Federal Bank Reserve President Robert Kaplan gives his input on Trump's plan for U.S economy Federal Reserve Bank President Robert Kaplan said on Thursday that several of President-elect Donald Trump's plans will likely boost productivity and growth.
President Barack Obama urged lawmakers to consider steps to alleviate income inequality, calling the income gap between America's rich and poor as a "defining challenge of our time," in a speech at the Twon Hall Education Arts and Recreation Campus, a nonprofit community center in Washington D.C. The event was hosted by the Center for American Progress.
Food stamp benefits will be cut to more than 47 million Americans beginning Friday as the temporary boost to the Supplemental Nutrition and Assistance Program (known as SNAP) expired without a new budget from Congress to replace it.
The U.S. economy added 148,000 jobs in September as the unemployment rate dropped to 7.2 percent. A new jobs report for September released on Tuesday "showed the economic recovery continues to be sluggish and many economists warn that the constant fiscal fights in Washington only threaten to make the situation worse," Politico reported.
