House Speaker Johnson Outlines Legislative Agenda

The US economy is showing signs of strength, with a 2.7% predicted growth for 2024 and job creation exceeding expectations, as reported by the Department of Commerce and S&P Global Ratings. However, the agency warns of a potential recession within the next 12 months, citing rising unemployment to 4.5% and softening real income growth. In political developments, House Speaker Mike Johnson emphasized an 'America First' agenda, reflecting a mandate from voters for policies prioritizing American interests. Johnson highlighted the need to address issues like inflation and border security, promising to move away from previous administration policies. The Republican majority in the House aims to act swiftly on these priorities, seeking to reverse what they term the 'America last' approach. Meanwhile, ongoing economic challenges remain, including higher costs of capital and uncertainty affecting business investments.