Photo: Andrew Burton/Getty Images
The U.S. economy grew at a rate of 4.2% in the second quarter — more than the initial estimate of 4.1%, according to the Commerce Department.
Why it matters: The upward revision marks the economy's best performance in four years, as Reuters reports, thanks to a boost in corporate spending and a decline in imports.
New coronavirus infections rose over the past week in half the country.
Why it matters: The U.S. remains largely unable or unwilling to control the spread of the virus.
Illustration: Sarah Grillo/Axios
Senate Majority Leader Mitch McConnel and President Trump arrives at the U.S. Capitol in March. Photo: Samuel Corum/Getty Images
President Trump signed a bill to extend current levels of government funding after funding expired briefly, White House spokesperson Judd Deere confirmed early Thursday.
Why it matters: The move averts a government shutdown before the Nov. 3 election. The Senate on Wednesday passed the legislation to fund the federal government through Dec. 11, by a vote of 84-10.