WASHINGTON (AP) – U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation’s gross domestic product – the total output of goods and services – increased at a 1.4% annual rate in the fourth quarter.
WASHINGTON (AP) – A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer – and faster than the Federal Reserve’s target of 2% a year. Prices rose 0.4% in December from the previous month, up from 0.2% in November.
WASHINGTON (AP) – President Donald Trump still has options to keep taxing imports aggressively even after the Supreme Court struck down the tariffs he imposed last year on nearly every country on earth. The Justices didn’t buy the president’s sweeping claims of authority to impose tariffs as he sees fit. But Trump can re-use tariff powers he deployed in his first term.
Excerpts from recent editorials in the United States and abroad:
WASHINGTON (AP) – The Environmental Protection Agency on Friday weakened limits on mercury and other toxic emissions from coal-fired power plants, the Trump administration’s latest effort to boost the fossil fuel industry by paring back clean air and water rules.
WASHINGTON (AP) – President Donald Trump paid a price for going it alone on tariffs – with the Supreme Court on Friday delivering a rare rebuke by ruling he lacked the power to declare an economic emergency and launch sweeping new taxes on imports.
NEW DELHI (AP) – India joined a U.S.-led initiative to strengthen technology cooperation among strategic allies in a move Friday that underscores the nations’ warming ties after a brief strain over New Delhi’s unabated purchase of discounted Russian oil.
DUBAI, United Arab Emirates (AP) – Saudi Arabia could have some form of uranium enrichment within the kingdom under a proposed nuclear deal with the United States, congressional documents and an arms control group suggest, raising proliferation concerns as an atomic standoff between Iran and America continues.
NEW YORK (AP) – Walmart delivered another impressive quarter as the promise of lower prices and speedy deliveries attracted a broader spectrum of Americans from cash-strapped to wealthier households during the critical holiday shopping period.
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