ASAToday for July 3rd, 2025

The Economy Continues to Grow The economy’s fourth-quarter growth trounced forecasts as cooling inflation fueled consumer spending, capping a surprisingly strong year that defied expectations for recession. GDP rose at a 3.3% annualized rate, preliminary data show. For all of 2023, the economy expanded 2.5%. America’s main growth engine, personal spending, increased at a 2.8%…

ASA Strongly Supports S. 2928, the Water Infrastructure Subcontractor and Taxpayer Protection Act ASA joined the National Association of Surety Bond Producers (NASBP) and the Surety & Fidelity Association of America (SFAA) in a letter to the Senate Environment and Public Works (EPW) Committee Leadership urging the passage of bipartisan legislation S. 2928, the Water…