Economy
Biden denies recession after GDP decline, but economists say otherwise(The Center Square) – The U.S. economy has shrunk for six consecutive months, according to federal data released Thursday, which led many economists to declare a recession. But the Biden… Read More
Economy
‘Uncharted Territory:’ U.S. debt will nearly double GDP within 30 years, Feds say(The Center Square) – Federal debt will nearly double the nation’s Gross Domestic Product by 2052 if it continues on its current trajectory, the U.S. Congressional Budget Office says in… Read More
Economy
Recession? GDP shows 2nd consecutive quarter of negative growth(The Center Square) – U.S. Gross Domestic Product decreased by 0.9% in the second quarter of 2022, according to new data from Bureau of Economic Analysis, signaling the start of… Read More
Economy
Inflation is hammering rural America, report shows(The Center Square) – A report from Iowa State University shows that rural Americans are feeling the pain of inflation more than the rest of the country. “Rural households… Read More
Economy
Nearly half of small businesses are in hiring freeze, citing inflation and costs(The Center Square) – Nearly half of small business owners are not willing to hire because of labor costs and “skyrocketing inflation,” a newly released small business report shows.The small… Read More
Economy
Chicago residents could see property taxes quadruple last year’s increase(The Center Square) – Chicago property owners could see a massive spike in property taxes in 2023 after Mayor Lori Lightfoot linked property tax rates to inflation. She says her… Read More
Economy
Senator Cruz: High health-care premiums, worker shortage hurting small businesses(The Center Square) – U.S. Sen. Ted Cruz, R-Texas, argued for the need to bring down health-care premiums to help small businesses stay competitive during a Wednesday forum in Washington… Read More
Economy
Economist: 30% chance that U.S. enters a recession within a year’s time(The Center Square) – A Goldman Sachs economist says there is a 30% probability of the U.S. entering a recession within one year and 48% within two years. Goldman Sachs Chief… Read More
Economy
Poll: 3 out of 4 middle class families are falling behind as prices rise(The Center Square) – Three out of four middle class households report falling behind the rising cost of living as inflation continues to soar, according to a new poll.Primerica released… Read More
Economy
Small businesses risk shutting down in droves amid elevated inflation, energy prices(The Center Square) – Nearly half of American small business owners say they are at risk of closing down this fall, according to new survey data.The small business network Alignable… Read More
Economy
Manufacturing leaders: American businesses face major issues due to inflationary pressure(The Center Square) – Several manufacturing and business leaders are concerned about how inflationary pressures are hurting businesses through heightened input and transportation costs. Participants at a round table event on… Read More
Economy
Producer Price Index rises 11.3%, another worrying inflation marker(The Center Square) – Producer prices soared by 11.3% in June over a year ago as consumers continue to struggle with skyrocketing prices for just about everything. The U.S. Bureau… Read More
Economy
States owe nearly a trillion dollars in liabilities on top of unfunded pensions, report shows(The Center Square) – Unfunded state debt for things like retired public employees health care coverage continues to balloon to an unsustainable level, according to a new report. The American… Read More
Economy
U.S. Economy has 11.3 million unfilled jobs(The Center Square) – There are 11.3 million open jobs in the U.S., nearly two jobs for every American seeking work, according to newly released federal data. That rate is… Read More
Economy
The price of beef continues to climb(The Center Square) – The price of food continues to go up and leading the way is the price of beef.According to the American Farm Bureau Federation, the price of… Read More
Economy
Survey: A third of U.S. small businesses can’t pay rent because of inflation(The Center Square) – More than a third of small businesses can’t pay rent, newly released data shows. The small business network Alignable released new survey results that found… Read More
Economy
Price of Independence Day cookout substantially more than last year(The Center Square) – If you plan on holding a July 4 cookout this weekend, expect to pay a lot more than what you paid for last year’s meal. According… Read More
Economy
Poll: 83% of Americans cutting back on personal spending due to inflation(The Center Square) – The vast majority of Americans are cutting back on their spending because of rising inflation, according to new survey data. Provident Bank based in… Read More
Economy
Poll: 88% of small businesses concerned recession is around the corner(The Center Square) – The vast majority of small business owners fear a recession in the coming year, according to a new poll. The Small Business and Entrepreneurship Council released… Read More
Economy
U.S. Treasury Secretary says recession is not inevitable, CEOs say it is on the way(The Center Square) – U.S. Treasury Secretary Janet Yellen says that a recession is not inevitable, comments that have been met with skepticism by business leaders. In an … Read More