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Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on more complete source data than were available for the ...
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House Financial Services Chairman Patrick McHenry put the onus on Senate Democrats to move sweeping crypto legislation before the November election. McHenry said Thursday that bipartisan House passage of crypto market structure legislation this month is a “wakeup call” for the Senate to act. Senate Majority Leader Chuck Schumer’s backing, he said, is ...