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Tag: Economy

Dems’ $3.5 Trillion Spending Bill ‘Existential Threat’ to Economy

Estimated Reading Time: 3 minutes One of the nation’s leading economic and business groups is warning that the $3.5 trillion spending bill before Congress is an “existential threat” to the nation’s economy. The U.S. Chamber of Commerce has launched a six-figure television ad campaign targeting the proposed tax hikes in the measure that would be […]

IMF lowers outlook for US economy while warning of slower disinflation

The International Monetary Fund on Tuesday lowered its forecast for the U.S. economy in 2024 by 0.1 percentage point, putting annual growth at 2.6 percent. The firm maintained its forecast for global economic growth this year at 3.2% and raised its forecast for 2025 to 3.3% from 3.2% predicted in April. The international financial institution […]

China’s economy growing slower than expected as leaders meet for third plenum | China

China’s economy slowed more than expected in the fourth quarter, raising the possibility that a meeting of senior government officials in Beijing this week will announce efforts to reignite growth. China, the world’s second-largest economy, expanded 4.7% year-on-year in the April-June period. Office for National Statistics The results, released on Monday, were lower than the […]

China’s Economy Is Collapsing. Here’s Why You Should Worry

Estimated Reading Time: 3 minutes Chinese ruler Xi Jinping has staked his rule on making China larger, by annexing neighbors. Taiwan is not his only target. He needs success to assure a precedent-breaking third term as the Communist Party’s general secretary, but the Chinese people, preoccupied by a failing economy, are in no mood for […]

Inflation Falls Below Expectations As Economy Cools

Rising prices continue to weigh on the finances of the average American, with inflation falling slightly in June compared to a year ago, according to the latest data released by the Bureau of Labor Statistics (BLS) on Wednesday. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI), a broad gauge of the […]

UK economy returned to growth in May | Office for National Statistics

The UK economy returned to growth in May after a slowing April, resuming its recovery from last year’s recession. Britain’s gross domestic product (GDP) grew 0.4% month-on-month, after registering zero growth in April when wet weather hit consumer spending, according to figures from the Office for National Statistics (ONS). City economists had expected growth of […]

Biden’s cruel economy – Washington Examiner

Economist Milton Friedman defined inflation as “too much money chasing after too few goods.” He could have just as easily described President Joe Biden’s economic agenda.   For almost four years, Biden’s policies have flooded the marketplace with federal stimulus while squeezing the supply of goods and services through higher taxes and regulations. The result has […]

American natural gas is a win for climate, economy, and security

In a win for both American energy and climate policy, a federal court this week blocked the Biden administration’s pause on new permits for liquefied natural gas exports. It’s clear that unleashing cleaner, abundant energy, produced in the United States, will support global emissions reduction efforts while increasing energy security for us and our allies.  Reversing President […]

Inflation, Economy, Immigration Most Important Issue for PA Voters

Inflation, the economy and immigration — all former President Donald Trump’s special interests — are the issues most important to voters in the key battleground state of Pennsylvania, a recent Signal poll found. investigation saw When looking at the priorities of Pennsylvania voters, inflation and the economy topped the list, with 26% overall identifying this […]