CBS News is closely following key developments in the U.S. economy and legal proceedings. New data released today indicates that the Gross Domestic Product (GDP) shrank by 0.3% in the first quarter of 2025. Economists are analyzing the factors contributing to this decline, including consumer spending and investment. This economic update comes as policymakers are considering various strategies to support economic growth.
In a separate development, Columbia University student Mohsen Mahdawi has been released from ICE detention. The details surrounding his detention and subsequent release are still emerging, but his release has been confirmed. CBS News will continue to provide updates on both of these significant stories as they unfold.
US Economy Shrinks, Columbia Student Released: CBS News Update
The U.S. economy experienced a slight contraction in the first quarter of 2025, with new data revealing a 0.3% decrease in GDP. This marks a shift in economic momentum after previous periods of growth. In other news, Columbia University student Mohsen Mahdawi has been released from ICE detention following a period of legal proceedings. CBS News provides ongoing coverage of these developing stories.
Source: Read the original article at CBS