US Consumer Confidence Drops Sharply, Survey Shows
U.S. consumer confidence plunged in February in its biggest monthly decline in more than four years, a business research group said Tuesday. The Conference Board said its consumer confidence index dropped from 105.3 in January to 98.3 this month, the largest month-to-month decline since August 2021. With U.S. consumer spending accounting for about 70% of […]
Americans Discuss US Economy After First Month of Trump’s Presidency
Immigration and the economy were among U.S. voters’ priorities when they went to the polls in the November 2024 general election. But how do Americans feel now about the U.S. economy a month into President Donald Trump’s presidency? VOA’s Veronica Balderas Iglesias spoke to people in the nation’s capital, with Genia Dulot contributing from California.
Reindustrialization: A Strategy for American Sovereignty and Security
Beijing’s latest decision to cut the United States off from Chinese exports of various critical minerals reinforces the imperative of American reindustrialization. Over-reliance on any one country, but particularly a hostile geopolitical rival, for strategically important components is a threat to U.S. national and economic security. Donald Trump’s reelection offers an opportunity to advance a […]
As Inflation Declines, U.S. Economy Shows Exceptional Growth at 3.3% in Q4
As inflation pressure which had touched a four-decade high in 2022, subsides further in the United States, positive economic data emerged on January 25, indicated that Quarter 4 showed strong economic performance. The Gross domestic product increased at a 3.3% annualized rate last quarter after advancing at a 4.9% pace in the third quarter. At […]