Political Capital

Posts tagged: economy

Customers check out at a Costco Wholesale Corp. store in San Francisco

Photograph by David Paul Morris/Bloomberg

Customers check out at a Costco Wholesale Corp. store in San Francisco

Good News for Fed, Less So For Average Joe

Federal Reserve policy makers may be breathing a tad easier today after the Bureau of Labor Statistics’ consumer price report showed diminishing odds of deflation. Higher costs for food and rent helped boost consumer prices 0.2 percent in March, the...

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Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

Copies of the Fiscal Year 2014 Budget at the U.S. Government Printing Office in Washington, D.C.

Bloomberg by the Numbers: 2.8%

    The federal budget deficit will be 2.8 percent of gross domestic product this fiscal year, according to a Congressional Budget Office projection.  That would mark a decline in the deficit from 4.1 percent of the economy in fiscal...

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Shoppers at a dealership in New York City.

Photograph by Spencer Platt/Getty Images

Shoppers at a dealership in New York City.

Bloomberg by the Numbers: -30.1

The Bloomberg Consumer Comfort Index averaged minus 30.1 in the first three months of this year. That’s the strongest first-quarter rating for the consumer sentiment gauge since 2007, before the biggest economic downturn since the Great Depression took hold. The...

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Job seekers at a job fair in New York on Jan. 16, 2014.

Photograph by Victor J. Blue/Bloomberg

Job seekers at a job fair in New York on Jan. 16, 2014.

Brookings Papers Turn Conventional Wisdom on Its Head

As The Brookings Institution holds its Spring 2014 Papers on Economic Activity conference, a summary of some interesting findings: One in three American households live hand-to-mouth, spending every disposable penny they make. Two-thirds of them aren’t poor, a paper by...

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People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Photograph by John Moore/Getty Images

People cross a slushy Park Avenue on Feb. 18, 2014 in New York City.

Income Taxes May Mean Economy Hasn’t Taken Much of a Weather Hit

The weather has helped produce some pretty weak readings of economic activity — that much even Federal Reserve Chair Janet Yellen has admitted. Federal tax receipts, however, are showing a picture of stronger growth. Income and payroll tax collection data...

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Job seekers line up for the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers line up for the Recruit Military veteran job fair in San Diego on Feb. 27, 2014.

Bloomberg by the Numbers: 63%

The labor force participation rate of 63 percent in January underscores how the job market has recovered slowly and partially since a deep recession ended in 2009. The labor force participation rate — the share of people who are 16...

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George Osborne, U.K. chancellor of the exchequer, during a Group-of-20 Finance Ministers and Central Bank Governors meeting in Sydney on Feb. 23, 2014.

Photograph by Ian Waldie/Bloomberg

George Osborne, U.K. chancellor of the exchequer, during a Group-of-20 Finance Ministers and Central Bank Governors meeting in Sydney on Feb. 23, 2014.

Bloomberg by the Numbers: $2 Trillion

The Group of 20 nations will develop “ambitious but realistic” policies to increase collective gross domestic product by more than $2 trillion, or 2 percent, above the current baseline for the next five years. While the U.S., United Kingdom, Japan...

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The Dah Chong Hong Commercial Centre is reflected in a taxi's rear window in the Quarry Bay district of Hong Kong.

Photograph by Brent Lewin/Bloomberg

The Dah Chong Hong Commercial Centre is reflected in a taxi's rear window in the Quarry Bay district of Hong Kong.

Bloomberg by the Numbers: $31.9 Billion

That’s China’s trade surplus — in January. It is the widest gap between imports and exports reported by Beijing in a January since 2009. Yet, the growth projected for China’s economy this year marks the slowest pace in 24 years....

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Christine Lagarde. left, Catherine Levy, and Francois Delattre.

Photograph by Stephanie Green/Bloomberg

Christine Lagarde. left, Catherine Levy, and Francois Delattre.

Lagarde: ‘Guardedly Optimistic’ on Global Economy, Self-Confident in Leadership

Updated with fundraising total, Feb. 6 at 1:40 pm EST Christine Lagarde, the International Monetary Fund’s managing director, was held accountable last night — by a room full of teenagers. “How did you do it?” asked Sarah Curtis, an eleventh-grader...

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