Sales rates jump May and June after two month drop. The Commerce Department reported last week that they are seeing an unexpectedly positive rebound in the housing market,…
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Administration Economic Task Force Member Has Bold Idea
Reinvigorate the economy by abolishing one tax, adding another. Stephen Moore, a member of President Trump’s economic recovery task force and an economist at FreedomWorks, has set out…
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Federal Reserve Now Offering Lending to Nonprofit Organizations
Fed Hopes to help stabilize hospitals and social services during pandemic. The Main Street Lending Program, launched by the Federal Reserve on July 6 to lend money to…
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Labor Department Reports Drop in Wholesale Pricing
Decrease of 0.2% is part of steady decline in four of the past five months. The Labor Department gave their 6 month report on the Producer Price Index…
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USMCA Trade Deal Officially Begins
U.S. economy expected to grow by over $60 billion. On Wednesday, one of President Trump’s major efforts during his first term finally came into effect. The United States-Mexico-Canada…
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U.S. Manufacturing Bounces Back Amid COVID-19 Reopenings
Recovers Over 15% of production. The Department of Commerce announced on Wednesday that manufacturing in the United States had continued to grow as states began reopening following the…
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Commerce Report Shows Consumer Spending Uptick
CARES Act a major contributor to 8.2% spending increase. The Commerce Department released a report on Friday documenting American expenditures since the start of the pandemic. After rates…
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President Trump Considering Infrastructure Package
$1 trillion could help spur the economy back to life. President Trump and his administration is preparing an infrastructure package focused on transportation projects as part of its…
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National Park Service Announces Economic Impact of 2019
Over $41 billion in revenue generated last year. The Department of the Interior released its analysis of the economic impact of the nation’s national park system on Thursday…
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Federal Reserve Aims to Keep Interest Rates Low Into 2022
The semi-annual policy report predicts slow recovery. The Federal Reserve released its semi-annual report to Congress this past Friday. Chairman Jerome Powell is scheduled to present the report…
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