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The updated comptroller’s report raises the amount of revenue available to the state over the 2024-25 cycle to $194.6 billion.
In an August 2024 report, J.P. Morgan analysts revealed that there's a 35% chance the U.S. will fall into a recession by the end of this year. The probability of a recession by the end of 2025 ...
The NBER officially calls U.S. recessions, and data from Bank of America shows why this group won't be in a rush to declare the U.S. economy in recession.
In February 2021, the state of Texas suffered a major power crisis, which came about during three severe winter storms sweeping across the United States on February 10–11, [6] 13–17, [7] and 15–20.
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
That may be why there's a rabid interest in projecting when the next recession will come. The benefits of such a call vary. It can help, or hurt, political parties amid an election year. It can ...
The Northern Plains' climate is semi-arid and is prone to drought, annually receiving between 16 and 32 inches (410 and 810 mm) of precipitation, and average annual snowfall ranging between 15 and 30 inches (380 and 760 mm), with the greatest snowfall amounts occurring in the Texas panhandle and areas near the border with New Mexico.
Typically, a recession is defined by a decline in economic activity that lasts more than a few months, the NBER says. But the U.S. economy is still chugging along, with second-quarter GDP growing ...