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.
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.
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.
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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…
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."…
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…
The new estimate was lower than the government's initial estimate a month ago of 2.1% annual growth.
The shutdown's biggest effect on the economy is likely to be the cutback in federal spending. But consumer spending is another important factor.
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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