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Economic Growth

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Stocks fell on Wall Street Tuesday, continuing a volatile bout of trading that has sent markets swinging between steep losses and gains as investors gauge several threats.

ATHENS, Greece (AP) — Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB, two notches below investment grade.

BAMAKO, Mali (AP) — Thousands have joined in a government-sponsored rally in Mali’s capital to protest new regional economic sanctions and growing pressure from former colonizer France, after Mali's military ruler pushed back promised elections by four years.

FRANKFURT, Germany (AP) — The risk of recession is looming for Germany after Europe’s biggest economy shrank at the end of 2021 and as it faces a bumpy start to this year, with the rapid spread of COVID-19's omicron variant deterring people from shopping and travel and supply bottlenecks holding back manufacturers.

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UNITED NATIONS (AP) — The United Nations forecast lower global economic growth for 2022 and 2023 on Thursday, saying the world is facing new waves of coronavirus infections, persistent labor market challenges, lingering supply chain issues and rising inflationary pressures.

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shortages.

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WASHINGTON (AP) — The federal government last month posted its smallest monthly budget deficit in two years thanks to a rebounding economy that helped boost tax receipts, coupled with slower spending as some COVID relief programs ended.

SIOUX FALLS, S.D. (AP) — As South Dakota Gov. Kristi Noem marks the beginning of the state's legislative session Tuesday, she finds herself in a balancing act, caught between business groups wanting to ratchet up the state's economic growth and social conservatives pushing some of the country's most aggressive legislation aimed at transgender people.

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The U.S. economy was weaker than expected in the third quarter, which is bad news for any American whose livelihood depends on strong economic growth and especially disappointing for the White House, which is struggling to reassure voters about the state of the economy amid rising prices and a historic supply crunch. Overall growth in the third quarter was 2%, a fair step down from rates of 4.5% and 6.7% the U.S. economy logged in the first and second quarters.

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TRUMP: “At the end of the year, the assumption that I win, I’m going to terminate the payroll tax ... We’ll be paying into Social Security through the general fund.” — news conference Wednesday.

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TRUMP on the economic hit: “I don’t think it's going to end up being such a rough patch.” — briefing Wednesday.

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TRUMP: “We have the greatest economy we've ever had in the history of our country. And I'm in Europe today because we're bringing a lot of other companies into our country with thousands of jobs — millions of jobs, in many cases. ” — Davos remarks.

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TRUMP: "And our unemployment numbers are the best in 51 years. And for certain groups, ... women is now 71 years." — remarks Monday to the U.S. Military Academy football team.

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As a candidate, J.B. Pritzker repeatedly criticized Springfield's habit of putting off tough decisions. Once elected, he wanted to do just that. His proposed budget for the next fiscal year included extending by seven years the state's pension payment schedule. Doing that would push to 2052 the target date for a 90 percent-funded pension system, and reduce what the state would pay in the short term. For the budget that begins July 1, it would cut what the state owes from about $9.1 billion to about $8 billion.

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KEVIN HASSETT, chairman of the White House Council of Economic Advisers: "Survey data suggests that the capital spending plans over the next year are very strong, or over the next six months." — phone call with reporters on Wednesday, the one-year anniversary of passage of the administration's tax cuts.

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