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Martin Crutsinger

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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...
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