Benzinga's Political Round Up

U.S. Steelworkers filed a complaint with U.S. trade officials yesterday, claiming China is unfairly subsidizing its clean-energy technology sector. This severely hurts companies like U.S. Steel X and Nucor NUE, whose CEO Dan DiMicco advises the White House on manufacturing policy. Austan Goolsbee is set to become the new chair of Council of Economic Advisers, this morning, according to administration officials. This would continue the policies already set in place by the Obama administration. It would benefit companies such as Caterpillar CAT, whose share price and business prospects have brightened since Obama became president in 2008. President Obama had a press conference today to discuss the economy. Here is a link to a live blog of the questions and answers that were asked and answered today.
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Posted In: EarningsNewsPoliticsEconomicsPersonal FinanceGeneralConstruction & Farm Machinery & Heavy TrucksIndustrialsMaterialsSteel
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