Tag: economy
WASHINGTON Puerto Rico has a bigger economy than some states, but how big and how badly it was undercut by Hurricane Maria is not clear because the island is the only U.S. territory whose economic…
WASHINGTON Bill Gates is concerned about the high budget deficits being run by the U.S., and said if taxes are ultimately increased to make up the shortfall, then its appropriate for wealthy people to…
Former Federal Reserve chairman Ben Bernanke compared the national economy to a Looney Tunes character: magically floating in the air for a moment after running off a cliff before inevitably plummeting in 2020. About half…
LONDON (AP) Britains economy slowed last year to its weakest growth rate since the global financial crisis as mounting uncertainty over Brexit weighed on businesses and kept a lid on their investments, official figures…
WASHINGTON (AP) With shutdown negotiations deadlocked, the White House planned further meetings with rank-and-file lawmakers today, as the Trump administration acknowledged the prolonged standoff over his border wall funding demands is having a greater…
The government shutdown has entered its third week. Besides the 800,000 government workers who have lost their paychecks and are now living on their savings or finding other ways to make ends meet, there is…
WASHINGTON (AP) U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and…
WASHINGTON (AP) The Federal Reserve raised its key interest rate Wednesday for the fourth time this year to reflect the U.S. economys continued strength but signaled that it expects to slow its rate hikes…
WASHINGTON One day the Dow Jones industrial average drops 500 points, then it shoots up 600 points and a few days later it plummets 800 points 799 to be exact Tuesday. What in…
With another 2 percent or so decline on Tuesday, U.S. stock indices have given up their gains for the year. The rout that started in tech stocks has moved to oil shares amid worries about…
