Economy News Could The Us Economy Be Doing Too Well

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

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

Are Voters Finally Starting to Believe Democrats on the Economy?

Tuesday’s election results could suggest that the party is finally settling on a coherent, effective economic message. But the Democrats have blown these opportunities before. Read More

US economy in the dark as government shutdown cuts off crucial data

US policymakers, financial institutions and business owners have been flying blind for almost a month as a government shutdown has stopped the release of crucial federal economic data ranging from ... 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

The Entire Economy Now Depends on the AI Industry Not Fumbling

These days, you don’t have to be a Rockefeller financier to know that the US economy is on shaky ground. Utility bills are going through the roof, imported goods are skyrocketing in cost, and job ... Read More

Rethinking Economic Growth

The following is an excerpt from the forthcoming book, “Rethinking Economic Growth,” by Dan Varroney. The United States is the largest and most productive economy in the world, by a wide margin. But ... 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

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

As two of the country's biggest states by GDP, their economies 'may be canaries in the coal mine,' one economist notes The economies of California and New York could be proverbial canaries in the coal ... Read More