Paul Ashworth, chief North America economist at Capital Economics, said in a note following the release that the shutdown was a larger-than-expected drag during the fourth quarter, but he expects this impact to be reversed in the first quarter of 2026, when his firm forecasts annualized GDP growth will hit 3%.

Government spending under the Trump administration has increased in 2025, despite a pledge from Elon Musk’s Department of Government Efficiency to drastically cut it, according to new analysis. The world’s richest man, who dramatically exited the White ...

U.S. GDP grew 1.4% in Q4, down from 4.4% in Q3, as consumer and government spending slowed; hiring remained weak despite solid annual growth. (Scripps News)

The survey included 38% of those who self-identified as Republicans, 35% as Democrats, and 25% independents or unaffiliated voters.

WASHINGTON (AP) — The House passed a bipartisan package of three spending bills on Thursday that would fund parts of the federal government through September, demonstrating the eagerness of lawmakers to avoid another government shutdown near the end of ...

The same is true for income taxes. Government programs don’t fund themselves, and agencies don’t shrink on their own. Every new initiative, expansion or regulation carries a cost that eventually shows up in paychecks or at the checkout counter.

Add Yahoo as a preferred source to see more of our stories on Google. Illustration: Kate Guenther / The Center Square (The Center Square) – A majority of Americans say cutting government spending is the best way to lower debt and costs, a new poll from ...

The United States’ gross domestic product (GDP) for the fourth quarter (Q4) grew at a slower pace than expected, reflecting a downturn in government spending and exports. The Bureau of Economic Analysis reported that the U.