Economics

Consumer Spending Unchanged in December

Consumer Spending was unchanged in December. Economists had forecast consumer spending rising 0.1 percent last month. Consumer spending accounts for more than two-thirds of U.S. economic activity. Personal income increased 0.3 percent in December. That was expected to rise 0.2%.

China Data Augur More Weakness

When China's government reports Tuesday on the economy's performance last year, one central question will have already been answered: Growth slowed to its most anemic pace in a quarter century.

The Myth of the 'Strong' Obama Economy

Strong. Durable. President Obama used those words this week to describe the American economy during his State of the Union speech. But that will be called into question at the next GOP debate on the FOX Business Network. What's the reality?