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.

Just Posted

SF police say journalist suspected of conspiring to steal report

Raid on freelance videographer drew widespread condemnation

Comedians get serious about saving iconic SF comedy club

The Punch Line expected to lose its lease in August

Tax on Uber, Lyft rides rolls toward the ballot

Measure has support of Mayor London Breed, most of Board of Supervisors

California sues Trump administration to recover $1 billion high-speed rail grant

Lawsuit links decision to restrict state funding to Newsom’s criticism of Trump’s immigration plan

Warriors sweep Portland to advance to record fifth-straight finals

Triple-doubles by Draymond Green and Stephen Curry power Golden State to conference finals sweep

Most Read