The US economy's second quarter went from solid to stellar

WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

Yellen: 1st rate hike likely by year end if economy improves

WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen said Friday she expects to begin raising interest rates later this year — if the job market improves and the Fed is confident inflation will climb closer toward its target rate.

Canada First-Quarter Growth Slows as Harsh Winter Bites

Canada’s economic growth slumped in the first quarter as a harsh winter in North America slowed housing construction, business spending and exports.

Analysis: Even brief spending cuts could hit U.S. economy hard

WASHINGTON (Reuters) - The U.S. economy could take a big hit from automatic government spending cuts even if Congress only leaves them in place for a month or two.