WASHINGTON: US economy faces the worst blow of the decade as the US budget gap soared past $1 trillion with a month still to go in the fiscal year — the first time it has surpassed that level since 2009, the US Treasury reported Thursday. One standout item in the government books was the surge ...

President Donald Trump’s trade battles cost the United States economy 7.8 billion dollars loss in gross domestic product during the last year.      According to a study by a team of economists at leading American universities, imports from targeted countries declined 31.5 ...

ISLAMABAD - US President Donald Trump has once again insisted that he will withdraw his forces from Afghanistan. In an interview with CBS News published on Sunday, February 3, Trump said the US has been engaged in Afghanistan for 19 years, spending billions of dollars on the military. “And by ...

Washington: President Donald Trump renewed his verbal assault against the Federal Reserve, comparing the central bank to a blundering golfer after the stock market tanked yet again. "The only problem our economy has is the Fed," Trump tweeted. "The Fed is like a powerful golfer who can't score ...

US President Donald Trump has said that halting military sales to Saudi Arabia would be detrimental to the country's economy. In a statement in Washington, he said the United States would be punishing itself even if it is proven that Saudi journalist Jamal Khashoggi was killed inside the ...

Washington:The US economy grew significantly faster at the end of 2017 than previously reported, as consumer spending hit a three-year high and business investment rose, the government reported Wednesday. The rosier revised estimate for the October-December period was a modest shot in the arm for ...

WASHINGTON - America’s massive trade deficit with China is estimated to have resulted in about two million job losses in the US, the White House has said, defending President Donald Trump’s decision to initiate strong actions against China’s “unfair” trade practices. Trump imposed USD ...

Washington: The US economy posted its fastest growth in three years in the third quarter, indicating a broad-based expansion is gaining momentum, according to official figures released Wednesday.The revised data surpassed President Donald Trump's three percent target for the second time in a row, ...

WASHINGTON: The number of Americans filing for unemployment benefits rose more than expected last week, reflecting the lingering effects of Hurricanes Harvey and Irma.Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 272,000 for the week ended Sept. 23, the ...

WASHINGTON: President Donald Trump proposed on Wednesday the biggest US tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit.The proposal drew a swift, skeptical ...