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Wednesday, April 7, 2010 as of 11:14 AM ET

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Government Spending

Government spending

Government spending (or government expenditure) includes all government consumption, investment but excludes transfer payments made by a state.

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US growth slows to 1.9 pct. annual rate in January-March period; jobless claims rise to 383K

The U.

S. economy is looking slightly weaker one day before a critical report on May job growth.Economic growth was a little slower in the first three months of the year than first estimated, largely because governments and consumers spent less and businesses restocked their supplies more slowly.The number of people who applied for unemployment benefits rose to a five-week high last week. And a survey of private companies showed only modest hiring gains last month.Still, a softer job market hasn't caused Americans to scale back spending. Consumers spent more at retail stores in May than the same month last year, buying more clothes and Mother's Day gifts.The mostly disappointing data kept the Dow Jones Industrial Average on pace to record its first monthly loss since September. The yield on the 10-year Treasury note sank to 1.56 percent, a 66-year low.Thursday's data showed that:— The U.S. economy grew at an annual rate of 1.9 percent in the first three months of the year, the Commerce ...

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  1. GSA put on the hot seat at town hall

    Acting GSA administrator, Homeland Security Secretary Janet Napolitano and Health and Human Services Secretary Kathleen Sebelius confronted over wasteful government spending

  2. Spanish bond yields hit highs, European Commission recommends extension to deficit deadline

    Investors worried about the viability of Spain's banks sent its borrowing costs into the danger zone and shares sliding Wednesday, spooked about whether the governme...

  3. School's out: From elementary grades to university, Spanish teachers, students go on strike

    Teachers and students from every level of Spain's education system went on strike Tuesday to protest wide-ranging government spending cuts, erecting makeshift tombs ...

  4. Obama trying to defend record on spending and debt

    Government spending and debt are emerging as a campaign tug-of-war, with Mitt Romney blaming President Barack Obama for a "prairie fire of debt" and Obama calling th...

  5. Fact Check: Obama's thrifty spending claim uses some creative accounting

    The White House is aggressively pushing the idea that, contrary to widespread belief, President Obama is tightfisted with taxpayer dollars. To back it up, the admini...

  6. FACT CHECK: Obama claim of thrifty spending falls short of reality, bailout skewers numbers

    The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the...

  7. FACT CHECK: Obama claim of thrifty spending record falls short of reality

    The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the...

  8. Romney fights back against Bain attacks

    Private investors need not apply for the White House?

  9. Extinguishing the “Spending Inferno” Myth

    Alan speaks with MarketWatch’s Rex Nutting, who debunks Romney’s claim that there has been a spending binge under Obama.

  10. President Obama denies being a big spender

    Governor Mike Huckabee weighs in

  11. More worries about Europe's debt mess send stocks lower ahead of the long holiday weekend

    Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank.Stock indexes were waffling betwee...

  12. Obama Whacks Republicans on Deficits Ahead of Stimulus Pitch

    "[Republicans] run up these wild debts and then when we take over, we've got to clean it up."-- President Obama speaking to donors in Denver touting the fact that fe...

  1. US construction spending rose 0.3 percent in April, helped by housing and commercial projects

    U.S. builders increased their spending on construction projects for a second month in April. A pickup in home construction and commercial projects offset a fifth con...

  2. A high school student's message for Washington

    In two weeks I will graduate from Wheeling High School. It is going to be a day to remember for the rest of my life. My principal will hand me a diploma, but that di...

  3. US economy added 69,000 jobs in May, fewest in a year; unemployment rate rose to 8.2 percent

    The U.S. economy suddenly looks a lot weaker.Only 69,000 jobs were added in May, the fewest in a year, and the unemployment rate rose from 8.1 percent to 8.2 percent...

  4. Irish say 'yes' to EU treaty that means more austerity, now seek deal on growth and bank debt

    Ireland's voters have agreed to ratify the European Union's deficit-fighting treaty with a resounding 60.3 percent "yes," results Friday showed, but government leade...

  5. US economy added 69,000 jobs in May, fewest in a year; unemployment rate rose to 8.2 percent

    The U.S. economy suddenly looks a lot weaker.Only 69,000 jobs were added in May, the fewest in a year, and the unemployment rate rose from 8.1 percent to 8.2 percent...

  6. Attracting the female vote

    Mercedes Viana Schlapp and Sally Kohn discuss where each campaign stands

  7. Pointing to stimulus-funded bridge restoration in NH, Romney calls Obama program boondoggle

    Republican presidential challenger Mitt Romney on Friday criticized a restored 19th century bridge as another "Bridge to Nowhere" and a fresh symbol of the waste he ...

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