All the economic data says the real economy is in big trouble, and it will not get better on its own. Factory orders tumble, automakers turn in negative results, and productivity is plunging all at the same time. The Trump Administration knows this and cannot risk imploding the financial markets. So, he choked down a $1.1 trillion spending bill that gave Democrats much of what they wanted. Trump signed the bill to keep the government running until September to buy some time. Trump will be putting together his first real budget soon, and that will take effect on October 1st. Trump got a big win today when the House of Representatives passed legislation that guts Obama Care and puts a new healthcare system in place. The Bill now moves to the Senate for passage.
It’s not just the U.S. that has a big problem with North Korea’s nuclear missile program. China has been telling North Korea to back off for weeks and has threatened to shoot down North Korea’s test missiles. North Korea has reportedly threatened China with “grave consequences over what it calls China’s “betrayal.” This week, China reportedly issued a “final warning” to North Korea. It’s unclear that that means.
Trump signed a new executive order on the National Day of Prayer that will strengthen religious freedom. The order allows clergy to talk politics from the pulpit without the fear of losing religious tax exempt status. This penalty has been in place since the 1960’s Johnson Administration.
Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up.
After the Wrap-Up:
Renowned Economist David Stockman will be the guest for the “Early Sunday Release.” He’s going to explain the federal budgets and consequences of America’s debt. Don’t miss it.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.