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CitationThis graph explains how the Government is going to spend the U.S. money this year.
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In the fourth quarter of 2008, GDP contracted at a 3.8% annual pace—the worst quarterly performance since the deep recession of 1982. http://www.economist.com/blogs/freeexchange/2011/08/fiscal-policy
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Moody's lowered California's bond rating from A1 to A2.
Fitch lowered California's bond rating from A+ to A. http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2009 -
The U.S. resession ends. http://www.dof.ca.gov/html/fs_data/LatestEconData/Chronology/chronology.htm#2009
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The U.S. federal government is expected to have posted a budget deficit of $96 billion in July, which could bring the deficit to $606 billion for the first 10 months of the fiscal year. http://www.ibtimes.com/economic-events-euro-zone-gdp-us-inflation-retail-sales-housing-starts-1381029
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Economists are forecasting a 0.2 percent month-on-month increase in the Consumer Price Index in July. The core CPI probably rose by 0.2 percent as well. http://www.ibtimes.com/economic-events-euro-zone-gdp-us-inflation-retail-sales-housing-starts-1381029
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Citationmport prices are poised to rise 0.8 percent in July after four straight months of declines, as imported energy costs jump on the back of a nearly 5 percent rise in Brent crude prices globally. Excluding petroleum, import prices should be flat in July, after declining mostly in May and June. The recent strength of the U.S. dollar should also cap the rise in import prices.Export prices probably rose by 0.2 percent, after declining by 0.1 percent in June.
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The U.S. dollar loses its value since 2008. It goes from $1.00 to $0.08. http://www.usinflationcalculator.com/
