US Economy Roars Back, Ending Kamala Harris Governor Speculation
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The U.S. economy grew at a strong pace this spring, reversing a decline from earlier in the year. The new data was released on the same day Vice President Kamala Harris confirmed she will not run for governor of California.
The nation's Gross Domestic Product (GDP), the total value of all goods and services, surged in the second quarter. This follows a contraction, or shrinking, of the economy in the first quarter. The rebound eases immediate fears of a recession.
Separately, Vice President Harris ended political rumors about her future. She stated she will not enter the race to become California's next governor. Harris previously served as a U.S. Senator from California.
The economic report and the Vice President's announcement were highlighted in a recent political newsletter. The two events are not directly connected but occurred on the same day.