U.S. Economic Growth Slows to 2.6% in Q4
“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.
U.S. Budget Deficit Swells to $779B in FY 2018
The White House blames increased spending for the mounting deficit but its own data "suggest falling revenues were a far larger contributor."
Rising Income Gap Threatens U.S. Credit Rating
"Pressures from rising inequality will exacerbate already material fiscal challenges on the horizon," Moody's warns in a report.
U.S. Companies Add 219,000 Jobs in July: ADP
“The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending.”
U.S. Economy Slows to 2.3% Growth Rate in Q1
Economists expect the GOP tax cuts to give a boost to GDP in Q2 but the economy may still fall short of President Trump's 3% target this year.
U.S. Budget Deficit Widens to $208B in March
The U.S. government's rising debt "would have serious negative consequences for the budget and the nation," the CBO warned this week.
Small-Business Optimism Falls Despite Tax Cuts
"The big picture remains solid, with small firms as optimistic, and inclined to spend and hire, as [much as] they have ever been," the NFIB says.
U.S. Consumer Sentiment Hits 14-Year High
The gain reflected a surge in confidence among lower-income households that have benefited from the GOP's tax cuts.
U.S. Budget Deficit Grows to $215 Billion
The February shortfall is an early indication of the effects of the GOP tax cuts, with withholding taxes falling 2%.
Tax Cuts Trigger CFO Optimism
U.S. finance chiefs see earnings growth in 2018, but they also expect higher wage and benefits costs.
U.S. Trade Gap Rises 12.1% in 2017
The December deficit was the largest since 2008 as robust domestic demand pushed imports to a record high of $256.5 billion.