On Day 36, government shutdown is longest in U.S. history
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It’s unclear when the government will publish the third quarter GDP report, but the latest numbers still suggest that moderate growth prevailed. Read more here.
The large services side of the U.S. economy grew in October at the fastest pace in eight months with the help of lower interest rates, but businesses expressed lingering worries over high tariffs and said the government shutdown could also cause pain if it drags on.
Morgan Stanley's Mike Wilson was a lonely voice on Wall Street calling a "rolling recession" when others saw a boom. Now he sees a "rolling recovery."
On Day 37 of the longest government shutdown in U.S. history, stocks plummeted across the board. Joe Lavorgna, counselor to Treasury Secretary Scott Bessent, joins "The Takeout" to discuss the economic ramifications of the shutdown.
About half of Americans view the large U.S. trade deficit with other countries as an economic emergency, according to a poll released on Tuesday, a day before the Supreme Court is due to consider the legality of sweeping tariffs imposed by President Donald Trump under a law meant for emergencies.
So, some Federal Reserve branches model GDP. The Atlanta Fed estimates the economy grew at a healthy annual rate of 3.9% last quarter; New York has a more modest 2.4%. And the St. Louis Fed: just 0.6%.
Inflation is lower than expected after President Trump’s steep levies.
There’s no official read on how fast the US economy grew last quarter, thanks to the government shutdown. But almost everyone reckons it was a healthy pace — and that’s largely thanks to AI.
It’s been one year since U.S. President Donald Trump’s second election win. CBC’s Mike Crawley breaks down how Trump’s policies have affected the economy since his return to the White House.
This isn’t your parents’ economy. Over the last 35 years, the American workplace — and workforce — have undergone an amazing shift. In 1990 (not that long ago – ask anyone over 50), manufacturing was the largest employment sector in 35 states.