Economic growth slowed in the fourth quarter as weak business spending and a wider deficit offset the fastest pace of consumer spending since 2006.
The pace of business activity in the U.S. Midwest in January accelerated unexpectedly in January, a report showed on Friday.
The corporate "tax holiday" plan is supported by Sens. Rand Paul and Barbara Boxer, the Journal says.
Federal Reserve Chair Janet Yellen offered an upbeat assessment on the U.S. economy in a meeting with Senate Democrats, according to media reports.
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