LISTEN LIVE

Avie Schneider

Updated at 11:51 a.m. ET Wednesday

As the partial government shutdown continues into its second week, President Trump has invited a bipartisan group of top lawmakers to the White House for talks.

Updated at 4:39 p.m. ET

The economy expanded at a 3.5 percent annual rate in the third quarter, the Commerce Department said Friday. That's slower than the second quarter's blockbuster 4.2 percent, but it puts the economy on pace for the fastest annual growth in 13 years.

Private analysts had estimated a 3.4 percent growth rate in gross domestic product for the third quarter.

Consumer spending jumped at a 4 percent rate in the July-September quarter — the fastest in about four years and topping the 3.8 percent in the prior three months.

Updated at 11:01 a.m. ET

Hours after President Trump announced tariffs on $200 billion in Chinese goods, China responded with its own levies on $60 billion worth of U.S. products.

Chinese state television on Tuesday reported that the government has decided to impose tariffs of 5 percent to 10 percent on $60 billion worth of U.S. products, starting on Monday. The tariffs will apply to 5,207 items.

Updated at 9:08 a.m. ET

The economy continued to add jobs at a steady pace last month, and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.

Payrolls grew by a lower-than-expected 157,000 in July, and the unemployment rate edged down to 3.9 percent, as projected, the Labor Department said Friday.