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.
Reduced government spending subtracted 0.6 percentage point from the first quarter's growth. Full Story »