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1 Article
Source: Fox News

Trump expected to hike ethanol limit in gasoline

Wednesday 04:15 GMT

President Trump is expected to revise fuel guidelines on Tuesday to allow for the sale of gasoline with higher concentrations of ethanol year-round, according to a Reuters report.

The Renewable Fuel Standard calls on refiners to blend biofuels, like ethanol, into their fuel – providing support for farmers. In a statement on Monday, the White House confirmed the president would be making a policy announcement related to the Renewable Fuel Standard program on Tuesday, before he is scheduled to head to Iowa to stump for fellow Republicans ahead of the midterm elections.

12 Articles
Source: Common Domain

Behind Market Turmoil, Potentially Good News

Saturday 20:55 GMT

Nonetheless, there are many ways things may not go according to plan: Growth may abruptly downshift as a tax-cut fueled “sugar high” recedes; tight labor markets and tariffs could push up inflation; or emerging market turmoil could spread.

In its semiannual outlook released this week, the International Monetary Fund said the U.S. economy is already operating above its normal capacity, and the fiscal boost coming from lower taxes and increased spending “could lead to an inflation surprise,” triggering rapid rate increases, global financial turmoil, and a stronger dollar, all bad for global growth.

3 Articles
Source: Global News

Donald Trump: ‘I think we’re going to get the African American vote’

Saturday 21:50 GMT

That was U.S. President Donald Trump, speaking at a rally in support of Republican candidates ahead of the midterm elections in Lebanon, Ohio on Friday.

Donald Trump boasts economy poll results that credit Barack Obama for doing the work. Trump has repeatedly highlighted such statistics, particularly in his State of the Union address in January. He has also cited a historically low unemployment rate for black people, which stood at six per cent in September, down from seven per cent a year earlier but mostly unchanged from the two previous months.


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