U.S. Economy Posts Smallest Annual Gain Since 2016
“Certainly, the economy isn’t firing on all cylinders, but it also doesn’t appear to be at risk of stalling out either.”
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.