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WASHINGTON: The White House is considering cutting taxes or revering tariffs to head off a recession, US media reported on Monday, despite President Donald Trump's insistence on the economy's health. Senior White House officials are considering several moves to stimulate the economy including temporarily cutting the payroll tax to increase workers' monthly take-home pay, The Washington Post reported. Also under consideration is reversing new tariffs the Trump administration imposed on Chinese goods, according to The New York Times. The discussion is still in the early stages, and officials have not brought up the idea with Trump, who would have to seek approval from Congress, the newspapers said. The White House disputed the reports in a statement to the Post, saying "cutting payroll taxes is not something under consideration at this time." Trump on Sunday pushed back against talk of a looming recession after a raft of US data reports last week gave a mixed outlook for the economy. … [Read more...] about White House mulling tax cut to avoid recession: report

WASHINGTON: White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.Trump administration economic adviser Larry Kudlow said trade deputies from the two countries would speak within 10 days and "if those deputies meetings pan out...we are planning to have China come to the USA" to advance negotiations over ending a trade battle that has emerged as a potential risk to global economic growth.But even with the stalks stalled for now and the threat of greater tariffs and other trade restrictions hanging over the world economy, Kudlow said on "Fox News Sunday" the United States remained "in pretty good shape.""There is no recession in sight," Kudlow said. "Consumers are working. Their wages are rising. They are spending and they are saving."His comments follow a rocky week in … [Read more...] about White House says no recession in sight, pushes China trade talks

WASHINGTON: White House officials and big social media companies met on Friday to talk about how to curb extremism online after two mass shootings last weekend that killed 31 people in Texas and Ohio.After the shootings, U.S. President Donald Trump laid blame on the internet and social media for providing places "to radicalize disturbed minds" and called on the Justice Department to work with companies "to develop tools that can detect mass shooters before they strike."Social media companies have come under increasing scrutiny since a white supremacist broadcast deadly attacks in Christchurch, New Zealand, online. But law enforcement experts say identifying and stopping extremists online is easier said that done, given free speech protections and censorship concerns.The White House declined to comment on who took part or led Friday's closed-door meeting. Trump did not attend, having traveled to New York on Friday for fundraisers ahead of a planned vacation at his golf course in New … [Read more...] about White House summons tech, social media firms after shootings