Finance Home : Business News

U.S. Bureau of Economic Analysis

U.S. International Trade in Goods and Services, December 2011 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total December exports of $178.8 billion and imports of $227.6 billion resulted in a goods and services deficit of $48.8 billion, up from $47.1 billion in November, revised. Dec......

Personal Income and Outlays, December 2011 Personal income increased $61.3 billion, or 0.5 percent, and disposable personal income (DPI) increased $47.1 billion, or 0.4 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.0 billion, or less than 0.1 percent. In November, ......

Gross Domestic Product, 4th quarter and Annual 2011 (advance estimate) Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.8 percent in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the "advance" estimate release......

Travel and Tourism Satellite Accounts, 3rd quarter 2011 Real spending on travel and tourism decreased at an annual rate of 1.0 percent in the third quarter of 2011 after increasing 3.2 percent (revised) in the second quarter.Full Text

State Personal Income, Third Quarter 2011 State personal income growth slowed to 0.1 percent, on average, in the third quarter of 2011. Growth rates ranged from -0.4 percent in West Virginia to 0.6 percent in Washington State. Personal income fell or was unchanged in twenty states and grew 0.2 percent in the other thirty. Economy News The anti-Solyndra: Ford's Energy Department loan The Energy Department's controversial loan program got some much needed help. Obama budget: $901 billion deficit in 2013 President Obama will propose a budget on Monday that forecasts a $901 billion deficit in 2013, and includes plans make targeted investments in areas like infrastructure while hiking taxes on the rich. Billions at stake as Russia backs Syria Russia's controversial stance in the Syrian crisis has left many wondering what Moscow stands to gain by backing the brutal regime of Bashar al-Assad. Campaign 2012: Billionaires to the rescue Are you a billionaire with a few million bucks to spare? 'Dirty Harry' weighs in on deficit Clint Eastwood is better known for playing '"Dirty Harry" and other hyper-masculine tough guy characters than holding nuanced public policy positions. But the actor is now throwing his weight behind a plan to reduce the country's massive deficits. Bernanke: Housing problems hold back recovery Lingering problems in the housing market continue to restrain America's economic recovery and limit the effectiveness of Federal Reserve policies, Ben Bernanke said Friday. Broken budget process hurts Wall Street reform President Obama is likely to propose a substantial funding increase for Wall Street regulators in his forthcoming budget. Banks may finally improve foreclosure practices After five years and four million foreclosures, the nation is now one big step closer to a national mortgage servicing standard. Courtesy cnn.com