WASHINGTON (AP) -- The U.S. economy has been growing at a faster rate than had been estimated earlier -- a 2.7 percent annual rate from July through September.
But economists believe growth is slowing to a rate below 2 percent in the current quarter because of disruptions from Superstorm Sandy and worries about sharp tax increases and spending cuts that would occur in January without a budget deal in Washington.
There's also word today that the number of new jobless claims fell for a second week in a row, after the storm drove applications much higher earlier in the month.
Most Popular Stories
Morris the cat runs for mayor of Mexican city
Bear with head stuck in jar is rescued in Pa.
Officials: Woman approaches kids with chain saw
Thai pet shop owner with 14 rare lions arrested
Court: Arizona citizenship proof law illegal
IRS official contradicts claims about reviews
Obama: Northern Ireland peace will be tested
Current, former officials back secret surveillance
Immigration bill could decide 2016, senator says
WVLT VOLUNTEER TV
6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: CCBot/2.0 - 181360221
