Chinese Economy Would Collapse If US Buyers Cut Support, Says Trump’s China Envoy Pick

David Perdue, a former Fortune 500 CEO and senator, pledges to educate Americans about the dangers posed by communist China. WASHINGTON—President Donald Trump’s nominee for ambassador to China told lawmakers on Thursday that the American buyers could deal the Chinese economy a fatal blow by stopping the injection of money. David Perdue, a former Fortune

Trump Admin Will Ask Congress to Codify Spending Cuts, OMB Official Says

Eric Ueland, acting OMB chief of staff, testifies at his nomination hearing before the Senate Committee on Homeland Security and Government Affairs. President Donald Trump will ask Congress to codify spending cuts, a top official at the Office of Management and Budget (OMB) said on April 3. At his nomination hearing, Eric Ueland, the acting

Senate Confirms Mehmet Oz to Head Medicare and Medicaid

In a party-line vote, Democrats opposed Oz over questions regarding cuts to Medicaid, while Republicans praised his intention to reform the program. Dr. Mehmet Oz has been confirmed as administrator of the Centers for Medicare and Medicaid Services. The Senate approved the former attending physician at New York-Presbyterian Hospital and professor of surgery at Columbia

US Stocks Tumble After Trump Reveals Tougher-Than-Expected Global Tariffs

Energy, technology, and consumer discretionary sectors took the hardest hits, with losses around 7 percent. Industrials and financials fell by about 5 percent. U.S. stocks saw a sharp decline on April 3 after President Donald Trump imposed steep tariffs on many nations during a White House Rose Garden address on April 2, marking a new