Items Tagged with 'Government spending'


  • Ben Carson: Brain surgery was easier than running HUD

    "There are more complexities here than in brain surgery," HUD secretary tells NYT
    In a new report from the New York Times, U.S. Department of Housing and Urban Development Secretary Ben Carson acknowledged the difficulties of his role, which he once considered quitting, within the Trump administration. Carson told the paper: “There are more complexities here than in brain surgery,” about leading HUD.
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  • Report: Ben Carson wants to cancel custom furniture order

    House Oversight Committee asks for information about purchase and demoted employee claims
    Following reports about the Department of Housing and Urban Development ordering a $31,000 custom hardwood dining set for his office, Secretary Ben Carson is requesting that the order be canceled. Meanwhile, the House Committee on Oversight and Government Reform wants to know more about the purchase and the HUD official who said she was demoted for pushing back on the spending.
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  • GDP growing, but at slower pace in Q4

    Offset by exports and government spending
    Real gross domestic product continues to climb but at a slower rate in the fourth quarter than in the third. The deceleration was driven by exports and government spending. The Bureau of Economic Analysis’ first estimate breaks down the increases to GDP in the fourth quarter.
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  • Hensarling tells CFPB to ditch costly office renovations

    First attack of new Congressional session shows criticism not going away
    Just one week into the new Congress, the head of the House Financial Services Committee is letting the CFPB know the issue of the hundreds of millions it's spending on a leased office building isn't going away. Here's what's happening.
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  • Full speed ahead as Fannie Mae stands by optimistic forecast

    Cite more government spending, declining inventories
    Slow growth dominated the first quarter, but Fannie Mae’s Economic & Strategic Research Group believes the economy is expected to gain momentum in the second quarter amid an increase in government spending and diminishing drag from a slowdown in inventory stockpiling.
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  • U.S. overspends budget

    Government posts $98 billion budget deficit in July
    While the U.S. government spent $98 million more than it took in last month, this is far from uncommon, especially since 2009 when a hike in unemployment fueled higher spending on the social safety net, Reuters reported.
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  • GDP Contracts 3.8% in Q4

    The U.S. economy tightened at a 3.8 percent annualized rate in the fourth quarter of 2008  according to advance estimates released by the U.S. Department of Commerce Friday. This marks the worst performance for the U.S. economy in nearly 27 years, according to a Market Watch report.
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