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U.S. Economy Grew 2.9 Percent In 2018, Just Below Trump’s Target
By: Jim Zarroli | NPR
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The U.S. economy expanded at a solid 2.6 percent rate during the last three months of 2018, but growth was significantly lower than it had been earlier in the year as the boost from tax cuts waned.
New ARC Grants Combine Economic Recovery And Addiction Recovery
By: Becca Schimmel | Jeff Young | Ohio Valley ReSource
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The Appalachian Regional Commission announced Thursday another $22.8 million in funding to 33 projects aimed at revitalizing economies in places affected by the decline in the coal industry. The awards are the latest in the ARC’s POWER Initiative, an acronym for Partnerships for Opportunity and Workforce and Economic Revitalization. Congress has funded the initiative for four years specifically… Read More
State Of The Union: ‘Tonight, I Ask You To Choose Greatness,’ Trump Says
By: Jessica Taylor | NPR
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The president’s second State of the Union address touched on many of his familiar themes and agenda items but also included moments and proposals that drew positive reaction from Democrats.
Government Shutdown Cut Into Economic Growth, CBO Says
By: Jim Zarroli | NPR
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A report says the shutdown reduced federal spending by $18 billion, although most of that will be recouped, now that the government has reopened.
Shutdown Will Be Worse For Economy Than First Thought, White House Says
By: Emily Sullivan | NPR
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White House officials reportedly say that each week of the shutdown will subtract 0.1 percentage point from growth — double the administration’s original estimate.
W.Va. Tax Collections Above Estimates For 9th Straight Month
By: Associated Press
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CHARLESTON, W.Va. (AP) – West Virginia revenue collections have surpassed tax estimates for nine consecutive months. Gov. Jim Justice announced Tuesday that collections in December were $44.8 million above estimates. That pushes year-to-date collections to $186 million above estimates. Justice has projected the surplus will grow to $300 million by the end of the fiscal… Read More
West Virginia Governor: November Revenue Far Above Estimates
By: Associated Press
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CHARLESTON, W.Va. (AP) – West Virginia Gov. Jim Justice says state revenue collections have surpassed tax estimates for eight consecutive months. Justice announced Tuesday that collections in November were $18.8 million above estimates. That pushes year-to-date collections to $141 million above estimates and 13.2 percent ahead of year-ago receipts. Justice calls it “spectacular news” and… Read More
Ohio’s Leaders React To News Of GM’s Decision To Close The Lordstown Auto Assembly Plant
By: Jo Ingles | Statehouse News Bureau
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News that GM will be idling its Lordstown factory on March 1st is prompting Ohio’s leaders to issue angry statements in news releases and on social media. John Kasich said he’ll work with GM’s leaders to see if anything can be done to save the plant and if not. The estimated 2500 employees will be directed… Read More
China Announces Retaliatory Tariffs On $60 Billion In U.S. Goods
By: Camila Domonoske | NPR
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Earlier this week, the Trump administration threatened to increase tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent. China quickly vowed to take countermeasures.
U.S. Economy Added 157,000 Jobs In July; Unemployment Dips To 3.9 Percent
By: Avie Schneider | NPR
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The economy continued to add jobs at a steady pace last month and the unemployment rate remained low. Analysts have been looking for signs that wage growth might pick up, but it held steady, too.