US Economy Expands 3.1 Percent in 3rd Quarter, Fueled by Consumer Spending, Exports

Upward revisions to consumer spending and exports lift the third-quarter GDP growth rate. The U.S. economy was stronger than expected in the third quarter as upward revisions to consumer spending and exports bolstered the July–September GDP growth rate. According to the final estimate from the Bureau of Economic Analysis (BEA), the third-quarter GDP increased by

Shutdown looms after House GOP turns against spending bill

Washington — House Speaker Mike Johnson scrapped a last-minute measure to avoid a government shutdown after facing opposition from fellow Republicans — including President-elect Donald Trump — who objected to billions of dollars in spending that had been added to the bill. Lawmakers are facing a Friday deadline to approve new spending. The measure released Tuesday