Your Evening Briefing
U.S. President Donald Trump, helped by a near-extinction of fiscal hawks on Capitol Hill, has approved budgets and tax cuts amounting to the biggest stimulus (excluding recessions) in a half-century. Democrats point to what they consider a traditional Republican aversion to major social program spending when complaining that the current largesse mostly benefits corporations and the rich.
Here are today’s top stories
The U.S. and Canada reworked the terms of Nafta with modest revisions in a last minute deal. U.S. steel and aluminum tariffs, however, remain.
Trump administration trade policy is what a plurality of U.S. business economists say will help trigger a recession by the end of 2020.
His comment came at a Nafta press conference where he also insulted a female reporter, saying she “never” thinks. The reporter had asked about the FBI’s sexual assault probe of Supreme Court nominee Brett Kavanaugh, which the White House initially limited to four witnesses. Trump said he’s doing what Senate Republicans asked.
Regulators ordered more checks on some Boeing 737 engines after an exploding turbine on a Southwest flight killed a passenger earlier this year.
What's Joe Weisenthal thinking about? The Bloomberg news director is mulling whether the relationship between the exploding U.S. budget deficit, gross domestic product and unemployment is breaking.
What you’ll need to know tomorrow
- Asian automakers are taking over the sedan.
- Theresa May has a new Ireland strategy to help forge a Brexit deal.
- The world isn’t making enough batteries right now.
- It would be nice, though, if more batteries looked like this.
- Canada’s biggest infrastructure project is all about gas.
- Your success in the stock market may depend on your politics.
- This is the U.S. state with the best economy since Trump took office.
What you’ll want to read tonight
At a private party in Paris, Infiniti unveiled the Project Black S prototype, a 563-horsepower beast with a hybrid electric powertrain developed by a Formula One team. Here’s your ticket to peek under the hood.
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