Republicans’ tax cuts and the new spending bill Congress approved last month will send the economy surging this year to 3.3 percent growth — but will also send the deficit soaring back to the record levels of the early Obama years, the Congressional Budget Office said Monday.
The economy created 103,000 new payroll jobs in March and the unemployment rate held steady at 4.1 percent, the Bureau of Labor Statistics reported Friday morning.
The world’s second-largest economy has responded to President Donald Trump’s controversial trade tariffs.
To observers, Saudi Crown Prince Muhammad bin Salman Al Saud’s flagship idea may seem overly ambitious – to build a mega-city known as Neom along the Gulf of Aqaba and the Red Sea that extends across the borders to Jordan and Egypt.
Eleven countries are expected to sign a landmark Asia-Pacific trade agreement in Santiago on Thursday, as an antidote to the increasingly protectionist bent of the United States, which last year pulled out of the pact.
U.S. stocks fell for the first time in four days Tuesday after comments from new Federal Reserve Chair Jerome Powell sent rates higher.
New applications for unemployment benefits dropped 7,000 to 222,000 in the second full week of February, the Department of Labor reported Thursday, the second-lowest mark of the recovery and a good sign for the economy.
The Department of Justice is creating a task force to evaluate cybersecurity issues, in particular efforts to undermine U.S. elections, Attorney General Jeff Sessions announced Tuesday.
President Trump’s second budget will cut $3 trillion in spending over the next 10 years, White House officials indicated Sunday night, but won’t be balanced.
The Dow Jones industrial average plunged 1,033 points Thursday, its second-worst drop in history, extending its losses in the recent selloff to more than 10% and putting it officially into correction territory.
The economy added 200,000 new jobs and the unemployment rate held steady at 4.1 percent in January, the Department of Labor reported Friday, as job creation bounced back to a robust pace.
The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed.
Gaza is beyond a ‘humanitarian crisis’ and ‘on the verge of a total systems failure,’ UN Middle East envoy Nickolay Mladenov said on Tuesday.
Pictures and videos coming out of Iran are starting to look more like a full-on revolution than a protest movement, but American news agencies continue to be slow to react, describing the historic protests as mostly about the country’s weak economy and chastising President Trump for cheering them on.
Russian President Vladimir Putin told his Syrian counterpart Bashar Assad in a new year’s greeting that Russia will continue supporting Syria’s efforts to defend its sovereignty, the Kremlin said on Saturday.
Catalonia’s separatists look set to regain power in the wealthy Spanish region after local elections on Thursday, deepening the nation’s political crisis in a sharp rebuke to Prime Minister Mariano Rajoy and European Union leaders who backed him.
The U.S. economy grew at a solid 3.2 percent annual rate from July through September, slightly slower than previously estimated but still enough to give the country the best back-to-back quarterly growth rates in three years.
Congressional Republicans say they are pressing forward after the Senate passed its $1.4 trillion tax cut bill late last week and that its differences with the House version shouldn’t create major roadblocks in the process as they look to send a bill to President Trump’s desk before year’s end.
With the Bureau of Economic Analysis announcing today that, according to its second estimate, real Gross Domestic Product grew at an annual rate of 3.3 percent in the third quarter–following a second quarter rate of 3.1 percent–the United States took a step toward doing something it has not done in more than 12 years: seeing the economy grow at an annual rate of 3.0 percent or better in three straight quarters.
The U.S. economy’s growth rate last quarter was revised upward to the fastest in three years on stronger investment from businesses and government agencies than previously estimated, Commerce Department data showed Wednesday.