Last Updated: Wednesday, June 25, 2014, 18:34
The contraction in the world`s largest economy was the steepest since the 2009 first quarter.
Last Updated: Thursday, May 30, 2013, 13:16
The American economy is recovering in the aftermath of the worst recession, a top US official has said, but acknowledged that the country's infrastructure sector is in "crying" need of further investment.
Last Updated: Saturday, May 04, 2013, 09:18
The US is continuing to recover from the worst recession since the Great Depression, the White House said after the latest jobs report revealed that the unemployment rate for the month of April has dropped to 7.5 percent, the lowest in four years.
Last Updated: Monday, January 28, 2013, 14:26
Empty nest syndrome is associated with general feeling of loneliness among parents when their children leave home to live on their own for the first time.
Last Updated: Thursday, November 15, 2012, 20:30
American business magnate Warren Buffett has said there ‘won’t be a recession’ if Congress can't resolve the so-called fiscal cliff before the automatic tax increases and spending cuts take effect in January.
Last Updated: Wednesday, July 18, 2012, 10:33
Ben Bernanke has said if Congress doesn't reach agreement soon to avert a budget crisis, the US might slip into recession.
Last Updated: Friday, March 09, 2012, 19:48
A stock rally at the end of 2011 helped rebuild more of their lost wealth — a trend that carried into 2012. Households responded by borrowing more for the first time since the financial crisis began, even as home values fell further.
Last Updated: Tuesday, October 11, 2011, 09:58
No wonder many Americans feel as if the economy never recovered at all.
Last Updated: Wednesday, September 14, 2011, 00:15
Europe's sovereign debt and banking crisis is expected to push the region into recession over the next 12 months, and most investors do not expect higher US interest rates until 2013, a survey showed on Tuesday.
Last Updated: Monday, September 05, 2011, 09:42
Brent crude fell below $112 a barrel on Monday, as fears of another US recession slowing fuel demand overshadowed supply concerns over a major shutdown of offshore oil production forced by Tropical Storm Lee.
Last Updated: Saturday, September 03, 2011, 14:13
A darkening US economic outlook is forcing Federal Reserve officials to dig ever deeper into an already depleted policy toolkit and consider measures until recently deemed too radical.
Last Updated: Friday, September 02, 2011, 00:04
US manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.
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