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Tuesday, September 29, 2020
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Martin Crutsinger

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Consumer confidence posts solid gain to 101.8 in September

WASHINGTON (AP) – United States consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that...
THE U.S. BUDGET DEFICIT has reached $3 trillion for the first 11 months of this budget year. /. AP FILE PHOTO/ ANDREW HARNIK

U.S. budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) – The United States budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year,...

U.S. trade deficit surges in July to highest in 12 years

WASHINGTON (AP) – The United States trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by...
U.S. CONSUMER SPENDING increased 1.9% in July, according to The Conference Board. / AP FILE PHOTO/COLLEEN MCGRATH/THE HERALD-MAIL

U.S. consumer spending rose a moderate 1.9% in July

WASHINGTON (AP) – United States consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from...
THE FEDERAL RESERVE announced that it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level. Above, Fed Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN

Fed: Rates to stay ultra-low even after inflation picks up

WASHINGTON (AP) – The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates...
THE CONFERENCE BOARD'S Consumer Confidence Index declined to a reading of 84.8 in August, down from 91.7 one month prior. / AP FILE PHOTO/COLLEEN MCGRATH/THE HERALD MAIL

U.S. consumer confidence falls for second month in August

WASHINGTON (AP) – United States consumer confidence fell for second straight month in August as a resurgence of virus cases in many parts of...

U.S. manufacturing improves in July, outlook clouded by virus

WASHINGTON (AP) – United States manufacturing improved again in July with a key gauge of activity rising further into expansion territory. The Institute for Supply...
U.S. GDP declined at a record 32.9% annual rate in the second quarter. / AP FILE PHOTO/LYNNE SLADKY

U.S. economy shrank at record-breaking 33% rate last quarter

WASHINGTON (AP) – The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter – by far the worst quarterly plunge...
U.S. CONSUMER CONFIDENCE declined in July amid COVID-19 concerns. / AP FILE PHOTO/LYNNE SLADKY

U.S. consumer confidence tumbles in July as COVID-19 spreads

WASHINGTON (AP) – United States consumer confidence tumbled in July to a reading of 92.6 as coronavirus infections spread in many parts of the...
THE U.S. BUDGET deficit hit $864 billion in June. / AP FILE PHOTO/PATRICK SEMANSKY

U.S. budget deficit hits all-time high of $864 billion in June

WASHINGTON (AP) – The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus...

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