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

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

U.S. economy speeds up after government shutdown as businesses turn more optimistic

The U.S. economy grew in November at the fastest pace in four months, new surveys showed, and businesses turned more optimistic about the future following the end of the federal government shutdown. Read More

U.S. economy grew at an above-average speed before shutdown, delayed reports show. What about now?

The U.S. economy was still expanding at an uneven but somewhat robust pace as summer drew to a close, a trickle of economic reports delayed by the government shutdown have shown. However, there’s a ... Read More

Trump downplays economic woes as partisan spin, saying, 'Costs are way down'

President Donald Trump continued to insist the economy is strong and even insisted polls showing Americans are feeling economic pain are "fake." ... Read More

US economy likely added jobs at a moderate pace in September

U.S. job growth likely picked up moderately in September, while the unemployment rate held steady near a four-year high of 4.3%, consistent with sluggish labor market conditions that economists and ... Read More

The government is back open. Here’s what that means for economic data

The US government has reopened following its longest-ever shutdown, setting the stage for the eventual release of the gold-standard federal data that is crucial in analyzing the health and trajectory ... Read More

Consumer spending is the U.S. economy's main driver. Here's how it's doing

NPR's Ayesha Rascoe talks to Bankrate analyst Ted Rossman about consumer spending and debt, and what it tells us about the overall health of the economy. Read More

An unusual trend in the economy is worrying the Fed

Something in the US economy isn’t adding up, and it’s rattling the people charged with wrangling inflation and keeping the labor market intact. Read More

CBS News poll finds most would oppose U.S. military action in Venezuela, say Trump hasn't explained

Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip. Read More

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn ... Read More

CBS News poll finds rising concern over government shutdown impact on economy, Americans personally

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

Does the U.S. have a 'K-shaped economy'? What it means for you.

Upper-income Americans are doing better, while low- and moderate-income households are falling behind. Why does that matter? Read More