Senators on both sides of the aisle touted the benefits of reforming occupational licensing requirements at a Senate Judiciary hearing on Tuesday, saying the requirements kill jobs, increase income inequality, and reduce choice and innovation for consumers.
Economic freedom in the United States declined again in 2016, matching the lowest score it has ever received on the Heritage Foundation’s Index of Economic Freedom.
The U.S economy slowed in the fourth quarter of 2015 as real gross domestic product (GDP) expanded at an annual rate of 0.7 percent, according to the “advance” estimate released by the Bureau of Labor Statistics.
The Dow Jones Industrial Average dropped by more than 500 points on Wednesday, marking the second time the Dow has plummeted this much in less than a week.
Despite increasing federal revenues, debt held by the public is projected to increase 71 percent over the next decade, according to the Congressional Budget Office’s annual economic outlook.
The Dow Jones Industrial Average fell by more than 500 points, falling below 16,000 for the first time since September, Wall Street Journal reported.
A majority of counties in the United States, or 93 percent, have not recovered from the recession that ended six years ago, according to a study the Wall Street Journal reported on Tuesday.
Business investment grew only 2.2 percent from the previous year, representing one of the worst performances seen in the six-year economic expansion, the Wall Street Journal reported.
Job creation from startups has hit a historic low, according to data from the U.S. Census Bureau.
The U.S. economy expanded in the second quarter of 2015 as real gross domestic product (GDP) increased an annual rate of 3.9 percent, according to the “third” estimate released by the Bureau of Economic Analysis (BEA).