Trump shifts from payroll tax cut
President D onald Trump said Wednesday that he is no longer looking to cut payroll taxes, pivoting away from an option he’d confirmed was under consideration a day earlier. Hours after taking to Twitter to needle the Federal Reserve to cut interest rates, Trump told reporters at a White House briefing that there was no need to cut payroll taxes. “We don’t need it. We have a strong economy.” The flip-flop comes amid a larger debate on whether the country is headed toward a recession. On Tuesday, Trump confirmed that he was weighing a temporary payroll tax cut and other measures, seemingly acknowledging that rising fears of a slowdown extended to the Oval Office. Trump’s acknowledgment of the payroll tax plan came one day after The Washington Post reported that several senior White House officials had begun discussing the option. At the time, the White House publicly denied those discussions.
Boeing readies for 737 Max service
Boeing said Tuesday it will begin hiring a few hundred temporary employees at Moses Lake, in central Washington, to work on the grounded 737 Max fleet and prepare the planes for return to service. The marshaling of resources indicates Boeing’s confidence that the Federal Aviation Administration could grant approval to fly passengers on the 737 Max again in little more than two months. When regulators finally clear the Max to return to service, all the grounded airplanes worldwide will need to have installed a new software package designed to fix the Max’s flawed flight-control system, and because all will have been parked for at least six months by the time final clearance is given, each will require extensive maintenance work to make sure everything is working well.