Q3 economic growth revised to 2.2 percent: Weaker than believed

As it turns out, economic growth is slower than we thought. The Department of Commerce has revised its third-quarter growth numbers to reflect 2.2 percent annualized growth — a significant downward revision from the 2.8 percent that was reported originally.

This is bad news for the country, of course. It is also bad news for the president, who is grasping at any straw he can find to sell his stimulus package as a successful jobs bill — even abusing a perfectly good CBO report.

Beltway ConfidentialUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

A 14-Mission Muni bus heads down Mission Street near Yerba Buena Gardens. (Kevin N. Hume/S.F. Examiner)
Pandemic experiments morph into long-term solutions for SF transit agency

The streets of San Francisco became real-time laboratories for The City’s public… Continue reading

NO CONNECTION TO SERVER:
Unable to connect to GPS server ‘blackpress.newsengin.com’
Debate reignites over San Francisco’s first public bank

Prior to the COVID-19 pandemic, momentum was building for San Francisco to… Continue reading

Owners of Levi’s Plaza on The Embarcadero say gas boilers on the property will be replaced by electric and solar sources in the next few years. (Shutterstock)
Big plans for clean power at Levi’s Plaza

Transition to net zero carbon in step with S.F.’s environmental goals

Supervisor Dean Preston speaks about rent relief at a meeting of Faith in Action, a nonprofit serving low-income residents. <ins>(Kevin N. Hume/The Examiner)</ins>
How to apply for post-pandemic rent relief in San Francisco and California

Reyna Aguilar has amassed $20,000 in rent debt since losing her restaurant… Continue reading

The San Francisco Giants are encouraging their fans to get the COVID-19 vaccine. (Chris Victorio | Special to The Examiner, 2021)
Giants to entice fans to get vaccinated with ticket giveaway starting Friday

The San Francisco Giants have partnered with the city to encourage their… Continue reading

Most Read