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GDP Up 2.1% Q1, Washington 4.5% Growth, AI $765B

6/25/2026

Summary

Story summary

The U.S. Commerce Department reported GDP rose in 46 states and Washington, D.C. in Q1 2026, expanding the economy 2.1 percent, with Washington state leading 4.5 percent growth driven by tech and media firms.
The BEA said the expansion stemmed from higher investment, exports and consumer spending, partially offset by imports.
Treasury Secretary Scott Bessent projected 3 percent growth by year-end and said AI spending totals $765 billion this year and $1.6 trillion by 2031.

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Story summary

The U.S. Commerce Department reported GDP rose in 46 states and Washington, D.C. in Q1 2026, expanding the economy 2.1 percent, with Washington state leading 4.5 percent growth driven by tech and media firms.
The BEA said the expansion stemmed from higher investment, exports and consumer spending, partially offset by imports.
Treasury Secretary Scott Bessent projected 3 percent growth by year-end and said AI spending totals $765 billion this year and $1.6 trillion by 2031.