US economy grows 3.5pc

Thursday, 30 October 2014 16:23
Last updated 09:47 31/10/2014 Relevant offers A smaller trade deficit and surge in defence spending buoyed US economic growth in the third quarter, but domestic demand slipped, hinting at some loss of momentum. Gross domestic product grew at a 3.5 per cent annual pace, the Commerce Department said on Thursday. However, the pace of growth in business investment, housing and consumer spending slowed from the second quarter.
Washington's marijuana entrepreneurs back Oregon's pot initiative
Thursday, 30 October 2014 16:23
October 30, 2014, 4:59 PM|Marijuana business owners from Washington state explain why they back Measure 91, even if it means more competition. Stephanie Condon reports.
Hillary Clinton heckled by immigration protesters
Thursday, 30 October 2014 16:23
Former Secretary of State Hillary Clinton was at the University of Maryland on Thursday to stump for Anthony Brown, Maryland's Democratic gubernatorial candidate, but she ended up defending her own record on immigration reform after protesters repeatedly interrupted her speech. "If they had just waited a little while, I was getting to the Dream Act," Clinton joked at the rally, referencing the legislation that gives certain undocumented youth a pathway to citizenship. "As a senator,…
Emerging threats, Senate shift could change U.S. budget debate: Boeing
Thursday, 30 October 2014 16:15
WASHINGTON (Reuters) - Emerging threats such as Islamic State extremism and a possible switch to Republican control of the U.S. Senate could accelerate debate about the need to halt or ease mandatory cuts in the U.S. defense budget, a top Boeing Co executive said on Thursday. Boeing was still urging U.S. lawmakers to reverse the cuts, which are due to resume in 2016, while at the same time working to reduce its own costs and…
US economy clocks solid growth in third quarter
Thursday, 30 October 2014 15:23
The US economy grew at a faster-than-expected 3.5 percent pace in the third quarter helped by stronger exports and defense spending, suggesting enough momentum to do without Federal Reserve stimulus. The Commerce Department report for the July-September period on Thursday came just a day after the Fed announced it would end its quantitative easing program of buying bonds this month, after pumping trillions of dollars into the economy over the past six years to shore…
U.S.-led forces rebuked for making Afghan troop evaluations secret
Thursday, 30 October 2014 15:14
WASHINGTON (Reuters) - A move by U.S.-led forces in Afghanistan to classify a key assessment of multibillion dollar efforts to train and equip local security forces is "inexplicable" and hides issues from the public, a U.S. government watchdog said. John Sopko, the Special Inspector General for Afghan Reconstruction, said in a quarterly report to Congress on Thursday that his office was "deeply troubled" by the decision to classify the executive summary of the report that…
District of Columbia panels weigh legalizing marijuana sales
Thursday, 30 October 2014 15:14
By Lacey Johnson WASHINGTON (Reuters) - Washington lawmakers took a step toward legalizing the sale of marijuana in the U.S. capital on Thursday, holding a hearing on rules and taxes ahead of a referendum next week. The proposed legislation to regulate marijuana sales in the District of Columbia is part of a sharp shift in U.S. public opinion in the past several years that has pushed legalized pot toward the mainstream.
US economy grew at 3.5 percent rate in third quarter (+video)
Thursday, 30 October 2014 14:22
Washington — The US economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years. The third quarter result, which was slightly better than economists expected, followed a 4.6 percent rebound in the second quarter, the Commerce Department reported Thursday. The economy shrank at a 2.1 percent rate in the first three months…
Race in America: Focus group gets fired up
Thursday, 30 October 2014 14:14
Racial tensions in Ferguson, Missouri, are still simmering after an unarmed 18-year-old, Michael Brown, was shot and killed by a police officer in August. While the town waits for the results of several investigations, Attorney General Eric Holder is calling for "wholesale change" in the Ferguson Police Department. In order to better understand how Americans perceive issues like those at play in Ferguson, Republican strategist and CBS News contributor Frank Luntz brought together 17 people…
Hagel: All countries in the Middle East must help stabilize Syria
Thursday, 30 October 2014 14:14
Defense Secretary Chuck Hagel said Thursday that all nations in the Middle East must be involved in the process of stabilizing Syria, which is still in turmoil due to the rise of the Islamic State of Iraq and Syria and the ongoing civil war between President Bashar Assad's regime and a broad mix of rebel groups. During a Pentagon briefing, a reporter asked Hagel to weigh in on whether the U.S. needs to pursue a…

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