Tag Archives: us economy

Record Consumer Spending Forecast for US February Sales

Posted on 22 February 2024 by Ken Zino

Total new-vehicle sales for February 2024 in the US, including retail and non-retail transactions, are projected to reach 1,214,600 units, a 1.4% increase from February 2023, according to a joint forecast from J.D. Power and GlobalData* issued today. The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.4 million units, up 0.4 million units from February 2023 as the Biden Administration economic recovery continues. Consumers are expected to spend ~$40.8 billion on new vehicles this month. This is the highest on record for the month of February, and 4.1% higher than February 2023. Continue reading →

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President Obama Announces New Oil Drilling Plans

Posted on 16 May 2011 by Ken Zino

U.S. President Barack Obama in his weekly radio address to the nation on Saturday called expansion of domestic oil production and the elimination of $4 billion in taxpayer subsidies that oil companies are granted each year by the U.S. Congress. Continue reading →

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