U.S. GDP Fell 1 Percent; First Drop In Three Years

Revising its early numbers for the first quarter of 2014, the Commerce Department says the U.S. economy shrank by 1 percent at an annualized rate. Last month, estimates of the quarter’s gross domestic product had shown a small gain of 0.1 percent.
Government analysts blame the...
U.S. GDP Fell 1 Percent; First Drop In Three Years