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Consumer data support sturdy first-quarter growth picture

Shopping - Reuters

Consumer spending rose in February and sentiment among Americans perked up this month, further signs of an acceleration in economic activity in the first quarter after a near stall in late 2012.

 

Fannie Mae Profit Signals a Stabilizing Housing Market

The government-backed mortgage financier said it made a profit in the first quarter and that it does not need additional bailout money — a first since the federal government took it over in 2008.

Senh: Another point for Barack Obama.

 

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