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U.S. GDP growth slowed to 2.3% in the first quarter of 2018, down from 2.9% in the last quarter of 2017 but beating analysts' expectations of 2% growth.
Be smart: First-quarter growth tends to come in under other quarters given seasonal adjustment issues made on the basis that people tend to spend more around the holidays. However, the Trump administration's hefty goal of sustaining a 3% GDP growth rate is still far away.
Illustration: Sarah Grillo/Axios
(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)
Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.
Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.
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President Trump announced on Friday he will pursue an executive order requiring insurance companies to cover pre-existing conditions, something that is already law.
Why it matters: The Affordable Care Act already requires insurers to cover pre-existing conditions. The Trump administration is currently arguing in a case before the Supreme Court to strike down that very law — including its pre-existing condition protections.