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US economy

News and updates about US economy

US inflation

Economists warn recession likely to hit US this year

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

Economists warn recession likely to hit US this year

US inflation hit 40-year high in May

Biden administration faces backlash as inflation continues to soar.

US inflation hit 40-year high in May

White House: 2022 will see strong growth despite inflation

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

White House: 2022 will see strong growth despite inflation

US adds 4.8 million new jobs, unemployment rate falls to 11%

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

US adds 4.8 million new jobs, unemployment rate falls to 11%

US vs. China:The fight for the economy after COVID-19

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

US vs. China:The fight for the economy after COVID-19

Shutdown Threatens US Economy

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

Shutdown Threatens US Economy

Obama Warns Fragile Economy Can't Afford Budget Cuts

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

Obama Warns Fragile Economy Can't Afford Budget Cuts

Obama Warns Against 'Dangerous Game' Over Fiscal Cliff

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

Obama Warns Against 'Dangerous Game' Over Fiscal Cliff

U.S.: Deal Reached to Avert 'Fiscal Cliff'

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".

U.S.: Deal Reached to Avert 'Fiscal Cliff'

Obama: Hours Before Deadline, Fiscal Cliff Deal In Sight

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

Obama: Hours Before Deadline, Fiscal Cliff Deal In Sight

Obama in First Post-Election Speech: Tax Must Rise for the Rich

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

Obama in First Post-Election Speech: Tax Must Rise for the Rich

Romney Pounces On Job Figures

Disappointing Job Totals May Force Obama Into Negative Campaign

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

Disappointing Job Totals May Force Obama Into Negative Campaign