Author – The Durango Herald

Tax season begins two weeks early because of virus, IRS funding

WASHINGTON – This year’s tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. The IRS is warning that a resurgence of COVID...

DATE: Jan 15, 2022 | CATEGORY: Business

Wholesale prices up just 0.3 percent in February

WASHINGTON – Inflation at the wholesale level rose at just half the rate in February as the previous month, as a surge in energy prices slowed. The Labor Department said Tuesday t...

DATE: Mar 14, 2017 | CATEGORY: Business

Construction spending drops 1 percent in January

WASHINGTON â€“ Builders cut back on construction spending in January by the largest amount in nine months, with weakness stemming from the biggest reduction in government activity in nearly ...

DATE: Mar 1, 2017 | CATEGORY: Business

US construction activity slips in December

WASHINGTON – U.S. builders trimmed spending slightly in December as a gain in private projects was offset by a big drop in spending on government projects. Construction spending f...

DATE: Feb 1, 2017 | CATEGORY: Business

U.S. economic growth slowed in fourth quarter

WASHINGTON – The U.S. economy lost momentum in the final three months of 2016, closing out a year in which growth turned in the weakest performance in five years. The gross domest...

DATE: Jan 27, 2017 | CATEGORY: Business

U.S. consumer prices up moderate 0.3 percent in December

WASHINGTON â€“ U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years. ...

DATE: Jan 18, 2017 | CATEGORY: Business

Fed raises key interest rate

WASHINGTON – The Federal Reserve has raised a key interest rate in response to a solid U.S. economy and expectations of higher inflation, and it foresees three rate hikes in 2017. ...

DATE: Dec 14, 2016 | CATEGORY: Nation & World

US construction spending up 0.5 percent in October

WASHINGTON – U.S. builders boosted spending on construction projects by a modest amount in October, helped by big gains in spending on home construction and the biggest increase in governmen...

DATE: Dec 1, 2016 | CATEGORY: Business

Yellen: The ‘case for an increase’ in rates has strengthened

WASHINGTON – Federal Reserve Chair Janet Yellen sketched a picture Thursday of an improving U.S. economy and said “the case for an increase” in interest rates has strengthened. The Fed is wi...

DATE: Nov 17, 2016 | CATEGORY: Nation & World

U.S. productivity up at 3.1 percent rate in third quarter

WASHINGTON – The productivity of American workers rose in the July-September quarter at the fastest pace in two years, while labor costs slowed. Productivity increased at a 3.1 pe...

DATE: Nov 3, 2016 | CATEGORY: Nation & World

Consumer spending rebounded in September

WASHINGTON – Consumers boosted their spending in September at the fastest pace in three months, while their incomes grew by a modest amount. Consumer spending increased 0.5 percen...

DATE: Oct 31, 2016 | CATEGORY: Nation & World

U.S. economy grew at 2.9 percent rate in third quarter

WASHINGTON – The U.S. economy grew at a 2.9 percent rate in the July-September quarter, the strongest pace in two years, as the battered export sector rebounded and businesses finally began ...

DATE: Oct 28, 2016 | CATEGORY: Nation & World