The U.S. economy will grow at a ‘solid’ rate of 2.2 percent this year, the non-partisan Congressional Budget Office forecast on Tuesday, but with federal budget deficits hitting $1.015 trillion.
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu unveiled the “Deal of the Century” peace plan engineered by Trump son-in-law Jared Kushner and his team Tuesday, portending what Netanyahu called a ‘realistic path to a durable peace.’
The Trump Administration may present its ‘Deal of the Century’ to the world as early as next week in a ceremony at the White House to which both Israeli Prime Minister Benjamin Netanyahu and main political rival Benny Gantz of the Blue and White Party have been invited.
China will boost spending on U.S. products in exchange for the rolling back of some tariffs under an initial trade deal signed by the world’s two largest economies on Wednesday, defusing an 18-month row but leaving numerous thorny issues unresolved.
Following a brief lull, Lebanese protesters returned to the streets, blocking several roads around the capital, Beirut, and other areas of the country on Tuesday in renewed rallies against a ruling elite they say has failed to address the economy’s downward spiral.
‘As we begin this new year, our economy is booming,’ President Trump told a rally in Toledo, Ohio Thursday night. ‘Wages are soaring, workers are thriving, and America’s future has never looked brighter.’
Financial markets globally and in the US are looking up. The DOW, S&P 500, and NASDAQ hit record-closing highs Tuesday as a stock rally extended into five straight sessions.
Friday’s booming U.S. jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when U.S. central bankers meet this week, most of the focus will be on their outlook for next year and beyond.
he Labor Department’s Bureau of Labor Statistics says the economy added a whopping 266,000 jobs in November; and for the sixth month in a row, a record number of Americans were counted as employed.
The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a broad decline in imports hinted at a slowdown in domestic demand.
US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post.
U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, amid a stronger pace of inventory accumulation and a less steep decline in business investment.
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
Federal Reserve Chairman Jerome Powell said that the unemployment rate, already at a 50-year low, could drop further without necessarily causing inflation to rise.
As the economy cools less than a year ahead of President Donald Trump’s re-election bid, White House advisers are narrowing in on a tax cut proposal that could shore up support from the middle class.
On the third anniversary of the Paris Climate Agreement going into effect, the Trump administration announced that it has begun the process to withdraw from the multination landmark environmental accord.
The U.S. economy added 128,000 jobs in October and the unemployment rate ticked up to 3.6%, according to new data released Friday, overcoming the drag from a monthlong General Motors strike that ended last week.
The U.S. economy grew at an annual rate of 1.9% for the third quarter of 2019 as businesses slowed their investments and consumer spending declined amid a slowdown in global growth and the trade war with China.
The Federal Reserve cut rates by a quarter-point Wednesday in a widely expected move aimed at staving off a slowing economy and fears of a recession.
Facing escalating mass protests, the government of Lebanese Prime Minister Saad Hariri on Monday approved a package of economic reforms and a 2020 budget without new taxes. Protests swelled in the hours after the announcement, however, as many demonstrators scorned the package as ’empty promises.’