GDP

May 31May 31
Debt ceiling deal won’t have much impact on the US economy, analysts say
- National
- News
President Joe Biden and House Republicans have finally agreed on a deal to raise the government’s debt ceiling, including changes to the federal budget in a number of areas. Analysts say the agreement could have only marginal effects on the US economy.

Pristine Villarreal
February 15February 15
Congress needs to act soon to avoid catastrophic US debt default, CBO report warns
- National
- News
The federal government will be unable to fully pay its obligations sometime between July and September if Congress doesn’t address the debt limit before then, the Congressional Budget Office said Wednesday.

Pristine Villarreal
September 22September 22
Report: Regional Economy Slowing, But Not at Rate of National Economy
Inland Empire business activity is declining, but the downturn is not occurring at the same pace as the rest of the nation, UC Riverside economists said Thursday.

Ceci Partridge
March 19March 19
Coronavirus could spark another Great Depression, former Trump adviser warns
- Coronavirus
- National
(CNN) — The widespread shutdown of the American economy because of the coronavirus could spark a repeat of the Great Depression, former Trump economist Kevin Hassett told CNN on Thursday. The startling warning from a former White House adviser comes as Wall Street banks say the United States faces an historic collapse in GDP and mounting job […]
January 28January 28
Government shutdown cost economy $11 billion, budget office says
- National
Federal employees went back to work Monday after the longest shutdown in government history — but the economic effects will be felt for a long time. A report released Monday by the nonpartisan Congressional Budget Office found that the economy took an $11 billion hit, including $3 billion that’s gone forever, in the 35 days that parts of […]
July 11July 11
Trump doubles request for NATO defense dollars, calls Germany ‘a captive of Russia’
- National
President Donald Trump called Germany “a captive of Russia” and pressed NATO allies to double their commitment to defense spending Wednesday during a momentous opening to a two-day summit here. Trump had already harshly criticized North Atlantic Treaty Organization nations that have failed to hit a target of spending 2 percent of their gross domestic […]
June 26June 26
CBO: Ballooning national debt could hurt U.S. economy, increase likelihood of crisis
- National
The national debt is on track to nearly double as a share of the economy over the next 30 years, according to a new report from the nonpartisan Congressional Budget Office. Federal debt is currently equivalent to 78 percent of the country’s annual Gross Domestic Product, with the report estimating it will rise to 100 percent of […]
March 20
What You Need To Know About The New Interest Rate Hikes
- Archive
The Federal Reserve’s interest rate increase is the first in a year and the second since the Great Recession of 2008 and although a quarter of a point may not seem like a lot, chances are you will feel it. When it comes to moving the economy forward, President Trump and Federal Reserve Chairwoman Janet […]

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