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West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017

West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017

WASHINGTON BOTTOM, W.V. – Beijing billed President Donald Trump’s 2017 trip as a “state visit-plus” — rolling out the red carpet for an unprecedented private dinner in the Forbidden City, marching a military parade through Tiananmen Square, and hosting a signing ceremony in the colossal Great Hall of the People to unveil business deals totaling more than $250 billion. One-third of that value was supposed to flow to West Virginia, an energy-rich but high-poverty state whose manufacturing and energy workers handed Trump his widest margin of victory in 2016. He captured more than more than...

June 21, 2019
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White House weighs temporarily lifting intellectual property shield on Covid-19 vaccines

White House weighs temporarily lifting intellectual property shield on Covid-19 vaccines

Key PointsThe White House is weighing whether to suspend intellectual property protections for Covid-19 vaccines and treatments, in response to pressure from developing nations and subsequent support from progressive lawmakers, according to three sources familiar with the matter.A temporary suspension of intellectual property protections would apply to all medical technologies to treat or prevent Covid-19. South Africa and India made a formal request to the World Trade Organization to waive the protections until the pandemic is over, but the issue was tabled without a resolution.The White...

Mar 26
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White House task force kept airport Covid screeners in place despite known risk of infection, sources say

White House task force kept airport Covid screeners in place despite known risk of infection, sources say

Key PointsFlying blind: Airport Covid screeners were kept in place despite known infection risk, sources sayIn a nearly 17-year career with U.S. Customs and Border Protection, Officer Omar E. Palmer had encountered plenty of precarious situations, from suitcases filled with weapons and drugs to disorderly passengers in John F. Kennedy Airport's international terminal, according to his longtime friend and significant other. "I would often get calls, when he would get off work in the middle of the night -- about what happened, or who he met, or a particular seize that happened," said Yvette...

Dec 21
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GOP considers extending unemployment benefit at reduced level of $100 a week through December

GOP considers extending unemployment benefit at reduced level of $100 a week through December

Keep Me Logged InKey PointsGOP considers extending unemployment benefit at reduced level of $100 a week through DecemberRepublicans are considering extending the enhanced unemployment insurance benefit at a dramatically reduced level of $400 per month, or $100 a week, through the rest of the year, sources told CNBC. Congress passed a $600 per week, or $2,400 a month, boost to jobless benefits in March to deal with a wave of unemployment unseen in decades as states shut down their economies to combat the . The policy expires at the end of July as the U.S. unemployment rate stands above 11%,...

July 22, 2020
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Trump says he will not meet Chinese President Xi before March trade deal deadline

Trump says he will not meet Chinese President Xi before March trade deal deadline

Keep Me Logged In|President Donald Trump on Thursday said he would not meet with Chinese President Xi Jinping before the March 2 deadline to reach a Chinese-U.S. trade deal.Trump's remarks came hours after CNBC reported, citing a senior administration official, that it was "highly unlikely" for the meeting to happen in the coming weeks.While Trump and Xi are still expected to meet eventually, there's too much work to do to flesh out a deal with China and prepare Trump for a high-stakes meeting with North Korea's Kim Jong Un. is set for Feb. 27-28.Trump and Xi may still meet "shortly...

February 8, 2019
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White House would likely support a new round of stimulus checks, sources say

White House would likely support a new round of stimulus checks, sources say

Keep Me Logged InKey PointsWhite House likely to support new round of stimulus testsThe White House would likely support another round of stimulus checks, two senior administrative officials told CNBC on Thursday.The White House did not provide further comment except to release a statement which said:"As President Trump has said, we are going to ensure that we take care of all Americans so that we emerge from this challenge healthy, stronger, and with economic prosperity, which is why the White House is focused on pro-growth, middle class tax and regulatory relief."The House is  to blunt...

May 14, 2020
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