Budget Cuts Reduce Economic Growth In First Quarter Of 2013

Budget Cuts Reduce Economic Growth In First Quarter Of 2013: Economic growth slowed slightly in the first three months of the year thanks in large part to the government’s spending cuts, according to first quarter GDP numbers. As Reuters reports, “The U.S. economy expanded at a 2.4 percent annual rate during the period, down a tenth of a point from an initial estimate, according to [...]/p