Economy News America Has A Trapped In Place Economy

World News in Brief: Global economy ‘on the brink’, ending slavery, Latin America jobs update

Global economic growth will slow to 2.6 per cent in 2025, down from 2.9 per cent in 2024, as global trade and investment face growing pressure from financial volatility and geopolitical uncertainty, ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More

Why has America’s economy gone K-shaped?

The rich get richer and the poor get poorer. That old saying has taken on a new label in 2025. America’s economy is increasingly “K-shaped.” The term is used to describe when “wealthy consumers do ... Read More

US economy grows at fastest pace in nearly two years as spending roars back

Fresh government data showed the US economy grew at a much stronger pace than initially estimated – news that dented hopes the Federal Reserve’s will cut rates aggressively in the months ahead. Gross ... Read More

‘Things are pretty crappy.’ 1 in 4 US households are living paycheck to paycheck

Austin H. can’t wait to buy a house and start a family. But right now, the 34-year-old is barely getting by. Austin is living paycheck to paycheck and saving almost no money, one of the millions of ... 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

Donald Trump’s fortress economy is starting to hurt America

Brick by brick, President Donald Trump is building a wall around the world’s largest economy. As America’s tariff barriers on everyone else have gone up, so has the drawbridge, making it harder for ... Read More

Trump’s Agriculture secretary: ‘The farm economy is not in a good place’

Agriculture Secretary Brooke Rollins on Tuesday said the farming economy is “not in a good place” as those in the agriculture industry lose sales from trade severances with China and other partner ... 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

RBA warns economy in danger of being trapped in slow growth lane indefinitely

A senior Reserve Bank official has thrown cold water on the potential for another interest rate cut — saying it is "more plausible" to think there might not be room for rates to go any lower. In ... Read More

Thousands of NHS doctors trapped in insecure “gig economy” contracts

Thousands of locally employed doctors (LEDs) - many of them international graduates and from ethnic minority backgrounds - are trapped on insecure NHS contracts with no access to training, career ... Read More