The big picture: America’s economy outpaces its global competitors

U.S. Stock market chart. Photo: Bryan R. Smith/AFP via Getty Images

The U.S. economy is leaving the rest of the world behind: While U.S. economic growth is ramping up, Europe's and other major economies are slowing down, the Wall Street Journal reports.

The big picture: Though the United States' economic growth has been modest in its progression, the country's counterparts across the globe have seen their economies lose steam, which could end a rare period in which the world' largest economies have been growing simultaneously.

By the numbers:

The details: Europe's economy is cooling down, with the value of the Euro dropping after it lost 1.88% against the U.S. dollar on Thursday.

  • Business activity has also slowed in China, which means an economic slowdown could be on the horizon after initial growth at its rapid pace.

What's next: With a strengthening economy and a steadily low unemployment rate, the U.S. Federal Reserve is raising the benchmark for interest rates by a quarter of a percentage point, and could continue to increase rates as the economy strengthens.

What's next

⚖️ Live updates: Democrats close out their opening arguments

House managers wrapped up their three-day impeachment presentation with a direct appeal to the senators to think about the precedent their actions — or more notably their inaction — would have on democracy and Congress’ future ability to serve as a check on the president.

The close: Rep. Adam Schiff (D-Calif.) anticipated attacks on him, other House managers, the Ukraine whistleblower, and the Bidens from Trump's team, which begins its defense of the president on Saturday. He appealed directly to GOP senators: “Real political courage does not come from disagreement with our opponents, but disagreeing with our friends and our own party.”

Go deeperArrowJan 21, 2020 - Politics

Death toll climbs in coronavirus outbreak

41 people have died from an outbreak of a coronavirus strain that originated in Wuhan, China, AP reports.

The latest: The respiratory illness has made its way to Europe, with France confirming three cases, Reuters reports. France's Health Minister Agnès Buzyn said Friday two patients are hospitalized in Paris. The other case is in the southwestern city of Bordeaux. They had returned from a trip that had a stop in Wuhan.

Go deeperArrowJan 20, 2020 - World

Lawyer alleges Giuliani associate recorded Trump comments on Ukrainian ambassador

Photo: Oliver Contreras/For The Washington Post via Getty Images

The lawyer for Lev Parnas, a Rudy Giuliani associate, claims there is a recording of President Trump saying former Ukraine Ambassador Marie Yovanovitch should be fired, the Daily Beast reports.

The latest: Parnas said on Friday that he has turned the recording over to the House Intelligence Committee, per the New York Times — as Rep. Adam Schiff (D-Calif.) led House Democrats in laying out the case for impeaching Trump before the Senate.