UAW strike, govt. shutdown, student Loans: GDP growth faces triple threat

📆 9/14/2023 7:01 PM
📰 YahooFinanceCA

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

Auto workers gearing up for a strike, a potential government shutdown, and student loan payments resuming are coinciding and could all spell trouble for the U.S. economy. EY Chief Economist Greg Daco joins Yahoo Finance to break down the overhang these headline events and recent inflation data can have on GDP growth and consumers.  When asked about the ongoing, and potential, strikes Daco explained: 'There is a direct effect on employment. There is a direct effect on spending, and there is also a direct effect on the regions that are affected that are dominated by those sectors, in this case, the automotive sector in the midwest.'

The Salesmen Laughed At The Old Man Who Went To Buy A Car, This Is What SurprisedCourt security officer testifies after ex-Trump adviser Peter Navarro moves for mistrial following guilty verdict

In a rare post-trial hearing, a court security officer testified before the judge overseeing former Trump adviser Peter Navarro's contempt of Congress case, after Navarro's attorneys moved for a mistrial. Navarro, who under Donald Trump was director of the White House Office of Trade and Manufacturing Policy, was found guilty last week of two counts of contempt of Congress for defying a subpoena issued in February 2022 by the House select committee investigating the Jan.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Education Education Latest News, Education Education Headlines