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Wealth gap leaves local governments cash strapped

Wealth gap leaves local governments cash strapped

Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according…

Surge in consumer spending in April

Surge in consumer spending in April

U.S. consumers ramped up their spending in March at the fastest pace in 4½ years, a sign that the economy is gaining momentum after its winter slowdown. The Commerce Department…