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U.S. economy shrinks 6.1% in the first quarter

Apr. 29, 2009
The Commerce Department's Gross Domestic Product report shows continued weakness. But consumer spending rises, and low inventories could mean that production will be ramped up. Massive cutbacks by businesses and the biggest drop in U.S. exports in 40 years contributed to a 6.1% decline in the...
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler