The US economy’s rebound in the second quarter was stronger than previously reported, thanks to consumers who stepped up their spending despite jitters over President Donald Trump’s trade war.
"Gross domestic product, which measures all the goods and services produced in the economy, registered an annualized rate of 3.3% from April through June, the Commerce Department said in its second estimate released Thursday. That’s up from the 3% rate in the first estimate."
Rising GDP does not necessarily mean increased federal revenues, but it seems a good bet. Budgeting based on presumed Laffer Curve results is not wise, but Trump’s audacious gamble may work.
The bad news keeps coming. 8/28/25 AP:
" WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed.
"Applications for unemployment benefits for the week ending Aug. 23 dropped 5,000 to 229,000, the Labor Department reported Thursday."
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