The national debt is the sum total of all the money the United States government has borrowed but not yet repaid. The current national debt is $36.2 trillion, according to the U.S. Treasury Department. The figure represents how much the U.S. owes its creditors, which include the American...
What does GDP measure? What does GDP do? What is the current GDP growth rate? A) What does the level of a nation's GDP measure? B) What does the growth rate of GDP measure? C) Would you rather live in a nation with a high level of GDP and a low growth rate or in a nation...
Part of the good news about a soft landing is that inflation is projected to continue cooling from its current level of 3.1%. And that could help consumers increase their standard of living, given that employers say they'll boostwages by 4%next year. The Fed, for its part, is forecasting...
This article uses Bi-directional Reiterative Truncated Projected Least Squares (BD-RTPLS) to estimate annual dGDP/dG (GDP, Gross Domestic Product and G, government spending) multipliers for the USA between 1930 and 2008. The analysis is redone with quarterly data from 1947 to 2008. To account...
Current Account Balance: The current account balance is a measure of the transactions of an economy with the rest of the world. An economy's current account balance is the sum of its net transfer payments, net income from fo...
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Twitter...
“Reaganomics” is widely celebrated as a golden age for the American economy, but the numbers tell a different story. GDP growth during Reagan’s presidency averaged just 1.9%—an improvement from the early 1980s recessions but well below the 2.6% pre-recession average (F...
A fourth phase, digital money, is on the horizon. This includes private digital assets (e.g. bitcoin and stablecoins) and public digital currencies (e.g. central bank digital currencies) that can change how we do banking, and what economic tools policymakers have in terms of fiscal and mon...
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Turning Point USA founder Charlie Kirk made his pitch to Gen Z. And Gov. Glenn Youngkin appealed to the business world with Trump’s economic agenda — and even predicted Virginia would go red. “The President got hit, went down on his own and he came up,” said Rep. Dan Meuser (R...