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Economic Reports GDP

  • NEW YORK, March 30- Equities in world markets edged higher on Thursday, led by gains on Wall Street after an upward revision to U.S. economic growth, while U.S. crude oil rose to trade above $50 per barrel for the first time in three weeks. The euro slipped after data showed easing inflation in Spain and Germany, pushing back bets on tighter policy from the European...

  • NEW YORK, March 30- Financial shares led Wall Street higher on Thursday after data showed U.S. economic growth was stronger than previously reported last quarter, helped by robust consumer spending. The Dow Jones Industrial Average rose 69.17 points, or 0.33 percent, to 20,728.49, the S&P 500 gained 6.93 points, or 0.29 percent, to 2,368.06 and the Nasdaq Composite...

  • NEW YORK, March 30- Equities in key world markets edged higher on Thursday, led by gains on Wall Street after an upward revision to U.S. economic growth data, while U.S. crude rose to trade above $50 per barrel for the first time in three weeks. The euro slipped after data showed easing inflation in Spain and Germany, paring back bets on tighter policy from the European...

  • WASHINGTON, March 30- U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years. Gross domestic product increased at a 2.1 percent annualized rate instead of the previously reported 1.9 percent pace, the Commerce Department...

  • NEW YORK, March 30- Equities in key world markets edged higher on Thursday, supported by an advance in U.S. crude to trade above $50 per barrel for the first time in three weeks, while stocks on Wall Street also got a lift from growth data. The euro slipped after data showed easing inflation in Spain and Germany, paring back bets on tighter policy from the European...

  • March 30- U.S. stocks were higher in morning trading on Thursday as bank stocks gained after data showed that the domestic economy grew at a faster pace in the fourth-quarter than previously estimated. Gross domestic product increased 2.1 percent, compared with the previously reported 1.9 percent, the Commerce Department said. The market has been range bound...

  • WASHINGTON, March 30- U.S. debt held by the public will balloon to 150 percent of economic output by 2047 unless tax and spending laws are changed, the Congressional Budget Office said on Thursday, far exceeding the record level just after World War II. The new projections show steeper 30- year debt growth than last year's long-term forecast by the non-partisan...

  • Debt and deficits set to spiral

    The Congressional Budget Office warns that debt and deficits are going to explode in the next 30 years.

  • The latest information on U.S. debt and fiscal crisis triggers including social security and medicare.

  • PUBLIC DEBT TO REACH 150 PCT OF GDP BY 2047 UNDER CURRENT LAW VS 77 PCT CURRENTLY, 89 PCT BY 2027.

  • ANNUAL BUDGET DEFICITS TO AVERAGE 8.6 PCT OF GDP FROM 2038-2047 UNDER CURRENT LAW VS 2.9 PCT FOR 2017.

  • WASHINGTON, March 30- U.S. debt held by the public will balloon to 150 percent of economic output by 2047 unless tax and spending laws are changed, the Congressional Budget Office said on Thursday, far exceeding the record level just after World War II. The new projections show steeper 30- year debt growth than last year's long-term forecast by the non-partisan...

  • March 30- U.S. stocks were little changed on Thursday as the upwardly revised fourth-quarter GDP growth rate underscored strength in the domestic economy, while investors looked ahead to the start of first-quarter earnings season. Gross domestic product increased 2.1 percent, compared with the previously reported 1.9 percent, the Commerce Department said.

  • March 30- Wall Street opened little changed on Thursday as the upwardly revised fourth-quarter GDP growth rate underscored strength in the domestic economy. The Dow Jones Industrial Average fell 0.5 points, or 0 percent, to 20,658.82. The S&P 500 lost 0.46 points, or 0.01 percent, to 2,360.67.

  • WASHINGTON, March 30- U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending spurred the largest increase in imports in two years. Gross domestic product increased at a 2.1 percent annualized rate instead of the previously reported 1.9 percent pace, the Commerce Department said on Thursday in its third GDP...

  • March 30- U.S. stock futures pared losses, setting up Wall Street to open little changed on Thursday as the upwardly revised fourth-quarter GDP growth rate underscored strength in the domestic economy. Gross domestic product increased 2.1 percent, compared with the previously reported 1.9 percent, the Commerce Department said. Investors have been assessing...

  • Larry Summers

    Larry Summers, former Treasury secretary and Harvard University president emeritus, discusses economic and market sentiment.

  • WASHINGTON— The U.S. economy grew at a slightly faster rate in the fourth quarter than earlier estimates, as consumers ramped up spending that's expected fuel growth throughout 2017.. The gross domestic product, the economy's total output of goods and services, expanded at an annual rate of 2.1 percent in the October-December period, the Commerce Department...

  • Larry Summers: No data suggesting we're moving toward 3-4% growth

    Larry Summers, former Treasury secretary and Harvard University president emeritus, discusses economic and market sentiment.

  • March 30- U.S. stock index futures were slightly lower on Thursday as investors awaited key economic data, including a final reading on fourth-quarter GDP numbers, and speeches by a host of Federal Reserve officials. *Investors have been assessing what the Republicans' failure to pass a healthcare bill means for tax reform and the rest of President Donald...