Articles by David Lawder

Most U.S. Small Businesses Worry Recession Is Coming

Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a recent survey released by Goldman Sachs showed, with a majority of firms saying the country was headed in …

Most U.S. Small Businesses Worry Recession is Coming

Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on Wednesday, with a majority of firms saying the country was headed …

Biden Backs Patent Waiver for Covid-19 Vaccines

President Joe Biden on Wednesday threw his support behind waiving intellectual property rights for COVID-19 vaccines, bowing to mounting pressure from Democratic lawmakers and more than 100 other countries, but angering pharmaceutical companies. Biden voiced his support for a temporary …

Coronavirus Relief Loans Will Be Available for Small Businesses Friday

The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on Friday, senior Trump administration officials said on Tuesday. Officials from the U.S. Treasury and Small Business Administration, which are jointly …

Trump, EU Agree to Trade Talks; Place Auto Tariffs on Hold

In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade …

U.S., Canada, Mexico Conclude First Round of Talks on NAFTA

The United States, Canada and Mexico wrapped up their first round of talks on Sunday to revamp the NAFTA trade pact, vowing to keep up a blistering pace of negotiations that some involved in the process said may be too …

Under Republican Health Plan, 24 Million Could Lose Insurance While Deficit Is Cut $337 Billion: CBO

Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare that would also reduce the budget deficit, the nonpartisan U.S. Congressional Budget Office said on Monday. The CBO report, which also dealt a …

Exiting U.S. Trade Rep Urges Trump to Uphold Trans-Pacific Trade Deal

President Barack Obama’s departing chief trade negotiator warned the Trump administration on Tuesday that it risked abdicating U.S. leadership in Asia by scrapping Obama’s 12-country Pacific Rim free trade deal. Michael Froman, in excerpts of his final speech as U.S. …

House Advances Export Import Bank Bill

The dormant U.S. Export-Import bank moved a step closer to revival on Monday as Republicans and Democrats approved a rarely successful maneuver to force a vote to renew the trade lender’s charter. The move effectively bypasses House Financial Services Committee …

Congress Leaves Export-Import Bank Facing Lending, Insurance Lapse

The U.S. Export-Import Bank faced an imminent shutdown of its new lending and insurance activities as lawmakers left Washington on Thursday for an 11-day break without renewing the trade lender’s charter. Ex-Im’s authority to make new loans or write new …