Trump megabill and economic agenda would spur growth and reduce national debt, according to White House report

President Donald Trump’s megabill and his overall economic agenda would increase economic growth, spur job creation, boost wages and lower the national debt, according to an updated report released ... Read More

White House predicts up to $2.3T in growth-induced deficit reduction from tax bill

The CEA said that the bill would result in $2.1 to $2.3 trillion in deficit reduction over a decade due to the growth sparked by the tax provisions in the bill. Read More

White House sees consumer sentiment on the rise, girding hopes for November amid persistent economic pessimism - CNN

White House advisers are looking to one economic indicator in particular for signs that the economy is heading in the right direction amid persistent inflation, high interest rates and lackluster ... Read More

US economic data points to 'real momentum' for 2024, White House says

Higher consumer spending over the holiday season, real wage gains over the last nine months and a jump in consumer confidence point to a good start for 2024, said Jared Bernstein, chair of the ... Read More

David Moon: White House misspeaks on wage claim - Knoxville News Sentinel

When White House Press Secretary Karine Jean-Pierre recently claimed that “the CPI data [showed] that wages have increased,” I assumed her reference to the CPI (consumer price index – that ... Read More

WATCH: White House holds briefing as consumer inflation continues to steadily lower | PBS News

WASHINGTON (AP) — The White House held a briefing amid news that consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price ... Read More

Wage Growth Outpaces Inflation, But Economic Challenges Remain

While the current data represents progress, most economists agree that sustained periods of wage growth exceeding inflation will be necessary before most Americans feel genuine financial improvement. Read More

Competing Narratives on Real Wages, Incomes Under Biden

Second, quarterly data from the BLS identifies that real median weekly earnings for full-time workers (using 1982-1984 CPI-adjusted dollars) have decreased by 2.14% from the first quarter of 2021 ... Read More

White House stresses job creation, consumer spending ahead of key economic report - The Hill

The Biden administration is leaning on strong job growth and healthy consumer spending ahead of a highly anticipated economic report this week that will signal how close the U.S. is to a recession. Read More