U.s. Economy | featured news

The U.S. economy is gathering steam as the year draws to a close, according to a private industry group's index of economic indicators published on Friday.

President Obama signed a jobs bill into law on Thursday, but declared that the measure “is by no means enough.”

Bernanke said the U.S. economy will continue to grow in 2010 and the underlying strength of the world's largest economy will help ensure the dollar stays firm.

A lower dollar appears to be boosting the U.S. economy only gradually, with higher prices on imported oil helping outweigh the benefit of cheaper American exports....

The Senate vote unanimously on Wednesday to extend aid for jobless workers and broaden tax breaks for homebuyers and businesses in a bid to breathe life into the struggling US economy.

The government reported that output of goods and services grew at a 3.5 percent annual rate, which was faster than expected. But it will be months before job-seekers feel the benefits.

U.S. Treasury Secretary Timothy Geithner on Tuesday said that the U.S. economy appeared to be picking up steam and G20 leaders gathering in Pittsburgh this week would strive to ensure the recovery was balanced.