Delays at the nation's airports surged this week because the Federal Aviation Administration furloughed air traffic controllers to stay within a reduced budget. Now Congress has voted quickly to give the FAA more spending flexibility to reduce staff cutbacks.
While the most recent data show a slight dip in the rate of fatal injuries, the actual number of people who lost their lives while at work edged up. Groups that push to make work safer say not enough is being done to prevent such deaths.
Gross domestic product grew at an annual rate of 2.5 percent. Consumer spending is up, and home construction rose. But government spending fell, and tax increases and federal budget cuts are expected to slow later this year.
David and Charles Koch, billionaires known these days for their politics, are interested in acquiring a collection of daily newspapers including the Los Angeles Times, the Chicago Tribune and The Baltimore Sun. If they bought those papers, what would they do with them?
Growth was a bit weaker than economists expected, but was well above fourth-quarter 2012's weak 0.4 percent increase. The first-quarter figure is likely to be revised in coming months, perhaps closer to the 3.2 percent growth economists were expecting.
Samsung announced Friday its first quarter profit is at a record high — net profit surged 42 percent. The company has now seen six straight quarters of growth, thanks to strong smartphone sales. On Saturday, it's launching a new smartphone in the U.S. — the Galaxy S4.
The Senate has passed a bill to give the Department of Transportation more flexibility in how it makes the mandatory cuts of the sequester. Hundreds of flights were delayed this week after the FAA furloughed air traffic controllers, setting off a political storm.
The long-promised update to the 1986 Electronic Communications Privacy Act is moving through Congress. On Thursday, the Senate Judiciary Committee approved a bill that would make the police get a warrant before peeking at your old emails and anything else you store online. The House is moving in the same direction.
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