White House says Trump economy roaring back after ‘Biden disaster’ job revisions
White House Deputy Press Secretary and Special Assistant to the President Kush Desai joins ‘Mornings with Maria’ to tout the jobs report, defend President Donald Trump’s tariff strategy and highlight new efforts to lower prescription drug costs.
The U.S. economy grew at a much slower than expected pace in the fourth quarter, according to new data released on Wednesday.
The Commerce Department's Bureau of Economic Analysis (BEA) released its advance estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 1.4% in the fourth quarter, which runs from October through December.
Economists surveyed by LSEG had expected the economy to grow at a 3% rate in the quarter. The fourth quarter's 1.4% growth was slower than the 4.4% GDP growth recorded in the third quarter.
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