CBO Says Pandemic Shaved $3.9 Trillion Off US Economy, Slow Down Will Linger
Economy
CBO Says Pandemic Shaved $3.9 Trillion Off US Economy, Slow Down Will Linger
2020-06-09 21:11:39
by Dan McCue

WASHINGTON - The coronavirus pandemic shaved roughly $3.9 trillion from the U.S. economy and will likely prevent the nation's quarterly growth rate from climbing above zero percent through the end of 2021, the nonpartisan Congressional Budget Office said Tuesday. The... Read More

New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
Economy
New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags
2019-03-29 23:37:27
by Dan McCue

Sales of newly built single-family homes surged in February to a seasonally adjusted annual rate of 667,000, the Commerce Department reported Friday. That 4.9 percent increase is the highest level this category of home sales has reached since March 2018.... Read More

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