U.S. government agency that produces official macroeconomic statistics
Public-held US debt has reached about 100.2% of GDP at $31.27 trillion, with annual interest costs exceeding $1 trillion. The trajectory remains bipartisan and the growth in debt outpaces the economy, prompting warnings from analysts and policymakers about potential fiscal crises.
Tesla has expanded its robotaxi service in Austin to operate without a human operator in the entire Austin Metro area, marking a notable step in autonomy. The company has removed in-vehicle monitors in several vehicles, reflecting growing confidence in its self-driving technology. Waymo remains a key comparator with a larger fleet in nearby markets.
GDP has expanded at 1.5% for April–June, down from 2.1% in Q1. A surge in imports, fuel prices, and AI investment is shaping the economy while consumer spending shows resilience ahead of midterms. The trade deficit widens as exports lag.