U.S. Economy Shrinks For First Time In Over Three Years

by Melissa Block, NPR

The U.S. economy actually shrank a bit in the fourth quarter. It was a tiny decline at one tenth of a percent, but it goes down as the first negative quarter in three and a half years. A sharp decline in government spending and a fall in business inventories were big factors.

Broadcast Dates

• All Things Considered, January 30, 2013