Economy News What’s Going On With The U S Economy

The Economy on a Knife's Edge

This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from ... Read More

Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day

Treasury Secretary Scott Bessent warned the ongoing government shutdown could cost the U.S. economy up to $15 billion daily as it enters its third week. Read More

Shutdown is costing US economy $15 billion a day, Bessent says

The two-week-old federal government shutdown is costing the U.S. economy about $15 billion a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic ... Read More

Government shutdown halts data, stokes risk as economy wobbles, experts say

The government shutdown halted the release of key economic data, choking off the flow of information as some experts warn the economy may be slipping toward a recession, some economists told ABC News. Read More

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

If the U.S. economy was really flying high, the Federal Reserve wouldn’t have lowered interest rates last month. So what’s really going on? Read More

Tariffs expected to slow global trade, adding another risk to US economy

The World Trade Organization, in a report released this past week, forecasts that global trade will slow next year as fewer goods and services move between countries. It had originally predicted ... Read More

Shutdown costing US economy about $15B a week: Hassett

National Economic Council Director Kevin Hassett warned Monday that the government shutdown could cost the U.S. economy approximately $15 billion a week. In an interview on CNBC’s “Squawk Box,” ... 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

Will the federal government shutdown last long enough to hurt the U.S. economy?

A lengthy government shutdown would only complicate the employment picture and possibly further erode consumer confidence. Read More

Federal shutdowns usually don’t do much economic damage. There are reasons to worry about this one

Shutdowns of the federal government usually don’t leave much economic damage. But the one that started Wednesday looks riskier, not least because President Donald Trump is threatening to use the ... Read More

Even GOP voters are souring on this economy

Only 44% of Republicans think the economy is excellent or good, according to new data from the Pew Research Center. Compare this to the soaring approval of GOP voters in Trump’s first term before ... Read More