Senate is senior body in US Congress, with 100 members from each state. Senate confirms treaties, approves presidential appointments, and conducts federal trials. Senate works through 26 committees, with five types including standing and special committees. Vice-president serves as Senate head, casting tie-breaking vote
US manufacturing is world's second-largest with $2.5 trillion output in 2021. Manufacturing employment grew 1.7% to 12.56 million in 2017. Manufacturing contributed less to GDP than finance, government, and services
NIIP measures difference between country's external financial assets and liabilities. Includes both government and private debt. External assets held by country's residents are considered. Commodities and currencies follow cyclical valuation patterns
September 2024 inflation rate was 2.4%. Federal Reserve targets annual inflation rate of 2%. Inflation reached 9.1% in 2022, highest since 1981
Trump's policies include tariffs, immigration tightening, and regulatory changes. Net U.S. growth expected to remain relatively stable in 2025. Inflation forecast slightly raised, Fed easing expectations reduced. Positive demand effects from regulatory reset and fiscal actions
US inflation reached 40-year high in June 2022. Headline inflation decreased from 9.1% to 3.4% by December 2023. Prices are up 19% compared to January 2020. Food prices increased 25%, energy 26%, shelter 21% since pandemic