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US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates

Thu, Apr 25, 2024 at 11:05 am

( ) -q-24- UNDATED (Correspondent Jeremy House) “reducing their inventories.”

The nation’s economy slowed last quarter.

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TAG: Correspondent Jeremy House reporting. The state of the U.S. economy has seized Americans’ attention as the election season has intensified. Although inflation has slowed sharply, to 3.5% from 9.1% in 2022, prices remain well above their pre-pandemic levels.

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VERBATIM: The economy grew at an annual rate of 1.6%, in a sign that the high interest rates may be taking a toll on borrowing and spending. The gross domestic product decelerated from its brisk 3.4% growth rate in the final three months of 2023. Consumers continued to drive growth last quarter, but slowed their spending. Growth was also held back down by businesses reducing their inventories.

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Supreme Court to hear Trump’s immunity case

Thu, Apr 25, 2024 at 6:32 am

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Trump, Johnson To Hold Joint Press Conference At Mar A Lago

Wed, Apr 10, 2024 at 4:14 pm

Election integrity will take center stage on Friday as House Speaker Mike Johnson [R-LA] and former President Trump hold a joint press conference at Trump’s Mar a Lago resort in Florida. The two have long had amicable relations..Johnson supportive of Trump’s effort to challenge certification of the 2020 election, and has endoresd his bid for reelection. The joint apperance also comes at a time when Johnson can benefit from a strong show of support from the former Commander in Chief. He’s facing the threat of being ousted as Speaker , an effort being lead by fellow Trump supporter , Georgia Repreentative Marjorie Taylor Green.

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Bernie Bennett SRN News U.S. House correspondent

Michael Harrington SRN News religion desk editor

Evangelicals want action on immigration

Fri, Mar 1, 2024 at 10:25 am

Evangelicals want action on immigration

VERBATIM: According to a new survey by LifeWay Research, the surge in illegal border crossings during the Biden administration is worrying Evangelical Christians. 80% want Congress to take action to stop the flow. Lifeway spokesman Scott McConnell says “The urgency continues to grow for Congress to act this year to improve laws around immigration.” The poll also finds that Evangelicals are concerned for the welfare of illegal aliens and want to share the gospel with them. Michael Harrington, SRN News.

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