Billionaire hedge fund co-owner Marc Lasry, a mega-donor to President Obama and the Clinton Foundation, says that the “economy is fine” after the Dow Jones industrial average tumbled 1,000 points in the first minutes of trading on Monday.
Leading economists are anticipating sluggish economic growth, weak wage gains and slowing hiring rates for the next two years.
The U.S. economy grew in the second quarter of 2015 as real gross domestic product (GDP) increased at an annual rate of 2.3 percent, according to Bureau of Economic Analysis (BEA) data released Thursday.
Under a landmark nuclear deal reached on Tuesday, Iranian oil companies will have greater access to world markets than their American competitors.
President Barack Obama said last month that some of the effects of climate change could cost the United States $200 billion by the end of the century, but the U.S. economy shrank by a comparable amount in just the past year, a Washington Free Beacon analysis found.
Food banks across the country are reporting shortages as the holidays approach and the underemployed and the long-term unemployed are utilizing them to stave off hunger.