Tag: White House

Steel CEO on tariffs: Thank you, Mr. President

Steel CEO on tariffs: Thank you, Mr. President

Trump plans to impose a 25% tariff on foreign steel and a 10% tariff on foreign aluminum.
It’s unclear whether certain countries will be exempt.
It’s been a tough few years for the company.
Between 2015 and 2017, TimkenSteel laid off 380 employees because steel prices fell too low.
It has hired back about 175 workers in the last several months.
Even one of TimkenSteel’s competitors with US operations, ArcelorMittal, has asked Trump to give Canada an exemption because it has a factory there too.
He points out that President George W. Bush imposed a 30% tariff on imported steel in 2002.
Timken argues that the Bush tariff didn’t cause widespread economic damage or trigger a trade war, with other countries imposing tariffs on US goods.
The World Trade Organization ruled the Bush steel tariffs illegal in November 2003.
Timken says steel makers need more help today in a world where foreign leaders are dictating steel prices.

America’s jobs market just did something it hasn’t done since 1969

America’s jobs market just did something it hasn’t done since 1969

In this March 15, 1973, file photo President Nixon tells a White House news conference that he will not allow his legal counsel, John Dean, to testify on Capitol Hill in the Watergate investigation and challenged the Senate to test him in the Supreme Court.
Initial jobless claims fell last week to a 48-year low.
First-time filings for unemployment benefits totaled 210,000, a decrease of 10,000 from the prior week, data from the Department of Labor showed on Thursday.
This was well below economists’ forecast for 225,000 claims, according to Bloomberg.
The weekly jobless claims data offer the most real-time look into the labor market, since many people file for unemployment benefits not long after they lose their jobs.
This is the kind of jobs market that’s likely to encourage the Federal Reserve to continue raising borrowing costs.
It’s expected to do so three times this year. “We’ve seen continuing strength in the labor market – we’ve seen some data that in my case will add some confidence to my view that inflation is moving up to target,” said Jerome Powell, chairman of the Federal Reserve, in testimony before the House Financial Services Committee on Tuesday.

Trump Touts Historically Low Black Unemployment Numbers ‘In Honor’ Of MLK’s Niece

Trump Touts Historically Low Black Unemployment Numbers ‘In Honor’ Of MLK’s Niece

President Trump gave a speech in honor of Black History Month at the White House Tuesday afternoon.
The president touted a number of achievements in the speech, including historically low African American unemployment numbers.
The Bureau of Labor Statistics reported in December that the black unemployment rate had fallen to 6.8 percent, one of the lowest figures in the 45 years the data has been tracked.
Trump said to applause: “We have made such incredible progress over the last year.
It was just announced, and perhaps you heard me say it, we had the lowest African-American unemployment rate in the history of our country.” Then Trump looked into the crowd and singled out a very special member of the audience.
Alveda King, MLK’s niece, was standing in the front row.
She had been recognized by Trump earlier in the speech.
Trump said of the low unemployment numbers, “Alveda, that’s in honor of you, Alveda.
Lowest in the history of our country.
We are very proud of that.” President Trump was joined by Alveda King last month at the college football National Championship.

Farm groups see Trump budget as a blow to family farmers

Farm groups see Trump budget as a blow to family farmers

WASHINGTON – With a budget touted as “Efficient, Effective, Accountable,” the White House released its proposed fiscal year 2019 budget on Feb. 12 — a proposed $4.4 trillion budget with deep cuts to domestic programs.
Requesting a 16 percent decrease from 2017 levels, $47 billion in cuts over 10 years were listed in the budget, including cuts in crop insurance and other farm programs.
The cuts would also include reducing federal crop insurance subsidies, cutting spending for conservation programs and foreign food aid and slashing more than $17 billion from funds available to the Supplemental Nutrition Assistance Program (SNAP), or food stamps, over the next 10 years.
The NFU said, over the next decade, the $4.4 trillion budget would “severely cut many programs that family farmers and ranchers and rural Americans rely on,” including $48.6 billion from Farm Bill programs, $3.7 billion from the USDA, $213 billion from SNAP, $554 billion from Medicare and $250 billion from Medicaid.
“The proposed cuts in crop insurance and farm programs make this budget a non-starter.
(Photo: Contributed/American Soybean Association) “As the farm economy continues to struggle in its recovery, farmers cannot afford these backbreaking cuts.
“The President has proposed again to eliminate or shrink many programs that serve rural America, including those supporting rural businesses, cooperatives, and housing,” said Center for Rural Affairs policy associate Anna Johnson.
“The President is also calling for an investment of $50 billion in rural infrastructure, but this could put the onus on states already struggling with the economic fallout of depressed commodity prices.” In addition, Trump’s budget slashes working lands conservation programs by proposing the elimination of the Conservation Stewardship Program, according to the Center for Rural Affairs.
This competitive advantage for large farms has contributed to farm consolidation and shrinking rural communities.” Johnson said President Trump’s budget proposal would drain support for rural America.
Perdue, and their teams to cease these actions that undercut rural Americans and rural communities.” Infrastructure plan Trump met with state and local leaders on Monday to discuss his administration’s infrastructure plan.

White House wants to deliver food to the poor, Blue Apron-style

White House wants to deliver food to the poor, Blue Apron-style

Think of it as Blue Apron for food stamp recipients. “USDA America’s Harvest Box is a bold, innovative approach to providing nutritious food to people who need assistance feeding themselves and their families — and all of it is homegrown by American farmers and producers,” said Agriculture Secretary Sonny Perdue in a statement. “It maintains the same level of food value as SNAP [Supplemental Nutrition Assistance Program] participants currently receive, provides states flexibility in administering the program, and is responsible to the taxpayers.”
Part of the president’s fiscal 2019 budget blueprint, the idea immediately sparked concerns and questions among consumer advocates and food retailers.
They feared it would upend a much-needed benefit for more than 80% of those in the program.
Here’s how it would work: Instead of receiving all their food stamp funds, households would get a box of food that the government describes as nutritious and 100% grown and produced in the U.S.
The box would be valued at about half of the SNAP recipient’s monthly benefit.
The administration didn’t detail exactly how families would receive the food boxes, saying states could distribute them through existing infrastructure, partnerships or directly to residences through delivery services.
The proposal would save nearly $130 billion over 10 years, as well as improve the nutritional value of the program and reduce the potential for fraud, according to the administration.
Plus, it could be difficult for families to pick up the box, especially if they don’t have a car.

White House budget to project 3% growth

White House budget to project 3% growth

The White House’s budget proposal — to be released Monday — assumes the economy can grow at a much stronger pace than independent forecasters expect and with lower inflation and government borrowing costs than officials projected last year, according to a preview of the proposal.
Many private forecasters also expect economic growth to pick up this year because of consumer and business spending encouraged by tax cuts signed by the GOP president in December, plus a two-year, $300 billion funding deal signed Friday.
On Friday, economists at J.P. Morgan said they now expect the economy to grow 2.6% this year and 1.9% next year.
The White House expects that without its policy changes, the economy would grow at a 2.2% rate over the coming decade, Mr. Hassett said.
The administration sees around half of the increase to 3% growth coming from last year’s $1.5 trillion tax cut, and the rest from a combination of reducing regulations, attracting new private and local spending on infrastructure and policies to boost labor-force participation.
When the economy grew consistently at a 3% or higher rate in the 1990s and early 2000s, the average 10-year Treasury moved in a range between 4% and 7%.
Higher budget deficits from the tax cuts and spending deal could also push up yields on government bonds.
Tax cuts and government spending could boost the economy in two ways.
If Fed officials conclude the tax cut is boosting demand without boosting the economy’s potential — for example, because inflation begins rising too much — the Fed might boost borrowing costs more aggressively.
This would lead the Fed to raise interest rates higher than now planned.

The White House Puts the Bible Before the Hippocratic Oath

The White House Puts the Bible Before the Hippocratic Oath

In pain, she rushed to a hospital near her house in Michigan.
They were preparing to send her home for a third time when she miscarried at the hospital.
Earlier this month, the Department of Health and Human Services announced the creation of a “Conscience and Religious Freedom Division” to enforce laws protecting health care providers’ right to opt out of certain procedures, including post-abortion care or gender-affirming surgery, because of religious objections.
(The website displays what appears to be a female Muslim doctor in a hijab smiling enthusiastically — a twist on the administration’s usual attitude toward Muslims.)
But in a list of definitions, the administration would expand the meaning of “assisting” to include making referrals to a different provider, or even simply counseling a patient on her options.
The rule suggests that the office can investigate a health care entity not just based on actual complaints, but also based on “threatened” or “potential” ones.
There could also be grim consequences from a one-page letter the administration sent to state Medicaid directors, suggesting that they may now block Medicaid funding for Planned Parenthood or other health centers that provide abortions.
The letter overturned a 2016 Obama-era directive that required states to distribute federal funds for family planning services, like contraception, prenatal care and testing for sexually transmitted diseases, to qualified health providers, regardless of whether those providers also perform abortions.
Current law tries to accommodate both, but the far right has stirred unfounded fears that religion (and Christianity in particular) is under assault, and that people of faith are in danger of being forced to do things they find morally objectionable.
In recent conflicts between patient needs and religious freedom, patients have too often lost.

Trump Administration Says States May Impose Work Requirements for Medicaid

Trump Administration Says States May Impose Work Requirements for Medicaid

WASHINGTON — The Trump administration said Thursday that it would allow states to impose work requirements in Medicaid, a major policy shift in the health program for low-income people.
Federal officials said they would support state efforts to require able-bodied adults to engage in work or other “community engagement activities” as a condition of eligibility for Medicaid.
Ms. Verma said the Trump administration was responding to requests from Medicaid officials in 10 states that wanted to run demonstration projects testing requirements for work or other types of community engagement like training, education, job search, volunteer activities and caregiving.
The proposals, she said, came from Arizona, Arkansas, Indiana, Kansas, Kentucky, Maine, New Hampshire, North Carolina, Utah and Wisconsin.
Advocates for Medicaid beneficiaries said the new policy was likely to be challenged in court if people were denied coverage for failure to meet a state’s work requirement.
Federal law gives the secretary of health and human services broad authority to grant waivers for state demonstration projects that promote the goals of the Medicaid program.
In the past, federal officials said that work was not one of the purposes of Medicaid.
But Trump administration officials said Thursday that work requirements were consistent with the goals of Medicaid, because work and other community engagement activities could improve the health of Medicaid beneficiaries.
“Productive work and community engagement may improve health outcomes,” Brian Neale, the director of the federal Medicaid office, said Thursday in a letter to state Medicaid directors.
“For example, higher earnings are positively correlated with longer lifespan.” In addition, Mr. Neale said, researchers have found “strong evidence that unemployment is generally harmful to health,” while employment tends to improve “general mental health.” A 2013 Gallup poll found that unemployed Americans are more than twice as likely as those with full-time jobs to say they have or are being treated for depression, Mr. Neale said.

4 Things President Trump Wants to Accomplish in 2018

4 Things President Trump Wants to Accomplish in 2018

President Trump notched a major legislative win at the end of 2017, delivering the tax reform package he’d promised as a “Christmas gift” to the country.
The White House now faces 2018 hoping to channel that momentum into a bold list of domestic priorities for the New Year, including revisiting two failures from his first year in office.
White House spokeswoman Sarah Sanders said Trump’s major domestic priorities for reform in 2018 are health care, infrastructure, welfare and immigration.
Health care On repealing and replacing the Affordable Care Act, Trump has already claimed a win.
It’s not true to say that the tax bill repeals the health care law, which congressional Republicans have repeatedly tried and failed to do.
Infrastructure Infrastructure is another one of Trump’s campaign promises.
Trump has long dangled a promise of $1 trillion in infrastructure spending, and his Administration is expected to unveil its plan in January.
“I really believe infrastructure can be bipartisan,” Trump said in December.
“I expect [the Trump Administration] to present the welfare [plan] and discuss the welfare system holistically.” In this holistic view of welfare reform, Rector expects, the Administration could promote principles such as work requirements, removing marriage penalties from benefits, paying programs for outcomes rather than services provided and moving the cost burden of welfare programs more to the states.
In a 2017 Pew survey, 86% of Republicans and 95% of Democrats said they would like to maintain or increase spending for Social Security.

Is Ivanka Trump Staying at the White House in 2018? President’s Daughter Updates Twitter Location and Profile

Is Ivanka Trump Staying at the White House in 2018? President’s Daughter Updates Twitter Location and Profile

Ivanka Trump seems ready to settle in Washington, D.C.—at least according to her father’s favorite social media platform.
The first daughter changed her Twitter profile on New Year’s Day, switching her location from New York to Washington and beefing up her White House credentials.
Advisor to POTUS on job creation + economic empowerment, workforce development & entrepreneurship.
Personal Pg.
Shortly after 8 p.m. Monday, Trump tweeted, “It is good to be home!
#2018 #NewYearsDay #Home,” along with a picture of a shirt and coat that looked child-size hanging on a teddy bear-shaped door hanger.
Trump and her husband and White House senior adviser Jared Kushner starting renting a $5.5 million home in the Kalorama section of Washington, D.C., just weeks before Donald Trump was sworn in as president.
Another hint that the first daughter is stepping away from New York City, where her clothing brand Ivanka Trump HQ operates, is her statement in response to a report last week that she wore clothing for sale from her company in 68 percent of pictures she posted on social media between March and October 2017.
The first daughter changed her Twitter profile on New Year’s Day, switching her location from New York to Washington, D.C., and beefing up her White House credentials.
The first daughter, who is a Wharton School of Business graduate, like President Donald Trump, appears to be focusing on her role as an adviser to her father on the business aspects of politics.