Economy

Authoritarians Drunk on Power: It Is Time to Recalibrate the Government

It is time to recalibrate the government.

U.S. economy grew at a 6.5% rate last quarter, missing expectations

The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday — slower than the 8.4% economists expected.

Trump: ‘Loser’ Infrastructure Bill Makes GOP ‘Look Weak, Foolish, and Dumb’

President Trump released a statement on Wednesday criticizing the $1.2 trillion infrastructure bill set to be voted on in the U.S. Senate.

GOP Rep. Ted Budd pushes bill for White House staff to take a course on inflation

member of President Biden‘s staff to take a financial literacy course on inflation before the White House could receive further funding.

Dem-sponsored changes to death taxes could cost almost 1M US jobs, study finds

Republicans and Democrats are at odds over ending the stepped-up basis provision.

World Investors Pouring Record $900 Billion into U.S. Funds

Global money managers funneled nearly $1 trillion into U.S. financial assets in the first half, signaling the American economy is primed to dominate post-COVID markets.

What China Hides About Its Economy

Unreliable statistics, mounting debt, and nonperforming loans are just a few underlying characteristics of China’s economy.

OPEC disagreement lays bare growing UAE-Saudi economic rivalry

Rare public disagreement between the United Arab Emirates and Saudi Arabia over OPEC policy points to a growing economic rivalry between the two largest Arab economies which only looks set to intensify, several regional analysts said.

U.S. Economy Adds 559,000 Jobs in May, Unemployment Rate Drops to 5.8%

The U.S. economy added 559,000 jobs in May and the unemployment rate dropped to 5.8 percent, the Labor Department said in its monthly labor assessment Friday.

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