Lawmakers Reach Deal on Defense Bill, Establishing US Space Force

Lawmakers reached an agreement on Dec. 9 for a compromise version of the National Defense Authorization Act (NDAA) that includes $738 billion for the Department of Defense to set national defense policy—as well as the authorization of the U.S. Space Force.

As Fed reiterates rate pause, forecasts likely to be blown off course

Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond.

Europeans rap Iran for working on nuclear-capable missiles

France, Germany and the United Kingdom say Iran’s efforts to develop ‘nuclear-capable ballistic missiles’ go against a U.N. Security Council resolution calling on Tehran not to undertake any activity related to such missiles.

Trump expected to sign Hong Kong bill

President Trump is expected to sign legislation backing pro-democracy demonstrators in Hong Kong and authorizing sanctions, according to former officials familiar with his thinking, even as his administration pursues a trade deal with China.

U.S. warships sail in disputed South China Sea amid tensions

U.S. Navy warships, on two occasions in the past few days, have sailed near islands claimed by China in the South China Sea, the U.S. military told Reuters on Thursday, at a time of tension between the world’s two largest economies.

Trump: Without a China Trade Deal, the US Will Hike Tariffs

The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.

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