Martin Crutsinger
U.S. budget deficit rises to $2.71 trillion through August
WASHINGTON (AP) – The United States budget deficit rose to $2.71 trillion through August, on track to be the second largest in history due...
Social Security and Medicare funds remain under pressure
WASHINGTON (AP) – Social Security and Medicare, the government’s two biggest benefit programs, remain under intense financial pressure with the retirement of millions of...
U.S. consumer confidence falls in August to 6-month low
WASHINGTON (AP) – United States consumer confidence fell in August to the lowest level since February amid rising concerns about the rapidly spreading delta...
Fed’s Powell: There’s no returning to pre-pandemic economy
WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell said Tuesday that the United States economy has been permanently changed by the COVID pandemic and...
More red ink: U.S. budget deficit through July hit $2.54T
WASHINGTON (AP) – The United States budget deficit hit $2.54 trillion for the first 10 months of this budget year, fed by spending to...
U.S. trade deficit hits record $75.7B in June
WASHINGTON (AP) – The United States trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for...
U.S. manufacturing increased in July but at slower pace
WASHINGTON (AP) – Growth in United States manufacturing slowed in July amid ongoing supply-chain problems.
The Institute for Supply Management, a trade group of purchasing...
U.S. economy surpasses pre-pandemic size with 6.5% Q2 growth
WASHINGTON (AP) – Fueled by vaccinations and government aid, the United States economy grew at a solid 6.5% annual rate last quarter in another...
Consumer confidence up in June, highest level since pandemic
WASHINGTON (AP) – United States consumer confidence rose for a fifth month in June to the highest level since the pandemic began last year...
May consumer spending flat; incomes fall and prices jump
WASHINGTON (AP) – Consumer spending was flat in May with incomes dropping for a second month as the impact of the government's pandemic stimulus...
