Government Shutdowns Affect the Economy
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Washington — President Trump frequently touts a U.S. economy that's on the rise under his stewardship: he talks about energy and grocery prices that are falling, lower mortgage rates and claims he's vanquished inflation. He argues things have never been better for the American consumer, especially after predecessor Joe Biden's administration.
Regardless of the reasons, the fact that consumers are still willing to spend is undoubtedly good news: America’s GDP is more than two-thirds comprised of consumer spending. As long as people keep shelling out, America’s massive and diverse economy will keep running just fine.
Revised GDP data from the Commerce Department puts second-quarter economic growth at 3.8%. That could complicate things for the Federal Reserve, which tends to cut rates when the economy is struggling.
4don MSN
US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth
The U.S. economy expanded at a surprising 3.8% from April through June in a dramatic upgrade of the government's previous estimate of second-quarter growth.
Wealthy Americans may not be able to power the economy with spending as much as some people think, BCA Research says.
The U.S. economy grew at an annualized rate of 3.8% in the second quarter in the government's final estimate, besting a 3.3% rate issued in its second estimate and far exceeding a 3% initial estimate.
The U.S. economy's GDP grew at a 3.8% rate in the second quarter following the latest revision after the economy recorded a 0.5% contraction in the first quarter.
5don MSN
The economy was a strength for Trump in his first term. Not anymore, according to recent polling
Recent polling shows President Donald Trump’s second-term strengths look different from his first. His approval was once strengthened by economic issues, but it's now tepid on that front.
KTVX Salt Lake City on MSN
National parks tourism in Utah contributed $3.1 billion to state economy in 2024
According to a National Parks Service report, tourism from 15.8 million visitors to Utah's national parks had a total benefit of $3.1 billion to the state economy.