Economy News Us Economy News Today Could The Us Be Leaping Toward Gdp Growth This Year

Shutdown could cost US economy $15 billion a week, Treasury 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

US economy growing at fastest pace in nearly 2 years — and the White House has declared it ‘explosive growth’

Take, for example, the fact that after months of dismal jobs numbers and recession predictions, a recent White House press release touted the U.S. Bureau of Economic Analysis’ revision of second ... Read More

IMF more upbeat about US growth than just months ago, but outlook is dimmer than last year

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration's tariffs have so far proved less disruptive than expected, the International Monetary ... Read More

US economy grew 3.8% in 2nd quarter, far exceeding previous estimate

The U.S. economy grew at an annualized rate of 3.8% in the second quarter in the government's final estimate, besting a 3.3% rate issued in its second estimate and far exceeding a 3% initial estimate. Read More

US economy grew faster than expected in the second quarter

The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic ... Read More

US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

The U.S. economy expanded at a surprising 3.8% from April through June in a dramatic upgrade of the government's previous estimate of second-quarter growth. Read More

Victory for Trump as US economy grows at fastest pace in nearly two years

America's economy is more resilient than initially thought. On Thursday, the Commerce Department revised its April through June gross domestic product, or GDP, estimate to 3.8 percent in the green. Read More

Goldman Sachs warns of 'jobless growth' in the US as AI fuels output but not jobs

Job growth outside the healthcare industry has turned negative recently, and corporate management teams are turning to AI to reduce labor costs. Read More

US economy grows beyond expectations

WASHINGTON (AP) — An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of ... Read More

The U.S. economy grew more than thought in the second quarter

Data released Thursday reflects the resilience of the U.S. economy, even as concerns about the job market and inflation persist. U.S. economic growth, or the gross domestic product (GDP), reached 3.8% ... Read More

US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth

WASHINGTON — (AP) — An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate ... Read More