Political Capital

Posts tagged: GDP

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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Workers apply fiberglass to an inboard speed boat mold at the Mastercraft Boat Co. factory in Vonore, Tennessee, on Feb. 4, 2014.

Photograph by Luke Sharrett/Bloomberg

Workers apply fiberglass to an inboard speed boat mold at the Mastercraft Boat Co. factory in Vonore, Tennessee, on Feb. 4, 2014.

Bloomberg by the Numbers: 3%

The federal budget deficit is projected to be 3 percent of gross domestic product in fiscal year 2014, barring changes to laws governing taxes and spending. That translates to a $514 billion deficit, according to a report the Congressional Budget...

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The Port of Oakland in California.

Photograph by David Paul Morris/Bloomberg

The Port of Oakland in California.

Bloomberg by the Numbers: 2%

That’s how much gross domestic product was projected to grow in the third quarter on an annualized basis, according to a Bloomberg survey of 69 economists before a report today. That would mean slower economic growth in July, August and...

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Senate Majority Leader Sen. Harry Reid (D-NV) looks at a countdown timer for a possible government shutdown as he attends a news conference with Sen. Patty Murray (D-WA) on September 26, 2013 on Capitol Hill in Washington, DC.

Photograph byAlex Wong/Getty Images

Senate Majority Leader Sen. Harry Reid (D-NV) looks at a countdown timer for a possible government shutdown as he attends a news conference with Sen. Patty Murray (D-WA) on September 26, 2013 on Capitol Hill in Washington, DC.

Countdown to Shutdown: 4 Days

Updated at 8:43, 8:57 and 11:07 am, 1:20, 2:15, 2:58, 3:52 and 3:58 pm EDT With Amanda Gordon of Bloomberg Muse reporting on a senator’s night out.  It was B-Day (for Budget) in the Senate. It will soon be D-Day...

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A worker stands behind window glass for processing at the Milgard Windows & Doors' manufacturing facility in Tacoma, Washington, on July 24, 2013.

Photograph by Tim Rue/Bloomberg

A worker stands behind window glass for processing at the Milgard Windows & Doors' manufacturing facility in Tacoma, Washington, on July 24, 2013.

U.S. Factories Rebounding – or Not

The fastest pace of expansion at U.S. manufacturers since June 2011 is cleaving some economists into two camps: the believers and naysayers. The Institute for Supply Management’s factory index jumped to 55.4 last month, higher than every economist forecast before...

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Technician Dennis Sibley installs electrical systems cable in an Embraer SA Phenom 300 Light business jet at the company's executive jet manufacturing facility in Melbourne, Florida.

Photograph by Mark Elias/Bloomberg

Technician Dennis Sibley installs electrical systems cable in an Embraer SA Phenom 300 Light business jet at the company's executive jet manufacturing facility in Melbourne, Florida.

Bloomberg by the Numbers: 202,000

That’s how much nonfarm employment grew on average per month in the first half of 2013. That exceeds the average monthly job growth of 180,000 in the second half of 2012 and 185,000 in the first half of 2012. The...

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Employee Francis Wallers installs a support for a wind skirt beneath a semi trailer at the Wabash National Corp. facility in Lafayette, Indiana, on July 22, 2013.

Photograph by Daniel Acker/Bloomberg

Employee Francis Wallers installs a support for a wind skirt beneath a semi trailer at the Wabash National Corp. facility in Lafayette, Indiana, on July 22, 2013.

Payrolls Tell Truer Story Than U.S. Growth Data

Figures for growth show the U.S. economy is in the doldrums. The job market looks much stronger. There’s obviously a disconnect. Economists are betting the employment versus GDP toss-up will go in favor of the labor market, where the improvement...

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Shoppers ride escalators in San Diego, California.

Photograph by Sam Hodgson/Bloomberg

Shoppers ride escalators in San Diego, California.

Economy in U.S. Hit Soft(er) Patch in 2Q as Wholesalers Pared Inventory

The nation’s wholesalers made strides in clearing out inventory in May. Their progress also portends even softer economic growth in the second quarter. Commerce Department figures today showed wholesale inventories unexpectedly fell 0.5 percent in May, the most since September...

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The reflection of a shopper a mall in San Diego, California, on June 22, 2013.

Photograph by Sam Hodgson/Bloomberg

The reflection of a shopper a mall in San Diego, California, on June 22, 2013.

Bloomberg by the Numbers: 1.8%

That’s how much gross domestic product expanded in the first quarter at an annualized rate, according to revised figures from the Commerce Department. First-quarter GDP was revised downward from a previous estimate of 2.4 percent, according to a report released...

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Mexican immigrants work on a housing construction site on May 3, 2013 in Denver, Colorado.

Photograph by John Moore/Getty Images

Mexican immigrants work on a housing construction site on May 3, 2013 in Denver, Colorado.

Social Security Report ‘Game-Changer’ for Immigration Bill

A Social Security Administration analysis says the Senate’s bipartisan immigration proposal would boost U.S. tax revenue, create jobs and increase the gross domestic product over the next 10 years. Stephen Gross, chief actuary for the agency, says the bill would have a “substantial positive...

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