Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

“We have not been on a constructive track,â€� Volcker told Bridgewater co-chief investment officer Ray Dalio, in a podcast video released on Tuesday. “I think that’s fair to say.â€� Volcker, widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s, said Trump’s big tax cuts and spending increases underscore the lack of transparency of the president’s administration. Whatever you think about that tax bill, it shouldn’t have been rammed through Congress without any debates at midnight on Dec. 31,â€� Volcker said.

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Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

The Global Iron Ore Crisis: What's Next in Four Charts

Since the initial incident in Brazil in late January, the top producer has announced supply cuts of as much as 70 million tons, although it’s said it will try to offset some lost production. The mainland has a very substantial ore-mining industry, but production has been hurt in recent years as the content is lower-grade and higher-cost than foreign supplies, and Chinese producers have been the target of a strict environmental clampdown.

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The Global Iron Ore Crisis: What's Next in Four Charts

Five takeaways from Trump's El Paso rally on border wall, shutdown talks

President Trump held his first rally of the year Monday, using the backdrop of El Paso, Texas, to make a case for his controversial border wall.

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Five takeaways from Trump's El Paso rally on border wall, shutdown talks