China blames U S for friction over trade tensions
China escalates criticism of Washington as Beijing warns talks are impossible amid threats of tariffs on 50 billion dollars in Chinese goods. Chinese officials say U S aggression harms global trade and accuse Trump of pursuing a populist tariff policy ahead of midterm elections.
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Foreign Ministry
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Chinese Communist Party
The
People’s Daily
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EPA
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David J. Appl
U.S. Office of Government Ethics
Apol
Pruitt
U S farmers protected as trade tensions with China rise
Agriculture Secretary Sonny Perdue pledged that U S farmers would be protected as trade tensions with China heighten. He spoke in Washington and did not specify how the protections would work. White House aides said a plan would be released soon. President Trump praised farmers as patriots amid the tariff dispute.
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Budget deficit to balloon amid tax cuts and spending surge
The CBO projects the deficit will rise to 804 billion in fiscal 2018, up from 685 billion in 2017, driven by December tax cuts and a 1.3 trillion spending package. The report foresees 3.3 percent GDP growth in 2018, 2.4 percent in 2019, and rising inflation and interest rates as deficits widen.
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Bloomberg News
CFPB poised to hit Wells Fargo with record multi hundred million fine
The Consumer Financial Protection Bureau plans a record fine potentially surpassing hundreds of millions against Wells Fargo & Co for auto insurance and mortgage lending abuses. The action, along with the OCC, targets layered insurance sales and mortgage fees amid a longtime sales practices scandal.
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Mick Mulvaney
Zuckerberg to testify on Facebook privacy and interference failures
Facebook chief executive Mark Zuckerberg will apologize for slow action on data privacy and for not stopping tools used to spread disinformation during the 2016 election. He plans to acknowledge harm from fake news and Russian interference, and to outline steps after meetings with U.S. lawmakers.
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R-S.d
Commerce Committee
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Lowa
Judiciary Committee
Senate
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