Fred Harteis News Articles - Less than a week before Americans go to the polls to select a president, a government report released Thursday showed that the economy contracted in the third quarter as consumer spending dipped for the first time in 17 years.
Economists said the drop in economic activity — with the gross domestic product shrinking at a 0.3 percent annual rate — presages more bad news in the months ahead. The impacts of a now-global financial crisis are continuing to squeeze companies and impede investment, prompting ... more »
