- John Podesta eats crow: ‘I apologize to Speaker Boehner’
- U.S., China race to finish line on ‘invisibility cloak’
- Obama ‘cavalier’ in hiding foreign aid order, judge rules
- Prince Charles: Muslims are driving Christians from Mideast through persecution
- Gitmo’s first commander: Close the prison down
- Google’s newest photography find: Just wink and shoot
- Detroit’s Heidelberg art project hit by 8 fires in 8 months
- Pa. police pull people over for random DNA tests for feds
- NASA pushing hard to get back into space game
- Harvard student to face federal charges for bomb hoax
By Andrew P. Napolitano
Fourth Amendment says Obama is not at liberty to collect metadata
Independent voices from the The Washington Times Communities
Topic - Unicredit Research
The U.S. economy has grown significantly faster than previously thought during President Obama's years in office, clocking in at a healthy 2.4 percent pace on average between 2009 and 2012, under sweeping revisions of the gross domestic product report published Wednesday by the Commerce Department.
U.S. consumers are in an upbeat mood and are preparing to spend more this holiday season than last year's, providing a badly needed boost to the economy. But headwinds from the lingering effects of Superstorm Sandy and the year-end political storm brewing in Washington could put a damper on their shopping spree, analysts say.
Europe has been in the second leg of a double-dip recession for nearly a year, officials announced Wednesday — a development that hardly comes as a surprise to the millions of workers protesting record-high unemployment in the streets of Athens and Madrid, or to many U.S. corporations with slumping sales on the continent.
The nation's economic growth accelerated modestly in the summer quarter, rising to a 2 percent annual rate from the sluggish 1.3 percent seen in the spring, the Commerce Department reported Friday morning.
U.S. consumers went on another shopping spree last month, driving up retail sales by a robust 1.1 percent in the second straight month of sizable gains, the Commerce Department reported Monday morning.
U.S. consumers snapped out of a spring funk last month and went on a shopping spree. That sent sales at department stores, restaurants, auto showrooms and other retailers soaring by 0.8 percent, the Census Bureau reported Tuesday morning.
Reading the economy these days is like taking a Rorschach test: Optimists see signs of progress in each economic report, while pessimists see the end of the expansion and many others host middling views.
The U.S. unemployment rate slipped further to a three-year low of 8.2 percent last month as businesses kept churning out new jobs, the Labor Department reported Friday morning.