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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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
Photograph by Nati Harnik/AP Photo
Employees load a washer and dryer into customer's car at the loading docks of Nebraska Furniture Mart in Omaha, Neb.
Bloomberg by the Numbers: 2.5%
That’s the annualized rate at which the U.S. economy grew in the first quarter, according to an estimate by the Commerce Department’s Bureau of Economic Analysis. The figure refers to the rise in the gross domestic product — the value...
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Photograph by Scott Eells/Bloomberg
A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.
Behind the Growth: Manufacturing Lags
The lower-than-expected reading this morning for U.S. economic growth in the first quarter has revealed a few victims even as growth picked up — among them, factories. “Manufacturing activity remains weak relative to the larger economy,” in part due...
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Photograph by Scott Eells/Bloomberg
The National Debt Clock in New York.
‘Bracket Creep:’ Gov’t Money-Maker
The biggest single reason for higher projected U.S. tax receipts over the next decade has absolutely nothing to do with the rate increases on top earners that took effect last month. That’s only responsible for raising taxes by 0.2 percent...
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Photograph by Andrew Harrer/Bloomberg
Contractors lay down flooring at a construction site in Lorton, Virginia.
Obama’s Economy: Timing Everything
Timing is everything. Before Election Day, it was reported that the nation’s unemployment fell below 8 percent for the first time in nearly four years. After Inauguration Day, it’s reported that the economy contracted, with the nation’s gross domestic product...
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Photograph by Munir uz Zaman/AFP via Getty Images
U.S. Army soldiers attached to 2nd platoon, C troop, 1st Squadron (Airborne), 91st U.S Cavalry Regiment, 173rd Airborne Brigade Combat Team operating under NATO sponsored International Security Assistance Force (ISAF) looks through his rifle as a Medevac helicopter takes off during a patrol near Baraki Barak base in Logar Province on Oct. 13, 2012. T
Defense Cuts: Unavoidable, Despite GDP Contraction Pinned on Defense?
Written with Richard Rubin Just as the U.S. gross domestic product is taking a hit from lower defense budgets, federal spending cuts viewed as unthinkable a few months ago — $1.2 trillion falling heavily on the Pentagon — are seen...
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Photograph by Sam Hodgson/Bloomberg
Workers build a house in Rancho Santa Fe, California.
Bloomberg by the Numbers: 2%
That’s how much economists predict the U.S. GDP will expand in 2013, according to the median of 86 projections compiled by Bloomberg. Growth will slow down from 2.2 percent in 2012, as the federal government seeks to rein in its...
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Photograph by Roger Wollenberg/Getty Images
Speaker of the House John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi, and Senate Minority Leader Mitch McConnell emerge from the White House on Nov. 16, 2012.
Fiscal Cliff Deal No Deficit Solution
One might think, given all the debate over tax increases and spending cuts and averting a “fiscal cliff” at year’s end, that the White House’s pursuit of a $4-trillion, 10-year solution suggests the government’s habit of deficit spending could be...
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Photograph by Andrew Harrer/Bloomberg
Shoppers at the Fair Oaks Mall in Fairfax, Virginia.
GDP Pushed Up — Yet Look Closer
The latest figures on third-quarter economic growth are best described by a cliché: The devil is in the details. Gross domestic product accelerated to a 2.7 percent annual rate, revised upward from a 2 percent pace previously reported by the...
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Photograph by Sam Hodgson/Bloomberg
The Otay Mesa Port of Entry in San Diego, California.
GDP and Presidential Elections: 2 Pct Worked for Reagan’s Party
The nation’s gross domestic product grew by 2 percent in the last quarter. The Obama White House hailed this as “further evidence that the economy is moving in the right direction” — Council of Economic Advisers Chairman Alan Krueger’s words...
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Contributors
-
Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
