U.S. Economy

GDP Report Reveals Ominous Great Depression Warning Sign Not Seen Since 1932

The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.

U.S. Treasury Buys Time for Biden and GOP on Debt Limit Deal

The U.S. government bumped up against its debt limit Thursday, prompting the Treasury Department to take “extraordinary” accounting steps to avoid default — as friction between President Joe Biden and House Republicans raised concern about whether the U.S. can sidestep an economic crisis.

U.S. to Hit $31.4 Trillion Debt Ceiling Next Week, Biden Admin Warns While Pushing Congress to ‘Act Promptly’ to Increase or Suspend Limit

On Friday, Treasury Secretary Janet Yellen wrote a letter to congressional leaders warning that the U.S. would hit its debt limit on January 19 and encouraged Congress to "act promptly to protect the full faith and credit of the United States," CNBC reported.

Erroneous Statistics Favor Democrats, Manipulation Concerns Follow

Discrepancies in federal statistics have led some to speculate that metrics may not be nonpartisan.

More Than 40% of Small Business Owners Give Biden Failing Grade

Job Creators Network’s monthly Small Business IQ poll shows about 43% of small business owners give President Joe Biden an “F” grade on his support for small business.

Biden Admin Quietly Greenlights Plan to Build Huge Gulf Oil Terminal

The Biden administration has quietly approved plans to build a new crude oil terminal in the Gulf of Mexico off Texas, seemingly in contradiction to the president’s past comments on the consumption of fossil fuels and carbon emissions.

President Biden Signs Bill to Block Rail Strike, Says It Avoids ‘Economic Catastrophe’

President Biden signed into law legislation that will block a rail strike amid the holiday season.

Consumer Prices Rose 7.7% In October From a Year Ago, Core Inflation Eases

Consumer prices continued to climb in October as the pace of overall inflation held at the level hit a month earlier and underlying inflation excluding food and fuel slowed.

US Economy Added 261,000 New Jobs in October as Hiring Stays Strong

The U.S. economy added 261,000 new jobs in October, down from the upwardly revised 315,000 in September, according to the Bureau of Labor Statistics...

Fed Hikes Interest Rates 0.75% As It Struggles Against Highest Inflation in Decades

The Federal Reserve launched another sortie against the fastest inflation in four decades on Wednesday, approving the fourth straight supersized rate increase and signaling more increases were likely in the months ahead.

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