Federal help for winter storm damage is on the way to 35 areas in the US. Recovery hits state and local budgets hard.
Personal spending rose 0.3 percent in February, the Commerce Department reported Monday. But US stimulus programs have not managed to boost household incomes.
Retail sales for the week ending March 6 rose a robust 2.9 percent from a week earlier. Freed from snow and shovels, and ready for spring, shoppers bust loose.
Concerns about the ability of Greece, Spain, and Portugal to pay their debts caused the Dow Jones Industrial average to drop more than 100 points, closing below 10000 for the first time since early November.
US GDP report marks a strong fourth quarter but economy watchers shouldn't rejoice just yet.
Consumer spending rose 0.7 percent in October, and businesses started adding inventory after 10 months of lowering their stockpiles, according to reports Wednesday. Some see recovery at a moderate pace.
With the economy still in rough shape, calls mount for extra infusions of federal money. But critics say the first stimulus hasn't created the jobs it was supposed to.
Household disposable income stagnated in September, and spending fell 0.5 percent, the government reported. The figures call into question the strength of the economic recovery.