WASHINGTON — President Donald Trump has been losing his own battle to cut interest rates. The president likes to vilify high rates as an affront to the size and strength of the U.S. economy, saying that America deserves the cheapest borrowing costs in the world. Trump for months publicly pressured the Federal Reserve to slash … Read more
Growth fell in the second quarter, despite the AI business spending boom. Source link
U.S. economy sees sluggish growth numbers in second quarter – CBS News Watch CBS News U.S. economic growth slowed down in the second quarter of 2026. CBS News business analyst Jill Schlesinger weighs in. Source link
Updated on: July 30, 2026 / 8:51 AM EDT / CBS News The nation’s gross domestic product grew at an annual rate 1.5% in the second quarter, the Commerce Department said Thursday, weaker than economists expected and a sign the Iran war is hurting growth. Economists polled by Reuters predicted GDP would rise at an … Read more
A new CBS News poll found that 65% of Americans disapprove of how President Trump is handling the economy, 71% disapprove of his handling of inflation and 63% think the war in Iran is going badly for the United States. Olivia Gazis reports. Source link
CBS News executive director of elections and surveys Anthony Salvanto told “Face the Nation with Margaret Brennan” that a new poll shows many Americans feel the Iran war is not going well. Those feelings are related to the length of the war, communication about it, and its impact on the economy, Salvanto said. Source link
NEWYou can now listen to Fox News articles! Young people are working. They’re just waiting longer for the “American dream” that work was supposed to buy. Labor force participation among Americans in their prime working years remains near its highest level in decades. Yet younger adults are buying homes later, delaying marriage and putting off … Read more
China says its economy grew 4.3% in the April-July quarter from a year earlier, slowing from the strong 1st quarter Source link
United Airlines will soon let travelers pay for one of air travel’s biggest luxuries: an empty middle seat. The new Economy Plus option will debut later this year on the carrier’s new Airbus A321XLR aircraft, the airline said Tuesday. The new Economy Plus option will go on sale later this year for flights departing soon afterward. United … Read more
Former Speaker of the House Kevin McCarthy discusses President Trump’s approval rating on economic policies, his decision to not sign a bipartisan housing bill and the president’s recent financial disclosures. Source link