Dan McCue
Last dance before tariff crunch? Christmas sales, 3Q growth drive numbers
The U.S. economy expanded by a solid 3.5 percent annual rate in the third quarter as businesses stepped up their purchasing ahead of a sharp jump in tariffs on Chinese imports scheduled to go into effect on January 1.
Consumer confidence slips in November after hitting 18-year high
Consumer confidence slipped in November as expectations of softening economic growth next year began to take hold, the Conference Board said Tuesday.
Democrats recapture U.S. House, but won’t take back Senate
Democrats on Tuesday night captured the House majority in a rebuke of President Donald Trump, ending eight years of Republican control of the chamber. The Republicans, meanwhile, have retained control of the Senate and are likely to gain seats.
Midterm seen as referendum on Trump as voters surge to polls across U.S.
All across America voters surged to polls Tuesday to support their choice for the U.S. House, U.S. Senate, governorships, and scores of other state offices and initiatives, often overwhelming their precincts and poll watchers.
U.S. economy grew at 4.2 percent annual rate in second quarter
The U.S. economy grew at a strong 4.2 percent annual rate in the second quarter, the best showing in nearly four years, the Commerce Department said Wednesday.
Ag Department to send $12B bailout to farmers hurt by Trump’s tariffs
The Agriculture Department is announcing a $12 billion “short-term” plan to help U.S. farmers hurt by retaliatory tariffs. Agriculture Secretary Sonny Perdue says the plan will help a broad number of farmers deal with the cost of “disruptive markets” as U.S. trading partners have retaliated for President Do
National existing home sales decreased for third straight month in June
Existing-home sales decreased for the third straight month in June, as declines in the South and West exceeded sales gains in the Northeast and Midwest, the National Association of Realtors said Monday.
Robust retail sales suggest economy suggest economy enjoying strong second quarter
Retail sales rose sharply in June, led by a surge in consumer spending on motor vehicles, building materials and food services, the Commerce Department said Monday. Sales increased 0.5 percent in June, while previously reported data for May was revised to show sales jump 1.3 percent that month.
Pruitt resigns as head of EPA; former coal industry lobbyist named acting administrator
Environmental Protection Agency Administrator Scott Pruitt resigned Thursday, ending a tenure dogged by unrelenting controversies overhis spending, ethics and management at the agency. In a tweet, President Donald Trump said, “I have accepted the resignation of Scott Pruitt as the Administrator of the Environmental Protection Agency. Within the Agency Scott has done an outstanding job, and I will always be thankful to him for this.”
Consumer spending rises in March; income up .3 percent
Consumers resumed spending in March following two months of sluggishness, while their incomes continued to grow, the Commerce Department said Monday.