Free Republic

he numbers: The bustling U.S. economy was even stronger in the spring than initially reported thanks to higher government spending and business investment. And companies cashed in big time. Gross domestic product expanded at a 4.2% annual pace in the second quarter, up from a preliminary estimate of 4.1%, the government said. GDP is the official measuring stick for the U.S. economy. Economists polled by MarketWatch had forecast GDP to be left unchanged at 4.1%. The strong growth, along with the biggest tax cuts in 31 years, helped fill corporate coffers. Adjusted corporate profits before taxes climb 3.3% in second...

President Donald Trump hailed a new economic report showing the U.S. economy grew at a clip of 4.1 per cent in the second quarter, hitting a high pace not reached since 2014. 'It is indeed a big one,' Trump said. Trump said he was 'honored' by the growth figure and called it a 'great day.' The president made an unscheduled appearance on the South Lawn of the White House, flanked by his economic advisors, to tout the news. He promised the high growth rate was not a 'one-time' thing. 'As the trade deals come in one by one we're going...

President-elect Donald Trump's policies have the potential to trigger a new age in U.S. economic growth that could serve as a global template, according to a Deutsche Bank forecast. Gross domestic product growth would be double its current level under an agenda that cuts regulations across a broad swath of critical sectors, enacts tax reform that slashes personal and corporate taxes, and calls for at least $1 trillion in improvements for bridges, roads and other public projects. "This policy mix has the potential of reigniting productivity growth and raising U.S. growth potential," David Folkerts-Landau, chief economist at Deutsche Bank, said...