It's no surprise that the year "fake news" entered our vocabularies was a controversial one for media. NewsBusters' Curtis Houck joins Cheddar to break down the year's most polarizing press events. We consider how to hold journalists accountable without vilifying them.
Houck points to Vice President Al Gore's marketing strategy for his documentary "An Inconvenient Truth 2" as an instance of dishonesty. He also revisits the media's decision to use Big Bird as a symbol of PBS' budget cuts. Despite headlines saying the government was killing the children's character, Sesame Street is still airing on PBS.
Finally, Houck reveals some of the most infamous media mistakes of the year. From Brian Ross' false reporting about the Michael Flynn guilty plea to CNN's misrepresentation of Anthony Scaramucci's Russia ties, Houck says the media lost significant credibility in 2017. We also consider the apparent double standard different networks are taking in their approaches to punishing erring journalists.
For President Donald Trump, tariffs — or the threat of them — can bend nations to his will.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated. The move comes amid a fraught time for the central bank, with hiring sluggish and yet inflation stuck above the Fed’s 2% target. Compounding its challenges, the central bank is navigating without much of the economic data it typically relies on from the government. The Fed has signaled it may reduce its key rate again in December but the data drought raises the uncertainty around its next moves. Fed Chair Jerome Powell told reporters that there were “strongly differing views” at the central bank's policy meeting about to proceed going forward.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
