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Holiday spending grew, erasing worries of a downturn

(NEW YORK) -- Consumer spending grew solidly this holiday season, rebuking concerns of a slowdown and reinforcing positive signals about the U.S. economy as it approaches the end of a tumultuous year.Buying among shoppers rose 3.1% over the holidays compared to the same period... Read More.

US economy grew at blistering pace in third quarter

(NEW YORK) -- The U.S. economy grew at a blistering pace over three months ending in September, more than doubling growth in the previous quarter and rebuking worries about a possible recession. The robust performance, however, complicates the fight to dial back inflation.Fresh GDP... Read More.

How US national debt grew to its $31.4 trillion high

(WASHINGTON) -- A ticking clock in Washington to avert default by raising the nation's borrowing limit is drawing attention to the $31.4 trillion debt already accrued by the United States government.The country hit its current debt ceiling in mid-January and is expected to run... Read More.

US economy grew at end of 2022, defying recession fears

(WASHINGTON) -- The U.S. economy grew robustly at the end of last year, defying recession fears and weathering an aggressive series of interest rate hikes from the Federal Reserve, government data showed.U.S. gross domestic product grew by a 2.9% annualized rate over the three... Read More.