<p><span style="font-weight: 400;">The United States economy grew more slowly than expected in the fourth quarter, as investment gains were offset by declines in government spending and exports. </span></p>
<p><span style="font-weight: 400;">Gross domestic product increased at a 1.4% annualized rate last quarter, the Commerce Department’s Bureau of Economic Analysis said in its initial estimate of fourth-quarter GDP on Friday. The figure missed the Dow Jones estimate, which had forecasted that GDP would rise at a 2.5% pace. </span></p>
<p><span style="font-weight: 400;">Trump blamed the ‘Democrat Shutdown’ for the fourth-quarter economic slowdown. </span></p>
<p><span style="font-weight: 400;">“The Democrat Shutdown cost the United States of America at least two points in GDP. That’s why they are doing it, in mini form, again. No shutdowns!” The President added, “Also, lower interest rates,” and that Fed Chair Jerome Powell “is the worst.” </span></p>
<p><span style="font-weight: 400;">Just four days into the government shutdown that began in October, Press Secretary Karoline Leavitt <a href="https://www.youtube.com/watch?v=Fl_eu8vxU9Q">warned</a> that the shutdown could result in weekly losses of </span><span style="font-weight: 400;">$15B</span><span style="font-weight: 400;"> in GDP. Oxford Economics predicted the shutdown would reduce economic growth by 0.1 to 0.2 percentage points per week. They estimated a quarter-long shutdown would have impacts of 1.2 to 2.4 percentage points. The government shutdown ultimately lasted around half a quarter before ending in November. </span></p>
<p><span style="font-weight: 400;">White House spokesperson Kush Desai told the Daily Wire the numbers showed a robust private sector-led economy despite the shutdown. </span></p>
<p><span style="font-weight: 400;">“Today’s GDP report showed that President Trump continues to deliver robust private sector-led economic growth with strong consumption and investment. Even with the Democrat Government Shutdown dragging the country down last fall, GDP growth for 2025 smashed the Federal Reserve, Congressional Budget Office, and International Monetary Fund’s ‘expert’ predictions. He added, “As President Trump’s proven agenda of tax cuts, deregulation, tariffs, and energy abundance continues taking effect and as trillions in investments continue pouring in, America’s economic comeback is set to only accelerate in 2026.” </span></p>
<p>Not all economists agreed. Chief Economist for Europac Peter Schiff <a href="https://x.com/PeterSchiff/status/2024844808863281222">said</a>, &#8220;Data confirms Trump&#8217;s &#8216;hottest economy&#8217; is cooling fast.&#8221;</p>
<p>Many economists argue that President Trump&#8217;s tariffs curb economic growth. On Friday, the Supreme Court issued a ruling striking down Trump&#8217;s use of sweeping tariffs through the International Emergency Economic Power Act (IEEPA).</p>
<p>Senate Minority Leader Chuck Schumer <a href="https://x.com/SenSchumer/status/2024869159197118878">said</a> the Supreme Court ruling was &#8220;a victory for the wallets of every American consumer.&#8221;</p>

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Why Trump Says Democrats Shaved ‘Two Points’ Off Economic Growth

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Ep. 2738

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U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
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Ep. 2737
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Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

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Why Trump Says Democrats Shaved ‘Two Points’ Off Economic Growth