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Economy

Mark Wilson, Getty Images
Mark Wilson, Getty Images
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White House On GOP Budget: Math Doesn’t Add Up

WASHINGTON (AP) — The White House says the new House Republican budget outlines the wrong course for the nation.

White House spokesman Jay Carney says the math in Budget Committee Chairman Paul Ryan's plan doesn't add up

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Spencer Platt/Getty Images
Spencer Platt/Getty Images
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Slight Gain Forecast For Retail Sales

WASHINGTON (AP) — A FactSet survey of economists suggests there was cautious consumer spending in February as Americans balanced a surge in hiring against higher taxes and gas prices.

Economists forecast that Commerce Department data due out Wednesday will show retail sales rose 0

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Kevork Djansezian/Getty Images
Kevork Djansezian/Getty Images
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Budget Cuts Could Hit Needy College Students

WASHINGTON (AP) — A coalition of universities and college professionals is asserting the automatic budget cuts could end up costing some students hundreds of dollars a year.

The 77-member Student Aid Alliance says the cost could total as much as $876 a year in new fees, fewer work-study hours and reduced grants for students receiving federal aid

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Consumer Spending Drives Two-Thirds Of U.S. Economy
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Economic Growth Seen For Wyoming

OMAHA, Neb. (AP) — A survey of rural bankers in 10 Midwest and Plains states suggests slow economic growth is ahead.

A report released Thursday on the Rural Mainstreet Index says the overall index rose to 58

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Brendan Hoffman/Getty Images
Brendan Hoffman/Getty Images
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Panetta: Defense Budget Cuts Will Damage Economy

WASHINGTON (AP) — Defense Secretary Leon Panetta is laying out a grim list of spending cuts the Pentagon will have to make in the coming weeks that he says will seriously damage the country's economy and degrade the military's ability to respond to a crisis

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Brendan Hoffman/Getty Images
Brendan Hoffman/Getty Images
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White House: Economy Healing, But Could Be Wounded

WASHINGTON (AP) — The White House says a new jobs report shows the U.S. economy is healing, but warns Congress not to inflict wounds with looming spending cuts.

Alan Krueger is chairman of President Barack Obama's Council of Economic Advisers

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Oli Scarff/Getty Images
Oli Scarff/Getty Images
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Economists Growing More Upbeat About Year Ahead

NEW YORK (AP) — Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with hiring expected to pick up in coming months.

A quarterly survey by the National Association for Business Economics released Monday shows half of the economists polled now expect real gross domestic product — the value of all goods and services produced in the United States — to grow between 2 and 4 percent this year

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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U.S. Home Sales Rose To 5-Year High In 2012

WASHINGTON (AP) — U.S. sales of previously occupied homes rose in 2012 to their highest level in five years, spurred higher by record-low mortgage rates and steady hiring.

The National Association of Realtors says sales reached 4

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Andrew Burton/Getty Images
Andrew Burton/Getty Images
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Holiday Sales Rose 3 Percent

NEW YORK (AP) — A major retail trade organization is announcing that holiday sales rose 3 percent, below its forecast for a 4.1 percent gain.

The season was marked by heavy discounting in its final days as stores tried to unload excess goods after shoppers held back on spending

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Spencer Platt/Getty Images
Spencer Platt/Getty Images
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Survey: Small Businesses Optimistic Despite ‘Cliff’

NEW YORK (AP) — Small business owners were slightly more optimistic at the end of 2012, even as they awaited the outcome of negotiations in Congress over the "fiscal cliff."

That's the finding of a survey by the National Federation of Independent Business, a lobbying group

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