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Second quarter GDP locks in at 3 percent growth

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Second quarter GDP locks in at 3 percent growth

U.S. gross domestic product (GDP) grew at an annualized rate of 3 percent in the second quarter, showing an impressive performance for the economy through an elevated interest rate environment set by the Federal Reserve. Three percent growth in the Commerce Department’s third estimate of GDP performance confirmed the second estimate…
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Politics

Republicans move forward with controversial megabill accounting move

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Senate Republicans are on the cusp of formally adopting a controversial accounting tactic to zero out much of the cost of their massive domestic policy bill. The matter came to a head on the Senate floor Sunday afternoon, when Democrats sought to prevent the use of the current policy baseline…
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Megabill reading wraps up after nearly 16 hours

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Senate clerks have completed a nearly 16-hour reading of the GOP’s 940-page megabill. Clerks began reading the text aloud at 11:08 p.m. Saturday and finished Sunday at 3:03 p.m. By refusing to waive chamber rules allowing for reading, Senate Democrats hoped to create an opportunity to highlight some of the most unpopular issues in the legislation…
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White House eyes Kentucky state senator for Massie challenge

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White House officials will host Kentucky state Sen. Aaron Reed in the coming weeks for a discussion about challenging GOP Rep. Thomas Massie in next year’s Republican primary, according to two people granted anonymity to describe the private plans. President Donald Trump and his political operation have been searching for a candidate to challenge Massie over his opposition to the president’s “big…
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