Rep. Kevin Brady (R-TX), Vice Chairman and incoming Chairman of the Joint Economic Committee, called today’s news that the U.S. economy added 146,000 nonfarm payroll jobs, including 147,000 private payroll jobs, during November “unimpressive.” He noted that after all the administration’s proclamati...
Going over the fiscal cliff is economically irresponsible, financially reckless, and entirely unnecessary. Yet as Kimberley Strassel observed in The Wall Street Journal, “The president is boxing in the Republicans—offering them a deal they cannot accept, a deal they can't even be seen to be treating...
The Bureau of Economic Analysis (BEA) revised its estimate of real gross domestic product (GDP) growth upwards by 0.7 percentage point to 2.7% today. BEA had previously estimated that real GDP grew at an annual rate of 2.0% during the quarter. The 3rd?estimate of 3rd?quarter GDP will be released on ...