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Tag Archives: spending

Construction spending rises in October, best pace since ’09

WASHINGTON — U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction spending increased 0.8 ...

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Next round of federal cuts expected to go much deeper

WASHINGTON — It’s not just longstanding battles over taxes and curbing mandatory spending that are obstacles to a year-end pact on the budget. Another problem is a perception among some lawmakers that the automatic spending cuts known as sequestration haven’t ...

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Consumer confidence rises in August

WASHINGTON — Americans’ confidence in the economy inched closer to a 5 ½-year high on growing optimism that hiring and wages could pick up in coming months. The Conference Board, a New York-based private research group, said Tuesday that its ...

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Obama warns GOP against shutting down government

BINGHAMTON, N.Y. — Casting an eye toward upcoming budget fights, President Barack Obama on Friday warned Republicans against trying to defund his signature health care law, vowing to protect spending on education, scientific research and America’s infrastructure. Taking questions from ...

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Construction spending up 0.5 percent in May

WASHINGTON — Spending on residential housing rose in May to the highest level in 4½ years, helping to send overall construction spending higher despite a big drop in nonresidential activity. Construction spending rose 0.5 percent in May compared with April ...

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