Reuters: U.S.

Friday, October 27, 2017

News Alert: Trump gets boost from strong economy

 
 
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Trump gets boost from strong economy
President Trump has been buffeted by historically low approval ratings, a probe into Russian election meddling and innumerable other controversies, but he has enjoyed one consistent bright spot during his first year in office: the economy.

The good news continued on Friday, with the latest official data showing robust growth. Gross domestic product grew at an annualized rate of 3 percent during the third quarter. It was the second quarter in row where growth hit that mark. 

The new figures come as the White House and Republicans on Capitol Hill move into top gear in their efforts to pass tax reform. If they are successful, it will stimulate the economy further, they say. 
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