Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter By Paul Wiseman, Associated Press Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth. Continue reading
Dec 14 Watch 6:35 Congressional leaders hope to avoid government shutdown with a newly unveiled budget deal By Lisa Desjardins Lawmakers on Capitol Hill are working against the clock to figure out funding bills and an assortment of other key measures before the end of the year. Leaders are hoping to avoid a looming government shutdown. Lisa Desjardins breaks down… Continue watching
Nov 30 U.S. economy grew 2.9 percent last quarter slightly beating expectations, revised data says By Paul Wiseman, Associated Press Last quarter’s rise in the U.S. gross domestic product, or the economy’s total output of goods and services, followed two straight quarters of contraction… Continue reading
Jul 28 U.S. economy shrinks for 2nd straight quarter By Paul Wiseman, Associated Press The United States economy contracted at a 0.9% annual pace last quarter, raising fears that the nation may be approaching a recession. Continue reading
Feb 24 Watch 3:27 News Wrap: SEC is investigating Elon Musk, his brother for insider trading In our news wrap Thursday, the Securities and Exchange Commission is investigating whether Tesla CEO Elon Musk and his brother broke insider trading rules, a judge orders a Michigan couple to stand trial for involuntary manslaughter after their son allegedly… Continue watching
Jul 29 WATCH: White House hails latest U.S. GDP figures By Associated Press 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. Continue reading
Apr 24 Watch 9:41 Amsterdam’s ‘doughnut economy’ puts climate ahead of GDP By Megan Thompson, Joan Martelli 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… Continue watching
Jun 25 U.S. GDP fell at 5.0% rate in first quarter, but worse is expected to come By Martin Crutsinger, Associated Press 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. Continue reading
Jun 01 CBO projects virus impact could trim GDP by $15.7 trillion 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. Continue reading
Nov 27 U.S. economy grew at a moderate 2.1% annual rate last quarter By Martin Crutsinger, Associated Press The growth was slightly faster than predicted, but many economists say they think growth is slowing sharply. Continue reading