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Tag: Economic Forecast

Colorado Budget Gap Nears $1.5B As Revenue Forecast Slides
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The Denver Gazette, Approved, State

Colorado Budget Gap Nears $1.5B As Revenue Forecast Slides

By: Marianne Goodland | The Denver Gazette The latest revenue forecasts from economists in both the governor’s office and the Colorado legislature show that the state’s budget predicament has worsened — by hundreds of millions of dollars more. That, in turn, means cuts programs and services in next year’s fiscal budget will go much deeper. The state’s fiscal predicament also means no refunds for Colorado residents. Economists with the Legislative Council downgraded the forecast for the 2026-27 fiscal year by another $643 million, bringing the total shortfall to nearly $1.5 billion. What’s driving the downgrade? General fund revenues — dollars that come from tax collections for individual and corporate income tax, and sales and use taxes — came in lower for fi...
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Economists Predict Slow Recovery for Colorado Workforce After Policy-Driven Setbacks
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The Denver Gazette, Approved, State

Economists Predict Slow Recovery for Colorado Workforce After Policy-Driven Setbacks

By Bernadette Berdychowski | The Denver Gazette Colorado faced weak job growth throughout 2025. More than half of the 11 largest sectors are expected to have recorded job losses by the end of the year, according to the annual economic outlook from the Business Research Division at the University of Colorado Boulder, released Monday. But 2026 is expected to see improvement, as economists forecast only three sectors will see job losses. Preliminary estimates show 2025 had 0.4% growth. Next year, job growth could improve to 0.6%. Colorado has been in a cycle of sluggish growth since 2024 that was exasperated this year by tariffs and federal cuts. The slowdown is largely driven by the professional and businesses sector, the second-largest employer in the stat...
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Media Panics as Trump Era Policies Fuel Stronger Than Expected Growth
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National, Approved, The Federalist

Media Panics as Trump Era Policies Fuel Stronger Than Expected Growth

By Brianna Lyman | The Federalist For all the media’s breathless warnings and dire forecasts, the numbers show the economy isn’t collapsing under Trump’s tariffs. Better than expected,” CNBC’s Rick Santelli announced Wednesday morning as fresh data revealed the economy grew at a three percent rate in the second quarter. Data from the Commerce Department shows the U.S. economy expanded at an annual rate of three percent from April through June, surpassing economists’ forecast of approximately two percent growth. Inflation also continues to cool, with the annual rate of inflation at 2.1 percent in the second quarter, compared to 3.7 percent in the first. As CNBC’s Jeff Cox reported, the growth is “powered by a turnaround in the trade balance and renewed consumer strength.” And as...
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OMB Director Russell Vought: If Trump’s bill fails, expect recession and 60% tax increase
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Approved, Fox News, National

OMB Director Russell Vought: If Trump’s bill fails, expect recession and 60% tax increase

By Diana Stancy | Fox News OMB Director Russell Vought has cautioned about a recession if Trump's tax and spending package isn't passed The White House is challenging the nonpartisan Congressional Budget Office’s assessment that President Donald Trump’s sweeping tax and spending package will raise the federal deficit by trillions of dollars throughout the next decade. The national debt, currently $36.2 trillion, tracks what the U.S. owes its creditors, while the national deficit measures how much the federal government’s spending exceeds its revenues. So far, the federal government has spent more than $1 trillion more than it has collected this fiscal year, according to the Department of the Treasury.  The Congressional Budget Office (CBO) issued an analysis...
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