With the Biden administration facing the prospect of a second consecutive quarter of negative economic growth, top officials in media appearances have started rejecting that as the traditional ...

As we wait for the second-quarter GDP numbers to come out at the end of this week, the White House is already playing cleanup by letting the public know that the definition of "recession" is fluid and ...

The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump's trade policies. The country's GDP ...

America’s GDP fell at a 0.9% annualized rate in the second quarter, a preliminary estimate from the Bureau of Economic Analysis showed Thursday morning. The report marks the second straight quarter of ...

The White House recently laid out why two quarters of negative growth doesn't always signal a recession. Yet a growing number of voices has accused the administration of changing the definition of a ...

The U.S.' economic landscape remains far from picturesque, with a housing market downturn, inflation spikes and consumer price increases darkening the landscape. Economists, investors and brokers ...

Government spending is quite literally a part of the definition of GDP in every economics textbook. But now Commerce Secretary Howard Lutnick says he wants to take government spending out of that ...

The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. That matches the ...

A key report Thursday could reveal that the nation’s economic output declined for a second straight month, meeting the informal criteria for a recession. After dropping at an annual rate of 1.6% in ...