NYT > Economy


    Theresa May Seeks to Unlock Brexit Talks in Florence Speech

    Theresa May Seeks to Unlock Brexit Talks in Florence Speech


    Prime Minister Theresa May in Florence, Italy, sought on Friday to stress the common interests of Britain and continental...

    More conciliatory than in the past, the prime minister offered some specifics aimed at soothing anxieties about a damaging “cliff-edge” withdrawal.
    Economic View: The U.S. Still Leans on the Military-Industrial Complex

    Economic View: The U.S. Still Leans on the Military-Industrial Complex


    Weapons manufacturing is a big source of economic growth in the United States, where new factories are so automated that they create fewer...

    Weapons manufacturing is a big source of economic growth in the United States, where new factories are so automated that they create fewer jobs.
    The Contenders: Who Will Be Trump’s Pick to Lead the Fed? We Asked Experts to Rate the Odds

    The Contenders: Who Will Be Trump’s Pick to Lead the Fed? We Asked Experts to Rate the Odds


    From left, Kevin Warsh, Janet Yellen, Gary Cohn, John Taylor, Glenn Hubbard, Larry Lindsey, Jay Powell, John Allison, Tom Hoenig, Richard Davis, Bill Dudley and the rest of the field. The width of each image reflects the odds 11 experts gave that person...

    The president has dropped no hints of what he might do, leaving the field wide open for expert guesswork.
    In Germany, Blue-Collar Jobs Provide Bulwark to Populism

    In Germany, Blue-Collar Jobs Provide Bulwark to Populism


    Midsize companies like Wilo, which produces specialized water pumps in Dortmund, helped make Germany the third-largest exporter in the world last...

    Dortmund survived the collapse of its coal and steel industries, which helped the city avoid the working-class alienation that has fed right-wing parties elsewhere.
    S.&P. Downgrades China’s Debt, Citing a Surge in Lending

    S.&P. Downgrades China’s Debt, Citing a Surge in Lending


    Construction at Beijing’s new airport. Standard & Poor’s downgraded its rating on China’s debt on Thursday, saying the country was using growing amounts of debt to fund building projects and other activities that spur economic...

    The firm’s move, spurred by a borrowing spree that it said threatens the world’s No. 2 economy, comes just before a sensitive Communist Party meeting.
    Common Sense: Tax Reform for the Rich: Reduce the Rates but Lose the Breaks

    Common Sense: Tax Reform for the Rich: Reduce the Rates but Lose the Breaks


    A study by the Tax Foundation shows that the mortgage interest deduction disproportionately favors taxpayers in states with high real-estate costs, which tend to be blue states like New York and...

    Curbing special treatment for state and local taxes, mortgage interest and capital gains could pay for meaningful changes across the board.
    Confident Fed Sets Stage for December Rate Increase

    Confident Fed Sets Stage for December Rate Increase


    The Federal Reserve noted the impact of three recent hurricanes, including one that was striking Puerto Rico on Wednesday, but said the storms would weigh on the economy only...

    The Federal Reserve said a trio of punishing hurricanes were unlikely to reduce the pace of economic growth, and it continued to dismantle its stimulus programs.
    Senate Republicans Embrace Plan for $1.5 Trillion Tax Cut

    Senate Republicans Embrace Plan for $1.5 Trillion Tax Cut


    Senator Bob Corker, Republican of Tennessee, who considers himself a strict deficit hawk, said, “I’m going to want to believe in my heart that we’re going to be lessening deficits, not...

    Senate Republicans, abandoning a key fiscal doctrine, agreed to move ahead on a budget that would add to the federal deficit in order to pave the way for a $1.5 trillion tax cut.
    Push for Nafta Overhaul May Fall Short, U.S. Negotiator Says

    Push for Nafta Overhaul May Fall Short, U.S. Negotiator Says


    From left, Chrystia Freeland, Canada’s foreign minister, Ildefonso Guajardo Villarreal, Mexico’s economy secretary, and Robert Lighthizer, the United States trade representative, held the second round of negotiations on the North American Free Trade...

    A tight timeline and ambitious goals leave the Trump administration with a narrow path to success in talks on the North American Free Trade Agreement.
    G.M. Workers Strike in Canada as Mexico Jobs Raise Tension

    G.M. Workers Strike in Canada as Mexico Jobs Raise Tension


    Strikers at the General Motors plant in Ingersoll, Ontario, on...

    About 2,750 union workers at an Ontario factory staged the nation’s first walkout at an auto assembly plant in 21 years as an impasse was declared in talks.
    Bump in U.S. Incomes Doesn’t Erase 50 Years of Pain

    Bump in U.S. Incomes Doesn’t Erase 50 Years of Pain


    A Ford assembly line in Wayne, Mich., in 1963. Until the late 1960s, men turning 25 in any given year wound up with a higher lifetime income than older men, but that trend has...

    Recent trends have produced positive statistics, but forces undermining the middle class may reach back farther than many economists have thought.