GDP Advances 2.4 Percent; Revised Down from Original 2.5 Percent Estimate
May 30, 2013 at 09:52 AM EDT
Government spending cutbacks took a big bite from first quarter GDP, although consumers were resilient, even in the face of the end of the payroll tax cut at the beginning of the year. The second estimate for GDP for the first quarter was revised down to 2.4 percent from the