November, december contracted by 0. 1 . Onetenth of 1 . It was the first contraction in three years and it rattles financial markets. Much of the slippage in gross domestic product, was due to what the u. S. Federal reserves describes as quote weather related disruptions and other transitory facts unquote. The central bank is keeping Monetary Policy on hold. And says n worth of longterm securities a month, until there is a substantial improvement in the outlook for the labor market. Also, the cut back in department of defense outlays, is likely to fuel concerns about the size of a slow down and the full economic fallout of the large quote unquote sequester cuts scheduled for a month from now, the start of march. The president s press secretary said this about the sequester. Quote, acrosstheboard cuts to education, to research and development, would have repeat, would have, damaging effects on our economy and our longterm economic prospects. Unquote. A growing number of analysts believe
The start of march. The president s press secretary said this about the sequester. Quote, acrosstheboard cuts to education, to research and development, would have repeat, would have, damaging effects on our economy and our longterm economic prospects. Unquote. A growing number of analysts believe the political will to stop the sequester is lacking. It will take effect, at least temporarily, they believe, and that will pose a further the f of this year. Question. The fed is saying that the Fourth Quarter contraction october, november, december of 2012 was due chiefly to quote unquote transitory factors. Is this true . Or is the recovery stalling out pat buchanan . I think basically it is true, john. The u. S. Economy is out of the intensive care it was in, in 20072008 but it has been walking the hospital halls ever since. The growth has been growing at an average of about 2 , unemployment is where it was when barack obama took office, we are adding about 150,000 jobs a month, but john,
Last. Siemens, answers. Theu. S. Economyinthefourthquarte of. The u. S. Economy in the Fourth Quarter of last year october, november, december contracted by 0. 1 . Onetenth of 1 . It was the first contraction in three years and it rattles financial markets. Much of the slippage in gross domestic product, was due to what the u. S. Federal reserves describes as quote weather related disruptions and other transitory facts unquote. The central bank is keeping Monetary Policy on hold. And says n worth of longterm securities a month, until there is a substantial improvement in the outlook for the labor market. Also, the cut back in department of defense outlays, is likely to fuel concerns about the size of a slow down and the full economic fallout of the large quote unquote sequester cuts scheduled for a month from now, the start of march. The president s press secretary said this about the sequester. Quote, acrosstheboard cuts to education, to research and development, would have repeat, wo
WASHINGTON – Today, President Biden announces his intent to appoint the following individuals to serve in key roles: Jenna Ben-Yehuda, Member, Board of