• Homeland Security shutdown will likely stretch into next week as House weighs Senate’s funding plan
    WASHINGTON (AP) — The funding lapse for the Department of Homeland Security will likely stretch into next week as the House contemplates passing a Senate plan it had previously rejected to fund the bulk of the agency, but not its immigration enforcement operations. There was no resolution Thursday to the standoff, now in its 48th […]
  • US trade deficit widens in February as imports offset record exports
    WASHINGTON, April 2 (Reuters) – The U.S. trade deficit widened in February as a rebound in imports offset strong growth in exports, which increased to a record high, potentially keeping trade on track to subtract from economic growth in the first quarter. The trade gap increased 4.9% to $57.3 billion, the Commerce Department’s Bureau of […]
  • Analysis-US defense stocks see no Iran war lift after early surge
    By Purvi Agarwal, Rashika Singh and Johann M Cherian April 1 (Reuters) – U.S. defense stocks have declined even as the Iran war drags on, indicating that the typical “buy-on-conflict” trade had largely peaked in the weeks before in anticipation of tougher action by President Donald Trump. The NYSE Arca Defense index, which includes 34 […]
  • US weekly jobless claims fall as layoffs remain low
    WASHINGTON, April 2 (Reuters) – New applications for U.S. unemployment benefits fell last week amid low layoffs, suggesting labor market conditions remained calm in March, though economists have warned that a prolonged war in the Middle East posed a downside risk. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 202,000 for […]
  • Trump’s White House ballroom is expected to get approved days after judge’s ruling halting work
    WASHINGTON (AP) — President Donald Trump’s White House ballroom is expected to win approval from a key agency on Thursday, days after a federal judge ordered a halt to construction unless Congress allows what would be the biggest structural change to the American landmark in more than 70 years. The National Capital Planning Commission, the […]