The United States is expected to post solid economic growth of more than 3.0 percent through 2016, accompanied by a shrinking deficit, a government agency said Tuesday.
WASHINGTON (Reuters) - The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year.
Former Massachusetts Gov. Mitt Romney broke with Republican orthodoxy on Tuesday by claiming that budget cuts would shrink the economy, according to NBC News.
WASHINGTON — The US economy grew much faster than first thought in the final months of 2010, according to the Commerce Department, which revised the figure upward to 3.1 percent on Friday.
