Trump, advisers looking at ways to boost US economy as markets fear recession
WASHINGTON: Even as they reject talk of a looming recession, President Donald Trump and his advisers are examining ways to provide a boost to the U.S.
The option emerged from a meeting Trump had with his economic team on Monday. It was not viewed seriously, given it would be hard to get through the U.S. Congress, an administration official said.
Such a step would likely be seen by Democrats as an attempt to circumvent the authority of the U.S. Congress and prompt a court fight.
Republican Senator Rick Scott of Florida has offered legislation on this point.
Trump said he would not need the approval of Congress to link the tax on profits from asset sales, known as capital gains, to inflation. According to tax code experts, investors would pay far less capital gains tax under an inflation index.Read more: CNA
US and China seeking to revive trade talks: Trump advisor[WASHINGTON] Washington and Beijing are working to revive pivotal talks aimed at ending the trade war that has roiled world markets, Donald Trump's chief economic advisor said on Sunday. Read more at The Business Times.
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PM Modi tells Trump hopeful India, US will meet soon to discuss tradeIndian Prime Minister Narendra Modi told U.S. President Donald Trump that he is hopeful that representatives from the two countries will meet ...
PM Modi tells Trump hopeful India, US will meet soon to discuss tradeNEW DELHI (REUTERS) - Indian Prime Minister Narendra Modi told US President Donald Trump that he is hopeful that representatives from the two countries will meet again soon to discuss trade issues, the government said in a statement on Monday (Aug 19).. Read more at straitstimes.com.
Trump tweets picture of Trump Tower looming over GreenlandWASHINGTON (AP) - US President Donald Trump is making light of his own idea of buying Greenland from Denmark, tweeting a doctored photo of Trump Tower looming over a small village in the Arctic territory.. Read more at straitstimes.com.
No Trump hotel for Greenland, US president promisesUS President Donald Trump jokingly promised on Monday that he would not build one of his eponymous hotels in Greenland, the day after he confirmed his interest in buying the Danish territory. Trump tweeted a meme depicting the golden Trump International Hotel Las Vegas towering over modest, primary-colored