The first estimate shows a 3.2 percent increase from the third to fourth quarter.
The US economy grew at a relatively healthy 3.2 percent annual rate in the final quarter of 2010, the Commerce Department reported Friday. That is an improvement from a 2.6 percent rate in the third quarter. But to many Americans, it's hard to tell if anything is really better. Buried in the new report are clues to why that is – and what might happen to the economy in the year ahead. Here are five things that the government’s preliminary report on gross domestic product reveals about the health of the economy.
Striking a balance between spending and revenue in Washington will be no easy task.
Is a drug development center at the NIH is an unwarranted extension of government?
It's year five of "The Great Correction," and there's still a ways to go.
Foreclosures have been huge in cities that rode the real estate bubble in the West and in Florida. But the fastest rise in foreclosures is taking place primarily in far less frothy metropolitan areas of the Southeast, according to a new report by RealtyTrac. North Carolina alone was home to four of the Top 10 fastest-rising foreclosure metros last year. While their foreclosure rates are still quite low compared with most places, these metros and their plight illustrate how the poor economy is driving the housing crisis now.
Can green energy find its own market without the government's help?
Can texting, napping, ball cap-wearing students learn professionalism?
Prices have soared since June of last year.
Planning summer vacations far in advance can be a big money saver.
The Treasury says the balance in its Supplementary Financing Account will decrease to $5 billion.
As the economy retracts, some things that were once counted as economic goods aren't anymore.
The British Weather Services doesn't think so.
The U.S. Census Department's monthly report shows home sales were up 17.5 percent from November.
What President Obama didn't address in his State of the Union speech