News coverage is provided. Americans were working than eight years before. We have turned it all around. Once again we have been the economic envy of the entire world. It really is a stroke because the gdp did hit four times during the Obama Administration. The highest was 5. 1 percent. But as you say, it was something. Mike growth like this is something obsolete should be celebrated. With the white house and i think others have been saying is that the numbers during the Obama Administration may have been high but it was largely because there was a recovery phase. When the president began with the economy already, pretty decent shape and really revving it up with the agenda of deregulation and all of that. Hes been criticizing the fed recently for trying to pump the brakes on the economy because he did not want them to raise interest rates. Eric meanwhile, this is been
going on all cylinders in terms of the economy and the gdp. Another blowback of the performance with Vladimir Putin th
That was President Trump taking a victory lap on the news that the u. S. Economy grew at a robust rate at 4. 1 percent in the Second Quarter. The fastest pace in almost 4 years. Here with a look at whats behind that acceleration is chair of the White House Council of economic advisory. Nice to see you. 4. 1 percent. Economists predicted 4. 4, as you look at the details of the report. What do you like in it . It goes back to a piece i wrote a while back that Corporate Tax cuts would cause a Capital Spending boom. If you look at the average of the first half of the year, we got a Capital Spending boom in the average growth is 3. 1 percent. Its not often that economists can nail it that tightly and it showed its working exactly as we thought. Paul Capital Spending in the First Quarter was more robust than in the Second Quarter. Do you have an explanation for that . One of the things that happened is for Equipment Spending you were allowed to expense it retroactive to october. In the Fourt
Consumer spending, you see the fact that we are in a historic moment in terms of our economic growth, i mean, this is the first time in four years that weve seen the gdp break at 4 . It was Larry Summers who said if we get to a 3 growth that it would be fair enough to say if you were to believe in tooth ferries. Jon Allison Barber is reporting from berkley heights, new jersey, near the president s golf club where he is spending this weekend. Allison, how big a deal are these numbers for the white house . Reporter for the white house they seem to be an enormous deal. Any time we speak to anyone from the administration or hear any interviews with President Trump or even from Vice President pence, what they want to talk about is the economy and gdp growth, despite warnings from some economists that the growth is not sustainable longterm. The president is telling americans the growth is here to
An evening newscast reviewing and analyzing top stories of the day. Theres a lot of democratic v
than 200 that north korea has held in storage for some time. they weren t remains recently located and retrieved. this was not an exchange for any money between the u.s. and north korea. the remains under law, for instance, the defense secretary says that they can t under the law, the defense secretary can reimburse north koreans for excavating remains of u.s. troops. the state department said in this case that did not happen. that s important, because some critics believe any money sent to the north korean government will be used for no fa for nephs reasons. yesterday the remains were brought to south korea where they were met with military honors. the last time north korea turned over remains was in 2007, more than 36,000 americans died in the korean war from 1950 to 1953. of those, 7,699 are still considered missing in action and of those, 5300 are believed to
reporter: the remains are believed to be part of the more than 200 that north korea has held in storage for some time. they weren t remains recently located and retrieved. this was not an exchange for any money between the u.s. and north korea. the remains under law, for instance, the defense secretary says that they can t under the law, the defense secretary can reimburse north koreans for excavating remains of u.s. troops. the state department said in this case that did not happen. that s important, because some critics believe any money sent to the north korean government will be used for no fa for nephs reasons. yesterday the remains were brought to south korea where they were met with military honors. the last time north korea turned over remains was in 2007, more than 36,000 americans died in the korean war from 1950 to 1953. of those, 7,699 are still