Trump’s parting gift: Fourth quarter GDP unexpectedly revised up

U.S. 03/26/21, 06:50

The economy expanded faster than previously believed at the end of Donald Trump's presidency. In the fourth quarter of 2020, real gross domestic product rose at a higher rate of 4.3 percent than previously estimated (4.1 percent). The updated GDP figure explains why so much data for the first half of 2020 ...

Joe Biden says ‘America is dead because of COVID-19’

U.S. 10/31/20, 05:55

Democratic presidential nominee Joe Biden proclaimed that "America is dead because COVID-19" at a socially distanced drive-in campaign rally at the Iowa State Fair Grounds in Des Moines on Friday, Oct. 30.  Biden warned that American will face a "dark winter" during the final presidential debate. He reiterated the message on ...

US consumer spending grows fastest in 5 years, helps underpin GDP Q2 number

Business 08/30/19, 12:31

The U.S. economic growth in the second quarter got big support from consumers who are showing their  willingness to spend, backed by the very low unemployment rate thanks to pro-jobs vision under the Trump administration. The U.S. Bureau of Economic Analysis (BEA) on Aug. 29 released data showing consumer spending, which ...

US economy speeds up in Q1, President Trump defies economists again

Business 05/31/19, 07:17

President Donald Trump defied the assessments of mainstream economists again as the U.S. economy accelerated in the first quarter of 2019 despites a bitter trade tension with China. Real gross domestic product increased 3.1 percent on-year in January-March, according to the second estimate of first-quarter GDP released by the U.S. Bureau ...

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