private, they’re increasingly worrying about a global economic slowdown triggering a U.S. recession — and weighing options to shore up the economy ahead of an election year.
“I've been thinking about payroll taxes for a long time,” Trump added. “Whether or not we do it now or not is — it's not being done because of recession.”Sign Up “The only thing they have in their control is China and putting out regulatory rules,” said one former senior administration official. “Beyond that, there is very little that they can do — but that does not mean people are not brainstorming options.”
The president is intent on convincing voters that the economy is in fine shape because he knows voters often cast ballots based on how they feel at the time of the election about their own economic situation. A recession is generally considered to be two straight quarters of economic contraction. While the U.S. is not experiencing a recession, given steady growth in jobs and wages, some common warning signs have emerged in financial markets including theSome parts of the economy have also suffered of late from weak business investment and Trump’s trade wars.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Trump and Greenland: Trump tweets edited photo of small village dominated by Trump high-risePresident Donald Trump told reporters Sunday that "we&39;re looking at" purchasing Greenland, but that "it&39;s not No. 1 on the burner." The government of the autonomous Danish territory said Friday that the strategically important island is "not for sale."
Leer más »
Illinois GOP says Sandoval's apology for mock assassination of Donald Trump 'too little, too late'Illinois state Senator Martin Sandoval has been criticized by both Republicans and Democrats for allowing a mock assassination of President Donald Trump to be staged at his fundraiser.
Leer más »
Trump shared a meme promising he wouldn't put a Trump Tower on Greenland'I promise not to do this to Greenland,' President Donald Trump tweeted in a caption of an image with a golden Trump Tower.
Leer más »
Lara and Eric Trump welcome a baby girl: 'The Trump dynasty widens!'Lara and Eric Trump took to social media to announce the birth of their baby girl, Carolina Dorothy Trump.
Leer más »
Republican megadonors Sheldon Adelson and wife give a whopping $213,000 to Senate GOP fundraising committeeTheir massive donations came in July, with each writing checks worth $106,500 to the National Republican Senatorial Committee, according to a new Federal Election Commission disclosure filed Tuesday.
Leer más »