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
Nov 12 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. Continue reading
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… Continue watching
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."… Continue reading
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… Continue watching
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. Continue reading
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. Continue reading
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. Continue reading