US economy

Economists warn recession likely to hit US this year

With inflation hitting US consumers hard and the economy cooling, experts predict recession looming.

Biden administration faces backlash as inflation continues to soar.

Biden administration predicts strong period of growth in 2022 despite continuing inflation.

'Our economy is roaring back,' says Trump, after jobs report shows massive economy growth, following record decline during lockdowns.

Can the US regain its competitive edge against China’s drive for global economic dominance?

Experts fear lack of consumer confidence could slash growth. Shutdown costs $300 million per day.

Obama warns the fragile economy can not afford the blow from huge cuts, warning it threatens the jobs of millions of Americans

Obama warned Republicans against playing a "dangerous game" with the economy in the newest battle over the national debt ceiling.

The White House and top Republicans have struck a deal to avert huge New Year tax hikes and spending cuts known as the "fiscal cliff".

There are still issues left to resolve, but we're hopeful that Congress can get it done," Obama said hours before the deadline.

In his first speech since being re-elected this week, U.S. President Barack Obama claims a mandate to raise taxes on the rich.

Observers in both parties believe that May's disappointing job figures prevent Obama from running on his record. Romney campaign reacts.