Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5 percent annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession.
By Associated Press
Amsterdam is the first city in the world to adopt a radical economic theory that suggests economic growth shouldn’t be the ultimate measure of success. Instead, “doughnut economics” focuses on protecting the environment while meeting citizens’ basic needs. Special Correspondent…
By Megan Thompson, Joan Martelli
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.
By Martin Crutsinger, Associated Press
The Congressional Budget Office says the U.S. economy could be $15.7 trillion smaller over the next decade than it otherwise would have been if Congress does not mitigate the economic damage from the coronavirus.
The growth was slightly faster than predicted, but many economists say they think growth is slowing sharply.
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.
The Federal Reserve has cut interest rates for the second time in three months in a bid to keep the U.S. economy growing. What indicators are driving the recent rate reductions, and what is the larger influence of economists on…
By Daniel Bergstresser, Econofact
SEC chairman Jay Clayton said the U.S. corporate debt of almost $10 trillion, which equates to half of the nation's annual GDP, "should attract our attention."…
By Paul Solman
The U.S. government spends about 0.7 percent of GDP on scientific research and development, down from 2 percent in the 1960s. Less investment means fewer chances for breakthroughs like the weapon-seeking robots that saved thousands of soldiers in Iraq and…
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