FROM Tom Petruno
Economic Malaise Grows as Oil and Gas Continue to Rise Global financial markets were still in shock when they opened today after Friday's huge jump in oil prices and the big Wall Street decline. Yesterday, the average price of gasoline in the US hit $4 a gallon. The big fear is a "vicious cycle," according to Tom Petruno, financial writer and columnist at the Los Angeles Times .
Economic Trouble in an Election Year For the first time since the markets reopened after September 11, the Federal Reserve today stunned Wall Street by making an emergency cut in interest rates. In 2001, it was a half a percentage point; today it was three-quarters, a week earlier than expected, and bigger than any such cut since 1982. The Dow plunged anyway, then went back up in supposedly hard-hit sectors, including home-repair and high finance. Overall, the markets were down. Is a recession around the corner or already here? The White House and Congress are working up a " fiscal stimulus package ." Will it make things better or worse? What's the role of election year politics?
Further revelations into Russian involvement in 2016 election Last week's failure to "repeal and replace" Obamacare was an early setback for the Trump Administration. There may be long-term danger of a different kind in multiple investigations into ties with Russia among campaign workers, the White House staff and the Chief Executive himself. We look as some of the threads they're following.
Trump, Russia and rabbit holes Conservatives are now joining liberal critics of President Trump by demanding to know about his administration’s ties to Russia. We hear about Washington latest political flap and possible unintended consequence.