Federal government: Louisiana’s third-quarter GDP growth outpaced nation as a whole
Louisiana’s gross domestic product grew 2.9 percent during the third quarter of 2019, according to estimates by the federal Bureau of Economic Analysis. Louisiana tied with Arkansas for biggest jump among southeastern states and outpaced the national average of 2.1 percent.
Texas led the nation at 4 percent.
“Gross domestic product” refers to the monetary value of all goods and services produced in a state or country in a given year.
BEA estimates sometimes are revised after initial release. The bureau this summer said Louisiana’s first-quarter growth led the Southeast, only to later say the state’s GDP didn’t grow at all during that time.
Louisiana congressmen hope Corps reduces projected $14 billion cost of levee system
U.S. Rep. Steve Scalise and U.S. Rep. Garret Graves say $1.25 million in federal funds will be reallocated to revise the Morganza-to-the-Gulf hurricane protection project designs to reflect the construction progress already made by state and local authorities.
The money will be used to help update the project’s cost from an estimated $14 billion to something more affordable, they said in a joint news release.
“Since 1992, the Corps of Engineers has spent $80 million studying this project without putting a shovel in the ground,” Graves said. “These new funds will allow for updated, more efficient designs that put us much closer to getting even more federal funding for hurricane and flood protection in Terrebonne and Lafourche parishes.”
Louisiana presidential primaries draw 19 candidates
Joe Biden and Cory Booker signed up for Louisiana’s Democratic presidential primary on the last day of qualifying Friday. Democrats who have signed up to participate are: Michael Bennet, Biden, Michael Bloomberg, Booker, Pete Buttigieg, John Delaney, Tulsi Gabbard, Amy Klobuchar, Deval Patrick, Bernie Sanders, Tom Steyer, Elizabeth Warren, Robby Wells and Andrew Yang.
Along with President Donald Trump, Rocky De La Fuente, Bob Ely, Matthew John Matern and Bill Weld have qualified on the Republican side.
The primaries are scheduled for April 4.