WASHINGTON — Fueled by vaccinations and government aid, the U.S. economy grew at a solid 6.5% annual rate last quarter in another sign that the nation has achieved a sustained recovery from the pandemic recession. The total size of the […]
WASHINGTON — A much-awaited economic boom coming off the pandemic recession appeared to edge closer to reality Thursday with fresh data showing the pace of layoffs dwindling, consumers spending freely and manufacturing rebounding. The latest barometers point to a U.S. […]
WASHINGTON — Speaker Nancy Pelosi is not about to blink. The Democratic leader has been here before, negotiating a deal with the White House to save the U.S. economy, and lessons from the Great Recession are now punctuating the coronavirus talks. With […]
WASHINGTON— Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has slowed significantly after a brief rebound in the spring. […]
WASHINGTON— The government is poised Thursday to deliver a double-dose of sobering news — on the devastation the coronavirus caused the U.S. economy last quarter and the damage it continues to inflict on the job market. The pandemic is believed […]
NEW YORK — As state and federal leaders tussle over when and how fast to “reopen” the U.S. economy amid the coronavirus pandemic, some corporations are taking the first steps toward bringing their employees back to work. Which in […]
BALTIMORE — President Donald Trump has been telling voters that the U.S. economy will leap back to life “like a rocket,” stronger than ever after its bout with the coronavirus. But there is a reason economics is called the “dismal science.” There […]
WASHINGTON — Acting with exceptional resolve in an extraordinary time, the House rushed President Donald Trump a $2.2 trillion rescue package Friday, tossing a life preserver to a U.S. economy and health care system left flailing by the coronavirus pandemic. […]
WASHINGTON — With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system. The House […]
WASHINGTON — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a “good place” and the Fed’s main job is to “keep it there as long […]
WASHINGTON — Consumer confidence fell sharply in September, a likely indication that growing economic uncertainties are taking a toll on American households. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 125.1 in […]
Investors rode out another turbulent day on Wall Street Thursday that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Worries about a possible recession collided with hopes that the strongest […]
WASHINGTON — There’s little dispute that the Federal Reserve this week will do something it hasn’t done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate. This time, by contrast, the economy […]
U.S. stock indexes were mostly lower late Wednesday afternoon as investors weighed the Federal Reserve’s decision to rule out interest rate increases this year and its latest outlook on the U.S. economy. The Fed’s decision not to raise rates this […]
WASHINGTON — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. Government data on home construction and retail […]
WASHINGTON — The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow hikes next year. The quarter-point hike, to a range […]
WASHINGTON — President Donald Trump falsely claimed Friday he’s pulled off “an economic turnaround of historic proportions.” Speaking at the White House after the government reported that the economy grew at an annual rate of 4.1 percent in the second […]
WASHINGTON — President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth. Speaking at events Thursday in Iowa and Illinois, Trump claimed victory in advance of Friday’s government release of quarterly gross domestic product data, […]
WASHINGTON — “The economy,” Federal Reserve Chairman Jerome Powell declared this week, “is doing very well.” And it is. Steady hiring has shrunk unemployment to 3.8 percent — the lowest since the 1960′s. Consumers are spending. Taxes are down. Inflation […]
WASHINGTON — President Donald Trump, traveling Asia, is claiming a “phenomenal” economic performance at home, “if I do say so myself.” He does, indeed, say so himself, over and over. But what do those numbers say? In short, they point […]
LONDON — The eurozone, for so long a laggard in the global economy, outpaced the United States in the first quarter of the year and is widely expected to pick up further steam in the months ahead. The single currency […]
WASHINGTON — President Donald Trump will issue a broad call for overhauling the nation’s health care system and revving up the U.S. economy when he delivers his first address to Congress Tuesday night. But he could leave anxious lawmakers with […]
WASHINGTON — The U.S. economy grew at an anemic 1.9 percent rate in the fourth quarter, unchanged from an initial estimate, although consumers performed better than first thought. The increase in the gross domestic product, the broadest measure of economic […]
WASHINGTON — The U.S. economy is lifting job growth and wages but not voters’ spirits. Americans are choosing a president against a backdrop of slow but steady growth that has managed to restore the economy from the crushing setback of […]
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