Tag: Department
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U.S. economy grew 2.6% in 3rd quarter: Commerce Department
The U.S. economy grew in the third quarter of this year due to trade fluctuations, new home construction and consumer and government spending, the Commerce Department said Thursday in the final major economic report before the midterm elections. The Bureau of Economic Analysis said the gross domestic product increased 2.6% in July, August and September,…
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Department of Transportation proposes new rule to make airline refunds easier for flyers
Airline passengers would have an easier time getting refunds for delayed and canceled flights if a proposed rule introduced by the U.S. Department of Transportation Thursday is adopted. For years, the department has required airlines to refund passengers for flights that are canceled or significantly changed, but it has not defined those terms. This led…
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Treasury Department says borrowing needs have increased by $262 billion
WASHINGTON — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio. Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in May, a sign that the federal government will need to be more…