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Even with a healthy job market and rapid economic growth, the federal government is piling up debt. The government’s deficit is expected to top $1 trillion next year.
President Trump is eager to tout a fast-growing economy, boosted by the tax cuts he pushed through Congress. That makes Friday’s report on gross domestic product a highly anticipated news event.
The Fed has signaled that a total of three increases are likely in 2018. This would be the second. But, with unemployment low, the Fed could add more rate hikes to avoid sparking higher inflation.
COLUMBUS, Ohio (AP) — Internet retail giant Amazon says it plans to build another large distribution center in Ohio.The Columbus Dispatch reports the newest center will employ 1,500 people in the village of West Jefferson, roughly 18 miles (29 kilometers) west of Columbus in Madison County.Officials say the center is expected to open by the… Read More
Bottles of bourbon make their way through the assembly line at Maker’s Mark, one of ten distilleries on the Kentucky bourbon trail. They’re cleaned, filled, capped and then dipped in the company’s signature red wax, a tradition that started with the wife of the distillery’s founder, Bill Samuels. “She took red sealing wax, she put it… Read More
The Ohio Valley was once synonymous with steel. Even after the industry’s sharp decline the region is still home to many industries that produce or use steel and aluminum. Those industries are closely watching what the Trump administration will do on steel and aluminum imports. The Department of Commerce has suggested a massive 24 percent global tariff on those… Read More
MORGANTOWN, W.Va. (AP) – West Virginia University economists say their business index shows a 2 percent improvement in the state’s economy from a year ago. Their Mountain State Business Index has posted monthly gains for 11 of the past 13 months. John Deskins, director of the WVU Bureau of Business and Economic Research, which produces… Read More
Ford says it is starting production of two new engines at its plant in Cleveland. The company said Friday that production is beginning at the plant on the 2.0-liter and 2.3-liter EcoBoost engines for vehicles built in North America. It will mark the first time those engines have been built in the U.S. They previously… Read More
Dakota Harris tried to block out the chaos surrounding him, a dozen hammers and saws flying all over the place, and focus on his work. Confined to a small 10-foot-by-10-foot work space, the Alexander High School senior at Tri-County Career Center had four hours to build a miniature house. Finally the bell sounded around noon… Read More