Two big data releases came out Thursday: The PCE price index for April and GDP revisions for the first quarter of the year. Laura Veldkamp at Columbia Business School and Tara Sinclair at George Washington University explain what these reports say about the state of the economy.
Huntington Beach, California, faces a structural budget gap where recurring expenses exceed recurring revenue. One answer may lie in the city’s trademarked slogan: Surf City USA.