Economy

He would also invest $25 billion in a paid family leave program over the course of a 10-year budget . There is some new spending in Trump's plan for fiscal year 2018, which starts in October. Chuck Schumer of NY, asserted that the Trump budget was a betrayal of the president's voters. The savings would instead go toward increased Defense Department spending and avoid cuts to the main Social Security and Medicare programs.
  • Manchester police hunt for accomplices; victims young as 8

    Economy

    As CBS News' Jonathan Vigliotti reports , this is the highest the threat level has been in the United Kingdom since 2007. The musician is still in "disbelief" of the horrific event, which saw 22 people killed and more than 50 individuals injured by the explosion - believed to be a nail bomb - which tore through the foyer outside the main hall of the venue.
  • China stocks fall after rating cut, other Asian markets gain

    Economy

    China's stocks headed for their lowest level since September, the yuan retreated and default risk increased after Moody's Investors Service cut its rating on the nation's debt for the first in nearly three decades. Moody's move puts China parallel in their rankings with countries including Japan, Saudi Arabia and Estonia. A1 is the fifth-highest rating assigned by Moody's, and is deemed to be investment grade.
  • French companies' growth surges to six-year high -PMIs

    French companies' growth surges to six-year high -PMIs

    Economy

    The pan-European Stoxx Europe 600 index advanced 0.32 percent. Carsten Brzeski , economist at ING-DiBa, the bank, said: "The entire euro zone economy could become the positive growth surprise of 2017". equity strategist at J.P. Morgan Private Bank in NY. Trump's budget in its current form is unlikely to be approved by Congress, which will craft its own tax and spending plans.
  • Trump administration unveils first budget with 3.6-trillion-dollar spending cut

    Economy

    Planned Parenthood: The family-planning organization has been the target of efforts to cut funding for years because it provides about one-third of the nation's abortions. The $200 billion in outlays isn't necessarily meant to fund projects directly, but instead to entice states, localities and private companies to inject $800 billion more into infrastructure funding.
  • Institutional Investor's Pro-Liberty Property Trust (NYSE:LPT) Sentiment In 2016 Q4

    Economy

    Since January 1, 0001, it had 0 buys, and 16 insider sales for $20.11 million activity. It increased, as 70 investors sold STWD shares while 66 reduced holdings. Berson & Corrado Investment Advisors Llc, a New York-based fund reported 346,650 shares. Arete Wealth Advisors LLC bought a new stake in Columbia Property Trust during the third quarter worth $207,000.
  • Angel Di Maria, Javier Pastore homes raided in PSG tax probe

    Angel Di Maria, Javier Pastore homes raided in PSG tax probe

    Economy

    But PSG insisted the contracts of Pastore and Di Maria "were concluded in perfectly regular conditions". The leaks of player contracts and transfer deals started more than a year ago, providing the biggest glimpse yet into the usually secretive world of soccer's $5 billion annual trading market.
  • Iranian president calls U.S. relations 'a curvy road'

    Iranian president calls U.S. relations 'a curvy road'

    Economy

    Iran welcomes cooperation at all levels to bring stability to the Middle East, President Hassan Rouhani told his French counterpart on Monday, hours after U.S. Rouhani described the turnout in the elections as "unprecedented in Iranian history", saying if all of those who had stood in long queues at the polling stations had succeeded to vote, the figure would have increased to 45 million.
  • Trump sends Congress $4.1T spending plan

    Trump sends Congress $4.1T spending plan

    Economy

    The proposed $4.1 trillion 2018 budget released Tuesday has a line item for "a physical wall" along the southern border but includes $2.6 billion for border security - a fraction of the wall's projected costs - to cover land acquisition, wall replacement and new wall costs.
  • Saudis, Russia Commit To 9-Month Oil Cuts, Goldman Sees $57 Price

    Economy

    Oil has gained support from the deal but inventories remain high and rising output from other producers, such as the U.S., is keeping prices below the $60 that top exporter Saudi Arabia would like. The timing of the announcement ahead of OPEC's next official meeting on May 25 and the statement's strong wording surprised markets, and the move is expected to go a long way to ensure that other OPEC members and producers who participated in the initial round of cuts fall into line.
  • Trump's budget director Mick Mulvaney holds briefing

    Trump's budget director Mick Mulvaney holds briefing

    Economy

    During the campaign, Trump attacked the weak economic growth of the Barack Obama years, and pledged that his economic program would boost growth from the lackluster 2 percent rates seen since the recovery began in mid-2009. "It further cuts funding for children's health insurance and medical research , public schools and affordable student loan programs, and programs that support our most vulnerable populations, including children and the elderly", Haider said.
  • Will do everything to achieve Israel-Palestinian peace deal

    Will do everything to achieve Israel-Palestinian peace deal

    Economy

    The U.S. president arrived in Israel on Monday after a two-day visit to Saudi Arabia, where Trump said King Salman assured him Riyadh wants peace between the Israelis and Palestinians. President Donald Trump speaks during a visit to the Yad Vashem Holocaust Memorial museum, commemorating the six million Jews killed by the Nazis during World War II, May 23, 2017, in Jerusalem .