U.S. GDP Growth Q1 2012: Economic Growth Slowed To 2.2 Percent On Cutbacks In Government, Business Spending

"Government spending cuts are weighing on the U.S. economy in a way that hasn't been seen in generations. Those cuts have reduced growth for six straight quarters – the longest stretch since 1955."

"The Federal Reserve might have to rethink its forecasts and its policies, economists say. One economist thinks the Fed is now more likely to pursue a third round of bond purchases to try to push down long-term interest rates to stimulate the economy."


U.K. Succumbs to First Double-Dip Recession Since 1970s: Economy