WASHINGTON (Reuters) -A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The measure from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil to help replenish...

WASHINGTON (Reuters) - U.S. central bank officials are having trouble judging the underlying strength of the economy given the rapid changes in trade policy and the impact on households and businesses rushing earlier this year to buy imported goods, Federal Reserve Governor Adriana Kugler said on Monday. Speaking a day after U.S. and Chinese negotiators agreed to temporarily pause their...

WASHINGTON (Reuters) - The Federal Reserve got one more reason to wait on cutting interest rates after a delay of the most punitive tariffs imposed in the Trump administration's trade battle with China appeared to reduce the chance of a U.S. economic slowdown that would force the central bank to rush to the rescue by reducing borrowing costs. With U.S....

NEW YORK (Reuters) - The United States and China reached a better-than-expected dealto temporarily slash tariffs, sending stocks and the U.S. dollar sharply higher, as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession. The U.S. will cut extra tariffs it imposed on Chinese imports in April this year to 30%...