Economy

Filter

U.S. budget deficit surges to $134.5 billion in October

By Martin Crutsinger, Associated Press

The federal government, which ended the 2019 budget year with its largest deficit in seven years, began the new budget year with a deficit in October that was 33.8% bigger than a year ago as spending hit a record.

Jerome Powell optimistic about the U.S. economy's 'sustained expansion'

By Christopher Rugaber, Associated Press

In testimony before a congressional panel, Powell expressed optimism about the U.S. economy and said he expects it will grow at a solid pace, though it still faces risks from slower growth overseas and trade tensions.

What ending DACA could cost the U.S. economy

By Courtney Vinopal

DACA has allowed hundreds of thousands of young immigrants to study and work freely in the U.S., allowing them to contribute more to the national GDP and in federal taxes.

Largest U.S. milk processor files for bankruptcy

By Michelle Chapman, Dee-Ann Durbin, Associated Press

An increasing variety of beverages, including teas and sodas, has hurt milk consumption. So have protein bars and other on-the-go breakfasts, which take the place of a morning bowl of cereal.

WATCH: Trump addresses the Economic Club of New York

By Associated Press

President Donald Trump said the administration is responsible for creating 7 million jobs, though only 6.25 million have been created since he took office in January 2017.

Trump disputes reports that U.S. will roll back tariffs on China

By Christopher Rugaber, Associated Press

Trump's pushback suggested that negotiations haven't progressed as far as hoped as the world's two biggest economies struggle to negotiate an end to their trade war.

2020 brings more private insurance plans for Medicare patients. Here's why you need to look closely

By Philip Moeller

Nearly 15 percent more Medicare Advantage plans will be available to patients in 2020.

U.S. work productivity falls for the first time in nearly 4 years

By Christopher Rugaber, Associated Press

Some economists point to technologies, such as smartphones and mobile software, that aren't that economically useful. Others say that innovations like search engines, which are free to users, aren't properly captured in government data.

Why a slowdown in manufacturing matters for the U.S. economy

By Gretchen Frazee

Manufacturing makes up a small portion of the U.S. economy, but if the sector stalls, it could drag down related industries and disproportionately affect parts of the country where factories employ thousands of people.