U.S. Economic News

July 25, 2016

U.S. Economic News

U.S. Secretary of Treasury Jack Lew told a meeting of policymakers from the G20 economies that the U.S. economy is strong and the job market healthy.  The report follows a recent trend of positive economic indicators and further supports the possibility of multiple Fed rate hikes later this year.  Reuters

Politicians on both sides of the aisle are focusing on more spending to stimulate the economy as opposed to narrowing the deficit, according to a Wall Street Journal article.  Citing a return of near-term deficits to historical averages, slowing healthcare cost growth, and unusually low borrowing costs, the author believes that the government can tolerate higher debt levels, as does former Congressional Budget Office head Doug Elmendorf.  WSJ

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