The guy with six casino crashes, a football league crash, and numerous other failures is working hard on his second crashing of the United States economy.
US economic growth was even weaker than previously reported at the end of last year, dragged down by the historic government shutdown, even before America’s war with Iran.
Gross domestic product, the broadest measure of economic output, expanded at an annualized rate of 0.7% in the October-through-December period, the Commerce Department said Friday in its second estimate. That’s down sharply from the 1.4% rate initially reported, and a much slower pace than the 4.4% in the third quarter.