The Federal Reserve has started to run down some of the investments it made to boost the US economy after the financial crisis. The Fed holds a US$4.2trn portfolio of US Treasury bonds and mortgage-backed securities, and it will initially cut up to US$10bn each month from the amount it reinvests.Add your comment!
Israel has said it will join the US in pulling out of the UN's cultural organization Unesco, after US officials cited anti-Israel bias. Israeli Prime Minister Benjamin Netanyahu praised the US decision as brave and moral, a statement said.Add your comment!
The US gun lobby, which has seldom embraced new firearms-control measures, voiced a readiness on Thursday to restrict a rifle accessory that enabled a Las Vegas gunman to strafe a crowd with bursts of sustained fire as if from an automatic weapon.
The anticipated release of thousands of never-seen government documents related to President John F. Kennedy’s assassination has scholars and armchair detectives buzzing. However, President Donald Trump could yet block the release of files that could shed light on a tragedy that has stirred conspiracy theories for decades.
United States President Donald Trump has unveiled sweeping tax reforms which if passed by the Congress would bring down the business tax rate to 15%, introduce territorial tax system that would offer level playing field to American companies.
The top U.S. negotiator at talks to modernize the NAFTA trade pact dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying “I don’t see a problem.” Officials from the United States, Mexico and Canada are in Ottawa for the third of seven planned rounds of talks.
Foreign tourists in North Korea are invariably steered to the Victorious Fatherland Liberation War Museum in Pyongyang, which documents the isolated nation’s crucible years: the 1950-53 war that split the Korean Peninsula in two. In effect there is a detailed explanation of atrocities by the “US aggressors” committed during the war.
US current account deficit, which is the broadest measure of US trade, rose to US$123.1bn in the second quarter - its highest level since 2008. The rising gap was driven by a US$5.2bn fall in income receipts from foreigners, particularly in government fines and penalties.
United States President Donald Trump, in his first address to the United Nations General Assembly, will harshly criticize North Korea, Iran and Venezuela. He will speak in extremely tough terms about the North Korean menace and the threat it poses to our security and the security of all the nations in that room, according to a senior White House official who gave reporters a preview of the address.
The United States is considering closing its embassy in Cuba after diplomatic staff reported health problems which Washington blames on a sonic attack. Secretary of State Rex Tillerson said a decision whether to shut to the mission in Havana was under evaluation.