The U.S. budget deficit widened to $984 billion, which was 4.6 per cent of the nation’s gross domestic product. The previous fiscal year deficit was $779 billion, with a deficit-to-GDP-ratio of 3.8 per cent. Continue reading
“I’m not looking at a tax cut now,” he told reporters at the White House. “We don’t need it. We have a strong economy.” Continue reading
Kellyanne Conway declared to reporters on Monday, “The fact is, the fundamentals of our economy are very strong.” Continue reading
The economists surveyed by the NABE were skeptical about prospects for success of the latest round of U.S.-China trade negotiations. Continue reading
Democrats including Rep. Alexandria Ocasio-Cortez of New York are calling for a Green New Deal intended to transform the U.S. economy to combat climate change and create thousands of jobs in renewable energy. Continue reading
This December is on track to be the worst for stocks since 1931. Continue reading
Should voters go Democratic, in part to protest U.S. President Donald Trump’s behaviour, or back Republicans in hopes that the economy will continue to thrive? Continue reading
The S&P 500 index slid 17.31 points, or 0.6 per cent, to 2,723.06. The Dow Jones Industrial Average fell 109.91 points, or 0.4 per cent, to 25,270.83. Continue reading
The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, according to data released on Monday by the Treasury Department. Continue reading
The U.S. Labor Department reported Friday that jobs added to the U.S. economy extended an extraordinary 8½-year streak of monthly job growth, the longest on record. Continue reading