China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source.
Under the terms of the trade deal to be signed on Wednesday in Washington, China would also buy over $50 billion more in energy supplies, and boost purchases of U.S. services by about $35 billion over the same two-year period, the source told Reuters on Monday.
The Phase 1 agreement calls for Chinese purchases of U.S. agricultural goods to increase by some $32 billion over two years, or roughly $16 billion a year, said the source, who was briefed on the deal.
When combined with the $24 billion U.S. agricultural export baseline in 2017, the total gets close to the $40 billion annual goal touted by U.S. President Donald Trump.
The numbers, expected to be announced on Wednesday at a White House signing ceremony between Trump and Chinese Vice Premier Liu He, represent a staggering increase over recent Chinese imports of U.S. manufactured goods, raising some skepticism over how it would be achieved.
[NFA] U.S. House of Representatives Speaker Nancy Pelosi and Republican Senate Majority Leader Mitch McConnell agreed in talks Thursday that a COVID-19 relief package and a government funding bill should pass “as soon as possible." Colette Luke has more.
[NFA] The White House coronavirus task force coordinator Dr. Deborah Birx on CBS’s ‘Face The Nation’ Sunday said she is increasingly concerned about a potential new spike in COVID-19 infections after Thanksgiving, as lawmakers continue to stall on legislation that could be crucial to vaccine distribution. Gavino Garay has more.
Senate Democratic leader Chuck Schumer on Wednesday doubled down on his argument that Republicans have no legal case in challenging the results of the U.S. presidential election that was called for Democrat Joe Biden over the weekend.
[NFA] The Republican-controlled U.S. Senate on Sunday moved closer toward a final confirmation vote on President Donald Trump's Supreme Court nominee, Amy Coney Barrett, on Monday, just over a week before Election Day. Gavino Garay reports.
The Republican-led U.S. Senate Judiciary Committee on Thursday approved President Donald Trump's nomination of Amy Coney Barrett to a lifetime Supreme Court seat despite a Democratic boycott, clearing the way for a final Senate confirmation vote planned for Monday. This video produced by Jonah Green.
[NFA] U.S. President Donald Trump on Thursday declined to say whether he still had confidence in U.S. Attorney General William Barr after the Department of Justice chief this week said there was no sign of major fraud in last month's presidential election. This report produced by Chris Dignam.
The mayor of Austin, Texas, told his constituents on a video call last month to 'stay home' and avoid unnecessary travel. The message was a bid to stem the spread of the novel coronavirus in the city and across Texas, as COVID-19 patients are already overwhelming hospitals. But according to Business Insider, Mayor Steve Adler, a Democrat, neglected to mention where he was when he filmed the public service announcement.
On Wednesday, Democrats will pick up a Senate seat when former astronaut Mark Kelly is sworn in as a US senator for Arizona. Kelly defeated Republican Sen. Martha McSally last month. Other senators-elect will have to wait until January to be sworn in for the new Congress. CNN reports that Kelly is able to take the oath of office right away since he won a special election. The swearing-in is slated to take place Wednesday afternoon.
Georgia Secretary of State Brad Raffensperger, a Republican, said Wednesday that Democrat Joe Biden "will be carrying Georgia, he is our president-elect," noting there were no substantial changes after the state's second recount demanded by Republican President Donald Trump's campaign, and calling out Trump's repeated claims of voter fraud.
Dr. Fauci met with President-elect Joe Biden's transition team on Thursday. Fauci will continue in his role under the Biden administration at the National Institutes of Health. Fauci said they discussed “a variety of Covid-related topics.” Fauci said he has spoken previously with Biden's incoming White House chief of staff, Ron Klain. Fauci added that his Thursday meeting will likely be the first of a series of transition meetings with the team.
The public should expect a "flurry" of pardons before President Donald Trump leaves office. A source close to the White House suggested this, according to reports at CNN. The reality is that pardons happen at the end of almost all previous administrations. This source said Trump's advisers say it would perfectly fine for Trump to pardon his family members. He may also pardon other associates preemptively, even if they haven't been charged with any crimes.
U.S. President Donald Trump released a lengthy speech recorded at the White House on Wednesday, in which he repeated his unsubstantiated claims of widespread election fraud, a day after Attorney General William Barr said there was no evidence of widespread fraud that could change the outcome. This report produced by Chris Dignam.
When asked by a reporter on Wednesday if the White House was setting a good example by holding in-person holiday parties during a pandemic, White House Press Secretary Kayleigh McEnany said "if you can loot businesses, burn down buildings, engage in protest, you can also go to a Christmas party."