Economy

Contrary to expectations, the government didn't revise first quarter growth up from 1.8 percent. Weak consumer spending and factory output mutes the outlook.

Recent hikes in gas prices are taking their toll on the economy as hard-pressed American consumers start to curtail their spending.

Diane Swonk, chief economist with Mesirow Financial, takes a look at today's economic indicators.

Wholesales prices rose in April driven by surging fuel costs. Michelle Meyer from Bank of America Merrill Lynch explains.

Oil imports, up nearly 20 percent because of price increases, erase best export mark in nearly 20 years.

The number of hours Americans have to work in order to pay off their mortgages or rents has risen significantly in recent decades.

A slowdown in the U.S. service sector and less hiring by private companies in April fuel concern that the economic recovery is sputtering.

A new report from Standard & Poor's compares the financial woes of California with Greece's debt problem. Gabriel Petek, senior director of credit market services for S&P, explains.

Diane Swonk, chief economist with Mesirow Financial, looks at this morning's GDP number, and explains how we can turn the number around.

David Wyss, chief economist with Standard & Poor's, examines today's news that the U.S. gross domestic product grew only 1.8 percent in the first quarter.