National economics correspondent, The Wall Street Journal
Changes in the partisan makeup of Congress have not been tied closely to changes in U.S. GDP in election years on.wsj.com/WNtdRR
@HMWmemphis Lewis: "There was no encouragement in all this. It doesn't mean they're not happy we did it, but there was no pressure at all."
@HMWmemphis That may be true but BofA **wanted** to buy Countrywide, the record will show online.wsj.com/news/articles/…
Whoever decided to let that BofA case get in front of a jury can't be happy right now.
Judge orders Bank of America to pay $1.27 billion in case alleging fraud against Fannie, Freddie on.wsj.com/1AzqieS
Fed scales back bond purchases on.wsj.com/1obONEN Says there's still significant slack in labor markets, housing recovery is "slow"
RT @davidmwessel: Hilsenrath: Look at year-over-year GDP growth, too. Fed does. Q2 2014 was 2.4%.Q1: 1.9%. Q4: 3.1%. on.wsj.com/1s346Wq via @WSJecon
RT @FiveThirtyEight: MSNBC talks about impeachment way more than Fox News. Dems talk about it more than the GOP. 53eig.ht/ULyXJQ pic.twitter.com/4UrTCDxOVK
A note on GDP revisions, courtesy Q1 2013:
Apr 13: +2.5%
May 13: +2.4%
Jun 13: +1.8%
Jul 13: +1.1%
After two negative quarters, housing contributed positively to GDP in Q2. The drop-off had been due to a slide in brokers' commissions.
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