The Economy Grew Due to Increased Consumer Spending and Investments

The U.S. economy grew at a sizzling 5% annual rate in the July-September period, the fastest in more than a decade, boosted by strength in consumer spending and business investment. The Commerce Department on Tuesday sharply revised up its estimate of third-quarter growth from a previous figure of 3.9%. Much of the strength came from […]

Health Care Spending Down, For Now

The latest federal estimates of health care spending offer some good news: The growth rate for spending in 2013 will remain at a low level for the fifth straight year. But the bad news is, spending is expected to rise faster than growth in the economy over the next 10 years. The big unanswered question […]