WASHINGTON, D.C. — The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. The estimate from […]
SILVER SPRING, Md. — Consumer confidence ticked down slightly in May but remains nearly as high as its been since the pandemic began. The Conference Board reported Tuesday that its consumer confidence index fell to […]
WASHINGTON, D.C. — The U.S. economy grew at a sizzling 33.1% annual rate in the July-September quarter — by far the largest quarterly gain on record — rebounding from an epic plunge in the spring, […]
The average annual rate of real GDP growth under the policies of President Obama and Vice-President Joe Biden from 2010-2017 was 2.1%. There are no “ifs, ands or buts” about that fact. Anyone is entitled […]
The Treasury Department announced last week that the budget deficit for FY 2019 grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from FY 2018. Headlines across the news […]
“There’s something happening here. What it is ain’t exactly clear” are the opening two lines to the 1966 Buffalo Springfield hit song, “For What It’s Worth”. For what it is worth, the same can be […]
Remember the familiar lament from President Barack Obama’s team for eight long years? “Two percent real GDP growth is the new normal for the U.S. economy.” Two percent annual growth wasn’t even the “new normal” […]
WASHINGTON, D.C. – The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the […]
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