Tag Archives: recession

The Associated Press reports: The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record. The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn. The economists make up a committee within the National Bureau of Economic Research, a trade group that determines when …

The Hill reports: President Trump’s approval rating dropped 6 points in a new poll as Americans voice concerns about the economy. Trump’s approval rating fell to 38 percent after July’s career-high 44 percent approval, based on the ABC News/Washington Post poll released Tuesday. The survey also found that 46 percent of Americans approve of Trump’s handling of the economy and …

NPR reports: U.S. employers added 130,000 jobs in August, according to a monthly snapshot from the Labor Department, signaling a slowdown in the pace of job growth. Forecasters surveyed by the Reuters news service had predicted job gains of around 158,000. The unemployment rate held steady at 3.7%. Manufacturers added just 3,000 jobs. The jobs total would have been lower …

The Hill reports: Approximately half of respondents in a new survey who voted for President Trump say they would blame him if the U.S. economy falls into a recession. A Morning Consult poll released Wednesday found that 42 percent of respondents who say they voted for Trump in 2016 would hold him partially responsible for an economic downturn, and another …

NBC News reports: White House economic adviser Larry Kudlow on Sunday sought to allay fears of an economic downturn, saying “I don’t see a recession at all.” The White House adviser demurred when asked by “Fox News Sunday” guest host Dana Perino whether the Trump administration is considering concrete steps to stave off a potential recession after short-term U.S. treasury …

The Hill reports: Comedian Bill Maher on Friday continued his calls for another economic recession, claiming it would tank President Trump’s shot at reelection in 2020 and be “very worth” ending his policies. Speaking with a panel including political consultant Rick Wilson and journalists Betsy Woodruff and Carl Hulse, Maher dismissed criticism from people who “get mad” at rooting for …

USA Today reports: As financial markets tumbled Wednesday over concerns about international trade, President Donald Trump took to Twitter to defend his administration’s tariff war with China and to take his latest swipe at the nation’s central bank. “We are winning, big time, against China,” Trump wrote on Twitter, despite few signs of progress in negotiating a new trade agreement …

CNBC reports: Recession risk is rising, according to Bank of America. Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the next year. “Our official model has the probability of a recession over the next 12 months only pegged at about 20%, but our subjective call based on …