0.7% compared to the last three months of 2016, the weakest quarterly showing in three years. gdp is the most comprehensive measure of the economy. cnbc s senior economic reporter steve leesman joins me now. before he clarifies, i m going to do it. steve, it s probably a bit unfair because we measure other things compared to the year before. if you look at gdp growth compared to the same quarter a year before, it s about 1.9%. not as bad as it looks this morning. the same it was all last year. this is short of the 3% that steve mnuchin says they re trying to get to. that s right. i mean, i m not sitting here putting the blame or credit to the president, in the sense that this is, you know, one month he wasn t in office. really, in a president says you ll have an effect on the economy, it ll come later. first of all, first quarter data has been anonymously weak for a
white house. steve, thanks for great analysis on that. i appreciate that. steve leeman is cnbc s senior economics reporter. great, steady head to explain these complex issues. thanks, buddy. thanks, ali. next, i ll talk to steve russell about the house vote to fund the government for another week. we ll be right back. like walking. hey, honey. dad, where s the car? thought we d walk. he s counting steps. walk, move and earn money. goal! dad. hey, we wanna welcome everyone to the father daughter dance. look at this dad, he s got some moves! money you can use on out-of-pocket medical expenses. he s ok, yeah! unitedhealthcare
the grand elusive bargain. deal making requires purity of thought, spirit and possibly the influence of a higher being. create in us clean hearts o god and renew a right spirit within us. deliver us from the hypocrisy of attempting to sound reasonable while being unreasonable. will raising the debt ceiling require a supreme power? we ll get the lodown when cnbc s amman javers joins us on now. . with scottrade s online banking, i get one view of my bank and brokerage accounts with one login. to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don t trade like everybody. i trade like me.
paying attention but maybe they should be paying attention here. remember, that s also tactical for the president. he benefits if there s a stock market decline from this brinksmanship. that gives him political leverage. in a way, the president would not mind some falloff on the dow if not precipitous because gives a little muscle, leverage in washington. something has to wake them up thank you, cnbc eamon javers. to staying with wendy to run, wendy, run as texas state governor gets set for plans for her future, we ll look at her chances of a future going to the governor s mansion next. lyrics: take on me. take me home. i ll be gone. in a day or. man: twooooooooooooooooo! is that me, was i singing?
any more than he gave the last president of the united states a free vote. default of the nation s credit, global economic calamity, apparently the only voices republicans will listen to these days are themselves. or as vice president joe biden said yesterday, it s a different breed of cat up there. joining us from washington is cnbc s eamon javers. i think the disconnect, what we traditionally believe the party and the democrats to a large extent are highly responsive to wall street. this is a new normal in which they are completely unresponsive to wall street. that s right. you re dealing with tea party republicans who don t look at wall street the same way republicans looked at wall street. they look at them as establishment elite and skeptical about claims against wall street titans. that s exactly why president obama brought them to the white house yesterday. hoping wall street would go up to the hill and make the case he wants to make as well and maybe