The U.S. economy slowed in the first quarter of 2016 as real gross domestic product expanded at an annual rate of 0.5 percent, according to the advance estimate released by the Bureau of Economic Analysis.
Hillary Clinton Wednesday backed a plan from Philadelphia’s mayor to place a tax on soda intended to fund universal preschool in the city.
Federal Reserve official William Dudley said America is no longer the top country for achieving the American Dream in remarks on economic opportunity and income mobility at a conference in New York on Monday.
An auditor for the Government Accountability Office told lawmakers on Wednesday that in the next few years the federal government will owe more than our entire economy produces.
There were 93,482,000 Americans not participating in the labor force in March, a decline of 206,000 individuals from the previous month, according to data from the Bureau of Labor Statistics released Friday. Those not in the labor force represent individuals who do not have a job and did not actively seek one in the past four weeks.
The U.S economy slowed in the fourth quarter of 2015 as real gross domestic product expanded at an annual rate of 1.4 percent, according to the third estimate released by the Bureau of Economic Analysis.
Presidential candidate Donald Trump has proposed imposing large tariffs on imported goods from China and Mexico, a move that could cost consumers $250 billion per year, according to a report from the American Action Forum, a nonprofit group.
WASHINGTON (Reuters) – U.S. home resales fell sharply in February in a potentially troubling sign for America’s economy which has otherwise looked resilient to the global economic slowdown.