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Democrats and Republicans in the U.S. Senate failed to reach an agreement on a stopgap budget bill Friday and it could cost the economy billions. The last time the government shutdown in 2013 for 16 days the U.S. economy took a $24 billion hit, according to Standard & Poor's analysis. This year's ...
workers work at a car general assembly line in Cangzhou, north China's Hebei Province, Sept. 12, 2017. China's economy grew 6.9 percent year on year in 2017, well above the official target of around 6.5 percent, data from the National Bureau of Statistics (NBS) showed Thursday. Gross domestic product ...

women around the country and the world are taking to the streets for women's marches, one year after millions marched to protest Trump's inauguration. There president's reaction: Beautiful weather all over our great country, a perfect day for all Women to March. Get out there now to celebrate the historic ...
Economists and investment advisers interviewed by The Associated Press generally didn't foresee the shutdown that began Saturday lasting long enough to stifle the economy much. With pivotal elections in November, both parties would want to shield voters from any pain. investors and consumers are ...
This June 27, 2017, file photo shows an oil rig at sunset in Midland, Texas. President Donald Trump relentlessly congratulates himself for the healthy state of the U.S. economy, with its steady growth, low unemployment, busier factories and confident consumers. But in the year since Trump's inauguration, ...
That partial stop costs the economy productive work time, historical evidence suggests, along with revenue that the federal government collects from daily fees at parks and museums. Private-sector companies that contract with the government have their work temporarily disrupted, and travel spending is ...
The study also argues the estimated impact is conservative because, despite the significant economic contribution of six natural resource-based sectors -- fishing, hunting and wildlife viewing, coastal tourism, commercial fisheries, boat industry, mining and forestry -- on the South Carolina economy, the ...
Donald Trump's approval rating remains at historically low levels, a CBS News poll released Thursday shows, but respondents were also encouraged about the state of the U.S. economy and gave the president at least some of the credit for its recent strength. Of those polled, 37 percent said they approve of ...
Business Insider recently spoke with Jim McCaughan, CEO of Principal Global investors, a fund manager with $445 billion in assets. McCaughan thinks the economy is growing faster than GDP numbers suggest, because of the improvement in technology and quality of goods and services. "I think we're ...
Editor's note: NewsHour economics correspondent Paul Solman recently spoke with Rhonda Sharpe, the president of the National Economics Association, for a story on the economy under President Donald Trump. Sharpe, who is black, also touched on the intersection of race, conservatism and economics ...
unemployment is down, the GDP is growing at over 3 percent, the stock market hits record highs nearly every day and President Trump says it's a function of his policies. Does he deserve the credit? economics correspondent Paul Solman reports.
A major component of the shift to a cleaner economy is China's determination to free itself from any reliance upon carbon imports. This has potentially major implications for the Australian economy, which has done so well over the past few decades largely because of its commodity exports to China.
Although most Economists forecast smooth sailing for 2018, many are saying another downturn looms on the horizon. The only question is the cause -- and whether it will feel like we've hit some mild headwinds, or we've run full-steam into a glacier. "Keeping the economy on a sustainable path may ...
I don't know what to wear on Crunch Report (It's a hard decision and I suck at dressing myself). If you are a startup and want to me to wear something mail me an XL T-shirt and I'll wear it in an episode. I'm not going to mention the company on the shirt in the episode but it will be there. No offensive stuff, it's ...
Apple has announced that it will be contributing $350 billion into the US economy over the next five years, combining both new investments and its existing spending with domestic companies for supply and manufacturing. According to the company's press release, the investments will concentrate on three ...
The current economy has created a "state of suffocation" among Tunisians, said Ahmed Ben Ammar, a human rights activist and civil society organiser in Tunis. Ben Ammar told Al Jazeera people are frustrated because they feel like they are shouldering the financial burden, especially through an increase ...

The U.S. economy and inflation expanded at a modest-to-moderate pace from late November through the end of 2017, while wages continued to push higher, the Federal Reserve said on Wednesday. "Most districts said that wages increased at a modest pace," the U.S. central bank said in its periodic ...
China's economy grew by 6.9% in 2017 according to official data - the first time in seven years the pace of growth has picked up. The figure beats Beijing's official annual expansion target of about 6.5%. China is a key driver of the global economy and so the better-than-expected data is likely to cheer ...
In the New Competitive economy, where the role of the universities as the drivers of Innovation and Creativity in industry is becoming more and more important, Europe has a new challenge - to redefine its value chaine, to integrate the global networks with new ideas, new solutions and new proposals of ...
There's good news and bad news for Republicans in recent polls. GOP candidates heading into the 2018 midterms have to be gratified by one aspect of the latest polling. The new CBSNews/YouGov.com Nation Tracker finds that by a two-to-one margin (48-22 percent) Americans believe the country is ...
I wasn't blogging at the time, so you'll have to take my word for it, but I saw the housing bubble coming. Don't give me any credit though, I owe it all to simply reading Calculated Risk. But I do admit that even though I saw a housing crash and a recession coming, I "missed the Great Recession" in the ...
"We think presently the U.S. economy is one of the very positive spots on the planet, and this is something that the industry likes and this is something the industry would like to sustain," Ghosn told Trish Regan on "Sunday Morning Futures," regarding the Trump Administration's potential infrastructure deal in ...
What Egypt needs to do to keep the money flowing to its economy ahead of March's election. Egypt is coasting on a wave of foreign ... foreign investors demanding higher returns on its debt. Separately, the country is awash in a $12 billion IMF funding program that should help further stabilize the economy.
Trump has frequently touted the economy's performance under his administration, often tweeting out reports of the stock market hitting new highs. the White House has also balked at suggestions that former President Obama is responsible for the current state of the economy. A recent Quinnipiac poll ...
"We've got a chance to play and lead in these growing areas," said John Austin of The Michigan Economic Center, an independent policy and action organization for the state, focusing on its economy. Austin is its director and former chair of the Michigan Board of education. An Ann Arbor resident, Austin ...
Here in the UK the FTSE 100 index is greatly determined by what goes on in the world economy, for it is essentially a sterling-denominated bet on large global businesses. UK economic policy is a bit of a side issue. If, however, you want a proxy on how well or how badly negotiations with Europe are going ...
Who deserves credit for the booming economy? This is not a petty argument. How voters answer the question could well determine whether Democrats retake the House of Representatives come November. Trump and Obama (and their admirers) are slugging it out, both claiming that it is their policies that ...
What he's saying is that if and when the tax plan creates that new growth, the Fed will raise interest rates, which they took down to near-zero in the Great Recession to boost the economy. Since then, central bankers have slowly inched that rate upward, though it's still well below where it was pre-recession.
Is it really the economy? Halting TPS could make the labor market worse for American citizens, not better. Research suggests that taking away legal status from immigrants may draw more people into under-the-table work, which could create even more pressure on wages at the bottom of the labor market, ...
"There's a lot of enthusiasm in markets, but the thing that worries me the most is that people don't seem to be worried," says professor Randy Kroszner. Some Economists think the economy is at or near full employment and worry about a possibility of overheating growth. Dallas Fed President Robert Kaplan ...
The Trump economy may be doing something not seen since 2005 --growth at a 3 percent or better pace for three quarters in a row. Economists were ratcheting up fourth quarter growth to 3 percent or better after strong fourth quarter retail sales and strong revisions to prior months. The question is whether ...
This is crucial not just to understanding the causes of the opioid epidemic, but also the solutions. If the economy isn't to blame for the crisis, then a better economy won't fix what currently ails us. So what will?
... the company is also creating a massive ecosystem catered specifically to Tesla, capable of supporting its expanding operations in electric vehicle production, energy generation and storage, software development, as well as other solutions and services emblematic of the "Tesla economy". Tesla recently ...
Owen Breyley (left), 18, comforts his dog Sniffy as Dr. Stephen Faust (right) and veterinary technician Debby Davis remove Sniffy's stitches at Sharon Center Veterinary hospital. A new study says veterinary medicine contributes $13 billion a year to the state economy. (Leah Klafczynski/Beacon ...
"I think the biggest thing we have going in our favor in 2018 is a strong economy with a lot of optimism," Delta CEO Ed Bastian said on an earnings call Thursday. He admitted, however, that fuel "is a little bit of a wild card." The U.S. economy grew 3.2 percent in the third quarter, the biggest increase for the ...
The area was ranked the strongest economy -- which the group defines as "the long-term tendency for an area to consistently grow in both size and quality" -- in a Micropolitan Statistical Area ahead of Lewisburg, Pennsylvania; Truckee-Grass Valley, California; Traverse City, Michigan; and Wooster, Ohio.
New York Federal Reserve President William Dudley is worried new tax cuts could risk overheating the U.S. economy in the next few years. Economic prospects in 2018 are looking "reasonably bright," Dudley said in a speech to the Securities and financial markets Association on Thursday. He expects ...
Another data point in the poll sheds some light on how Americans view the economy. A larger percentage of voters -- 49 percent -- say they think Trump's predecessor President Barack Obama is more responsible for the current state of the economy, the poll shows. Forty percent say Trump has more to do ...
January is my busiest month of the year for making public presentations. People want to know what the economy will be like in the year ahead. For businesses, economic forecasts are important for production and hiring plans. government officials want to know what the economy will mean for their tax ...
The World Bank's assessment of the global economy starts off well. We're in the midst of a "broad-based cyclical upturn," which is expected to last several years. Annual global GDP growth is forecast to rise to 3.1% this year and stay at this level or just below until 2020. And it notes that, for the first time since ...
Loree called transportation "the backbone of the economy," and said the commission viewed the near-depleted fund, plundered over the years for stopgap projects, as a priority. Sullivan, who said he doesn't "have a clue why we don't have tolls," suggested toll revenues could go directly into a transportation ...
Economic corruption, while widespread, is not the only challenge to Iran's economy. The misappropriation of funds is another. Since the 1979 Islamic Revolution led by Khamenei's predecessor Ayatollah Ruhollah Khomeini that overthrew the Pahlavi monarchy, the new Islamic Republic has sought to ...
El Paso's economy is expected to chug along in 2018 at a slightly slower pace than in 2017, and slower than growth projections for the United States economy, according to University of Texas at El Paso Economists. El Paso's job growth is expected to continue at a healthy, but slightly slower rate in 2018, ...
The state's economy is forecast to grow 3 percent this year, accelerating from 2.5 percent in 2017, and add some 366,000 jobs, up from an estimated 306,000 jobs in 2017, according to the Dallas Fed. In Houston, economic growth also is expected to accelerate, with the metropolitan area projected to add ...
For a governor whose main campaign issue was job creation, Scott's timing was nearly impeccable. Elected as part of the anti-Obama Tea Party wave of 2010, he took office just as Florida's economy hit bottom. Since then, Florida's employment has grown 20.3 percent, compared to the nation's 12.5 percent ...
WASHINGTON -- In the wake of a deep economic crisis and a disappointingly slow recovery, a growing number of experts, including some Federal Reserve officials, say it is time for the Fed to consider a new approach to managing the economy. Since the mid-1990s, the Fed has focused on keeping ...
The economy of the eurozone may have enjoyed faster growth than the United States in 2017, confidence is the highest it has been in decades and ... According to preliminary data from capital economics, the region's economy grew by 2.4% last year, which is faster than the 2.3% the research firm expects ...
With tax cuts now a done deal, Republicans are turning to regulatory reform to give economic growth a further boost. There, they may find more bipartisan support. Past reforms of airlines, rail, and trucking regulation were, after all, set in motion by Democrats. Today there is significant Democratic support for ...
Despite IHS reports of West Texas shale's economic viability, I am very skeptical of the capacity for additional production out of Texas unless we get higher oil prices, mainly due to the cost of rising land. Land prices now are many multiples what they were a few years ago when oil prices were double today's ...


 

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