The Commerce Department released a report Friday saying American consumers slowed their spending to a gain of just 0.6% in September. For the July-September quarter as a whole, consumer spending weakened to an annual growth rate of just 1.6%. That was down significantly from the previous quarter. The slowdown comes as a historic rise in…

Recent polling shows about a third of Arizona Democrats say their senior senator, Kyrsten Sinema is doing a bad job representing Arizonans. Elected as part of 2018’s “Blue Wave,” Sinema was Arizona’s first Democrat to head to the Senate in more than 20 years. After first being hailed as the progressive savior for the historically conservative state, Sinema now…

Ahead of planned summits in Europe, as well as expected campaign appearances for Democratic gubernatorial candidates, President Joe Biden spent his weekend in discussions over his two spending bills. Those discussions happened at the president’s Delaware home Sunday. They involved Biden, Senate Majority Leader Chuck Schumer, and Sen. Joe Manchin. According to Politco, the three…

The Treasury Department and the White House Office of Management and Budget (OMB) released the final budget results for fiscal year (FY) 2021 Friday, which showed progress on managing the United States deficit. According to the report, the U.S. added $2.77 trillion to the national deficit in 2021. While that is the second highest year-to-year deficit…

The Dow Jones Industrial Average briefly hit a record high Wednesday, finishing the day up 152.03 points, or .4 percent. It has since fallen 96 points, or .3 percent, to 35,514 as of 10:19 a.m. EST Thursday. That is just below the previous record set Aug. 16. The S&P 500 index was also poised to…

The latest Federal Reserve report on business conditions across the country found the economy is still moving, although it has been slowed down by several factors. The report, known as “The Beige Book”, was released Wednesday. “Economic activity grew at a modest to moderate rate, according to the majority of Federal Reserve Districts,” the report…

According to numbers from China’s National Bureau of Statistics published Monday, the country’s economy grew at its slowest pace in a year in the third quarter. China’s GDP increased by 4.9 percent in the third quarter compared to the third quarter of 2020 when growth was almost 8 percent. In addition to missing analyst expectations,…

Update: (10/15/21): White House Assistant Press Secretary Kevin Munoz confirmed Friday the United States is opening its borders to for nonessential foreign travel. “The US’ new travel policy that requires vaccination for foreign national travelers to the United States will begin on Nov. 8,” Munoz tweeted. “This announcement and date applies to both international air travel…

On the same day the Labor Department reported a record number of Americans quitting their jobs in August, the International Monetary Fund (IMF) downgraded its expectations for economic growth in the United States and around the world. In its job openings and labor turnover report published Tuesday, the Labor Department said 4.3 million Americans quit…

Members of the House returned to Washington during recess Tuesday, where they passed a bill that would temporarily raise the debt ceiling and push the potential of default back to December. Treasury Secretary Janet Yellen had said default could happen as early as Oct. 18. If signed by President Joe Biden, the bill would raise…