US economy grew 1.3 percent in second quarter
The overall economy grew at an annual rate of 1.3 percent in the spring, down from its previous estimate of 1.7 percent growth, the Commerce Department said Thursday. The big revision reflected that the government slashed its estimate of crop production by $12 billion.
AP
9/27/12
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More Like This
More From This Author
News
|
Lisa Mascaro, Associated Press
, Mary Clare Jalonick, Associated Press
, Matt Brown, Associated Press
•
July 1, 2025
Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie
The bill next goes back to the House, where Speaker Mike Johnson of Louisiana warned off big revisions from his chamber’s version.