Like a steam engine leaving the station, the American economy is gathering momentum: the wheels are turning, the engine is pumping and the engineers have opened the throttle full bore. If only Washington would get out of the way.
The U.S. economy expanded at a 2.4 percent annual rate during the first quarter, down a tenth of a point from an initial estimate, according to revised figures from the Commerce Department released on Thursday. Economists had forecast a 2.5 percent gain, the initial reading reported by the government last month.
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