Most Active Stories
- Siegelman Denied New Trial, Mental Health Budget Concerns
- Layoffs for Alabama Workers, Solar Sail Set to Launch
- Granade Issues Same-Sex Ruling, Busy Travel Weekend Expected
- Biden comments on civil rights and Selma, Bloody Sunday anniversary, Montgomery music premiere
- Historian Says Don't 'Sanitize' How Our Government Created Ghettos
Fri April 26, 2013
U.S. Economic Growth Regained Speed In First Quarter
Originally published on Fri April 26, 2013 5:59 pm
STEVE INSKEEP, HOST:
Accelerating economic growth is at the top of NPR's business news.
(SOUNDBITE OF MUSIC)
INSKEEP: U.S. economic growth regained speed in the first quarter of this year, although not as much as economists had hoped. The Gross Domestic Product grew at an annual rate of 2.5 percent. Consumer spending is up and home construction rose, but government spending fell and tax increases, as well as federal budget cuts, are expected to slow economic growth later in the year. Transcript provided by NPR, Copyright NPR.