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News Alert: U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

Breaking News from The Washington Post

U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

Wednesday, January 30, 2013 8:43:15 AM

National News Alert

The U.S. economy shrank from October through December for the first time since the recession ended, hurt by cuts in government spending, fewer exports and sluggish growth in company stockpiles.

Read more at:
http://www.washingtonpost.com/business/us-economy-shrinks-01-pct-first-time-in-3--years-deep-cut-in-defense-spending-key-factor/2013/01/30/9dc71c80-6ae1-11e2-9a0b-db931670f35d_story.html

News Alert: U.S. economy contracted at annual rate of 0.1 percent in fourth quarter

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