The Trump administration's engagement with Asia has matched the Obama administration's. What's changed are the priorities: elevating commercial issues to equal or higher priority than security issues.
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"Economic concepts don't readily lend themselves to cartoons," says the former Secretary of Labor, a talented cartoonist who's put a lot of thought into drawing abstract ideas like tax expenditures.
NPR's Scott Simon talks with Wendy Cutler, a former U.S. trade representative, about President Trump's "America first" speech at the Asia-Pacific Economic Cooperation forum in Vietnam.
We examine the differences between the House and Senate tax overhaul plans and assess the chances the Republican-controlled Congress can pass a bill before Christmas as President Trump wants.
Both tax proposals in the House and the Senate would add about $1.5 trillion to the nation's deficit over the next 10 years. That's a big concern for many economists and some lawmakers.
The shale oil boom attracted thousands of oil workers to North Dakota, sending the population of some small towns soaring. In response, communities built up infrastructure projects — new wastewater facilities, schools, etc. But now they're facing hundreds of millions of dollars of debt that will take decades to pay off, not to mention continued uncertainty over whether they've built too much as they watch the boom-bust cycle of the oil patch.
In a speech that sounded at times like an airing of economic grievances, the president told APEC member nations that the U.S. will no longer tolerate unfair trade practices.