Reuters: U.S.

Wednesday, August 30, 2017

News Alert: Trump’s growing economy faces fall obstacles


 
 
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Trump’s growing economy faces fall obstacles
An ebullient President Trump on Wednesday touted the U.S. economy’s 3 percent growth in the second quarter and boasted that the best is yet to come.

“If we achieve sustained 3 percent growth, that means 12 million new jobs and $10 trillion in new economic activity over the next decade,” Trump told a receptive crowd in Springfield, Mo. “And I happen to be one that thinks we can go much higher than 3 percent. There’s no reason why we shouldn’t.”

Whether the economy continues to grow may depend on how Trump and the Congress navigate a series of thorny political issues in the next month that include measures to prevent a government shutdown and raise the nation’s borrowing limit.
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