US economy

How the US economy went from booming to a recession scare in only 20 days

New York CNN — Just 20 days ago, the US stock market was sitting at all-time highs. The US economy appeared to be growing at a solid pace. And a recession was nowhere in sight. Now, the R-word is seemingly everywhere. Recession fears are rocking the stock market. GDP forecasts are getting slashed. President Donald …

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Egypt Independent March 12, 2025

US economy on the brink as time runs low to avert debt default

Washington CNN — America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country’s debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs. Unless a compromise to raise the government’s borrowing authority is reached within …

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Egypt Independent May 22, 2023

How the midterm elections could impact the US economy

Tuesday’s midterm elections come at a time of economic vulnerability for the United States. Recession predictions have largely turned to “when” not “if” and inflation remains stubbornly elevated. Americans are feeling the pain of rising interest rates and are facing a winter filled with geopolitical tension. The results of Tuesday’s election will determine the …

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Egypt Independent November 9, 2022