Bloomberg The U.S. economy grew in the fourth quarter at a faster pace than previously estimated, supported by stronger household spending that’s helping cushion the expansion from weakness overseas. The revised 1.4 percent increase in gross domestic product, the value of all goods and services produced, compares with the Commerce Department’s previous estimate of 1 percent, according to figures issued ...

Bloomberg Payrolls rose in 36 states in February and the unemployment rate dropped in 22, a sign labor market slack is gradually diminishing in the U.S. economy. California led the nation with an almost 40,000 increase in employment, followed by a 25,100 advance in New York, figures from the Labor Department showed. Jobless rates in New Hampshire and South Dakota ...

Washington / AP House Republicans are preparing legislation to create a new oversight board that would help Puerto Rico control its finances, a move designed to deal with the territory’s $70 billion in debt. The legislation is in response to House Speaker Paul Ryan’s promise at the end of last year that the House would work with Puerto Rico to ...