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Economy Jun 25

U.S. GDP fell at 5.0% rate in first quarter, but worse is expected to come

By Martin Crutsinger, Associated Press

Economy Jun 01

CBO projects virus impact could trim GDP by $15.7 trillion

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.

By Martin Crutsinger, Associated Press

Economy Nov 27

Work crews construct a new hotel complex on oceanfront property in Encinitas, California, on November 26, 2019. Photo by Mike Blake/Reuters
U.S. economy grew at a moderate 2.1% annual rate last quarter

The growth was slightly faster than predicted, but many economists say they think growth is slowing sharply.

By Martin Crutsinger, Associated Press

Making Sen$e Nov 12

Protesters hold signs outside the U.S. Supreme Court as justices were scheduled to hear oral arguments in the consolidation of three cases before the court regarding the Trump administration’s bid to end the Deferred Action for Childhood Arrivals (DACA) program in Washington, U.S., November 12, 2019. Photo by Jonathan Ernst/Reuters
What ending DACA could cost the U.S. economy

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.

By Courtney Vinopal

Economy Sep 18

Watch 7:31
What Fed’s 2nd interest rate cut in 3 months says about the U.S. economy

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…

Sep 10

Is the rise in U.S. corporate debt cause for concern?

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."…

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Aug 29

Watch 10:23
Can an infusion of public R&D investment revitalize a lagging economy?

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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Aug 29

2nd quarter GDP growth revised down slightly to 2 percent

By Martin Crutsinger, Associated Press

The new estimate was lower than the government's initial estimate a month ago of 2.1% annual growth.

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Jan 23

Government shutdown poses increasing risk to the broader economy

By Christopher Rugaber, Associated Press

The shutdown's biggest effect on the economy is likely to be the cutback in federal spending. But consumer spending is another important factor.

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Nov 16

Manufacturers say their worker shortage is getting worse. Here’s why

By Gretchen Frazee

The National Association of Manufacturers warns 2.4 million manufacturing jobs could go unfilled by 2028, but some economists say the situation is not as dire as it seems.

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