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Agreement Reached on Fixing Roads and Bridges

Democratic Congressional leaders say they have reached an agreement with President Trump to spend $2 trillion on infrastructure. Congressional leaders met with the President at the White House on Tuesday. Senate Minority Leader Chuck Schumer of New York called the dollar amount a "very good thing". He said the President pushed off tough questions about where that money will come from. Schumer says fellow Democrats told the President the group needs his ideas on funding. House Speaker Nancy Pelosi added...

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Trade Red Ink on the Rise for U.S.

The U.S. trade deficit jumped nearly 19% in December. That pushes the trade imbalance for all of 2018 to a decade-high of $621 billion dollars. The Commerce Department says the gap between what the U.S. sells and what it buys from other countries rose to $59.8 billion in December. That's up from $50.3 billion in November. The trade gap on goods surged to record highs last year with China ($419.2 billion), Mexico ($81.5 billion) and the European Union ($169.3...

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Speaker Ryan: Trump Will Not Sign Funding Bill

Hope for averting a partial government shutdown dissipated Thursday afternoon as House Speaker Paul Ryan (R-Wis.) told reporters President Donald Trump would not sign a stopgap funding continuing resolution already passed in the Senate. "The president informed us he will not sign the bill that came from the Senate last evening because of his legitimate concerns for border security," Ryan said after meeting with Trump. "So what we're going to do is go back to the House and work with...

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Federal Reserve Raises Interest Rates

Wednesday the Federal Reserve announced it would raise the target interest rate range for federal funds to 2.25% to 2.5%. This 25 basis point increase is the 9th highest interest rate increase since the financial crisis, according to Yahoo Finance. The new rate is effective Dec. 20, 2018. “The Board of Governors of the Federal Reserve System voted unanimously to raise the interest rate pain on required and excess reserve balances to 2.40%,” the statement explains. “Setting the interest rate pain...

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Cannabis Named A Commodity Crop In The 2018 Farm Bill

Cannabis Named A Commodity Crop In The 2018 Farm Bill While the full text of the 2018 farm bill hasn't been released yet, U.S. Rep. Collin Peterson, D-Minn., says the new bill will look a lot like the one that expired in September. What isn't the same in the expired bill? Cannabis, in the form of industrial hemp, receives crop status in the bill, opening a significant door for farmers growing it. Official release of the farm bill will be next...

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