WASHINGTON, May 30 (Reuters) - A drop in government spending dragged more on the U.S. economy than initially thought in the first three months of th...
Up to a point, GDP does tell us important facts about people's lives, livelihoods and aspirations. Living on a dollar a day is miserable no matter how you look at it. Choking on economic growth, of course, is equally bad.
It all comes down to this, the U.S. government will not be able to service its debt once interest rates normalize, and that will be the sad truth regardless of what voodoo tricks Washington uses to report GDP.
WASHINGTON, April 16 (Reuters) - The U.S. economy would likely grow as much as 2 percentage points higher this year if the government were not tighten...
WASHINGTON (AP) — The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accel...
The problem with historical average of revenues and outlays as shares of GDP as a guide toward the future is obvious: there have been fundamental changes in our society and economy that make it an unreliable benchmark going forward.
WASHINGTON — The weakest quarter for the U.S. economy in nearly two years may end up being a temporary lull. Economists think growth has begun t...
As shocking as America's fourth quarter figures are, one key message rings through: underlying growth is where it's at. Know that the government and trade sectors will weigh down growth, making things look humdrum. But the rest of the U.S. economy is heating up.
Isn't $3 trillion already on their books too much? Not really, when you look at what even Fed Chairman Bernanke's predecessor, wily Alan Greenspan (master of do what I say, not what I do), was able to engineer during his almost 20-year tenure. How did he do it?
It means a lot of transactions lost; a lot of contracts unsigned; a lot of economic activity that never took place. So what happened?
Jeez, I knew we were growing too slowly but I didn't think we were contracting. And I still don't -- not in any way that's likely to stick through revisions and incoming data.
WASHINGTON -- The U.S. economy shrank unexpectedly late last year, a reminder of the biggest threat it faces in 2013: sharp government spending cuts a...
Real (after inflation) U.S. Gross Domestic Product is up 2.5 percent from its pre-recession highs, with only China's growth rate higher since the Great Recession. This is in spite of various catastrophic events -- such as Hurricane Sandy and the debt ceiling debate yet to come.
When environmentalists ring alarm bells about what we are doing to the Earth, most Americans hit the snooze button, but when one of the world's most respected financial analysts says that climate change and resource scarcity are imperiling economic growth, maybe it's time to wake up.
The nation's economy expanded at an annual rate of 2 percent last quarter, according to this morning's GDP report. That's faster than last quarter's 1.3 percent and a bit above what most analysts were expecting, so that's good. But it's also just trend growth -- 2 percent is about what it takes to keep the job market pretty much where it is. I could easily write the campaign press releases: Romney/Ryan: growth too slow! Obama/Biden: 13th quarter of expansion, growth picked up from last quarter, no time to change horses (I'd add: especially when the other horse wants to run hard in the wrong direction).
WASHINGTON (AP) — The latest snapshot of economic growth shows the U.S. recovery remains tepid. Growth in the July-September quarter ...
Remember, we're doing this for the children! Kids, you pay more, get less, and the program is "stronger" and more "modern." So how big are these so-called "tweaks"?
A national effort is necessary to stem the tide of a growing underclass, unaffordable tertiary education or education that is out of reach for the majority and the absence of adequate incentives to promote growth and development.
I'm less convinced by the list of usual suspects for slow economic growth. I think we're stuck in a negative cycle where weak employment suppresses incomes which suppresses consumption, investment, and growth, feeding back into weak hiring.
WASHINGTON (AP) — High unemployment isn't going away — not as long as the economy grows as slowly as it did in the April-June quarter. ...
Figures from the German, French and eurozone-wide services and manufacturing sectors almost all disappointed, suggesting that the eurozone's avoidance of economic contraction in Q1 will prove temporary.
What will likely be absent in the inevitable debt debate before the election is any consideration of the relationship of debt to the requirement for perpetual economic growth and its role in the dramatic increase in economic inequality.
WASHINGTON — Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a ...
WASHINGTON -- The U.S. economy grew at an annual rate of 3 percent in the final three months of 2011, the best pace in a year and a half. But that gro...
At a time that the U.S. economy is struggling to pick up steam, Americans are struggling just to keep up. Over the last three months of last year,...
