Close Topic Options

US Economy - Page 27

Negotiators on House and Senate spending panels agreed to $1.1 trillion government funding bill, they announced Tuesday, just two days before federal agencies are due to run out of money.

As part of the spending bill Democrats and Republicans have also agreed to attach policy provisions on a range of issues -- including measures to roll back environmental regulations, rules for possession of marijuana in the District of Columbia, and changes to financial regulations for banks."

"This bill fulfills our constitutional duty to fund the government, preventing damage from shutdown politics that are bad for the economy, cost jobs and hurt middle class families," Said Maryland Sen. Barbara Mikulski, a Democrat, and Kentucky Rep. Hal Rogers, a Republican, in a joint statement. Ref. CNN

Economy US

Republican leaders and the White House gathered just enough Democratic votes to pass the measure over the objections of Minority Leader Nancy Pelosi, D-Calif. The spending package includes 11 of the 12 annual spending bills to fund the government through Sept. 30, and one short-term funding bill for the Department of Homeland Security through February. The package now heads to the Senate for a vote. The current stopgap funding bill runs out at midnight, so Congress is on track to approve another stopgap measure to give lawmakers more time to get the bill to President Obama. Ref. USAToday

US Economy History & Civil Business Politics

Quarterly economic growth revised to 5.0% -- fastest pace in 11 years. U.S. Economy in the third quarter grew at its strongest since 2003, Commerce Department says. Ref. USAToday

Page 27 Economy US

US retail sales weak, cast a cloud on consumer spending:

December's surprise decline could temper expectations that consumer spending, which accounts for more than two-thirds of U.S. Economic activity, accelerated sharply in the fourth quarter. Ref. Source 2

Economy US

A wide range of companies such as big-machinery maker Caterpillar and consumer products giant Procter & Gamble slashed their sales and profit forecasts for 2015, moves that signaled the weak global economy and strong dollar could dent U.S. Growth and profits this year. Ref. USAToday

US Economy

The U.S. Economy grew 2.6% in the final three months of 2014, slower than had been forecast.

During the previous quarter, GDP growth was 5%, the highest mark in over a decade. Ref. CNN

US Economy - Page 27

US Economy grows, incomes shrink : Americans continue to lose money

The first data on 2013 incomes show continuing bad news for Americans, my analysis of a new Internal Revenue Service report shows. Average income fell 2.6 percent in 2013, even though the economy grew 3.2 percent in real terms over 2012. Ref. Source 9

US Economy Politics Business Civil & History - Page 27

In a setback, the U.S. Economy gained 126,000 jobs last month, much worse than expected.

Overall, the American economy has taken some hits this year due to a harsh winter and sluggish growth in other parts of the world. But most expect it to snap back and, over the past year, job creation has been strong.

The Labor Department also reported that the unemployment rate remained the same at 5.5% in March. Ref. CNN