Heather Long

Heather Long


@WashingtonPost Economics Correspondent. Email: Heather.long@washpost.com Alum of @CNN and @PennLive. Central PA native.

31218 followers  •  2240 follow  •    •   https://t.co/N1LrsfPVfb

This is telling: Pretty much every other leader at #Davos  came to talk about cooperation and addressing climate change. Trump is talking about how great his economy is. He's talking solely about America and himself. #WEF50 

Trump doesn't mention #climatechange  in his speech, but he does commit US to planting more trees: "Today I’m pleased to announce the United States will join the 1 Trillion Trees [initiative] being launched here at the World Economic Forum. 1 trillion tress." #WEF50  #Davos 

Trump just gave a 30 minute campaign speech at #Davos  He touted the stock market, low unemployment & rising wages He touted his trade deals, US energy and lower regulation. His only message to the world: “The US is by far the strongest economic power” #WEF50 

Good q. Certainly not that I have seen.

Interesting comment from Sec. Mnuchin on financial risks right now: "Yes there’s more leveraged lending but we’re comfortable that is not in the regulated banking system," Mnuchin says. He adds "we don't have anything" like the mortgage problems that caused 2008 crisis. #Davos 

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Jonathan Smith, 30, saved ~30 people last night before he was shot in the neck. He might live w/the bullet for rest of his life. #vegasstrip 

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BREAKING: The US deficit hit $984 billion in FY2019, Treasury says, marking a nearly 50% increase under Trump. Trump promised to eliminate federal debt in 8 years. Instead, it has been growing in his tenure 2019: $984bn 2018: $779 bn 2017: $665 bn 2016: $584 bn 2015: $442 bn

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AARP comes out against the tax bill. They are "deeply concerned" this bill won't leave US with enough $$ for Medicare and Medicaid. They also say the bill will "likely increase taxes" for many older Americans. #TaxBill 

Not good: Business investment was -3% in Q3 2019. Many biz leaders blame the trade war. Biz investment has fallen sharply this year. Q3 2019 -3.0% Q2 2019 -1.0% Q1 2019 4.4% Q4 2018 4.8% Q3 2018 2.1% Q2 2018 7.9% Q1 2018 8.8% Q4 2017 8.4% #economy 

The 1st layoffs from Trump's tariffs are here. -Mid-Continent Nail laid off 60 employees June 15th & expects to lay off 200 more in coming days. -Harley-Davidson just announced it will move production (and likely jobs) offshore b/c of tariffs

Crazy — health insurance costs in the USA are up 20.2% in the past year, according to CPI data out this morning. h/t @pboockvar 

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