News
U.S. Economy Roars Ahead With 4.3% Growth, Defying Inflation And Labor Headwinds
2+ hour, 48+ min ago (187+ words) (Worthy News) " The U.S. economy grew at a robust 4.3% annual rate in the third quarter, marking its fastest expansion in two years, according to new data released Tuesday by the U.S. Commerce Department. Gross domestic product surged well above economists" expectations of…...
Watchdog Warns Of National Debt Interest Payments Hitting $1 Trillion
2+ day, 2+ hour ago (592+ words) By Th'r'se Boudreaux | The Center Square (Worthy News) " Budget watchdogs are sounding the alarm as the U.S. hit an unfortunate fiscal milestone in fiscal year 2025: government spending on debt interest payments alone topped $1 trillion this year. The federal government added roughly…...
Inflation Cools More Than Expected, Offering Encouraging Economic Signs
5+ day, 9+ hour ago (440+ words) U.S. inflation cooled more than expected in November, delivering encouraging news for American consumers and reinforcing confidence in financial markets. A delayed Labor Department report showed the Consumer Price Index rose 2.7% from a year earlier'down from 3% in September and below economists…...
Federal Reserve Delivers Third Consecutive Rate Cut Amid Deep Internal Divisions
1+ week, 6+ day ago (573+ words) The Federal Open Market Committee's quarter-point reduction follows months of weakening job gains and a rise in unemployment to 4.4%, prompting Chair Jerome Powell to argue that the risks to employment now outweigh the risks of inflation. "This was a close…...
State Officials Urge Trump, Congress To Address National Debt
1+ mon, 1+ hour ago (609+ words) By Brett Rowland | The Center Square (Worthy News) " Indiana Gov. Mike Braun and a coalition of state financial officers and lawmakers are urging Congress and President Donald Trump to address the national debt crisis before the nation's 250th birthday. The group…...
Federal Reserve Cuts Key Interest Rate For Second Time This Year
1+ mon, 3+ week ago (465+ words) By Brett Rowland | The Center Square (Worthy News) " The Federal Reserve cut interest rates by a quarter-point on Wednesday for the second time this year, not nearly as much as President Donald Trump wants the central bank to reduce rates....
U.S. National Debt Tops $38 Trillion For First Time Amid Mounting Fiscal Warnings
2+ mon, 7+ hour ago (597+ words) (Worthy News) " The U.S. national debt has surpassed $38 trillion for the first time in history, according to new Treasury Department data released Wednesday " marking another alarming milestone in the government's rapidly escalating borrowing spree. As of October 21, the gross national debt…...
IMF Raises Middle East Growth Forecast But Warns Of Global Risks After Trump’ Peace Efforts
2+ mon, 1+ day ago (204+ words) DUBAI/JERUSALEM (Worthy News) " Days after U.S. President Donald J. Trump oversaw renewed peace efforts in Israel and predicted a "new dawn" for the Middle East, the International Monetary Fund (IMF) raised its 2025 economic growth forecast for the region but cautioned that…...
U.S. Economy Surges In Second Quarter, Beating Expectations
2+ mon, 4+ week ago (586+ words) WASHINGTON (Worthy News) = "The U.S. economy grew at a faster pace than expected in the second quarter, fueled by stronger consumer spending and a steep drop in imports, according to the Commerce Department's Bureau of Economic Analysis (BEA). Gross domestic product…...
Fed Cuts Rates For First Time This Year, Signals More To Come
3+ mon, 6+ day ago (515+ words) (Worthy News) " The Federal Reserve on Wednesday lowered interest rates for the first time in nine months, citing signs of a cooling labor market and persistent uncertainty in the U.S. economy. After its two-day policy meeting, the Federal Open Market Committee…...