Federal budget

Public libraries help students fend off summer learning loss

New York Public Library
New York Public Library. Photo: Atilgan Ozdil/Anadolu Agency/Getty Images

Low-income black and Hispanic students are more susceptible to losing ground academically during summer breaks, and libraries help to lessen the pitfalls from the hiatus from reading and writing, Chalkbeat reports.

The big picture: President Trump has proposed to defund federal money toward public libraries. While that hasn't come to pass, public libraries are still at the mercy of potential cuts in city budgets, putting youth programs at risk.

The cost of the "strong" U.S. economy

Data: Bureau of the Fiscal Service; Chart: Harry Stevens/Axios

Despite massive amounts of money being pumped into the economy by both fiscal and monetary policy, U.S. growth is slowing, not accelerating.

Why it matters: Last year Congress signed a 2-year agreement to increase spending $300 billion, in part to pull the economy out of its slow-growth malaise following the financial crisis and put the U.S. back on track for 3% annual growth or higher.