Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time.
The U.S. has apparently just told Iraq that it should no longer expect American dollars to aid in the country’s reconstruction—rather, Iraq must rely on its own revenues. Did anyone know this was coming?