Economy News What S Happening In The World Economy Us Recession Still Up For Debate Bloomberg

Could the government shutdown tip the US into a recession? Experts weigh in

Roughly 750,000 furloughed government workers already feel crimped by the shutdown as they suffer missed paychecks and strained budgets. Those direct effects will grow dramatically on Nov. 1, when ... Read More

Federal shutdown could cost US economy up to $14 billion

The federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government ... Read More

This vital ingredient suggests the U.S. economy is still faring OK — with no recession brewing

When the economy shows sign of stress, one of the first things Americans strike from their budgets are frequent takeout dinners and restaurant reservations. It’s one of the best early warning signs of ... Read More

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight ... Read More

The U.S. economy is slowing — and the nation’s top economists don’t expect it to improve much over the next year

Economists don’t expect the tide to shift anytime soon. Only one economist is forecasting faster job growth and a lower unemployment rate in the year ahead, Bankrate’s poll found. The majority (81 ... Read More

Is the U.S. economy getting weaker? Here's what we know.

Worries about the economy might be starting to affect consumers' spending decisions. If the U.S. economy was really flying high, the Federal Reserve wouldn't have lowered interest rates last month. So ... Read More

If New York or California enters a recession, the entire U.S. economy would be next. So how are they doing?

New York and California are struggling economically — and if things get worse in those states, they could take the whole U.S. economy down with them. The two states, it must be noted, aren’t doing as ... Read More

IMF chief says global economy doing 'better than feared,' downside risks dominate

WASHINGTON, Oct 8 (Reuters) - The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, ... Read More

CBS News poll finds negativity on economy, job market and concerns about AI's impact

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More