AUSTIN, Texas — The summer heat in Texas was so intense that it might have caused a decrease in the state's overall GDP, according to a new research finding from the Federal Reserve Bank of Dallas.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

The role of imports in GDP—Gross Domestic Product—confuses many people. The current political discussion about tariffs has triggered some of the misunderstanding. This article aims to help business ...

With 50 states in the Union and 100 percent to go around, the average state’s contribution to U.S. GDP would technically be two percent. While a lot of states are in that percentage range, there are ...

The U.S. government's budget deficits are now projected to worsen throughout the next decade when compared with earlier forecasts this year, according to a new report by the nonpartisan Committee for ...